Diamond body expels member for blood stones

By ASSOCIATED PRESS
December 28, 2010 22:20

Israel's Diamond Exchange said Tuesday it has expelled a longtime member for attempting to smuggle illegal Zimbabwe "blood diamonds" into the country.

Zimbabwe is banned from exporting diamonds under the Kimberley Process, the 75-nation regulatory group that seeks to end the trade of so-called blood diamonds, which fund violence in Africa.

Spokesman Assaf Levin said the bourse expelled David Vardi after he was arrested last week for his connection to about $200,000 worth of illegal Zimbabwe stones. He said his organization "will not tolerate dealing in blood diamonds."


Related Content

Breaking news
April 22, 2018
Report: Police Say 'No Criminal Suspicion' in Avicii's Death

By REUTERS

Israel Weather
  • 14 - 22
    Beer Sheva
    16 - 20
    Tel Aviv - Yafo
  • 13 - 19
    Jerusalem
    16 - 20
    Haifa
  • 19 - 29
    Elat
    17 - 27
    Tiberias