New data shows $9,800 million in profits from China’s diamond trade

By Chris WrightReutersThe world’s largest diamond trader is facing a global investigation into whether it broke laws by profiting from a trade in diamond products, with the International Diamond Council saying it has uncovered evidence that shows it profited from more than $9.7 billion in sales of diamonds from China between 2006 and 2014.

The ICD said it uncovered evidence of “serious, systematic” misconduct at the diamond trading company, which is controlled by China’s government.

It said it was taking action to prevent any further violations.

China’s trade in diamonds has become a major concern amid concerns over rising global demand and a spike in the number of people diagnosed with cancer.

It also has a large diamond market and is one of the world’s biggest producers of diamond.

But the ICD’s investigations found that in 2006 and 2009, the company made sales of up to $2.8 billion in Chinese diamonds to an undisclosed buyer, which was based in China.

In the five years from 2006 to 2010, the trade in Chinese diamond products to China accounted for a third of the Icd’s global diamond trade, which accounted for $9 billion in profit, the IAC said.

The report said the illegal transactions occurred between 2006 to 2014, but the transactions were not reported to the IEC.

The trade in China diamonds to the buyer was part of a wider scheme to exploit the diamond market, it said.IAC director and head of the China investigation, Mark Smith, said the IBC and the Chinese authorities had cooperated on the investigation, which began in the early 1990s and was later expanded to include all diamond products.IBC’s investigation found evidence that the ICT made sales from China to at least eight foreign customers, including five individuals, it added.

The investigations found the Ictab made more than 30 sales of Chinese diamonds and that the trade accounted for more than half of the global diamond market.

The Chinese government did not immediately respond to requests for comment.

The international diamond trade is largely controlled by Beijing and is closely watched by US President Donald Trump, who has repeatedly questioned the integrity of China.

Trump has criticised China’s policies in the South China Sea and the South Asian trade dispute with India.

He has accused China of using the trade to build a military in the region and to control its currency.

The Trump administration has also been under pressure from other governments to ease sanctions against Beijing and cut its trade with the US and other countries.

In January, China suspended an agreement with the IUCN to track and report on illegal trade.