Market NewsNewsTanzania seizes diamonds from Petra

Tanzania seizes diamonds from Petra

Tanzania said it planned to nationalize diamonds whose value it put at $29.5 million belonging to a mine majority owned by London-listed Petra Diamonds after it accused the miner of under-declaring its mineral exports, Reuters reported.

The diamonds were seized at the main airport in Tanzania’s commercial capital Dar es Salaam on Aug. 31 as they were being exported by Williamson Diamonds Ltd to Antwerp, Belgium, said the Reuters report.

Read more here