Diamonds Set For Auction

Published on 10/03/09

Dazzling gemstones will go under the hammer later this month, it has been revealed.

The US Department of the Treasury and the Internal Revenue Service's (IRS's) criminal investigation division will put 605 loose jewels up-for-sale on March 20th.

As part of a money laundering case, the gems, which could be used to create pieces such as platinum diamond rings, diamond bracelets and diamond drop earrings, were seized from one of the largest diamond dealers in New York.

The items will now be sold at the New Yorker Hotel, with proceeds being returned to the IRS's criminal investigations division through the US Department of the Treasury's Asset Forfeiture Fund.

Anyone interested in buying the diamonds has the chance to preview the gems and register their interest online.

Earlier this month, it was revealed that Rio Tinto's Argyle mine will sell a range of coloured diamonds at a 'One in a Blue Moon' auction.