Home > News
  print button email button

Thursday, Nov. 8, 2012

News photo
Crown jewel: This 7.5-carat diamond seized by the national tax agency from a person who was delinquent in paying taxes is set to go on the auction block along with several other jewels beginning Friday. NATIONAL TAX AGENCY/AFP-JIJI

Tax agency to auction off seized diamonds


Tax inspectors are selling off at least $2 million worth of diamonds via an Internet auction site after seizing them from people who had not paid their taxes.

The five jewels include one with a starting price of ¥40.8 million ($507,000) that experts say is a flawless 7.5-carat rock with a diameter of more than 1.3 cm.

Gemologists graded the diamond D, meaning it is totally colorless.

In a series of auctions starting Friday, five jewels will go under the virtual hammer in weeklong sales, with ¥25.6 million being the lowest starting price for any of the stones.

A spokesman for the tax agency said he could not reveal the names of the tax delinquents who had forfeited the diamonds.

The Japanese-language auction website can be found at www.koubai.nta.go.jp

Back to Top

About us |  Work for us |  Contact us |  Privacy policy |  Link policy |  Registration FAQ
Advertise in japantimes.co.jp.
This site has been optimized for modern browsers. Please make sure that Javascript is enabled in your browser's preferences.
The Japan Times Ltd. All rights reserved.