Diamond buyer admits stealing HK$11m worth of gems to fund gambling addiction

A former procurement manager at Tse Sui Luen Jewellery in Hong Kong has pleaded guilty to stealing diamonds worth more than HK$11 million (US$1.4 million) from suppliers over six years by manipulating consignment records to fund his gambling habit. The High Court heard on Monday that Mui Ka-fai, 63, obtained small diamonds from the jeweller’s regular suppliers and resold them once or twice a month for profit between 2017 and 2023. He pleaded guilty to three counts of theft. An investigation...