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Byline: Michael Hastings (With Henk Rossouw in Johannesburg, Joanna Chen in Jerusalem and Frank Brown and Nadya Titova in Moscow)
Leo, a balding man with an Israeli accent, stands behind a glass counter in one of the hundreds of jewelry shops on 47th Street, the heart of New York's diamond district. Leo makes his living on the strength of his ability to evaluate the authenticity and value of diamonds. He is examining three small stones, each weighing less than half a carat--one pink, one colorless and a third, slightly green, called a marquise. He picks up the pink crystal between his index and middle fingers, places it gently on the counter and peers through his ...