PNJ's Diamond Operations Cleared by Police in Wider Vietnam Gem-Smuggling Probe

Phu Nhuan Jewelry JSC (PNJ) has been cleared of any wrongdoing in its diamond import and distribution operations following preliminary findings from a Vietnamese police investigation into cross-border gem smuggling. The clearance is significant given the broader probe's impact on the nation's gemstone sector. The company's stock price surged following the announcement.