On 1st April, the Real Deal, a news site for the New York real estate sector, carried an article which claims that developers who began in the diamond trade have built, acquired or have an interest in over 200 properties and projects now worth at least $20 billion, and that entities tied to Manhattan’s Diamond District own at least 259 properties in New York City though contributions tend to be buried behind a maze of LLC, front men and limited partnerships. The article says that, in most cases, the investments are legitimate but that sometimes, they aren’t. Gemstones are a popular tool to launder money, experts said, and real estate often provides the final rinse. The article says that the news site set out to trace how this opaque, underreported symbiosis between diamonds and real estate came about — and how it shaped the skyline. A long and fascinating piece, with allegations concerning not only money laundering but bribery, corruption and handling of “conflict” or “blood” diamonds.