Japanese tax officials target $2 million from sale of seized diamonds

Japanese tax authorities are auctioning five diamonds worth around US$2 million that were confiscated from people who have not paid taxes.

Among the diamonds being sold on an Internet auction site is one that is claimed to weigh 7.5 carats and to be D flawless with a starting price of around US$500,000.

The auction started on Friday and the diamonds will be sold during a week-long sale.

The starting price for all of the diamonds is around US$318,000 (25.6 million yen), the Associated Press agency reports.