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Jewelry Chain Zale Stops Tanzanite Sales Due to Questions over Terrorism Links.
Knight Ridder/Tribune Business News, January, 2002
By Dianne Solis, The Dallas Morning News Knight Ridder/Tribune Business News
Jan. 12--Zale Corp., the Irving-based jewelry chain, has suspended sales of jewelry containing the rare, blue-violet stone known as tanzanite because of its possible links to terrorism.
As of Jan. 1, Zale pulled tanzanite jewelry from its stores, following its own investigation of reports that proceeds from the sales of the gemstone were possibly used to finance Osama bid Laden's al Qaeda network.
"This is one of the murky situations where everyone can tell you a pretty compelling story about why it isn't true and why it is true," said Susan Lanigan, Zale's senior vice president and general counsel. "We have not been able to prove or disprove there is a link."...
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