Investigation Into Fraudulent GIA Reports Continues in India

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PinkDiamond
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Investigation Into Fraudulent GIA Reports Continues in India

Postby PinkDiamond » Tue Sep 14, 2021 4:58 pm

Here's the latest on those bogus diamond reports that were reported last month, and this says the majority of the diamonds with the fraudulent reports were either synths or treated diamonds. Here's how the investigation has progressed so far. :?

Investigation Into Fraudulent GIA Reports Continues in India

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"Carlsbad, Calif.—Authorities in Surat, India are continuing their investigation into a scheme to pass off lower-quality natural and lab-grown diamonds as more valuable natural stones by using fraudulent GIA reports and fake inscriptions.

In mid-August, The Times of India reported that police in Surat detained a diamond trader and seized 24 GIA reports and five lower-quality diamonds inscribed with numbers that matched five reports for higher-quality stones.

Authorities also seized the laser machine believed to have been used to inscribe the stones with fraudulent report numbers, The Times reported.

In a statement issued Monday from its headquarters in Carlsbad, GIA said police in India asked its lab there to aid in the investigation.

What GIA India determined is that some of the reports were legitimate GIA reports—The Times said the diamond trader obtained reports from business associates of his who provided them without diamonds—while some were counterfeits that used legitimate GIA report numbers.

The lab also determined “most” of the diamonds paired with reports stating they were natural, untreated stones were actually treated or lab-grown diamonds.

“GIA India is continuing to cooperate with local authorities,” the lab said. “In addition, GIA India requested police conduct the necessary investigations and take the necessary steps to identify and arrest the perpetrators of these malicious acts against GIA and the innocent people who this fraud may have deceived.”

This “unfortunate” situation in India also underscores the need to have GIA update the diamond grading report before completing a purchase, particularly when the buyer doesn’t know the seller very well, GIA added.

The counterfeit inscriptions that turned up in India recently are the latest in a string for GIA.

An article in the Lab Notes section of the fall issue of “Gems & Gemology” detailed how graders at the GIA lab in Johannesburg, South Africa caught three moissanites inscribed with GIA report numbers for natural diamonds.

Another case was reported in February, this one involving ... "

https://www.nationaljeweler.com/article ... s-in-india
PinkDiamond
ISG Registered Gemologist


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PinkDiamond
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Re: Investigation Into Fraudulent GIA Reports Continues in India

Postby PinkDiamond » Thu Sep 16, 2021 6:01 pm

Here's more on these bogus reports discovered last month. :?

GIA Says Fake Inscriptions, Reports Accompanied Lab-Grown, Treated Diamonds
By Rob Bates | September 13, 2021

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"In August, the Times of India reported that a businessman in Surat, India, had been charged with selling diamonds that had fake GIA inscriptions.

The inscriptions were linked to GIA grading reports that indicated the accompanying diamonds had higher-quality characteristics than they actually did, the publication said.

The accused allegedly “targeted comparatively less-experienced businessmen,” a police inspector told the newspaper.

On Monday, GIA issued a statement updating the trade on what happened in August. Once the alleged scheme was discovered, the police seized the stones and accompanying reports. The authorities also requested assistance from the GIA India laboratory in determining the diamonds’ true characteristics.

The lab determined that some of the reports were in fact from GIA, while others were counterfeits that included legitimate GIA report numbers, the statement said. The lab also reported that most of the diamonds involved were treated or lab-grown diamonds—while the accompanying reports were for natural, untreated diamonds.

GIA India is continuing to cooperate with local authorities, according to the statement.

“GIA India requested the police conduct the necessary investigations and take the necessary steps to identify and arrest the perpetrators of these malicious acts against GIA and the innocent people who this fraud may have deceived,” the statement said.

The statement closed by reminding the trade to always have a diamond grading report updated by GIA before completing a purchase, particularly in transactions where the buyer does not have a trusted relationship with the diamond seller.

In May, GIA said that its lab had encountered more lab-grown diamonds bearing phony inscriptions linked to reports for natural gems, primarily coming from Hong Kong.

The accused businessman and local Indian authorities ... "

https://www.jckonline.com/editorial-art ... s-reports/
PinkDiamond
ISG Registered Gemologist


· ´¨¨)) -:¦:-¸.·´ .·´¨¨))
((¸¸.·´ ..·´ There are miracles left for you to do .... -:¦:- -:¦:-
-:¦:- ((¸¸.·´* It all begins inside of you. ;)


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