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The Gemological Institute Exposes Diamond Fraud

The Gemological Institute of the USA has reported the closure of the Cristy Gems's accounts, the diamond manufacturer based in Surat, and some associated businesses. The reason for taking such actions was principally suspicion of fraud. It is subject to such companies, as Cristy Gems, M/S Cristy Gems, Kalsaria Diamonds, Yogesh Kalsaria, Chhaganbhai Kalsariya, and Tusharbhai identified by Rapaport Group and suspected of inscribing precious stones with other already-existing GIA stones' report numbers.

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The Gemological Institute of America

Rapaport Group, the online diamond sales platform RapNet's owner, announced Chhaganbhai Kalsariya and Tusharbhai's submission of diamonds to the GIA via Rapaport India. It was also stated that Rapaport India was not accepting diamonds from these organizations, unreasonably suspended from RapNet, for submission to the GIA anymore.

Adding support to the rumor, the GIA spokesperson said that the media reports were correct on the whole but refused to comment further on this matter.

Engaging in the attempt of making the diamond industry more transparent, the Institute has presented an online report providing the round brilliant cut diamonds, ranging from D to Z colors and from 0.15 and 0.29 carat. Besides, the Diamond Focus Report adopts the same processes and standards used for all other report services offered by the laboratory.

Tom Moses, the GIA executive vice president and chief laboratory and research officer, made the point that thanks to the recent technological developments and innovations the laboratory managed to offer the "reduced-fee service" for smaller precious stones. He also said that the Diamond Focus Report would help address the industry and consumer demand for an independent and detailed testing of smaller diamonds.

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Tom Moses, the GIA executive vice president and chief laboratory and research officer

Apart from the color, carat weight, clarity and cut grades, the report service also offers other grading information including the report number, symmetry, polish and fluorescence. This report is now available at GIA’s laboratories in such cities, as New York, Carlsbad, Tokyo, Hong Kong, Bangkok and Mumbai. It is also expected that more locations will be offered with the service in the nearest future.



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