Charles Wyndham: Diamond Over-grading Is Criminal Fraud

18/07/2015 08:48

"What Bates fails to draw attention to is that what is being discussed is simple fraud, criminal fraud. All these are simply illegal activities and are not something that should be settled in-house, it is not a question of simply breaking the ‘clubs’ rules. It is breaking criminal law. (...) If the odd diamond dealer who was proven to be guilty of such nefarious activities ended up in clink that might provide a strong inducement to others to stop such practices and potentially destroy consumer confidence to the peril of the whole industry."

Charles Wyndham, commenting on JCK's Rob Bates' article on diamond over-grading.