Press Release

GIA Extends Diamond Confirmation Service


Investigation continues; additional arrests made

CARLSBAD, Calif. – Jan. 26, 2016 – In response to concerns expressed by members of the trade, GIA has extended the submission date for the confirmation service announced on Nov. 25, 2015, by two months to March 31, 2016.
 
Anyone with a GIA grading report originally issued between November 2014 and October 2015 who is concerned about the validity of the report due to the unauthorized changes to grading reports uncovered in October 2015 may submit the original report and the referenced diamond to any GIA location for the confirmation service at no charge until the March 31 deadline for submissions.
 
The investigation into the fraudulent alteration of GIA reports by outside parties continues. GIA has shared the client communications and information about these fraudulent changes with the Indian police. As a result of the cooperation between GIA, TCS and the Indian authorities, six additional people have been arrested, making a total of eight arrests.
 
To date only 297 invalidated reports have been returned to GIA. It is imperative that all of the diamonds and their reports be returned to GIA to remove the fraudulently altered reports from the market.
 
The gem and jewelry trade must hold those who commit such fraudulent acts accountable for their actions. The cooperation of the trade is vital as GIA works to fully address this fraud.
 
GIA will continue to focus on ensuring consumer confidence and trust by making public any effort by any individual, company or organization to defraud the trade or consumers.

About GIA

An independent nonprofit organization, GIA (Gemological Institute of America), established in 1931, is recognized as the world’s foremost authority in gemology. GIA invented the famous 4Cs of Color, Clarity, Cut and Carat Weight in the early 1950s and in 1953, created the International Diamond Grading System™ which, today, is recognized by virtually every professional jeweler in the world.
 
Through research, education, gemological laboratory services, and instrument development, the Institute is dedicated to ensuring the public trust in gems and jewelry by upholding the highest standards of integrity, academics, science, and professionalism.