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‘Perfect’ fake diamonds fool traders

11:05 27/11/2012

Judicial authorities in Antwerp are investigating a diamond swindle that has been fooling traders worldwide and is putting doubt in the minds of buyers, De Tijd reports. A specialised lab in Antwerp has discovered that about 600 diamonds recently sold were fakes. Even experienced traders could not tell the difference. The International Gemological Institute has warned laboratories worldwide, explaining the damage that fakes cause to the integrity of the trade. The discovery of the fakes happened by chance – traders normally do not send stones of less than 0.30 carat (as is the case here) to a lab but examine them themselves.

Written by The Bulletin editorial team