Buying diamonds is supposed to be one of the most memorable purchases in a lifetime, but a disturbing trend spreading darkly across America is that of diamond fraud in particular, misrepresenting the value of diamonds before they are sold.
If you are a victim if diamond overgrading, it is fraud, plain and simple. Fortunately, you are not alone: together, victimized consumers can have a voice.
Advice for Victims of Dallas Diamond Fraud
Check records of your diamond purchases. If your diamond came with a certificate issued by any organization other than the GIA, it’s a big red flag. Beware certificates issued by the now defunct EGL-International or diamonds that were graded “in-house.”
Dallas it a hotbed of diamond overgrading, with noted diamond merchant David Blank bearing the brunt of a huge spike in complaints in the area. Blank’s alleged method of ripping off innocent consumers is to simply misrepresent the qualities of a diamond.
Then, his gemologists back up the so-called Diamond Doctor’s wildly exaggerated diamond valuation claims. These certificates are believed to come from a phony lab that issues its own bogus appraisal that has no basis in reality.
If your diamond did not come with a GIA certificate, take your diamond to a reputable jeweler and get an honest evaluation of its characteristics. In Dallas (David Blank’s base of operations), it is essential that you have your diamond evaluated by a GIA certified gemologist.
Make sure to protect yourself against diamond overgrading. Seek out independent appraisals from trusted diamond merchants in your area, or else widely reviewed ones online.