Victim Advice

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.”

What is diamond overgrading?

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.

What to do if you’re a diamond doctor victim

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.