International diamond grading laboratory,
the Gemological Institute of
America (GIA), has halted an international
operation that was using
counterfeit GIA Diamond Grading Reports to support
diamond sales,
chiefly via the internet.
The GIA filed a lawsuit in Chicago
against Moti Weisbrot, the leader
of the counterfeiting activity, and others who
participated in the
activities by either producing counterfeit reports
or agreeing to sell
diamonds accompanied by the counterfeit documents.
GIA is obtaining
permanent injunctions against the participants
in these actions,
thereby stopping the counterfeiting activities.
All the diamonds sold with these
counterfeit Grading Reports were
clarity enhanced. As a policy, the GIA does not
grade clarity-enhanced
diamonds. Thus, the documents were not only counterfeited,
but
represented diamonds that would not have received
a GIA Diamond
Grading Report in the first place.
The public places great trust in the accuracy
and integrity of GIA
Diamond Grading Reports and we go to great lengths
to preserve that
trust. The counterfeit reports in this case were
intended to add value
to clarity-enhanced diamonds by manipulating the
publics reliance on
the GIA report. We took these legal actions in keeping
with GIAs
mission to protect the interests of both the public
and the gem and
jewelry industry, commented GIA President
William E. Boyajian.