WAS I THE VICTIM OF DIAMOND AND GEMSTONE FRAUD?

Tens of thousands of diamonds and gemstones.  Bogusly certified, intentionally overgraded, then dumped on unsuspecting vacationers and cruise ship passengers.  Sold as jewelry.  Closer to junk.

It was supposed to be a happy and memorable time.  A vacation or cruise with your loved ones to sunny, tropical ports of call.  Then the selling began.  Glossy magazines with pages and pages of advertisements for Diamonds International.  On-board sales people bombarded you with promises of “amazing deals” on “investment grade” diamonds and jewels.  Even the cab drivers on the island seemed to be in on the pitch.

Then you got home and found out what thousands of earlier victims already knew: you’d been ripped off.  The so-called “deal” was nothing of the sort.  Your diamond, gemstone, or other piece of jewelry is actually worth a fraction of what Diamonds or Tanzanite International claimed.  But you can fight back, and you’ve found the right place.  We are here to help.

1. LEARN ABOUT OVERGRADED DIAMONDS AND JEWELS.

WHAT IS AN OVERGRADED DIAMOND OR GEMSTONE? Overgraded diamonds and gemstones are nothing more than a deliberate misrepresentation of a piece of jewelry’s characteristics by a retailer to a consumer.  Most commonly, a jewelry store claims that one or more of a diamond or gemstones’s Four C’s (carats, color, clarity, and cut) is better than its true grade.  

WHY DOES IT MATTER?  It matters because the difference in a single grade in a single one of the Four C’s can affect the value of a diamond or gemstone such as tanzanite by thousands of dollars.  When multiple characteristics are misrepresented by multiple grades, your stone just went from jewelry to junk.  

HOW DID IT OCCUR?  Unscrupulous jewelers all over the Caribbean saw an opportunity to pass off inferior diamonds and gemstones as far more valuable than they actually were by having them “certified” or “graded” by fraudulent grading houses. Organizations such as EGL-I issued bogus certificates purporting to grade their characterstics.  The bogus certificates were designed to look identical to legitimate GIA certificates and even use GIA’s grading scale. Unfortunately, the bogus certificates aren’t worth the paper they’re written on.  But that didn’t stop dishonest jewelers from charging inflated prices for the misgraded stones; in fact, that was precisely the point of the scam. 

ISN’T DIAMOND AND GEMSTONE OVERGRADING ILLEGAL? Absolutely.  Practically every state in the country has laws barring retailers from, misrepresenting goods to consumers.  Many of those states allow the customer to receive back three times their losses in cash as well as attorney’s fees and punitive damages.  If you are a resident of those states, you can require Diamonds International to answer for their conduct in the United States.

WHAT CAN I DO?  If you purchased a diamond or gemstone that was accompanied by a certificate other than one issued by the GIA, you may have been the victim of jewelry fraud.  But you have rights, and the law gives you remedies.  Keep reading to find out how to secure the compensation and recovery you deserve.

2. DETERMINE IF YOU HAVE BEEN SOLD OVERGRADED JEWELRY.

Simply put, if your diamond or gemstone was accompanied by a certificate issued by any organization other than the GIA, it’s time to investigate.  Extreme red flags include certificates issued by the now defunct EGL-I, appraisals from UGS, or diamonds that were graded “in-house.”

Once you’ve determined that your stone did not come with a GIA certificate, your best course of action is to take it to a reputable jeweler for an honest evaluation of its actual characteristics.

If the gemologist reports that your diamond has color or clarity grades more than one grade below what you thought you’d purchased, you’ve likely been defrauded.  Depending on the size of your stone, you could be out thousands to hundreds of thousands of dollars.

Diamonds International overgraded diamonds

3.  START YOUR CIVIL CLAIM

Retailers, even those operating overseas, who use deceptive tactics against consumers are liable for significant damages.  You may be entitled to up to as much as three times what you paid for your diamond or gemstone, plus punitive damages and attorney’s fees.

If you were sold an overgraded diamond or gemstone, you have a right to be compensated.  To start the recovery process, tell us your story.  Our firm’s attorneys pioneered the legal recovery for jewelry fraud.  Not only did we bring the first cases in the nation exposing this issue, our efforts have led to major changes in the jewelry industry and have received global media attention.

We’ve recovered millions of dollars for our clients already.  Fill out the form to the right or at the bottom of this page and an experienced consumer rights lawyer will contact you for a free, no-obligation evaluation of your claim.

FREE JEWELRY FRAUD EVALUATION

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OVERGRADED DIAMONDS AND GEMSTONES: WE’RE THE FIRM THAT PIONEERED THE FIELD

At Cummings Manookian, we pioneered the legal route to recovery for consumers defrauded by diamond and gemstone overgrading.  We brought the first cases in the nation, and we’ve been obtaining significant recoveries for our clients ever since.

Experience

We’ve handled scores of cases just like yours. And in the highly technical world of jewelry, that’s important. We speak the language of the industry, and we know how to secure your highest possible recovery in the shortest amount of time.

Resources

We work with GIA gemologists to quickly determine the true characteristics and value of your stone. We use our industry resources to determine the true extent of your loss. For most clients, we have trusted jewelers in your area who can evaluate your stone while you wait.

Results

No firm in the country has been more successful in this area of law. In most cases, our clients keep their jewelry while receiving far more in cash than they originally paid. Just as important, we handle your case on a contingency fee basis: you owe us nothing unless you are paid.

REQUEST YOUR FREE CASE EVALUATION

If you think you may have been the victim of jewelry fraud through overgrading, it’s time to give yourself the peace of mind and get an experienced consumer rights attorneys working to secure your recovery.  Fill out the form below to receive a free and confidential evaluation.

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