No Tolerance and No Leniency For Wrong-Doers
The recent case in which employees of the Indian technology company the GIA uses to maintain its secure database allegedly fraudulently upgraded the reports of just over 1,000 diamonds that were submitted to the GIA for grading clearly sets off alarm bells. We cannot but be horrified at the details published about this case.
Clearly, we must wait for the police and any other authorities to fully investigate, but on the face of it the case indicates very strongly the high level of vigilance our industry needs to maintain. The number of stones affected is relatively small, but this is not the point. The diamond bourses cannot allow any illicit activity whatsoever in our trade and must take all steps possible to ensure that consumers know we are an industry that has zero tolerance for any such illegality.