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GIA Bars Cristy Gems for Fraudulent Report Inscriptions

Aug 4, 2015 4:18 AM   By Avi Krawitz
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RAPAPORT... The Gemological Institute of America (GIA) will no longer accept diamonds submitted for grading by Cristy Gems, a Surat-based diamond manufacturer. The lab explained that it suspects that the company and four partner businesses repeatedly submitted diamonds that were inscribed with pre-existing GIA report numbers that were not issued for those stones.

“This has occurred on a number of occasions, indicating a pattern of intentional conduct,” Tom Moses, GIA’s executive vice president and chief laboratory and research officer, said in a letter to Cristy Gems.

He added that the GIA is closing the accounts of all companies associated with Cristy Gems and will no longer accept any items for servicing from the company. All stones currently in-process will be returned ungraded, Moses said.

The companies in question include: Cristy Gems; Yogesh Kalsaria; Kalsaria Diamonds Pvt., Ltd.; M/S Cristy Gems; Tusharbhai; and, Chhaganbhai Kalsariya. The latter two companies submitted their diamonds to the GIA via Rapaport India.

Rapaport India is no longer accepting stones from these companies for submission to the GIA and the companies also have been suspended indefinitely from RapNet, the Rapaport Group’s diamond trading network.
Tags: Avi Krawitz, Cristy Gems, diamonds, GIA, Jewelry, Rapaport, Surat
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