Tuesday, December 20, 2005
The Wall Street Journal has a fascinating story here detailing recent happenings in the diamond industry. The title of the story tells it all "Diamond Industry Rocked By Allegations of Bribery."
The Gemological Institute of America (GIA) on its website here states as its mission, "to ensure the public trust in gems and jewelry by upholding the highest standards of integrity, academics, science, and professionalism through education, research, laboratory services, and instrument development."
"Following the recent independent investigation mandated by the Board of Governors, the names of those diamond dealers who may have violated GIA's Code of Ethics have been turned over to law enforcement officials. GIA notified these dealers that it will no longer accept diamonds from them for grading."