Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
GIA issues update on invalidated reports case
Two former employees of Tata Consultancy Services are in custody and the GIA has made public the client accounts connected to the 1,042 diamonds whose grading reports were altered.
Carlsbad, Calif.--Two former employees of Tata Consultancy Services (TCS) are in police custody in connection with the 1,042 Gemological Institute of America diamond grading reports that were altered after individuals allegedly gained unauthorized access to the lab’s grading information database.
In addition, the GIA said Monday that police have informed the lab that it may now publish the client accounts that submitted the diamonds in question.
The list of all 1,042 invalidated reports--along with the names of the 19 client accounts that submitted the diamonds connected to them--can be downloaded here on the GIA’s website.
The list includes the number and issue date of the invalidated reports and the shape and weight of each diamond, along with the submitting client account names. What the list does not include is color or clarity grades, as those may have been altered.
All 19 client accounts remain suspended from submitting stones to the GIA as the Indian police investigation continues.
The lab “strongly requests” that anyone in possession of any of these diamonds and grading reports return them immediately to the lab for examination at no charge.
GIA circulated a trade notice Friday afternoon stating that one or more now-former employees of TCS, the contractor that supports it databases worldwide, gained “unauthorized remote access” to GIA’s grading information database and altered the color and/or clarity grades on some 1,042 diamond grading reports.
Most of the stones attached to the grading reports in question were submitted to the GIA’s lab in India in July and August, and were graded in full or in part at other GIA labs, including New York and its headquarters in Carlsbad.
The GIA said that the individuals involved were acting “at the behest of other parties unrelated to GIA or TCS.”
The Latest
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.