Diamond is probably the most valuable gemstone in the history of the world and that means that there are businesses engaging in fraudulent practices in order to profit off the blood and sweat of unwitting buyers. If you purchased your diamond in Dallas, TX in the last few years, chances are that you might have been a victim of the Diamond Doctor fraud.
The Diamond Doctor Fraud is undoubtedly the most common jewelry fraud in the market right now and refers to the situation where the dealer lists and the diamonds at a grade that is higher than its true grade. Often this is not mistake but a deliberate fraudulent action that is undertaken in order to maximize profits in cheap and even expensive diamonds. For the truly high class diamonds, this can result in a customer paying several thousand dollars for every grade added to the diamond’s 4Cs properties.
This type of diamond fraud at Diamond Doctor is generally quite commonplace especially amongst the low end stores where customers are looking for bargains. So how do you make sure you protect yourself from this kind of fraud when you are pouring your life’s savings into acquiring that seemingly rare and quality piece of diamond which turns out to be worth much less?
How to deal with diamond fraud
The most important step that you can undertake is buying your diamond from a reputable jeweler. You must also insist that the jeweler issue you with a certificate and accurately describe the grade and content of the diamond piece. You will need to have this information in order for you to prove that the jeweler committed fraud by misleading into buying overgraded diamonds. If the jeweler issued a certificate from a discredited grading house like in the case of the Diamond Doctor fraud, then it is very easy for you to prove your case and even win your case if you file a lawsuit against the company. Check at DDF
If you are going to buy quality diamonds that will set you back a bit, go for it. Avoid those attractive 50% discount on diamond promotions as there is a likelihood that you will be sold cheap overgraded diamonds. It is simply inconceivable for anyone to take 50% discount off the price of a quality piece of diamond and still remain profitable.
Take a lawsuit
If you have already been scammed by a fraud such as the Diamond Doctor fraud for overgraded diamonds, then the most logical route is to sue and seek compensation. Diamond Doctor committed fraud against numerous customers and many of them have now bandied together to sue the company via the law firm Cummings Manookian in order to seek redress after losing a massive amount of money.
However, the most important precaution is to choose whom you are buying from carefully in order to avoid getting into a situation where you are likely to spend a massive amount of money and time suing in order to recover your money. Don’t fall victim to a “Diamond Doctor fraud”!