The couple pleaded guilty to concealing at least $127 million in cash transactions at its precious metals businesses.
3 Moissanites With Fraudulent Inscriptions Submitted to GIA Lab
The stones were sent into the Johannesburg lab and researchers detailed their discovery in the fall issue of Gems & Gemology.

It is a first such discovery for the laboratory.
GIA reported on the finding in the fall 2020 issue of Gems & Gemology, in an article in the Lab Notes section authored by Sicebiso Hlatshwayo and Sally Eaton-Magaña.
The note specifically addressed the first of the three stones received, a 1.02-carat round brilliant recently submitted for a Diamond Grading report.
Standard testing showed the stone was not a diamond, and further tests proved it to be a synthetic (lab-grown) moissanite, Hlatshwayo and Eaton-Magaña wrote.
They noted simulants are “often” submitted to the lab for diamond grading but are easily rooted out using the standard grading process.
This is the first time, however, the lab has come across a fraudulent inscription on a diamond simulant, and the fake was apparent to graders for a number of reasons.
First, GIA checks all stones with a pre-existing inscription.
The report number on the 1.02-carat round brilliant moissanite belonged to an E-color natural diamond of the same carat weight graded in 2019.
The measurements of the stones, however, were “quite different” due to the fact that the two materials have a different specific gravity, Hlatshwayo and Eaton-Magaña wrote.
The specific gravity of diamond is 3.52 while moissanite’s is 3.22, which means that moissanite, any moissanite, has to be slightly larger than a diamond to equal its carat weight.
“Since the specific gravity of moissanite is smaller than diamond, it is less dense and needs to have a larger volume for the same weight,” GIA explained in an email to National Jeweler.
In addition, the font used for the inscription on the moissanite was “distinctly different” from GIA’s usual font and, while GIA does not assign clarity grades to lab-grown moissanite, the stone in question is equivalent to a VVS2, while the clarity grade on the report for the natural diamond is VVS1.
The lab note in the fall edition of Gems & Gemology did not provide details on the other two lab-grown moissanite submitted with fraudulent inscriptions, as they did not come into the lab until after the article was written.
The Latest

Consumers shared concerns about prices, inflation, tariffs, trade, and politics in the survey’s write-in response section.

In February 2026, the auction house will move its headquarters to the former Steinway Hall, a neoclassical landmark on Billionaires’ Row.

How Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.

The new show will take place Jan. 23-25, 2026.


The former BHP Billiton leader and Gemfields chairman is remembered for his influential leadership throughout his 50-year mining career.

The LVMH-owned brand has partnered with the costume design union to revamp its award for 2026.

Roseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.

The luxury titan inked a deal to acquire an initial minority stake in the jewelry manufacturer with a pathway to full ownership by 2032.

The company’s curation of unsigned vintage and estate jewelry debuted at the Bloomingdale’s in Costa Mesa, California.

In the recent multi-shipment seizure, CBP also found counterfeit Audemars Piguet, Moncler, and Chrome Hearts items.

Helzberg’s Chief Retail Officer Mitch Maggart shared details about its tests of a new store concept rooted in an elevated luxury experience.

Jewelers of America execs and National Jeweler editors discuss tariffs, the sky-high gold price, and the engagement that broke the internet.

The luxury goods company said founder Ippolita Rostagno will remain at the brand’s helm.

Laura Burdese, who joined the Italian luxury brand in 2022, will take on the role in July.

The National Jeweler editors revisit the most noteworthy industry happenings and design trends from 2025.

Need a gift for the cat lover who has everything? Look no further than our latest Piece of the Week.

It purchased the “Grosse Pièce,” an ultra-complicated Audemars Piguet pocket watch from the ‘20s, for a record-breaking price at Sotheby’s.

Chandler got his start at Michelson Jewelers and has served as DCA president and CEO since 2001. He will retire at the end of the month.

The boutique is slated to open this week inside Terminal 8, offering pre-owned Rolex watches and more to international travelers.

Sponsored by Digital Monitoring Products

The special-edition egg pendant ingested in a New Zealand jewelry store was recovered after a six-day wait.

Associate Editor Natalie Francisco plays favorites with Piece of the Week, selecting a standout piece of jewelry from each month of 2025.

The “Love and Desire” campaign is inspired by the magic that follows when one’s heart leads the way, said the brand.

Two awardees will receive free tuition for an educational course at the Swiss lab, with flights and lodging included.

Berta de Pablos-Barbier will replace Alexander Lacik at the start of January, two months earlier than expected.

Sotheby’s held its first two jewelry sales at the Breuer building last week, and they totaled nearly $44 million.




















