The couple pleaded guilty to concealing at least $127 million in cash transactions at its precious metals businesses.
GIA Sees Blue Diamond That’s Synthetic-Natural Composite
The 0.33-carat stone has a very thin layer of CVD-grown Type IIb diamond on top that earned it a grade of fancy blue.

New York--The Gemological Institute of America reports that a mined white diamond with an extremely thin layer of blue lab-grown diamond on top was submitted to its New York laboratory recently.
According to an article published online now and slated for the summer print edition of “Gems & Gemology,” the 0.33-carat stone is a composite of CVD synthetic Type IIb diamond overgrowth on a natural Type Ia.
The lab-grown diamond layer is only 80 microns (0.003 inches) thick, but it’s enough for the diamond to grade as a fancy blue.
Though the GIA said the stone was not submitted as a lab-grown diamond, there were a few things that tipped off researchers.
As the article states, the diamond had both nitrogen and boron defects. Nitrogen defects are the most common defect found in natural diamonds, while boron is the element that gives diamonds a blue tint and is a rare impurity, which is why natural blue diamonds are so few and so valuable.
The GIA said it is “very unusual” to see these two elements together in a single diamond, as essentially what they were looking at was a mixed Type Ia and Type IIb diamond. The last time the GIA reported on one of these being found in nature was nearly 10 years ago, in the spring 2009 edition of “Gems & Gemology.”
Secondly, a detailed analysis conducted using the DiamondView machine showed a yellowish-green fluorescence zone at the top of the crown that had a clearly defined boundary visible along the interface layer on the crown facets.
This, combined with SiV- defects and phosphorescence, indicated to GIA researchers that the top layer was a diamond grown using the chemical vapor deposition (CVD) process.
The bottom of the stone, meanwhile, displayed blue fluorescence but no phosphorescence in the DiamondView and had a strain pattern in the pavilion, both of which are consistent with a stone that is a natural Type Ia diamond.
This is the not the first diamond that’s a synthetic-natural combination.
The GIA noted in its research article that CVD diamond films have been applied to natural diamonds since the 1960s, and the successful addition of CVD-grown diamond layers on top of mined diamonds happened in 1993.
But this is the first synthetic overgrowth on a natural diamond with a fancy color grade that the GIA said it has ever seen.
As the lab put it
That is, apparently, until now.
GIA Director of Research and Development Wuyi Wang, along with New York-based GIA researchers Kyaw Soe Moe, Paul Johnson and Ulrika D’Haenens-Johansson, authored the article.
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.

The lab-grown diamond grower now offers custom engagement and fashion jewelry through its Kira Custom Lab Jewelry service.

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.

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.




















