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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?


To: RBMac who wrote (5114)11/30/1999 5:58:00 PM
From: Goalie  Read Replies (2) | Respond to of 7235
 
FYI: Fake diamonds prompt fraud warning (from CBC Newsworld):
WebPosted Tue Nov 30 07:13:39 1999

TORONTO - If you bought diamonds in the past
year, you may be the victim of a fraud -- even if
your stones were accompanied by certificates
of appraisal.

CBC TV's MarketPlace has learned of a
stone called a moissanite that most jewellers
can't tell from a genuine diamond. Even
diamond-testing equipment can't tell the
difference.

Police say hundreds of moissanite stones
have passed as diamonds in at least 14
Canadian cities.

Moissanite has only been on the market for a
year, but it's become a major problem for the
Canadian jewelry industry.

Expert gemologist Martin Sheffield said he's
not surprised so many jewellers offered to buy
the moissanite that a MarketPlace researcher
tried to hawk at several Toronto stores.

"All the properties of moissanite parallel those
of diamonds," Sheffield told CBC News.

"So it's scary because it comes so close to a
diamond that it can easily fool a jeweller and
no doubt the average person who is out to buy
a diamond."