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The Rapaport Diamond Podcast: Corruption

Why does the diamond industry have such a big fraud problem?
Mar 26, 2018 4:21 AM   By Rapaport News
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On the heels of the alleged $2 billion Nirav Modi fraud, the Rapaport Diamond Podcast has taken a close look at industry corruption.

In the show’s fourth episode, “Fraud, Corruption and the Red Carpet,” the Rapaport editorial team talks about why diamonds are attractive to swindlers, and what the trade can do to improve its image. Also, guest interviewee Donald Palmieri of the Gem Certification and Assurance Lab (GCAL) recounts his experiences of rampant breaches of trust in the industry.

On a lighter note, Rapaport Editor in Chief Sonia Esther Soltani gives her take on the glamorous jewels on show at the 90th Academy Awards. Plus, a report from the March Hong Kong trade fairs.

Image: Shutterstock
Tags: 90th Academy Awards, Corruption and the Red Carpet, diamond industry, Donald Palmieri, fraud, gcal, Gem Certification and Assurance Lab, Nirav Modi, Rapaport Diamond Podcast, Rapaport News, Sonia Esther Soltani
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Comments: (1)  Add comment Add Comment
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Mar 26, 2018 11:01AM    By jacob deutsch
please dont forget the honesty &integrity of 98% of dealers in our industry thanx
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