Due to concerns related to report validity as a result of uncovered unauthorized changes to grading reports in October 2015, Gemological Institute of America (GIA) announced on 26 January 2016 that it will extend the submission date for the confirmation service to 31 March 2016.
Anyone with a GIA grading report originally issued between November 2014 and October 2015 may submit the original report and the referenced diamond to any GIA location for the confirmation service at no charge until the March 31 2016.
GIA said it has shared the client communications and information about these fraudulent changes with the Indian police and investigation into the fraudulent alteration of GIA reports by outside parties continues. As a result of the cooperation between GIA, Tata Consultancy Services (TCS) and the Indian authorities, six additional people have been arrested, making a total of eight arrests.
According to GIA, so far it has only received 297 invalidated reports. “It is imperative that all of the diamonds and their reports be returned to GIA to remove the fraudulently altered reports from the market,” said the organisation.
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