The Gemological Institute of America Gem Trade Laboratory (GIA-GTL) has invalidated more than one thousand diamond grading reports after discovering that former employees of their database support contractor Tata Consultancy Services (TCS) gained remote access to the system. Grading details were altered on more than 1000 GIA diamond grading reports issued between November 2014 and September 2015, approximately 900 of the diamonds affected were submitted for grading between July and August.
The GIA has published a list of affected reports, and entering the diamond grading report number of affected reports into GIA Report Check will result in a message indicating that the report has been invalidated. The companies who submitted the diamonds affected have been suspended from being able to submit diamonds to the GIA pending further investigation.
The majority of diamonds affected were submitted in India, however some of the diamonds were graded by the GIA Laboratory in Carlsbad, California which is the headquarters of the Gemological Institute of America. The diamond details changed included both color and clarity grades, the changes were caught due to internal controls that the GIA has in place.
It certainly is scary that something like this can happen, but we are thankful that none of our clients will be affected by this incident because the Crafted by Infinity diamonds offered by High Performance Diamonds are all graded by the American Gem Society Laboratory. Unlike the GIA-GTL which has multiple locations, the AGS Laboratory has only one location and thus we feel that this type of event is less likely to occur. In addition, each Crafted by Infinity diamond is pre-graded as part of our internal quality control procedures. There is no chance that the CBI-team would allow accidentally over-graded diamond grading reports to potentially stain the value of their brand.
Read the Full Story in JCK Magazine.