Conteúdo do artigo

• The E-Sylum: Volume 8, Number 54, December 25, 2005, Article 16
  

  BRIBERY ALLEGED IN GEM GRADING: IS COIN GRADING VULNERABLE?
  

  An article in the December 20 Wall Street Journal discusses
  a recent scandal involving independent graders of gemstones.
  How good are the checks and balances at the top numismatic
  grading services? Could such a scandal befall ever the coin
  grading industry? We all hear the constant complaints about
  the services, but I've never heard a whiff of such shenanigans
  in our field.
  

  "Bribery allegations at the nation's top rater of diamonds
  are rocking the jewelry business and tarnishing trust in
  the system for valuing gems.
  

  The Gemological Institute of America, which grades diamonds
  for independent dealers and big retailers such as Tiffany &
  Co. and Bailey Banks & Biddle, recently fired four employees
  and shuffled top management after a four-month internal
  probe of its policies.
  

  The institute also is in talks to settle a lawsuit filed
  last spring by a diamond dealer accusing workers in its New
  York laboratory of taking bribes to inflate the quality of
  diamonds in grading reports, said people familiar with the
  situation.
  

  The institute's grading system is relied upon by most
  dealers and retailers in determining the worth of diamonds.
  Since the quality of gemstones is impossible for a layperson
  to evaluate, independent labs like the Gemological Institute
  are vital in determining a diamond's worth."
  

URL da fonte

• http://www.coinbooks.org/esylum_v08n54a16.html

Data de publicação

• 2005-12-25

Volume

• 8

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