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[2] [3] FundAmerica filed for bankruptcy in August 1990 [2] In late August 1990, Robert T. Edwards was fined $20.4 million dollars by Florida for running a pyramid scheme. [4] In 1994 in Florida, the company pleaded no contest to a reduced charge of misrepresenting investors' odds of success and paid a $200,000 fine. [ 5 ]
These diamonds were routed via countries such as the UAE, allowing Russian-origin diamonds to enter global markets in "mixed origin" parcels. While efforts by the G7 to curb Russian diamond sales faced resistance, some companies, including De Beers, responded to these allegations, whereas others, like Kiran Gems, did not. [10]
The company acquired Letšeng diamond mine in 2006, and has since found five of the 20 largest known white gem quality diamonds, elevating the mine to the highest dollar-per-carat kimberlite diamond operation in the world. [4] The company was first listed on the London Stock Exchange in 2007. [5]
Diamond reports from GIA (as well as other, for-profit sources) are now demanded by most consumers purchasing diamonds over a certain size, typically for over 0.5 carat (100 mg), and almost always for over 1.0 carat (200 mg), and are considered an important tool in guaranteeing that a diamond is accurately represented to a potential buyer.
Diamond World News Service. June 7, 2008 "Diamond Certificates And Its Importance In The Industry". April 19, 2022; Simon, Bernard (June 27, 2002). "Adding Brand Names To Nameless Stones". Diamond New York Times "International Gemological Institute". Europa Star. April 1, 2002
This past Friday, the CBS reality series devoted the episode to celebrating "Epic Bosses," and Stephen Cloobeck, the founder and chairman of Diamond Resorts, arguably stole the show.
As the diamond was grown, the carbon atoms within the molten metal would crystallize on top of the seed diamond. In Gemesis' process, a yellow gem-quality diamond up to 3 carats (600 mg) in size would grow inside the resolidified metal cylinder. The metal cylinder would then be dissolved in mild acid and the diamond crystal would be extracted.
Logo of the American Gem Society. The American Gem Society (AGS) is a trade association of retail jewelers, independent appraisers, suppliers, and selective industry members, which was founded in 1934 by Robert M. Shipley.