CAPITAL MARKETS

Fake diamonds ready to hit market

THE diamond industry’s worst nightmare, genuine synthetics which are impossible to pick from the real thing, has raised its ugly head again with a report in a New York daily newspaper that two manufacturers of the imitation are stepping up their production and marketing.

Tim Treadgold
Fake diamonds ready to hit market

The New York Post told its readers yesterday that Gemesis was planning to sell yellow diamonds, made on an old Russian heat-and-pressure synthetic manufacturing machine, at just 10% of the cost of the...

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