The Diamond Doctor Fraud Case

Diamonds are indeed one of the most priced gem stones in the world. Despite its price, a lot of people still prefer to buy them because of its value and beauty. They serve as precious gifts to loved ones because of their beauty. With that being said, jewelry made out of diamonds can be as low as one thousand dollar and can be as high as one million dollars (some are even higher). A lot of jewelers today can provide you with high quality diamonds. One of those stores is Diamond Doctor Dallas: or did they? A controversy has been sparked when some people reported to the authorities that they were sold over graded diamonds. To know more about this, a list is provided bellow to help you get informed about the case.

Diamond Doctor Dallas

The lawsuits

On Feb. 3 2016, Diamond Doctor Dallas filed a lawsuit against the Cummings Manookian law firm for extortion and violations of the Racketeer Influenced and Corrupt Organizations (RICO) act. In addition to that, the said jewelry shop is also suing them for copyright infringement because the said law firm allegedly used their logo on their ad campaigns. However, this was just a response from the case that was initially filed by the same law firm. Their clients were reportedly sold over graded diamonds causing them to overpay a few thousand dollars. Some are even graded 7 times higher than their standard grade. On one of Manookian’s interviews he said that David Blank, the owner of Diamond Doctor Dallas has asked him to represent mister Blank. Upon hearing thins, Mr. Blanks lawyers got jealous so they counter sued him and thus the saga is born. Check at DDF

The Victims

The victims are customers that were allegedly drawn into fraudulent deals given by the said jewelry shop in Dallas. They were allegedly sold over graded diamonds that cost a lot higher than they should be. When the time came that they need money and sell those diamonds, they are not able to sell it in the same price in which they bought it. The said jewelry store also allegedly fake certificates to prove that their diamonds were graded in the right way, by the right agency and by the right people. This will make their customers think that they have purchased high quality diamonds for a better price, but actually, it’s the other way around. These overgraded diamonds sold at Diamond Doctor Dallas are sometimes even cut poorly according to the victims. Upon hearing this, more and more people are coming out the surface to report more incidents.

We do not quite know for sure why diamond companies are committing fraud. However, one thing is for sure, a lot of people has invested money to file a case and they are growing numbers each day. The truth about the Diamond Doctor Fraud case is that it has sounded a buzz in America. So be wise and vigilant in your investments so that you will not end up regretting that you made them. For more details, just visit http://www.diamonddoctorfraud.com/diamond-fraud/diamond-fraud/

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