Misrepresentation

     Another common area of fraud in jewelry industry is Misrepresentation.
        The Federal Trade Commission requires that a diamond be within one clarity and color grade of what it is originally sold as. Because of this, jewelers tend to "bump" the grade. For example, if a jeweler buys a stone as a SI1-H, he'll bump it up and sell it as a VS2-G. If you buy it as a VS2-G and have it appraised as a SI1-H, the dealer is legally covered, because he sold it within one grade of what it really is.

      Read our guide and find more about misrepresentation and more