Conmen "Switch $118,000 of Diamonds for Worthless Fakes"

By John Jeffay / January 09, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Police in India are hunting three men alleged to have duped a diamond dealer by switching genuine stones worth $118,000 with fakes.They visited the victim's office at the Bharat Diamond Bourse, Mumbai, where they examined and photographed a selection of diamonds and their pouches.They returned later, chose 320 carats and asked for them to be set aside until while they went to get the cash to pay for them.Satish Chandpara, 35, a diamond trader at the bourse, at the Bandra Kurla Complex, became suspicious when they didn't return and found their phones were all switched off, according to a report in Hindustan Times.It quotes a police officer as saying: "The trader got suspicious and opened the packet of the diamonds selected by the trio ???,?" only to realise that they had changed the original diamonds with fake ones."

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok