International News
SSEF Warns Emerald Buyers Of Post-Certification Treatment Fraud
By Treating The Gemstones After Testing, Fraudulent Actors Are Able To Falsely Inflate The Apparent Value Of The Stones
The Swiss Gemmological Institute (SSEF) has issued an urgent trade alert warning gemstone buyers about a growing fraudulent practice: emeralds being artificially clarity-enhanced after they have received independent laboratory certification.
By treating the gemstones after testing, fraudulent actors are able to falsely inflate the apparent value of the stones while still using the original, clean lab report.
Because the high-end gemstone market heavily favors emeralds with no or minimal clarity modification, some sellers are exploiting the certification process through a multi-step deception:
- Chemical Cleaning: Emeralds previously treated with artificial resins are chemically cleaned with strong solvents to remove the fillers.
- Laboratory Testing: These cleaned emeralds—which may now display prominent, open fissures—are submitted to gem labs for testing. The resulting lab reports accurately state that no or only minor clarity modification was evident at the time of testing.
- Post-Test Treatment: After receiving the clean report, the stones are treated again with oils, resins, or wax to improve their appearance before being sold alongside the outdated certificate.
While filling fissures in emeralds with oil, wax, or artificial resin to improve clarity is a legal and standard practice in the industry, it is a strict requirement that all such treatments be fully disclosed to the buyer.
SSEF warns the trade that this post-certification alteration is on the rise and cautions buyers to remain highly vigilant when purchasing high-value emeralds. The institute noted that the same fraudulent practice is also being observed among other gemstone categories.
International News
Precious Metals Gain As Crude Prices Weaken
Slumping Crude Prices and A Weaker Greenback Offer Support To Gold and Silver, Even As Federal Reserve Interest-Rate Uncertainty Looms
Gold and silver prices edged higher on Monday morning, finding support in a softening U.S. dollar and a sharp retreat in global energy prices after President Donald Trump announced that Washington would enter diplomatic talks with Tehran.
The prospect of a diplomatic breakthrough in the Middle East provided immediate relief to global markets, driving crude oil benchmarks down more than 5% to trade near $83 per barrel. The decline in energy costs helped alleviate broader fears of persistent, energy-driven inflation, while the U.S. Dollar Index slipped 0.50% to 99.42—falling below the key 100 mark and making dollar-denominated bullion more attractive to international buyers.
On India’s Multi Commodity Exchange (MCX), gold futures for October delivery traded up 0.13% at Rs 1,43,557 per 10 grams during early deals. Silver futures for September delivery rose 0.40% to Rs 2,18,061 per kilogram.
The market shift follows statements from President Trump over the weekend indicating that discussions with Iranian officials would take place on Monday. While Mr. Trump set no firm deadline for an agreement, the move raised hopes for a resolution regarding the impasse over Iran’s nuclear ambitions and a potential agreement to guarantee safe passage through the vital Strait of Hormuz.
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