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Clarity Enhanced-Fracture Filled Diamonds - Buyer Beware

In this video, Joshua Fishman describes a recent situation concerning fracture filled diamonds and the risks to a buyer concerning them. Visit http://www.afishman.com for more information. Hi. This is Josh Fishman, President and owner of A. Fishman & Son Diamonds in New York. Welcome back to our Ultimate Diamond Education Series. Yesterday I was prompted to think of doing this video about clarity enhanced or better known as fracture filled diamonds because of an experience I had with a young woman, Michelle, who came to my office with a problem. She had called me to tell me that she was uncertain about whether the diamond in her ring was a real diamond or not a real diamond. Background is that her fiancee had purchased a diamond from a whole to the public retailer down on Canal Street in New York with a large diamond in it and a 14 carat white gold mounting with some diamonds on the band and diamonds on the side of the band. It was such a cloudy, hazy diamond that they decided to take it back and exchange it. She brought back the new diamond which was a much smaller diamond with a badly set setting of that new diamond and she was unsure, it was something in her gut that told her there was a problem. The jeweler had charged her an additional $3,500 for the exchange, theoretically an upgrade to a better diamond. I looked at that diamond very, very carefully and it looked real and that's what I told her. Then I looked much more closely and I saw on the bottom of the stone a purple pinkish line that looked like the following image. You can clearly see the pinkish line in the diamond. Let me explain. In earlier video that I recorded titled Diamond Clarity Enhancements and Buying Guide I discussed two types of clarity enhancements which are prevalent in the market today; one, laser drilling which is not the subject of this video, and two, clarity enhancements otherwise known as fracture filled diamonds. The process is that a heavily fractured diamond with many feathers exposed to the surface is injected with a clear type of substance which camouflages the fractures in the diamond. Take a look at this image and you will see a before and after image and then I will discuss the case that happened yesterday. On the left is the diamond with the fracture before treatment. On the right you can see it very much camouflaged after the fracture filling but intrinsically it is still a very heavily included and fractured diamond, a very poor one. Michelle came to me yesterday with a diamond that had this pink flash effect that I showed you in the earlier image. She didn't understand that it was a clarity enhanced or fracture filled diamond. She showed me the receipt which noted clarity enhanced diamond. Now, she was not explained what that meant which is the biggest problem. By law a seller has to disclose the fact that a diamond has been treated in such a fashion. The law is inadequate because the disclosure came on the sales receipt but neither she nor her fiancee were explained what that meant. She paid more for that diamond, that one carat smaller diamond than she did for the bigger diamond which was probably even worse. Maybe it wasn't worse, maybe the seller just took advantage of her and her fiancee to get more money for this smaller diamond which was fracture filled. Michelle left my office with this sad news. Parenthetically, I hate being the messenger of such news and I felt really terrible because I want to protect consumers from these retail predators, is what I call them. A few minutes later after she left she called me back and said she had spoken to her fiancee and could she come back up to my office and have me talk to her fiancee about what she could do and what they could do together to remedy the situation. She came back in and I was speaking to her fiancee and I told her and I told them both that they should absolutely go and get their money back. The problem is that the sales receipt on this new diamond said no exchanges, sales are final. If they adjust any of the rings there's no returns. That could create a problem for them but in my opinion it was a fraudulent transaction. Now, get a load of the following. I asked Michelle's fiancee how much she paid and how much they paid for this diamond ring. It turned out that they had paid $11,500 for the original diamond and now $3,500 more for the second diamond so they had a total of $15,000 invested in a simple 14 carate white gold mounting with some diamonds and a fracture filled one carat diamond. I was in shock. I had to ask them five times just to be sure that it was $15,000 that they had invested. This ring is worth maybe $1,500 but not $15,000. To read the fill transcript of the video visit: www.afishman.com/diamond-clarity.html