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Rapaport reported that the Surat Diamond Association found 110 synthetic diamonds in a packet owned by two diamond traders operating in the Surat-based Mini Bazaar diamond market.
Rapaport reported that the Surat Diamond Association found 110 synthetic diamonds in a packet owned by two diamond traders operating in the Surat-based Mini Bazaar diamond market.
As quoted in the market news:
This is the first time that synthetic diamonds have been detected from the world’s largest diamond cutting and polishing center since a huge quantity of synthetic diamonds were detected mixed in the natural diamond packets from Mumbai nearly 19 months ago.
Sources said that the polished diamonds are 1.1 centimeter in size weighing 1.28 carat. The diamond packet containing the synthetic diamonds was purchased by two diamond traders – Krunal Borad and Gaurang Kanani – operating from the Mini Bazaar in Varachha. The diamond packet was sold to them by one diamond merchant named Ramesh Mavani, who in turned purchased it from one Chandu Sheta.
Dinesh Navadia, president of the Surat Diamond Association, commented:
When the diamond packet was brought to us, we immediately conducted tests to detect synthetic polished stones. The diamonds were purchased from Botad in Bhavnagar by one Chandu Sheta. This confirms the fact that the synthetic stones were cut and polished in Bhavnagar.