De Beers’ sightholder affiliate in fake jewellery row

KGK has opened a factory in Gaborone and will be announced as a new Botswana Sightholder next month
KGK has opened a factory in Gaborone and will be announced as a new Botswana Sightholder next month

The jewellery arm of a De Beers Sightholder group, KGK Diamond Group, has been dragged before a New York court on charges of selling fake jewellery, fake gemstones, undisclosed synthetic diamonds and overstated gold.

KGK Jewellery vehemently denies the accusations. KGK Diamond Group, which is one of the largest diamond manufacturers and Jewellers in the world, recently opened a factory in Botswana after being selected by De Beers as one of the new Botswana sightholders for the 2015-18 selling period.

According to court papers filed before the Supreme Court of the State of New York, Madison Avenue Diamonds, a retail jewellery company licensed by Ivanka Trump, the daughter of billionaire Donald Trump, to manufacture and market the Ivanka Trump Diamond Collection, is accusing KGK Jewellery of supplying fake jewellery to the retail company.

Editor's Comment
Implement the recommendations Mr. President

The nation is eagerly awaiting this report to have a glimpse of what the recommendations are like, possibly for further debate. Mr. President, it’s our ardent hope that true to your promises, the public will have an opportunity to peruse the report and see if it reflects their interests as the Commission went around the length and breadth of the country collecting views of the people with some choosing to write to the Commission’s...

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