De Beers� sightholder affiliate in fake jewellery row :: Mmegi Online

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.

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