Description

My father was targeted in a diamond resale scam involving a company called C Diamonds, which claims to be based in Ontario, Canada. He owns GIA-certified colored diamond jewelry that he originally purchased through Adorian Assets, a legitimate but controversial investment diamond company. Recently, a representative from C Diamonds contacted him claiming to have a buyer ready to purchase his diamond jewelry for $456,000 USD. They sent multiple documents, including a “Confidential Information Agreement,” an invoice, and bank wire instructions, all formatted unprofessionally and containing inconsistencies. The deal required him to pay a “refundable bond” of $45,600 USD (10% of the payout) in advance, with the promise that it would be returned upon closing the sale. The company uses inconsistent names and addresses across documents (e.g., "C Diamonds," "CDIAMONDS," and “10190667 Canada Inc.”), and the supposed purchase agreement and invoice lack legal clarity or verification. The invoice listed a clearly fake phone number and poor formatting (e.g., "ACCOUNNT" misspelled), and the bank beneficiary was a numbered company unrelated to "C Diamonds." Upon further investigation, we found that: C Diamonds has no verified business registration, online presence, or customer reviews. The listed addresses are inconsistent or fictitious (e.g., “Katana, Ontario” — which does not exist). The structure of the offer matches common advance-fee fraud patterns. Adorian Assets “vouched” for C Diamonds, claiming that other clients had sold diamonds through them successfully, but provided no verifiable proof of such transactions. Fortunately, no money was sent, and we are submitting this report to help prevent others from being exploited by this scheme.