Rough Diamonds Scam!...


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The Rough Diamonds Scam
Here's an e-mail we received recently.
Like most scams and attempted frauds, it's just too good to be true.
We wonder if anybody is ever stupid or greedy enough to get caught out?
Notice there is no address shown, although there may be one in the attached "Word" file.
We reproduce it here in the hope that it may amuse and entertain you.

Good Day
It came to our understanding that you might be intereted (sic) in constant high volume rough diamond , we herewith send you details of our available inventory , as you know things move quite very fast in the rough diamond market , if you find anything of interest , please be kind to inform of any possible interest , all of the underlisted can be delivered to the USA, Europe (with the exception of UK ) Canada, and Australia.
I have likewise attach a list of our cut diamond inventory for your perusal.( Note that this list changes nearly every week)
Available Inventory :
  1. Graded 3cts of "H" , VVS-1 , Sawable and without fractures. Origin :- Africa ( Zaire and Angola )
    Total of 21,000 carats .
    Price :- US$325 per carat or 40% below CSO rate at time of Inspection.
    Delivery :- To anywhere in Europe, Australia and USA.
  2. Ungraded 4cts from "E" to "H", all VVS-2 , all are Sawable and without fractures .
    Origin : Africa ( Zaire and Angola )
    Total of 9,000 carats
    Price :- US$415 per carat or 40% below CSO rate at time of Inspection.
  3. Graded 12 carat of "H" ,VS-1 , Sawable without fractures of a total of 19,000cts .
    Price : 40% below CSO rate as at time of Inspection or US$1,400 per carat .
  4. Graded 12 carat of "H" , VVS-1, Sawable but with slight fractures , of a total of 7,500cts at 40%below CSO rate as at time of Inspection or US$875 per carat.
Awaiting your interest . Thanks .
(Unsigned) Tina Anderson
(Attached Microsoft Word Document)

Offer #1 is for about $63 Million worth (at wholesale) for $6,8 Million
Offer #2 is for about $40 Million worth (at wholesale) for $3.7 Million
Offer #3 is for about $114 Million worth (at wholesale) for $26,6 Million
Offer #4 is for about $60 Million worth (at wholesale) for $6,5 Million
Making the total 56,500 carats (over 11 kilos) $277 Million worth for only $43.6 Million.

Apart from other obvious things, we would estimate that offers #3 and #4, for a total of 26,500 carats of 12 carat rough probably exceeds the quantity of this size ever mined.
In our calculation above, we have estimated that the recovery rate from rough to polished would be 50%, we have used Rapaport listings which usually get discounted by 10 to 50%, and we have ignored polishing costs.
Even after accounting for these factors, there would be $140 Million available from a $43.6 investment. Lets say polishing cost about $6 Million, that leaves a $90 Million profit, even paying their full asking price.



...Very Strongly!

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