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​EGL USA Is Not the Subject of Forthcoming Class-Action Lawsuit --
Retailers Will Not Be Targeted for Selling Diamonds with EGL USA Reports
 
New York, NY— December 18, 2014 — In response to National Jeweler's report that a class-action lawsuit will charge EGL International with systematically overgrading diamonds and “major retailers” for knowingly selling those diamonds, EGL USA and an attorney in the case have reiterated that this lawsuit is completely unrelated to EGL USA and EGL USA gemological reports.


Mitch Jakubovic, director of EGL USA said, “Recently, National Jeweler published an article announcing that a lawsuit will be filed against EGL International and some 'major retailers.' Like all news about EGL International, this announcement has nothing to do with EGL USA. It also has nothing to do with EGL USA reports. Retailers will not be targeted for selling diamonds with EGL USA reports.”


Jakubovic continued, “There is no connection between EGL USA and EGL International, or between EGL USA and any other EGL overseas entity. EGL USA is a completely different company with a completely different character. We are committed to safeguarding our legacy of nearly four decades of exceptional gemological analyses. And we will continue to protect our reputation and the interests of our customers.”


Brian Cummings, Esq., co-counsel for the plaintiffs against EGL International, reinforced the facts, “EGL USA is absolutely not part of the forthcoming class-action suit against EGL International. On the contrary, from our research EGL USA has a strong reputation in the diamond and gemstone industry, and from a legal standpoint has done everything possible to distance itself from EGL International. It would be grossly unfair for anyone to confuse the two laboratories or their reports. They are completely distinct.”

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EGL USA Responds to Turmoil in EGL International Network
 
New York, NY — December 5, 2014 — In response to announcements of EGL International's closing and the reorganization of the overseas EGL network, Yaakov Tversky, director of EGL USA, released the following statement.


“Recently, EGL's overseas laboratories announced plans to close and/or reorganize. This is a big news story. But it has nothing to do with EGL USA. We are not part of EGL International or any other EGL overseas entities, and we will never be part of their proposed network.


“We are not them.


“EGL USA supports genuine gemology — GIA grading standards applied by GIA- and FGA-trained gemologists using GIA-graded master stones and state-of-the-art equipment.


“Flights of fancy like ‘face-up grading' and made-to-order standards have no place in gemology.


“Simply put, the tactics of EGL International and its network have hurt our industry. And EGL USA has been fighting against these tactics and these labs for over a decade. We have done this in federal court, the US Patent and Trademark Office, the Bureau of Customs and Border Protection, and even the press. But, more importantly, we have done this by providing hundreds of thousands of accurate, consistent gemological reports for nearly 40 years.
 

“The only thing that EGL USA is announcing this week is our continuing commitment to exceptional gemological science and service. For EGL USA, that's business as usual.”

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The following page may be found on the EGL-USA website.
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