Jewelersalert.com Warns Trade of Developing Scam.

A company by the name of Diamond Brokers International has been calling diamond wholesalers requesting to buy diamonds and offering to pay by bank wire, claiming the amount is small and there is no need for credit references, according to JewelersAlert.com.

 The company then requests the wholesaler to fax their bank information for the bank transfer, exposing their account name, routing number and bank account number.  While there have not been any reports of monies taken from these accounts, many feel their accounts have been compromised and have called their banks to monitor their accounts.

Trade members are encouraged to read and share information regarding this scam by signing up for a free account to www.JewelersAlert.com.