After selling sham jewelry for 16 years, culprit finally comes clean

According to National Jeweler Magazine, a 47 year old New York Jeweler, Paul Blarr, admitted to selling counterfeit jewels at his two businesses: RSNP Diamond exchange and Amherst Diamond exchange. Blarr pleaded guilty as charged with 1 count of “scheme to defraud” and 10 counts of “grand larsony.” $630,000 and 89 victims later, he now faces up to 50 years in prison. There will be further investigation into the case along with ¬†jewelry which was trusted to Barr to sell or repair being returned to the proper owners. His attorney spoke out and said that the judge recognizes his bravery for speaking out and realizing that he is not running away from the situation. The attorney also mentioned that the $630,000 could have been inflated due to using appraised values.


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