Overview

• The BBC programme features former staff and investors alleging staged store activity and a manufactured image of success to solicit fresh funding.
• Filings reported more than £100 million of 2021 sales, yet internal figures cited by Panorama put the true takings at about £5 million.
• Gem stock previously presented to investors as worth £157 million was revalued at around £100,000 after the company’s April 2023 collapse, with creditor claims near £170 million.
• A former gemologist alleged customers received smaller or lower‑quality diamonds than paid for, and ex-staff claimed certification numbers were altered.
• Founder Vashi Dominguez left the UK and has not been found; the Met says it has received no referral and the SFO has not opened a probe, while the accountant who signed valuations says he does not know where the missing money is.