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DIAMONDS: Romancing the Stone; Man-made diamonds are now so perfect they stump the experts. The diamond industry is hoping nobody notices.

Newsweek International

| February 14, 2005 | Hastings, Michael | COPYRIGHT 2005 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Michael Hastings (With Henk Rossouw in Johannesburg, Joanna Chen in Jerusalem and Frank Brown and Nadya Titova in Moscow)

Leo, a balding man with an Israeli accent, stands behind a glass counter in one of the hundreds of jewelry shops on 47th Street, the heart of New York's diamond district. Leo makes his living on the strength of his ability to evaluate the authenticity and value of diamonds. He is examining three small stones, each weighing less than half a carat--one pink, one colorless and a third, slightly green, called a marquise. He picks up the pink crystal between his index and middle fingers, places it gently on the counter and peers through his ...

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