Global Royalties Lost a Lot of Money with this company, do not trust them Mississauga Ontario

Ron,

I am not sure how we can communicate offline?  Obviously we don't want to post email addresses or phone numbers.  I would be nice if you could PM through ripoffreport.

In the meantime you should register on http://www.complaintsboard.com/complaints/global-royalties-limited-mississauga-ontario-c393380.html#1516661

It is another website with similar complaints about Global.  Maybe if we can get enough people together we could start something.  Maybe someone could start up a facebook site and we could PM that way?

I would hope we could take legal action. The owner of the company is Brandon Hall. We need to group together on this. 

Is there any way you can contact me.

I have purchased a number of stones over the last two years.  Really, really wish I had done some research.  I did check out the BBB and Global Royalties had an 'A' rating.  Not sure how that happened.  Anyways, I wanted to sell two of my stones so I contacted them in September.  I was given the run around that they were being put up at auction.  Two months later, nothing.  So I called today (Nov 12/14).  Phone number is not active.  Website is under construction.  I have filled a BBB complaint.  Interesting thing is a few years ago Global Royalties actually sued RipOffReport for defamation.  Lol. 

Have a read of the following link:  http://www.crimes-of-persuasion.com/Crimes/Telemarketing/Outbound/Major/Investments/gemstones.htm

I am wondering if we could possibly conjure up a gathering of their clients and file a lawsuit against them.

Is there some way we can pass messages back and forward? 

I am starting to wondering if Global Royalties has actually been around since 1972?

I think legal action should be taken against Global Royaltes.  Is there any way you can contact me. 

The exact same thing happened to me with Global Royalties nearly four years ago.  David Brooks contacted me peaking my interest in purchasing a sapphire from GRL at relatively small investment around $3500.  In a couple months he called back and asked if I would be interested in purchasing a stronger position in the "red hot" emerald market and that the value of my sapphire had appreciated dramatically in that time, which agreed to do.  Another few months later, another company representative by the name of Danny Matar called me telling me that if I "upped" my position to larger emerald he could assist me with a "quicker" much more profitable sale of the gemstone in auctions that he routinely attended in the Middle East.

Everything went south from there.  I purchased a larger emerald 4 carat + in around the $35,000 mark, and prepared to move it in a timely matter.  Soon after this Danny Matar's ties to the company were "severed" and my representative was replaced by a guy by the name of William Brown.  Nice guy, tried to smooth things over as best as he could, but the reality was I was lied to and lead to believe by a number of the GRL representatives including the company's owner, that things were a lot more lucative than what they really were.

To top things off, Danny Matar contacted me out of the blue one day asking me if I still owned my emerald.  I thought my prayers were answered, as I had developed a fairly good relationship with him during the time he "worked for" GRL.  He told me that he had moved on doing much the same thing, buying, selling emeralds in the Middle East similar to what he had done with the company before.  He said GRL had no interest in selling my gemstone for me as they use it as assets to purchase more gemstone to sell overpriced to more suckers, or I mean customers.

Now with the ex-employee "working for my best interest", I thought I would be out of this debacle in no time at all.  Wrong answer!!  Danny Matar told me he would have to get the emerald in a jewellry setting prior to sale, as it was the best way for me to insure that I returned the best money for my gemstone.  With that I agreed to purchase the setting for the emerald and get the ball rolling.

The setting cost $11,000 of which I sent the money to Danny Matar.  Suddenly communication between him and I ceased to exist.  I have been spending the past year and a half trying to track down this individual whom I learned his name is actually Dikran or Diko Khatcherian to get my money back.  I will someday, one way or another.

Since then I have just started receiving calls from interested parties to sell my gemstone for me after Global Royalties sold their client list to who knows who.  So much for their client confidentilality agreement.   But at this point I have no idea who I would ever be able to trust after my first, and last gemstone investment.

I tried calling Global Royalties today (905) 890-3000 after emailing William Brown a couple times with no reponsed, however only received a busy signal at this number.  Their toll free number has been disconnected (866) 296-8429.

I am sure there are some good reputable people that exist in this industry, however I have yet to find them.  If someone, contacts you out of the blue asking about buying gemstones, diamonds, etc., do your due diligence before sending them a single penny.  Also, they tend to move around unknowingly, have alias', and pop up with new businesses all the time.  Many of them are professional crooks, and they are good at parting you from your hard earned money.