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Report: #1536116

Complaint Review: Guidhall Diamonds Investments - Markham Ontario

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  • Reported By: david — MOUNT BRYDGES Canada
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  • Guidhall Diamonds Investments 100 Allstate Parkway Suite 301 Markham, Ontario Canada

guidhall diamonds investments inc paul wiseman i bought 12 natural coloured diamonds from and paid 276000 plus 13% sales tax and sold for a 163000 loss and this my life savings markham ontario

*General Comment: Seriously?

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i watched the real money show in 2009 and justim brown called me up to invest in diamonds and paul wiseman came to my place where i was living in toronto and showed his diamonds and i bought 2 by justin brown and later i bought 10 more by darren v long at their office i markham ontario and i was told the diamonds are risk free and the diamonds are 100% guaranteed and i can get my money back at anytime and later on i was told there is only a 50% guaranteed for your money back and i sold 6 diamonds in 2024 for 50% loss and late i sold 6 more diamonds in london ontario for only 25000 and i paid 119000 for those 6 diamonds and i could no longer drive to markman from mount bridges ontario and i sold one diamond at gardner galleries for only 5130 and sold the other 5 to kevin t endo at endo jewellers for 20000 and they are at 713 richmond st london ontario and his mobile number is 519-859- 3636 his office number is 519-642-3247 kevin@endojewellers.com www.endojewellers.com

This report was posted on Ripoff Report on 02/17/2025 11:44 AM and is a permanent record located here: https://www.ripoffreport.com/report/guidhall-diamonds-investments/markham-ontario-paul-wiseman-1536116. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 General Comment

Seriously?

AUTHOR: Flint - (United States)

POSTED: Wednesday, February 26, 2025

 First, there is no such thing as a risk free investment. Anyone who claims to have one is a scammer. Seriously, if you somehow had 6 figures to invest, you would think you would at least know that. Second, I have no idea why you would think that diamonds are an investment. They are raw materials for making jewelry, sold to you at a huge markup. They are difficult to even sell outside of the normal channels. Jewelers aren't going to pay much for something with an unknown history and chain of custody. Gold is at least fungible. Diamonds are one of a kind, so there is not much of a secondary market for them except at fire sale prices. Third, the lab grown diamonds have decimated the market for mined ones. You can get massive stones for like $10k. Why someone would pay $30k for some tiny 1ct stone is beyond me when you can get 10 carats for the same price. People buy them to wear, not to frame the GIA certificate and hang it on their wall.

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