Norman Keith Monteau American International Gemologists Supplied fraudulent appraisal reports to Auction companies for jewlery. Woodland Hills, California
Auctions in local communities nationwide are held with public given appraisal reports listing items for retail value listed at twenty to fifty times what legit jewlers and appraisers list. All information on the report is true. The jewels are the genuine article. The gems and stones, and even the quality of the settings are so poor, that one independent appraiser said the diamonds barely would have been above an "industrial", grade. The gem stones were worth more than plastic costume jewelry because they were actually real. A sapphire and diamond bracelet appraised by AIG to be valued at $15,900.00, was appraised by 3 seperate jewelers, at 3 seperate locations. All three valued the bracelet within $50.00 at no more than $700.00.
This seems to be an on-going scam. After researching the company on the web, similar reports covering everything from pearls to diamonds, have been made by hundreds of individuals across the country.