Lazare Kaplan

Lazare Kaplan was a prominent diamond company founded in the 1950s that specialized in manufacturing high-quality, precision-cut diamonds. It was known for using innovative techniques to produce flawless gems with consistent quality. However, the company's reputation was marred in the early 2000s when it was involved in a major scandal: allegations of financial fraud and misrepresentation, which led to legal investigations and bankruptcy. The case highlighted issues of corporate ethics and transparency within the gemstone industry, and Lazare Kaplan remains a notable example of how reputable companies can be affected by financial misconduct.