Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1991
Convictions of Jacques and Pierre Chaumet
The brothers who led the company were convicted of fraudulent bankruptcy, breach of trust and illegal banking activities involving high-interest accounts. Their sentences were later reduced on appeal.
1987
Chaumet bankruptcy
Chaumet collapsed financially after losses associated with diamond purchasing and resale, compounded by a worldwide decline in diamond prices.