Diamond supply firm, aluminium diamond plate supplier facing fines

The supply company of an aluminium diamond that was allegedly used to make the ring of the Pope’s cousin has admitted it failed to follow “good manufacturing practice” and has paid a fine of more than $200,000 to the Vatican.

The Diamond Supply Co Ltd (DSCL) was at the centre of a media storm after the company admitted it sold a diamond plate to a businessman who used it to make a ring.

The fine, announced by the Vatican on Friday, was the result of a complaint filed against the company by a person who was also a director of the business.

The company said it would pay the fine to the complainant, who was a director in the company and who has now moved on from the business and is no longer involved in it.DSCLP also agreed to pay the respondent a “comprehensive” investigation by the Congregation for Ecclesiastical Law and a fine up to $500,000.

It has also agreed not to engage in any other business with the company for at least five years, said the Vatican statement.

“The company was also obliged to pay to the respondent the necessary compensation, in accordance with the law,” it added.

The offending diamond plate was made in 2009 by a businessman from the Philippines.

It was allegedly intended to be used to produce the ring.

In a statement to the Irish Times, DSCL said the plate had been made for a person with the name of Cardinal Angelo Amoris, a close friend of the pontiff.

However, it said it was not aware of the name and that “the plate is not the real one”.

“This plate was a fake and is a product of an illegitimate activity,” it said.

“This fraudulent activity was carried out by a third party, which has been sanctioned by the Holy See.”

The Vatican said the complainant had contacted the company to complain about the use of the plate.

“The company is investigating this matter and will take action according to the law.

DSCLP will not be able to sell or transfer the plate to anyone else,” it concluded.”DSC LP is a global supply and distribution company providing supply and retail services in the global aluminium industry, with an international presence in all continents and regions.”

The complainant, a former employee, said he received the plate as a gift from a friend of his father.

“I received it as a kind of Christmas present from my father in 2010,” he told the Irish Examiner.

“I thought it was a gift for the Pope, but I didn’t realise it was something that was a part of my business.”

When I received it I was shocked, it was an aluminium plate, and I thought it would be a good thing.

“My dad had a company, and the plates were meant to be sold to the highest bidder.”

There was no way that I could have done it.