Monday, March 7th, 2011 — Two New York City diamond dealers have been convicted of staging a phony heist in hopes of claiming $7 million in insurance to save their failing business. A judge delivered his verdict Friday at the trial of Mahaveer Kankariya (kahn-kahr-EE’-yah) and Atul Shah. The jewelers’ lawyers asserted the New Year’s Eve 2008 incident at Dialite Imports was a real robbery.