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Is it ethically alright to sell a diamond as a G color when the color is really an N? What if the G was really an I color? Is it alright to sell a diamond as a VS2 clarity when the clarity is really an SI2?
Shockingly, many people in the diamond and jewelry industries feel that it is fine to use third-party diamond grading reports to overstate the color and clarity of the diamonds they sell. They accomplish this this by simply offering you diamonds with EGL or other over-graded diamond laboratory reports.
Consumers should avoid diamonds with EGL reports and only trust diamond grading certificates issued by GIA and AGS. Do not be fooled. - read this.