We expose the honesty gaps in the diamond And jewelry industry
September 25th, 2019
You have just bought a diamond that is uncertified because you were told that it would be cheaper than getting one with a certificate. You have just taken a huge risk!
RISK #1: You may have actually bought a lab grown diamond and not a natural one as you had assumed and you may have paid way too much. Lab grown diamonds are real diamonds grown in the laboratory and because they can keep growing them unlimitedly the value of the diamond is less than half the value of natural one even if it is accurately graded. It is impossible to discern a lab grown diamond from a natural one and you need very expensive testing equipment to verify it, which most jewelers would not have. Ethically, Lab Grown diamonds have to be disclosed at point of sale but unscrupulous seller will not do that. It is illegal to not disclose lab grown diamonds. Lab grown diamonds are readily available, making it a huge risk buying uncerted diamonds. If you are dealing with a highly reputable jeweler they will work within a framework and a chain of legal responsibility to assure you that a diamond is natural in origin. However, buying from Craigslist or Ebay certainly creates a much greater risk.
RISK #2: The diamond is natural but mis-graded, it is a much lower grade than you were told it was which makes it a much lower value. We have seen diamonds sold without certificates at the wholesale trade show at the Blaisedell that were 8 grades off of what they were sold as.
The actual grade of a diamond will determine its value and to feel confident with what you bought it is best to buy one that is certified. We would recommend GIA and AGS for natural diamonds and IGI for lab grown diamonds. Unfortunately all others should be viewed with a bit of suspicion as to its accuracy. The following story is an example of the problem.
Melissa walked into our store a while back and asked if we could grade her diamond. We did and it turned out to be 3 grades lower than what it was sold as. She told us that we were the third place that gave her a grading that was lower. She began to explain her situation. She had done enough research to know that GIA is an accurate grading company and had specifically asked for GIA graded stones to purchase. She was assured several times that the diamonds that she viewed were GIA graded. She bought one and when she went to pick up the mounted ring asked for the GIA certificate only to be told that there was none. She said that she had specifically asked for GIA graded diamonds and since this was not one can she have her money back. She was told no, that all sales were final.
She sent her diamond to GIA to get it graded and it came back three grades lower than what she bought it for. She then went to Consumer Affairs to find out if she could do anything about her circumstances. She was told that she does have a case but will have to take him to court. He wedding was just two months away and she did not have extra money to hire a lawyer or the time in case of not getting it resolved before her wedding and she did not want to be without a ring so she kept it. Suffice to say she was not happy. Not a way to spend one of the happiest days of your life!
As a knowledgeable professional I would NEVER ever buy and uncerted diamond from unknown sources. There is just too much risk in doing that. We would not recommend purchasing any diamond that does not have a certificate. In other words if you do not want to be ripped off then rely only on GIA or AGS graded diamonds and IGI for lab grown diamonds. Also make sure that the diamond also matches the certificate, and find someone that can help you assess the cut of the diamond. Do this and you can enjoy and have peace of mind for your purchase.
These are the GIA, AGS and IGI certificates.
4/25/2022 08:52:03 pm
Nice Blog ! We at The Art of Jewels have a proud diamond and jewelry design tradition of three generations. Throughout the years, we established an unquestionable, reliable reputation with our clients. In 1990, our founder relocated to the cosmopolitan city of San Francisco, California, and opened one of the largest diamond and jewelry emporiums in Northern California.
10/10/2022 09:07:05 pm
Thanks for sharing such great information. It is really helpful to me. I always search to read the quality content and finally I found your post. Keep it up, keep posting!
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“Visions of Beauty” is a video blog featuring customer directed custom designs ranging from the sublime to definitely ornate. It could be modern, vintage, classical, free form or anything else one desires. Customers bring to the table, pictures, sketches or ideas of what they want. With a good understanding of what they desire computer renderings are done for them to see if we understand their wishes. If the renderings are not right in their perceptions adjustments are made until they are satisfied. A wax model is then produced from the renderings which then show the exact size, height and width the ring will end up to be. If the wax is accepted then it is used to make the casting from which it is then finished and the diamonds are set. These are videos of the finished product. Each ring is exquisitely crafted to express the personality of the owner in creating their dream ring. Consider making yours today!
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