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 EGL-USA

P:  11/4/2004 5:42:53 PM  
bobsled
bobsled

Rough Rock
Total Posts: 5
Last Post: 11/11/2004
Member Since: 11/1/2004
 
What is the typical price difference for an EGL-USA certed stoned versus a GIA or AGS? There is obviously a discount -- does this mean the stone is worth any less? The stone I'm looking at is an EGL-USA cert and although it looks pretty decent, I am hesitant to buy over the internet because it's not a GIA or AGS. Should I even be worried?


 


Posted:  11/4/2004 5:42:53 PM

 There are 3 replies to this message.  There are 3 replies on this page.

P: 11/4/2004 11:20:05 PM
Regular Guy
Regular Guy

Ideal Rock
Total Posts: 5,315
Last Post: 11/20/2009
Member Since: 7/7/2004
 
Bobsled,

If you haven't already seen this recently featured study, please do take a look.

Ira (Ruffles have Ridges) Z.
____________

If you're looking for diamond shopping tips...this (along with this update) might do the trick!

however...caution: known to have been regarded as armed and dangerous…

Posted:  11/4/2004 11:20:05 PM
P: 11/5/2004 12:40:57 AM
denverappraiser
denverappraiser

Ideal Rock
Total Posts: 4,614
Last Post: 11/22/2009
Member Since: 7/21/2004
 

EGL-USA does not have the reputation for consistency the seems to be enjoyed by GIA and AGS.  This gets translated in the marketplace into a discount on stones graded by that particular lab, even if they are otherwise comparable.  There are other labs whose reports are given even less credibility and trade at even steeper discounts.  The other EGL labs seem to be in this unfortunate position.  The stone, and not the paper, should be the first and most important issue for your consideration.  If you can buy a similar stone with a different report and a better price, this is good news, not bad.  The key is to evaluate the stone on it’s own merits and use the lab reports as a guide rather than buying strictly off of the report.  In general, the best stones seem to be submitted to the most prestigious labs so that they can command a premium price but there are always exceptions to this rule.  EGL-USA reports are generally considered to be a comparatively bad indicator but they may turn out to be a flag of a bargain. The study pointed out by Regular Guy and located on the front page of Pricescope illustrates this nicely.fficeffice" />


 


Neil Beaty, GG ISA


Independent Appraisals in Denver


 

There's never a crowd when you go that extra mile.

Posted:  11/5/2004 12:40:57 AM
P: 11/5/2004 3:45:14 AM
Garry H (Cut Nut)
Garry H (Cut Nut)

Ideal Rock
Total Posts: 11,577
Last Post: 11/22/2009
Member Since: 8/16/2000
 
Well said Niel :)

But on the consistency issue - EGL USA were consistently the same as GIA, or slightly stricter on clarity. They were noticably (fairly consistently) softer on color.

But the 17 stones they graded were consistently cheaper than GIA by aout 10%!!!

Garry Holloway FGAA DipDT

HCA and Ideal-scope developer

http://www.ideal-scope.com and
http://www.HollowayDiamonds.com.au

Posted:  11/5/2004 3:45:14 AM

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