EGL certifications

[Lady Lulu]

Why does it seem like diamonds with an EGL cert. are priced less than GIA? Should one be more "careful" in considering an EGL graded stone? What''s the deal??

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[JulieN]

http://diamonds.pricescope.com/labs.asp

 

[jaz464]

Yes you should be more careful. If I were to buy an EGL graded diamond, I would make sure to have it independently appraised during a return period. EGL is known to exaggerate their grades at times. So a diamond graded an F could be a G or an H. These diamonds can be great values if you check out the diamond carefully however. Look for EGL USA as they seem to be more accurate than other EGL labs.

 

[Richard Sherwood]

From my experience and as a general rule-of-thumb, if you''ll figure EGL-USA as being one grade optimistic on the color, and EGL-Europe as being one grade optimistic on both the color and clarity, then you''ll probably be in the correct neighborhood as far as pricing is concerned. Then be sure to have a right of return period in which you get it checked out by an appraiser.

Here''s how to figure EGL-Israel: Throw it (the cert) in the trash.

 

[ephemery1]

Just wanted to add: I recently purchased a 1.51ct oval diamond with an EGL cert, after the vendor talked to the owner and was told it was a "gorgeous" stone with minimal bowtie. Color was listed as F, clarity SI1... we had it sent to D.Atlas (appraisers), and Chris DiCamillo verified that it was in fact a true F, and eyeclean SI1... cut grade 1A for ovals. I believe it is an Israel EGL, as it is a 10-digit number on the cert, and EGL''s website states those are from Israel. So it seems there are some deals to be had with an EGL cert, if you know what you are looking for and are willing to have it independently appraised before purchasing. It was certified recently (April I believe)... so perhaps their standards are improving?

 

[Lorelei]

I agree there are definitely some deals to be had with EGL USA ( I have a great EGL certed diamond) but as you say Ephemery you need to know what to look for and the appraisal is a great move!

 

[Modified Brilliant]

I agree with Richard on most of the issues that he raised regarding EGL. Yes...it is prudent to adjust downward one grade for color. It can be frustrating for appraisers to see misgraded diamonds and reports with no real consistency. A consumer must buy the "diamond" and not the "paper." And take the time to have your diamond independently appraised for quality and value.

www.metrojewelryappraisers.com