Has anyone heard of the new sealing that EGL is going to use to protect their stones against fraud? If so, how would this work? Sounds like it would be an interesting process.
All I know is the press release: "EGL in Israel is purchasing a new system that will allow it to seal diamonds it receives for grading in clear polyester. The seal will carry a sticker with the certificate''s details. The company says the new system provides an assurance that the graded diamond has not been replaced."
You can bet we will see a lot of these stones here in Europe. Over here, sealing diamonds is a very common practice... The two main labs, IGI and HRD do offer a sealing service, and I think EGL antwerp
When you seal a properly graded stone it is all well and good. When you seal a poorly graded diamond just to prevent checking on the grade, then it is indeed a step backward. Sealing can prevent fraud, but not if the fraud is in the original grading.
If a lab grades badly, then a seal is worthless. What EGL Israel does or doesn''t do has little effect on their credibility among dealers.
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