GIA, AGS, EGL ... accuracy, allowances and adjustments

[WinkHPD]

Date: 9/20/2008 1:31:11 PM
Author: strmrdr
On the consumer side it sometimes comes down to not supporting the behavior of the lab even if the price is right for the actual color clarity and cut.
Even if I took Neil, Richard and Dave with me shopping and had them tell me what a IGI graded diamond actually was and what it was really worth I would not buy it.
Questionable grading and most of all the inflated values they put on ''appraisal'' reports are not actions on the part of a lab that I can support with my money.

Sigh, if only the majority of retail buyers were as cognizant of the facts as you are. Sadly, they are fresh meat for the fraudulant certs and the apparent good deals that they are getting when they are in fact being skewered by the twin rapiers of greed and ignorance.

Wink

 

[EmeraldCutQuest]

Question for you diamond experts and industry practitioners (disclaimer: I am neither):

Is it a general practice, or could it be financially desirable, for a merchant/cutter to send the same diamond to TWO labs (say, GIA and EGL-I) and chose the report that best suits his/her business needs, while making the other report ''dissapear''?

--ECQ. (no longer)

 

[WinkHPD]

Date: 9/21/2008 1:20:39 AM
Author: EmeraldCutQuest
Question for you diamond experts and industry practitioners (disclaimer: I am neither):

Is it a general practice, or could it be financially desirable, for a merchant/cutter to send the same diamond to TWO labs (say, GIA and EGL-I) and chose the report that best suits his/her business needs, while making the other report ''dissapear''?

--ECQ. (no longer)

It happens frequently.

Wink

 

[strmrdr]

Date: 9/21/2008 1:20:39 AM
Author: EmeraldCutQuest
Question for you diamond experts and industry practitioners (disclaimer: I am neither):


Is it a general practice, or could it be financially desirable, for a merchant/cutter to send the same diamond to TWO labs (say, GIA and EGL-I) and chose the report that best suits his/her business needs, while making the other report ''dissapear''?


--ECQ. (no longer)

sort of...
many labs(maybe all) will give them the grade and if they decide not to get the report charge a reduced fee so the report is never printed.

 

[denverappraiser]

Date: 9/21/2008 10:50:22 AM
Author: strmrdr

Date: 9/21/2008 1:20:39 AM

Author: EmeraldCutQuest

Question for you diamond experts and industry practitioners (disclaimer: I am neither):



Is it a general practice, or could it be financially desirable, for a merchant/cutter to send the same diamond to TWO labs (say, GIA and EGL-I) and chose the report that best suits his/her business needs, while making the other report ''dissapear''?



--ECQ. (no longer)

sort of...

many labs(maybe all) will give them the grade and if they decide not to get the report charge a reduced fee so the report is never printed.

GIA won’t do this but many other labs will. This is the #1 reason dealers opt NOT to get a girdle inscription of the report number at the time of inspection by the way.

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver