OK, but you can get a similar diamond that is GIA/AGS graded from a PS vendor for a similar price, with a 30 day return period and the confidence that they will still be in business to take care of you down the road. The 50 plus 15 equalling everyday pricing from another vendor means they were just way overpriced to begin with.
A little of both. A diamond with a GIA grading report may be able to be sold later for 50% of it's original retail value (yes, diamonds are NOT a good investment), while one with a report from a "lesser" lab will only be able to be resold for maybe 30% or so of retail. This is a result of the second part. GIA really sets the standard for grading color and clarity. Since this is done by human eyes, it can be somewhat subjective. There are many cases of diamonds graded by one lab being submitted to GIA and receiving a color or clarity grade up to two levels worse. For instance, if you purchased a stone that was claimed to be a G VS2 and paid that price, then submitted it to GIA and it came back as a I SI1, you have drastically reduced its value. What happens is that the marketplace takes this into consideration when pricing diamonds and will price a G VS2 from a lab with a poor reputation similary to a I SI1 from GIA.
You are welcome. Unfortunately, that attitude comes out from a lot of retailers. If they were that confident in their goods, it wouldn''t be an issue to submit the diamonds to GIA for reliable grading and pass the cost on to the consumers.
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