Lab Reports

[victorianblue]

When a Diamond has been evaluated by a Lab such as GIA or AGS etc..., are the Reports to go with the party who has control or ownershipe of the diamond? ie: Party buys diamond & returns diamond or decides to trade up or sell it to another party.

 

[strmrdr]

The report goes with the diamond when ownership is changed or the price of the diamond drops considerable or a new report will have to be paid for by someone.

Uncerted diamonds in some sizes are basicaly unsalable and some places wouldnt sell them if they were.
A cert is protection for the client as well as the vendor.

 

[WinkHPD]

Right you are! The new buyer will almost always want to confirm the stone and the cert match, either by looking with a loupe or hiring a gemologist/appraiser, depending on their level of expertise, and the cert is ALWAYS supposed to stay with the stone on sale.

I have a bunch of certs here in my office that local clients have never bothered to pick up, but I have never sold an internet sale without the cert except on stones under 1/2 carat.

Wink

 

[victorianblue]

Thanks for the info.!!! That is what I understood how it worked. Have you ever heard of a jeweler/seller/vendor(I'm not speaking about the Pricescope family here) refusing to accept a verified GIA Lab report when a diamond is being returned?

 

[WinkHPD]

No, but tell us what you mean by verified report and the circumstances, something sounds not copacetic here...

Wink

 

[victorianblue]

This issue I have is that I was involved in a less than pleasant transaction with a retail jewelery chain. (please refer to original post dated 06/02 titled "would appreciate input re already purchased diamond".

Is was agreed by the manager of the store as well as customer support that I would be reimbursed for the GIA Report ($550.00).

The diamond was returned to the seller today after repeated unsucessful attempts to mediate the issue.

Per their lips, Because I will not accept their offer to pay almost $19,000 for a extremely hard to find replacement diamond they insist retails for over $34,000,they will no honor the offer of reimbursment of the $550.00. Nor will they accept the GIA report to go with the diamond that was returned.

The money issue will work itself out at some juncture--but I was puzzled as to why the GIA report would not remain with who has control or ownership of the diamond.

Interestingly, the diamond they offered me is listed on pricescope for $10,691. Now you must know they told me that the deal they were offering was a way to say thank you for all the misfortunes they have put me through--gotta have a little humor to get through this mess

 

[victorianblue]

By the way, the diamond was not what would be considered rare or HTF

 

[Rank Amateur]

They don't want the lab report because it they probably are trying to sell it as a better stone than it really is!

Maybe they graded it in-house and it's a F VS2 but it came back from GIA as a G SI2. Do you have the original info?

 

[valeria101]

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On 6/26/2004 8:30:41 AM Rank Amateur wrote:


They don't want the lab report because ...

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I suppose they could get the report and burn it, but they would not reinburse the certification cost.

Just curious: who charged it?