This is a great read I recommend everyone to check out: http://www.diamonds.net/HonestDiamonds/Resources/Special_Report_Honest_Grading_1.pdf
View the video here: http://www.diamonds.net/HonestDiamonds/
The gist of the article:
1. Recognize that it is an unfair trade practice to sell diamonds using GIA terminology while applying alternative grading standards that overstate the quality of a diamond.
2. Define over-graded diamonds as diamonds graded using GIA terminology that, when verified by the GIA, are more than one color or one clarity grade lower than the original grade.
3. Make suppliers responsible for what they sell. Require sellers to provide a full refund in the event that they sell over-graded diamonds. Failure to provide the refund, or the continued sale of over-graded diamonds, should result in the member’s suspension.
View the video here: http://www.diamonds.net/HonestDiamonds/
The gist of the article:
1. Recognize that it is an unfair trade practice to sell diamonds using GIA terminology while applying alternative grading standards that overstate the quality of a diamond.
2. Define over-graded diamonds as diamonds graded using GIA terminology that, when verified by the GIA, are more than one color or one clarity grade lower than the original grade.
3. Make suppliers responsible for what they sell. Require sellers to provide a full refund in the event that they sell over-graded diamonds. Failure to provide the refund, or the continued sale of over-graded diamonds, should result in the member’s suspension.
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