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- Aug 4, 2008
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- 15,695
http://www.idexonline.com/portal_FullEditorial.asp
"Of all the unlikely sources, two local TV stations in the US may shake people out of their slumber, as Rob Bates reports. They reported on an age-old scam that too many took part in – selling low quality diamonds as high quality goods. The scam is simple: buy low-cost diamonds and have them graded by a lab that has, let’s call it “different” grading standards. What the GIA or AGS may grade as an “I” clarity would get an SI or even a VS2 at such a lab. The difference in price between an I clarity and a VS clarity is hundreds, if not thousands of dollars – depending on the size of the diamond. Combined with how much the diamond’s color gets “upgraded” too, and a consumer will pay much, much more than they should. Now that is personal. "
"Of all the unlikely sources, two local TV stations in the US may shake people out of their slumber, as Rob Bates reports. They reported on an age-old scam that too many took part in – selling low quality diamonds as high quality goods. The scam is simple: buy low-cost diamonds and have them graded by a lab that has, let’s call it “different” grading standards. What the GIA or AGS may grade as an “I” clarity would get an SI or even a VS2 at such a lab. The difference in price between an I clarity and a VS clarity is hundreds, if not thousands of dollars – depending on the size of the diamond. Combined with how much the diamond’s color gets “upgraded” too, and a consumer will pay much, much more than they should. Now that is personal. "
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