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Should I pay for a GIA cert?

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CatKids4

Rough_Rock
Joined
Apr 29, 2019
Messages
4
I'm purchasing a 1.68 K SI2 Old Mine cut with an EGL certificate. The seller is asking if I'd like them to send it to GIA before sending it to me. Do you think it's worth it to get the GIA certificate? It won't affect the price of the stone. The certification costs between $99-130 depending on which report I want. All thoughts appreciated. Thank you!
 
I think it’s worth it if you would consider reselling the stone in the future. You might as well get it certified by GIA now while it’s loose.

Also, I know you said it won’t affect the price but would it sway you at all in purchasing the stone in the first place and not going through with the sale if it came back as GIA M I1?
 
Thanks for your response! I'm expecting it to come back lower because EGL ratings aren’t as consistent as GIA, so the results alone wouldn't change my mind.

I just won't know for certain that I'm even keeping the stone until I see it in person, since it had an evaluation period, which is what's making me hesitate. I'm potentially paying for a certificate on a stone that I won't keep.
 
AllAboardTheBlingTrain said:
Why not send it to GIA yourself later in that case, if it matters to you? Evaluate it first and see if you’re happy with it, and if you are, send it off to GIA once you’re sure you want to keep it (if you want it certed).
Click to expand...

But what if (after buying it for this known price) GIA grades is so much lower that the priced paid was not justified?
Seller is stuck with a stone they overpaid for.

IMO that's the problem with posters who give out the, "All that matters is if you like it." advice.
That's fine for people who do not care that they were lied to and got ripped off.
 
kenny said:
But what if (after buying it for this known price) GIA grades is so much lower that the priced paid was not justified?
Seller is stuck with a stone they overpaid for.

IMO that's the problem with posters who give out the, "All that matters is if you like it." advice.
That's fine for people who do not care that they were lied to and got ripped off.
Click to expand...

My point was if the price is acceptable to the buyer for the stone they have bought, then the GIA cert doesn't really change matters. In this case the seller isn't going to reduce the price anyway. I assumed this means the buyer is okay to purchase it even if it comes back as M I1 or even lower, O I2 or something.

GIA cert is good for insurance purposes, or resale purposes. It's not really necessary if its a stone the purchaser plans to just keep, since its not being used to set the price in this transaction.
 
Yes before buying it I would want to see the GIA cert. EGL notoriously over grades. I would want to know if what I am paying is fair and for me that would mean getting a GIA cert. That is what I would do. In my mind, the question is, is the price fair? I might love the stone but I do not want to over pay.
 
Thank you for all your thoughts. You brought up all the factors I was considering on whether it was worth it.

I decided to go ahead and have the report done now so I can make a truly informed decision on the purchase.

Thank you everyone for your help.
 
@CatKids4 , I think that approach makes sense.

I'm sure the folks here would appreciate it if you came back and posted the results of the GIA report and photos of the diamond. Which EGL lab was the original report done by?
 
@Texas Leaguer I will certainly do so once the report is back. The estimated processing time was 2 weeks, so I'm still waiting for the results. EGL USA was the original lab.
 
CatKids4 said:
@Texas Leaguer I will certainly do so once the report is back. The estimated processing time was 2 weeks, so I'm still waiting for the results. EGL USA was the original lab.
Click to expand...

That's good. EGL USA has the best reputation of all the EGL labs for grading accuracy.
 
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