Should I Recertify my GIA M color for an EGL???

[diamondbuilders]

I currently have a 3.04 Round Brilliant Diamond GIA color M with an IF (internally Flawless) Clarity.

Now, this diamond is absolutely exploding with life and vibrant fire!!!

I do not feel that GIA''s color of M is accurate!

I want to sell this stone BUT with an M color is going to be tough! Even with the Flawless Clarity the color M kills this stone''s marketability!

I was thinking about resubmitting to EGL or another more liberal grading service to see what they will give me on color. Maybe I could get a J or K with the IF!

My question is, will it be worth doing this or does EGL lack something in the market that would make having an EGL cert mean even less than having a GIA cert with an M color stuck to it???

Rap sheet has M color with IF

@ $6500 per carat. I could probably get $13 or $14K right now for it but I think that as gorgeous of a diamond that THIS REALLY IS,,,, it''s worth more than this!

Please give me your thoughts on this!!

Thanks much,

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Diamondbuilder

 

[Garysax]

GIA certs carry a premium and make the diamond more expensive. EGL is known as a liberal grading company; so anybody who is buying your stone would presumably see through any color exaggeration on the EGL cert and make sure, especially given that it''s such a large stone. So at that point, you''re back to square one.

I suppose it''s possible you might get lucky and run into an uniformed buyer who doesn''t know the differences in grade between EGL and GIA? Then it could pay off? I don''t know.

 

[diamondbuilders]

Thanks Gary for the fast reply. I still dont know what to do!!

 

[diamondbuilders]

just keeping the post alive. HELP ME HERE!!!!!

 

[FireGoddess]

EGL graded stones are priced at somewhat of a discount compared to GIA graded stones, so will you fare a lot better on resale if you get a EGL grade of K or L versus the GIA grade of M? I honestly don't know. Search for some stones in that color range....see what price differences are. You're taking a gamble that, if you're lucky, the stone comes back an EGL K.

 

[Shay37]

Okay, Harold, here goes. I hope that I will not offend you, but I''m probably going to. I apologize in advance. GIA and AGS are the "standard-bearers" of grading documents if you will. They are respected for the most part for grading spot on. (barring some question of scandal at GIA) If you are going to resubmit the stone to a softer lab to get a better grade in the hopes of duping someone who does not know any better into overpaying for a product, that makes you no better than a dishonest dealer who would get a stone double certed and sell it by the better one. I don''t think I would want to do business with someone who would do that. Just my .02.

shay

 

[valeria101]

I would think the answer depends on the buyer. On Pricescope the ''paper grades'' are not regarded kindly but GIA M-N ideal cuts have their fan club so to speak

And if anything, your diamond could sell without any paper as well. Where do you want to sell it? It may help probe first what sort of certification similar offers carry in that environment, before going ahead and paying for the Nth lab report.

My 2c

 

[Patty]

I''d sell it as an M. GIA says it''s an M. You think it''s worth more because it''s so beautiful? Then ask whatever you want for it. But it doesn''t sound like you are disputing the color grade that GIA gave it. It sounds like you are just trying to get more money for it than an M would get.

I know in the past vendors have had stones cut and the GIA grade came back lower than they expected (thinking of Steph''s stone that ended up being an M). I''m pretty sure that the vendor then charged the price for an M color stone. I think that is what a customer should expect of a vendor and what a buyer should expect when buying from an individual.

If you think that GIA was wrong, maybe you should re-submit it to them and see if it comes back a higher grade. But I would be wary of buying an EGL J or K. Whomever buys your stone may have it independently appraised and if they buy what they think is a J and find out later it is really an M, they will not be happy.

 

[FireGoddess]

Okay, here''s a question - I just reread your initial post. If you feel GIA''s grade of M is wrong, why not send it BACK to the GIA and see if it comes back M again? That would be more honest than trying to get a better grade by EGL for resale.

 

[Allium]

How old is the GIA report? You may may be able to resubmit it to GIA for a color recheck. If you''re right and the color is found to be better than M (it happens), it won''t cost you anything.

 

[Jelly]

Harold,

Keep the GIA report and sell it as an M. If it really is beautiful, take some good pictures, and perhaps it will sell itself.

 

[MiniMouse]

Hi there Harold and welcome to Pricescope

Your stone sounds absolutely gorgeous. Please bear in mind that there are definitely people out there who love the warmer colors. Most people who have knowledge of diamond certifications are going to want to see a GIA or AGS certificate with a quality stone. If you recertify with EGL, you''re going to incur more expense and likely reduce the number of potential customers who would be interested in your huge rock. Also, if it comes out as an EGL K, then most people with diamond knowledge are going to take into account that EGL is more lax than GIA or AGS and guess it''s real color to be L, M or even N. Someone recently posted that their EGL diamond came out at 3 color grades lower than the EGL cert, which is not good news. If your get it re-certified by EGL, you could end up with more hassle than you want, ie a potential customer wants it independently appraised and then finds it''s a lower color than expected, which could scupper any chance of a sale and waste your time and theirs.

If I were you, I''d either try and get the color verified by GIA again, or just accept the GIA grading of color M and sell it for what it''s worth. If GIA say it''s an M, then it''s an M and customers will want to pay for an M.

It sounds as though your stone has a fab cut if it''s ''exploding with life and vibrant fire'' and faces up white, that should help your sale. Let us know what you decide and how you get on. Your stone really does sound fab.

Any pictures for us to drool over?

 

[lumpkin]

I vote for sending it back for color verification through GIA.

BTW, I have a GIA M IF pear. There really are buyers out there for the warmer colors, and with yellow gold making a fashion come back in a few years, and with diamond prices going up, you shouldn't have trouble selling it if it is as well cut as you think it is. And there are a few of us who kinda get off on having an IF stone, even if it is off color a bit, so that in itself is a big draw, not to mention the size. I suggest you come up with some likely settings for it that will show it off to best advantage and perhaps sell the diamond in the ring.

We need to see some pictures of this beauty....

 

[Lorelei]

Harold welcome too

You think that this diamond is a better colour than an M ? GIA are the most respected grading lab and I really don't know if an average consumer can dispute the accuracy of a respected lab's opinion of colour - so many variables come into play here. Diamonds are graded for colour and clarity unmounted by experts, cut plays a huge role too in how white a diamond will face up and mounting can help improve colour also, assuming this diamond is in a ring. Fluoresence can play a part some feel in whitening a warmer colour diamond if your stone has it. As has already been noted, GIA graded diamonds can sell for considerably more than EGl USA. Your diamond also could be considered to be a low L colour high M too. You could do either of these things you propose, but whatever you do the diamond is what it is, but many love the warmer colours and could be more than happy with a white looking M to get a 3 carat diamond, especially if it is an IF. I know sometimes we can feel that our diamonds are better than they are actually graded, but remember we are not experts - accurate grading is the domain of the labs and like with anything the diamond will be worth only what someone is willing to pay for it and it is a case too of finding the right buyer which may take time. If it is as lovely as you say it might not take long however! Remember too, few people would question the accuracy of a GIA cert, EGl could be a different kettle of fish so to speak and may cast doubt in buyer's minds. It is quite well known that some view EGL certed diamonds with suspicion that the grading might not be accurate, so say if it came back with a K grade, some might think it could be an L M or even N. As some say there is normally a reason why diamonds are sent to EGL in the first place - to get a better grade than GIA would give it, just another thing to consider. Pictures would be good too so we can all have a drool. Good luck whatever you decide.

 

[ladykemma]

i personally would be interested in an m colored three carat well cut IF stone! but I would get an AGS certificate. i am a clarity/cut freak and like color.

don''t shop labs...

yup!

 

[diamondgirlNY]

Hi there Harold!
I am a new member too...I think that you have a beautiful stone that "speaks to you" You know that movie "Field of dreams"? Well, now that you know what cliche I am talking about, I suggest that you try to find someone who is in the market for a gorgeous face up and lower in cost... As someone who has been meddling with stones for some twenty some odd years, I can most certainly say that honesty is the best way to go, leaves no bad taste, and you feel good. How did you come to acquire such a stone? and has the value increased since time of purchase? GIA is the standard and still (regardless of the "scandal") remains the leading "authority" that is recognized by the diamond industry. EGL generally will not sell for nearly as much, because of the tendency not to be consistent, but I am assuming that a stone with GIA M color is yellowish to the unaided eye...regardless of what any paper says, you have to assume, if you see it, so will someone else. Mount it in Yellow 18k (green gold) preferably in a bezel style mounting, and you can visually get a "whiter" stone, but how you represent it is Upon your OWN scruples. I personally would try to sell this as a Jewelry peice...you either love it or hate it....isn''t this what matters most? Budget and Look?

 

[Lorelei]

Welcome Diamondgirl

It is good to have you here! I was thinking , not that Harold's diamond isn't beautiful - I am sure it is, but we can be biased as to the beauty of our own diamonds and when it comes to selling, these stones become merchandise again and will be judged accordingly. The warmer colours aren't considered as desirable in the industry generally or to purchasers ( excepting myself and other cape fans) and the price reflects this, also it is well to consider that you won't get nearly as much as you paid for it on the secondary market unfortunately

. So the crux of the matter is the appeal of the merchandise to potential buyers and trying to take a more unbiased view of what you are trying to sell regardless of your own personal feelings. Best of luck again Harold

 

[Lorelei]

Harold if you check out this thread


https://www.pricescope.com/community/threads/my-little-piece-of-carbon.14419/=



you will see the link about member Stephan's fantastic M 3 carat GIA certed diamond. This is the best example you are likely to see of a large M colour GIA diamond which has an absolutely superb cut. Stephan decided against this diamond if I remember rightly as he was unhappy with the clarity, even though it is a VS I think. Stephan too prefers a high clarity and warm colour. Wink Jones then took it and sold it in the region of $15K. My point is even with such an incredible cut diamond such as this, it will only sell for a lot less than an F colour for example.

 

[diamondgirlNY]

Harold, Have you ever thought about consigning your piece? I don''t know if you are in "the business" or if you are someone who just happened to come upon this stone, but I think that if you are a private that you should consider mounting it into a nice piece and leaving it with a jeweller that you trust and maybe someone will come in and buy it as a piece. The nice thing is that you are the consignor, and you can establish a price that you want for your merchandise, and if someone is interested in purchasing, only you can accept or decline. OF COURSE you need to find out how trustworthy or creditworthy the jeweller you are going to leave your piece with....