This query has become increasingly more important in the recent several weeks. I believe the reason for here is the economy coupled with well-known price difference between EGL as well as GIA diamonds. At the time of this information I found a GIA qualified 1.00ct Round H-SI2 pertaining to $4400 on a website, I found the same diamond with a EGL qualifications for $3400 on yet another website. So what gives? Why is there this kind of huge difference in pricing? The first thing that I want you to understand is that GIA and EGL don't make diamonds! GIA and also EGL are not a brand involving diamonds, they don't offer diamonds either. They provide independent grading solutions for jewelers as well as diamond wholesalers and could care less how much a diamond sells for as well as who sells this.
I think the other factor that is important to understand is how the qualification process takes place and the way a diamond moves by way of distribution channel. When a diamond is first mined it needs to be slick, if you look at the image above you will see what sort of diamonds look un-cut. When the diamonds are lower and polished to get out their natural splendor and brilliance, they must be graded for color and clarity. I want to just preference this primary, the diamond wholesaler is doing the cutting and also polishing. He then can pick to sell the gemstones without a certification to your retail jewelry store or have the diamonds certified by among the many grading laboratories. In many instances, the diamond will be accredited before it is presented to the jeweler for sale. The increased demand by consumers to have assurances concerning the color and lucidity have encouraged the method of certifying just about all gemstones before being put on the market.
Now the wholesaler has another choice to make, exactly where do I send this diamond for qualification? Let's eliminate each of the possibilities except GIA along with EGL. If he/she sends diamonds to GIA it can take approximately 6-8 weeks before they receive their precious stone back. This is difficult on the wholesaler due to the fact he/she has purchased as well as paid for the diamond currently. It's important for them to be capable of sell their goods at the earliest opportunity and GIA will hinder this. EGL on the other hand can return their goods inside 2 weeks allowing them to promote almost immediately. You've observed the expression..."Time will be Money", right? Case in point, the more the wholesaler needs to wait for his expensive diamonds the more money he has to sell his gemstones for. Let's assume he/she sends one precious stone to EGL and one for you to GIA and both come back with the same quality rank. In all likelihood, the EGL stone will sell for 20 - 20% less than your GIA diamond. The reason is since the GIA diamond probably got 6 weeks to get back again and the EGL diamond went back 2 weeks. The dealer could buy and sell Several diamonds in the period that it takes for the first diamond to come back from GIA. So when the GIA gemstone comes back he has to market it for more just to catch all the profit which he could have made in the event that he chose to make use of EGL. It's simply a few economics!
The common opinion is that GIA is a much stricter lab and that they never make mistakes understanding that all diamonds ranked be EGL would be ranked lower if created by GIA, this is a dangerous as well as naive assumption. How is it possible can we assume that every diamond graded by simply EGL is done incorrectly? I am going to agree that GIA does swing in a far more conservative direction compared to EGL however, I have seen a lot of diamonds graded by simply GIA that I believed had been done incorrectly. I've been buying and selling diamonds for over 20 years and We've sold millions and millions regarding dollars in expensive diamonds, so listen to some tips i am going to say........"All grading labs are capable of precision and inaccuracy!" Where does that leave the average consumer? In the hands of a honorable neighborhood jeweler that has experience and integrity and is also willing to help you determine whether the GIA or EGL level is accurate. There is still is no greater way to buy a stone than to work with a professional professional that will look at the diamond with you and also help you find the undetectable values in precious gems. In my opinion, there are more chances for hidden ideals in EGL certified precious gems than GIA diamonds. The sole accurate and safe assumption that can be created is that almost all GIA diamonds will sell for 15% -- 20% than EGL diamonds.
Consequently with that being said, why not take the time to look at diamonds with EGL certifications to see that which you or your local jewelry expert thinks? Let's look at a possible scenario....you are considering a couple of diamonds, both are One.00ct and both are SI1, H, one is graded through EGL and the other by GIA. The EGL certified stone is $4000 and the GIA licensed diamond is $5000, both diamonds are equally brilliant and beautiful. Why wouldn't you elect to save the $1000? The only proven as well as non-disputed variable is the actual math - the actual EGL is $1000 less which point can't be suggested! Ask your jeweler's opinion, does he feel both diamonds are graded accurately? In case he says that they are, have to go for the diamond in $4000? Keep this in mind...you can't please take a certification and spin it up in to a good little ball and set it in an wedding ring. You're not buying the qualification, you are buying the precious stone! Notice the extended use of my !'s, this kind of subject drives me nuts because there is so much misconception by customers and jewelers alike. There are no guarantees that all diamonds certified by simply GIA are better in any way than a diamond which happens to be certified through EGL.
If you disagree next riddle me this specific...If I send diamond jewelry to EGL for qualification and then I deliver the exact same diamond to be able to GIA for certification and have the same grading final results, does the diamond be a little more brilliant because it carries a GIA certification? Does it be a little more valuable? The answer on counts is no, it's still the same diamond regarding God's sake! I recieve so frustrated since we must remember that we're buying diamonds not really the certification. This will become so much simpler for you if you keep those two basic concepts at heart. If you are considering two diamonds that are EGL and GIA accredited and they are the same price, identical quality, and they the two look equally beautiful - then go while using GIA certified diamond. Nevertheless, if you are considering two expensive diamonds that are the same good quality, the jeweler tells you that they are both accurately graded, and the EGL precious stone is less -- then go with the EGL precious stone.
I will say the last thing though, you will never find an EGL certified gemstone that sells for a similar price as a GIA certified diamond if they are the same colour and clarity, your EGL will always be less. Conversely, you will find plenty of EGL certified diamonds that are graded just as accurately as the same GIA certified stone for much less money. You just have to do your homework as well as trust in a professional jewelry sales person to help you make healthful assumptions. The choice is yours!
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