Diamond Grading
To determine the prices that a jeweler charges, there are various forms of appraisal that gem stones go through. When it comes to most costly gem of all, diamond grading is a crucial aspect that helps to determine the value of a diamond through an extensive process that analyzes many of the key factors that determine a stone’s value. Diamond graders are trained to closely scrutinize all diamonds sent to them and create a diamond certificate, unless they work for the Gemological Institute of America (GIA), in which case they issue Diamond Grading Reports. The GIA is the foremost gemological laboratory in the world and they are the organization that developed the standards by which today’s diamonds are graded, although the process can vary from lab to lab.
Unlike an appraisal of the stone’s value, those who perform diamond grading are attempting to create a comprehensive profile of the individual stone itself. The importance of this is for more than just helping to determine the diamond’s value. It is helpful to know these details so that if the stone were ever lost or stolen, the proper grading report could identify it. However, it must be said that grading plays a very important role in the appraisal process, even though it goes into greater depths than what are actually necessary for valuation.
The 4 Cs of Diamonds obviously play a very important role in the grading process and they are: cut, clarity, color and carat. Experts have found that even slight variations in any grade of these 4 Cs can affect a diamond’s price by as much as 25%, a large sum of money when one gets into the higher end of diamond price ranges in the tens of thousands of dollars. Labs all over the world offer their grading services similar to those developed by the GIA in 1953, but many in the diamond trade feel that grades can vary from one lab to the next as certain labs will grade harsher or more lenient on one aspect of a diamond’s grade than the others. Merely having a grading report or certification of some kind will often dramatically raise a diamond’s price, as well.
While diamond grading is often presented as a science, in fact, it is a subjective skill and a field that is only recently emerging from a historical standpoint. This is because the human eye has some limitations in terms of perceiving color and clarity and also because laser inscriptions and other features can be seen as positive or negative, depending upon the lab.
Beyond the 4 Cs, other aspects are included in a grade such as girdle thickness, depth percentage, plot charts and comments. Each lab grades a bit differently, but one thing can be said for certain and that is that currently a diamond graded by the GIA is going to have the highest value when compared to those gems appraised by other, lesser known, labs.
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