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Author Topic: How I read a GIA report  (Read 2230 times)
Diamondsbylauren
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« on: August 10, 2007, 04:55:17 PM »

Hi Everyone,
In our business, a GIA report plays a huge role in determining the price of the major diamonds we offer.

In spite of this, it's the diamond itself that is the final arbiter.
That is to say: A great looking GIA report may accompany a not great looking diamond.
"Great Looking" is not what GIA measures.

In the case of round diamonds, we're looking at the most "standardized" of cuts.
So much so that GIA started to issue a "Cut Grade" - which still won't tell you if a round diamond (per se) is "great looking"to you..... but we can safely say that if one is looking for a round brilliant- and they look at a diamond that earned an Excellent, or Very Good from GIA's cut grade- it's going to look pretty much like they'd expect it to look.

When looking at fancy shaped diamonds, the GIA report plays a different role. A lesser one.
Of course it's still important- All things being equal, a 3.00 D/VS2 is worth a set amount more than a 3.00D/SI1.
How often are things "equal"? ?.....not very, in the world of diamonds. The SI1 may very well be far more desirable than a VS1.

Emerald Cuts, Cushions, Pear Shapes, Radiant Cuts, Ovals, Asschers...they all have personality beyond measurements.
GIA's plot is not meant to show the actual shape of the diamond.

Things like an Emerald or Radiant's corner size, or a pear shapes arc- are not shown anywhere on a GIA report.
The plot is also not all that useful in determining the severity of imperfection.
Sometimes a diamond plots out with a whole bunch of marks in red and black- but in person, it's totally eye clean.
Sometimes a tiny mark, exactly in the right place, takes the diamond out of the "eye clean" category.
GIA does not grade for "Eye Clean".
At the extremes, generalizations work.
A VVS1or 2, or VS1....they are going to be eye clean.
I've seen VS2's that were not eye clean- and they were ( IMO) accurately graded by GIA.
I've also seen many eye clean I1's.
I2 and below, no question, you'll see something.


So, we use the GIA report to verify what our eyes are looking at.....
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acebruin
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« Reply #1 on: August 10, 2007, 05:15:52 PM »

great article david...

so GIA report is suppose to be a verification...  besides we don't buy the numbers...  we buy diamonds...  hence look at the diamonds first, and then look at the numbers to verify...  not the other way around...  a lot of consumers are misled by thinking this stone has an "excellent" GIA report, but when they get to see the actual stone itself, it might not measure up to their expectation...
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Diamondsbylauren
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« Reply #2 on: August 10, 2007, 08:55:14 PM »

Thanks Ace!
Yes- if we compare this to an attempt to evaluate real estate: Knowing the square footage does not give us enough information to really know how much we're going to love the space
Even adding the floor-plan ( similar to the plot) doesn't tell you how you're going to feel walking thru the space.
Or how the light coming through the windows will play on the walls and floor.

In real estate- as in diamonds- visual inspection is what's needed.....
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« Reply #3 on: August 10, 2007, 09:00:08 PM »

David- When people look at my ring they exclaim, "look at that clarity". I think they think the word clarity means clear and sparkly. And I also think most consumers think clarity means quality.

I've not really corrected them because I'm not really sure how to say that clarity doesn't literally mean clearness or define what they are seeing. Or more exactly, I don't know what to tell them clarity means exactly. But clarity doesn't mean literal clearness right? Or do I have this wrong? Or does it sort of mean that but mean other things?
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Snooper
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« Reply #4 on: August 10, 2007, 09:08:35 PM »

Very interesting indeed.  I look forward to hearing WM's answers to her question.  And I agree, it seems from reading articles, hearing people talk about "clarity" they often assume it means clear and sparkly....
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Diamondsbylauren
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« Reply #5 on: August 10, 2007, 09:30:41 PM »

Well, just like people mistakenly assume a diamond with Excellent Pol/Sym is unquestionably a good cut- they mistakenly assume a VS1 diamond is an unquestionably better diamond as compared to an Si1.

I can understand, for example- why people shopping might say " I'll only look at VS or better". It's one of those "common knowledge" things. An example where some "common knowledge " is off base in many regards.

When people request VS or better, we'll show them what they want to see- but there's cases where they might miss some remarkable SI diamonds.
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« Reply #6 on: August 23, 2007, 11:09:35 AM »

Well, just like people mistakenly assume a diamond with Excellent Pol/Sym is unquestionably a good cut- they mistakenly assume a VS1 diamond is an unquestionably better diamond as compared to an Si1.

I see many diamonds rated Good in Polish/Symmetry by the GIA that are absolute Knockouts in the sparkle and glitter department.
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« Reply #7 on: August 23, 2007, 11:56:25 AM »

Hi Everyone!

There's a bit of confusion over a few terms here.
What you want to see in a diamond is "sparkle" or "Glitter"
Imagine a piece of glass which is foggy from stream- dull, as it were.  Instead of complete transparency, there's opaqueness. There's diamonds that have problems with "luster" or shine- having nothing to do with imperfections.
For example, there are dull diamonds- even if there's no imperfections. It does NOT take an expert to see what I'm talking about- fortunately, there's no diamonds in our inventory which I can use to show you guys. Check the "fugly" thread
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