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Diamond reports from GIA (as well as other, for-profit sources) are now demanded by most consumers purchasing diamonds over a certain size, typically for over 0.5 carat (100 mg), and almost always for over 1.0 carat (200 mg), and are considered an important tool in guaranteeing that a diamond is accurately represented to a potential buyer.
Gemological Institute of America (GIA) was the first laboratory in America to issue modern diamond reports, [31] and is held in high regard amongst gemologists for its consistent, conservative grading. Diamond High Council (HRD) Official certification laboratory of the Belgian diamond industry, located in Antwerp. [32]
IGI provides independent grading reports, colored stone reports, identification and appraisal reports, diamond authentication and attestations of origin, and laser inscription services. They also offers diamond and colored stone courses through IGI's Schools of Gemology. [7] Graduates from the IGI school of Gemology are awarded an IGI Diploma.
In 1953, Liddicoat introduced the GIA diamond grading system - a practical approach to grading the quality of colorless to light yellow polished diamonds on the basis of color, clarity, and cut. A central feature was the D-to-Z color grading system for faceted colorless to light yellow diamonds—the vast majority of diamonds seen in the trade.
Diamond clarity is the quality of diamonds that relates to the existence and visual appearance of internal characteristics of a diamond called inclusions, and surface defects, called blemishes. Clarity is one of the four Cs of diamond grading, the others being carat , color , and cut .
The OA Diamond Study gives an estimation of >29,000 diamond open access journals in 2021 which represent a significant share of the total number of scholarly journals. [37] Diamond journals make up for 73% of the open access journals registered on the Directory of Open Access Journals (DOAJ) with 10,194 entries out of 14,020 in September 2020. [37]
Primary among these are their diamond grading services. Jewelers are able to have their diamonds scientifically evaluated according to the Four Cs: Color, Clarity, Cut, and Carat Weight. They are then given a diamond grading report, which can be provided to a consumer in order to verify the quality of the diamond they are purchasing. [3]
In its Global Diamond Report 2014, Bain & Co reports that demand for investment diamonds accounts for less than 5% of the total value of polished diamonds. [14] It also reports that diamond prices have benefited from 1.6x lower volatility than gold. Characteristics of investment-grade polished diamonds are highest color (D, E, F) and clarity ...