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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.
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.
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. The IGI school was the first to offer the practical Rough Diamond course. [4]
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 ...
Small business owners should not forget about a rule — currently in legal limbo — that would require them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN ...
Consumers should therefore use the report with caution. [2] These prices are used as the basis for standardization and negotiation of diamond prices around the world. [citation needed] Many of the agreed upon prices in diamond trade are come to from discounts based on the Rapaport Price List.
GSI Gemological Laboratory performs a number of services including: loose and mounted diamonds grading; origin testing of loose and mounted diamonds and gemstones; cut grade analysis; light analysis reports; gemstone identification; sorting and screening of melee; treatment identification; laser inscription on diamonds and gemstones; metal engraving; metal inspection; and 360-degree virtual ...