(Closed) Did the GIA matter to you?

posted 6 years ago in Rings
  • poll: GIA/AGL Appraisals Important to You?
    I do not care! I do not want it appraised by anyone : (10 votes)
    22 %
    I do not have an appraisal, but will be getting one in the future : (5 votes)
    11 %
    I/ DH/FH would NOT buy a diamond w/o an appraisal : (30 votes)
    67 %
  • Post # 3
    Member
    2893 posts
    Sugar bee

    I might be wrong, but from what I understand you can’t have them insured without some sort of appraisal. 2 stones can fetch vastly different prices and why would an insurance company want to insure you for an undefined value? Yeah, she’s right, it’s not about the specs, its about the love. But she’s also wrong, it’s also about protecting your investment. God forbid something happens to her beautiful upgrade and they’re stuck cause they never bothered with an appraisal for insurance purposes.

    Post # 4
    Member
    3000 posts
    Sugar bee
    • Wedding: July 2012

    Yes, it was important to us.

    Post # 5
    Member
    701 posts
    Busy bee
    • Wedding: June 2014

    SO wants a specific diamond, he wants a hearts and arrows cut diamond and that alone requires extensive appraisals and certification.

    So yes, he will only be looking at diamonds that have been appraised and he will be ensuring it is exactly what they say. He prefers GIA because they also list exactly where the occlusions are (if any) and he wants them NOT in the crown or visible, ie preferrably in the sides if there are any.

    Post # 6
    Member
    2893 posts
    Sugar bee

    @Eight6Eleven:  One other note: it was important to us as well because we wanted to make sure we weren’t being duped. It’s a huge purchase and I’m not going to just “take someone’s word for it” that we’re buying what they say we’re buying. If you’re gonna charge me the price of a VS1, I better be getting a VS1. But how would you know that unless you had a GIA cert. For all you know you were overcharged for an I being posed as a VS1. Or a .75 being posed as a 1. 

    Post # 7
    Member
    1140 posts
    Bumble bee

    Absolutely. I would not pay the expensive price of a diamond or any other gemstone without knowing exactly what we are buying. 

    Post # 8
    Member
    7609 posts
    Bumble Beekeeper

    I think things may have been different “back then”.  My mom doesn’t know the specs of any of her rings, either.

    It was important to us because like the PP said, we don’t have extensive knowledge about diamonds and didn’t want to be “duped”.

    Post # 9
    Member
    5199 posts
    Bee Keeper
    • Wedding: January 2010

    There is a difference between an appraisal, and a grading report. GIA, for example, does not do appraisals. They do grading reports. They also do not “certify” appraisers, though sometimes I see people claim such. However, appraisers may be Graduate Gemologists from GIA and thus hold a degree from GIA. Professional and qualified appraisers belong to organizations like ASA or NAJA. Confusing, eh?

    If I was buying a new modern cut diamond, then yes, I would want a GIA report. I may accept a US EGL report, knowing that it may be a little more generous than the GIA, but there are certain areas, like colour, where I do not mind lower grades.

    If I was buying an old cut, or certain fancies, I would want an EGL report (GIA is not good for old cuts!), however, depending on how I was getting the stone (ie amazing find in an antique store that does not generally sell vintage stones) I would be willing to send it for grading after purchase as long as I had some sort of return policy that protected me in case I was not happy with what came back on the report.

    Then I would have both appraised for actual insurance purposes. Appraisers use grading reports to help them provide an appraisal, but they are not actually “grading” the stone.

     

     

    Post # 10
    Member
    1595 posts
    Bumble bee
    • Wedding: May 2013

    ^what raykay said…

    we are a couple that likes to make sure every dollar we spend is going towards the best quality item we could buy not just when it comes to diamonds but when it comes to everything in life- tv’s/computers/ other expensive electronics etc. So if someone is the type to just go into a store and impulsively buy a tv without doing research than I can see the same thing happening when going to buy a diamond..

    Post # 11
    Member
    1252 posts
    Bumble bee
    • Wedding: November 2011

    I think you are getting two things mixed up.  GIA, AGS, and EGL grade diamonds and issue reports with their assessment of the diamond’s characteristics (i.e., the 4 C’s).  They do NOT appraise diamonds, which is when a $ value is placed on the diamond. 

    You MUST have an appraisal in order to have your jewelry insured, so I don’t understand why anyone wouldn’t get an appraisal unless the value of all their jewelry, including their rings, is expected to be below the jewelry limit in their general homeowner’s policy which is usually pretty low.

    Post # 13
    Member
    5199 posts
    Bee Keeper
    • Wedding: January 2010

    @Eight6Eleven:  Things were a bit different “back then” as in before the internet and more “consumer advocacy”. Places like Pricescope did not exist! People relied on their jeweler to tell them what was the “best” However, for many, things still also have not changed. There are still plenty of people who will walk into a mall jeweler and buy something they see as it looks pretty and not care at all about reports, or will just trust the jeweler. And if they are genuinely happy with that (and their stone) and paid a fair price for it given the stone (being an ungraded stone), I have no issue with that. Unfortunately, often people are paying way too high for an ungraded stone.

    I just do not think it is very “smart shopping” for something that is likely to cost most people a significant amount. People sometimes seem more likely to put more research into their new tv than their ring! I just also think a lot of people do not realize how certain inclusions, for example, can weaken a stone, or are not told that their stone has been clarity enhanced, etc, (things that a report would tell them) and where there has been dishonesty, while I do feel that the buyer ought to have done their homework, I place more blame on those who were dishonest with their customer of course.

    A report also allows you to verify your stone if it ever goes in for repair etc once it comes back! Switching DOES still happen with some unsavoury types.

    On the other hand, I also see jewelers still telling people that stones below a certain colour are “undesirable” and “piss snow yellow”, or that fluorescence is always a bad thing,  or “every woman wants  carat”, and this rankles me too! All things that the informed consumer can realize themselves are not true, and can allow them to even save some of their hard-earned pennies.

    (I am not harping on jewelers as a whole, I have some excellent local independent jewelers who are fantastic! I just think it pays to be informed, and make purchases on all the information you can have available to you, including a report!).

    Post # 14
    Member
    1866 posts
    Buzzing bee

    @Eight6Eleven:  If you mean GIA report, then yes absolutely it was important for us.  I know my FH wanted to make sure he was getting exactly what he paid for.  

    Post # 15
    Member
    1676 posts
    Bumble bee
    • Wedding: June 2011

    @RayKay:  I agree. 

    I can personally attest to the importance of grading and appraisals. The e-ring I lost had an heirloom diamond for a center stone. It wasn’t all that big (IMO), .7ct, but the appraisal determined it was extremely good quality. It didn’t make much difference to me as far as wearing it. It was past the point of quality that I feel there is a visible difference in appearance, so it didn’t look any different (to me) than a diamond that is just slightly above average. However, it was very important in terms of value. I’m not sure if we could have gotten insurance without an appraisal or not (we couldn’t with our carrier), but it would have been a terrible mistake if we had. The difference in value was huge compared to an average quality range diamond. If we had it insured without an appraisal, we would have lost out on a lot when I lost it and needed it replaced. I would have never bought such a high quality diamond because the difference isn’t evident (in my eyes), but I certainly wouldn’t have wanted to get radically less that what my stone was worth. Long story short, appraisals are very important. 

    Edit: I think PP are right about things being different “back then” because it had never been appraised before (that I know of). My grandmother “knew” it was high quality because the jeweler told her it was, but she never questioned it. She didn’t know much about diamonds, so her jeweler must have been honest. I guess she was one of the lucky ones. 

    Post # 16
    Member
    96 posts
    Worker bee
    • Wedding: June 2012

    Fiance would never have bought a diamond without a GIA certificate. How would you know the jeweler isn’t lying to you about the specs without having the certificate? After Fiance bought the stone and had it set, he brought it to GIA himself to confirm that the stone in the setting is the same stone he purchased.

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