(Closed) Engagement rings – how important is a grading report?

posted 7 years ago in Waiting
Post # 3
Member
238 posts
Helper bee
  • Wedding: October 2017

I think that, if you are concerned with selling later or getting an evaulation of the diamond for the price you are paying, then a GIA report is key.  That said, if you happen to love a ring and the price and the other stuff isn’t important to you, it really doesn’t matter. 

Post # 4
Member
532 posts
Busy bee
  • Wedding: July 2010

For me, having a truly quality diamond was the most important thing when it came to my e-ring. I didn’t want a fancy band, just a beautiful diamond that will hopefully be in our family for years to come. The diamond the my FI picked out came from a very reputable jeweler. It came with a GIA report, a proof of sale, and an appraisal (which you will likely need to insure it). By going with the quality diamond over a fancy setting, it makes more sense for us to upgrade to a really nice setting at a later date. Hopefully for our 10 year anniversary, we can put my beauty of a diamond in an awesome setting; although, I rather like the simple band I have now.

Here she is with my wedding band:

It’s an ideal cut, nearly colorless diamond, with nearly no internal flaws. I love it!

Post # 5
Member
561 posts
Busy bee
  • Wedding: August 2012

I agree with everyone else – if you think you want to upgrade later a GIA certified will be much easier to sell (and you’ll probably get more!).

 

Post # 6
Member
1729 posts
Bumble bee
  • Wedding: July 2012

To answer your question, (how important is a grading report?) VERY! A diamond is a *huge* purchase, and you need to know exactly what you’re getting! A GemEx report, however, is often available in addition to a diamond’s certification, from what I understand. They analyze light performance and brilliance, etc. You can find out more about it by researching at pricescope.com. Are you sure there wasn’t an additional grading report other than the GemEx?

If you think you might upgrade in the future, buy your diamond from a store with a good upgrade policy. Planning on trying to just sell a diamond on your own is not the best idea. You won’t get anything remotely close to what you paid. Again, you should do yourself a favor and learn all about how this all works at pricescope. Especially do some digging in the forums, and if you’re feeling bold, post the stone/ring you’re considering and ask for opinions on whether or not it’s a good deal. You will definitely get them! Best of luck!

Post # 7
Member
1051 posts
Bumble bee
  • Wedding: April 2010

You can always just pay for a GIA (or AGS, EGL etc) cert yourself.  We’re in NYC so when FI found a diamond he loved but was uncerted – he just walked it over to GIA himself and paid the ~$100.  You’re in NYC, so that’s a total possibility for you.  They’re right on 5th & 47th.  You may need to make an appt first, but your jeweler can help you.  

Post # 8
Member
806 posts
Busy bee
  • Wedding: August 2010

@littlemissmango: I want to second everything you wrote about buying from a seller who has an upgrade policy, if you are 90% sure that’s what you’re going to do in the semi near future.  Otherwise you’d get a fraction of what you originally paid if you just re-sold it on the open market.  And also second the pricescope recommendation!

 

@alex – you’re right, I’ve never heard of that certification.  If it’s not one of the ‘big name’ certifiers, the grading’s probably not as reliable or stringent vs. if it was GIA or another big one.  So if the certificate says clarity SI1, you might be getting more of an SI2.  That type of thing. 

I strongly recommend buying your diamond & setting as two separate items, vs. buying a “whole ring” that’s pre-set.  That way, you get the exact quality you want, plus the setting you want.  Check out some of the online sellers (blue nile, whiteflash, james allen, etc) – you can “build your own ring” and the prices are very competitive for legit certified diamonds.

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