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Diamond Grading Report: Part 1

It is not only important to have a diamond grading report with your diamond purchase, but it is just as important to understand what you are reading. Here are some tips that can assist you to understanding a diamond grading report.

Make sure to check the date that the diamond grading report was issued. Although it is unlikely, it is always a possibility that the diamond has been damaged since the report was issued. This can occasionally occur on diamonds that are sold at auctions and estate sales. Diamonds can always become cracked or chipped with wear so it is important to check them thoroughly. For example, you could come across a diamond that has a diamond grading report explaining that it is a Flawless diamond. If the diamond was damaged after the original report was issued than it could be classified as a VVS and the value of the diamond could drop dramatically.

Make sure to identify the laboratory that issued the original report. Is this a laboratory that is well respected? If it is not, the information that you see on the report can be in question. In the United States the most recognized laboratories are Gemological Institute of America Gem Trade Laboratory, American Gem Society, American Gemological Laboratories, Professional Gem Sciences, and the International Gemological Institute. European labs that are considered respectable producers of a diamond report are Belgian Diamond High Council, Laboratory Gubelin, and Schweizerische Stiftung fur Edelstein-Forschung.

Although these reports may come from different laboratories in different countries, they all will provide the same type of information you need to purchase a diamond.

Diamond Grading Report: Part 2

It is one thing to have a diamond grading report but understanding it can be another. The first thing to look for when reading a diamond grading report is the identification of the diamond. This will confirm that the diamond is not just any stone. Many diamond-grading reports do not make a direct statement that recognizes the stone as a diamond. The diamond grading report is only issued for an authentic diamond. If the report you see is not referred to exactly as a diamond grading report, than be persistent on seeing a statement confirming that the stone is an authentic diamond.

Make sure the diamond grading report states the specific weight on the diamond. Any true diamond grading report will make sure it is clearly legible in the report. It is also important to make sure the diamond has been measured and the dimensions have been recorded on the report. This will assure your diamond can be identified in case it is stolen or lost; it also can become a necessity when you are ready to insure your diamond.

The dimensions that are listed in the report can be informational for several important reasons. First of all, the dimensions can directly identify and help you determine that the diamond being examined is the exact diamond that the report describes. The possibility of a diamond being the exact dimensions and weight is very slim. Second of all, if the diamond has been chipped, crack, recut, or damaged in any way, it becomes obvious that something has been altered. If the diamond has been altered then it will affect its carat weight as well as its value.

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