The lab's India branch statement further says that considering the challenges posed by the COVID-19 pandemic, the lab has demonstrated its commitment to the country and the Indian diamond industry by sponsoring several initiatives that can help to curtail the health crisis. In a statement, IGI states that the source of the controversial post is a competing lab in India, and it underscores IGI was one of the first grading labs to expands its business into India, now employing over 600 people in the country across 17 branches. In 2018, Chinese conglomerate Fosun acquired an 80% stake in IGI, the Antwerp-based diamond grading lab. The visual, a screenshot of which can be viewed here, calls on diamond traders "to boycott China" by not using IGI certificates. International Gemological Institute IGI is it Worlds largest Independent Laboratory for testing and Grading Gemstones and Fine Jewelry renowned for knowledge quality imprint and extensive experience. See our study on Jewelry Appraisals.In a response to The Diamond Loupe, the International Gemological Institute (IGI), says to be shocked about a media post that is circulating among diamond trading communities. They often vary by several color and/or clarity grades, which can have a significant impact on resale value. We have found that the grading on these appraisals is an approximation of the characteristics of the stone. Other Types of Diamond PaperworkĪ jeweler’s or an insurance appraisal is a document that gives a value to your diamond for insurance purposes. A diamond jewellery certificate provides assurance that we abide by the specifications stated in the report articulated by an independent and professional. Find out more about grading certificates and differences between laboratories. Because their grading can vary by one to two color and/or clarity grades, the initial estimate range may be reasonably wide.
In comparison, we consider EGL’s (European Gemological Laboratory) and IGI’s (International Gemological Institute) certificates to be reasonably reliable, however their grading standards do tend to be lenient in comparison to the GIA grading standard. AGS (the American Gem Society) is another trusted and well-respected laboratory in the industry. There can be substantial differences between GIA grading reports and those of other laboratories and local jewelers.
Since then, many other institutions have decided to also grade synthetic diamonds due to their popularity. In fact, IGI claims in 2005, they became the first institute to fully grade lab-grown diamonds. The IGI lab was found second to the GIA in its accuracy, but unlike the GIA who will not asign a specific Color and Clarity grades to Lab-grown man-made diamonds, the IGI. Like GCAL, IGI stepped in to meet the demand for certificates for lab-grown diamonds. A report from the GIA is seen as very reliable throughout the industry and gives you the advantage of receiving a very accurate estimate for your diamond. IGI Sample Certificate In a research by Rapaport, the diamond industry price-list publisher, a diamond was sent to different laboratories to test for accuracy in grading. The IGI Diamond ID is a passport-sized document that contains the same detailed information as the Diamond Report, without the plotted diagram. The GIA (Gemological Institute of America) is the most respected laboratory in the industry and is the foremost authority in gemology. We hold the GIA’s grading in high esteem our own gemologists are in fact GIA trained and providing us with your GIA report ensures a quick and accurate estimate for your diamond. These allow WP Diamonds to provide you with a more accurate initial price range as we have an understanding as to the reliability of the source of information. While different laboratories vary in terms of reliability of grading, this is a strong starting point when it comes to determining exactly what you have. Why Diamond Grading Reports and Certificates Are Importantĭiamond Grading Reports and certificates are issued by laboratories and contain pertinent information as to the characteristics of the stone.
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