How much would a dealer pay for the same D/Internally Flawless Diamond prior to GIA grading it?
Knowing the wholesale diamond market the way we do, dealers might try to buy it for the price of an F/VS2. Let’s assume the highest price a dealer might pay would be the price of E color VVS1. At least 35% less. For this reason, cutters need to use GIA – there’s a lot of money at stake. For the same reason, as a buyer, GIA is essential. Hypothetically speaking, a 2.00 round diamond that GIA graded E/VVS1 might be sent to a lesser lab who might call it D Flawless. Now what’s it worth? In my opinion a lot less than the diamond GIA graded E/VVS1. There’s simply no reason to risk buying a “high grade” diamond for market price, without a GIA report to back up the claims of the seller regarding the grade. When I say “high grade” that means top dollar diamonds in any particualr range. For example: A 1.00ct diamond for $2500 versus as .50carat diamond for $2500. Thew 1.00 is an inexpensive stone, the 1/2 carat, “high grade” If we are speaking of colorless diamonds, I’m talking about I color an
