There are no laws that regulate how diamonds are graded. There are
differences among different grading companies and
organizations. Yadav deals with certified/graded diamonds from the most respected labs: GIA and
IGI.
Both GIA and IGI are very reliable independent diamond grading laboratories.
They both employ leading gemologists and
use the highest technologies to grade diamonds. Both set industry standards and are well respected.
GIA VS. IGI LABS
Both GIA and IGI are very reliable independent diamond grading laboratories.
They both employ leading gemologist and
use the highest technologies to grade diamonds. Both set industry standards and are well respected.
Both GIA and IGI do not make diamonds, rather diamonds are sent to them to get
a completely independent and
objective diamond grading report.
Why the price difference?
One of the main reasons for GIA being more expensive than IGI is the fact
that GIA diamonds are much more popular and
well known in the U.S. because of their grading scale. This makes the demand for GIA diamonds higher which
also raises
the prices. This is true mainly to the U.S., in other markets around the world, i.e. Europe and Russia IGI
diamonds are in
very high demand.
The Price difference is becoming smaller
IGI diamonds are becoming very popular, which means that their prices are
also going to increase overtime. We have
noticed a shift in popularity in the past few years between GIA and IGI. For example in Texas, IGI diamonds
are much
more popular and in higher demand than GIA. We expect to see this trend continue in the next few
years.
Take advantage of the opportunity
Right now while GIA diamonds are still in higher demand in the U.S. which
raises their prices, this presents an opportunity
that might not always be available. This provides a rare opportunity for diamond shoppers in the U.S. to
purchase larger
IGI diamonds for a much cheaper price compared to the same GIA diamond.
GIA - GEMOLOGICAL INSTITUTE OF AMERICA
Gemological Institute of America (GIA) is a leading authority in gemology. As
an independent diamond grading laboratory
they are considered to have the highest grading standards. The GIA Lab is the most common and sets the
industry
standard for COLOR and CLARITY grading.
The Diamond Dossier®, is issued for diamonds weighing less than 1 carat.
IGI - EUROPEAN GEMOLOGICAL LABORATORY
European Gemological Laboratory (IGI) founded in 1974 is one of the leading
grading laboratories world-wide. It employs
over 1,100 scientists and diamond educators to ensure quality grading.
IGI is one of the world's premier gemological laboratories. For over 25 years
it has offered the
fine jewelry trade and
consumers accurate, reliable gemstone identification and professional certification to validate their
gemstone purchases.
IGI has been an innovator in the diamond grading industry known for
establishing revolutionary techniques for grading
diamonds that weigh less than one carat. In addition they were the first to establish the SI3 clarity
rating.
For over 25 years it has offered the fine jewelry trade and the consumer
accurate and reliable gemstone identification as
well as professional certification to validate their gemstone purchases.
IGI diamond grading reports are usually more affordable.