< BACK TO THE DIAMOND BLOG MAIN PAGE
06
September 2017

Like? Share!

Diamond Reports Need to Change: Here’s Why

Diamond reports have long been the accepted standard for smart diamond transactions. How do you know if a diamond is real? How can you tell the diamond clarity and color? What if the diamond isn’t as described by the seller? For diamond buyers, diamond reports offer a security blanket, a certification of the diamond’s true features. But, contrary to popular belief, a lab report is not an absolute guarantee of a diamond’s quality. There are discrepancies between various labs on the evaluation and grading of diamonds. In fact, the same diamond may receive slightly different gradings from different labs. And this tends to elicit fear and wariness among consumers. How do consumers know what they are paying for?

 

Diamond Reports: Pros and Cons

Diamond reports are issued by various gemological labs around the world. Lab reports are an important element in the process of valuing a diamond. The power of a lab report lies in the fact that the diamond has been assessed by an independent professional with no vested interest in the sale of the particular diamond. In other words, the gradings and information provided in the report are an objective evaluation of the diamond. Even so, it is not uncommon to find mild and even more significant differences between lab reports of the same diamond. Aspects such as clarity or color, which are traditionally assessed via manual processes conducted by gemologists, are prone to differences of opinion. This is particularly true when it comes to very slight differences that are hard to see or measure with a loupe.

 

Accurate Grading Based on Technology

A diamond report is an educated opinion of the diamond’s features. With the help of technology, the diamond report can achieve much higher levels of accuracy and repeatability. Technology has the capability of measuring very fine differences in diamond 4Cs, much more than the naked eye or human capacity. Recently, Sarine Technologies reported on progress made in the development of the world’s first automated color and clarity grading of diamonds. The technologies have achieved the ability to correctly and consistently match the grading opinion of a reference group of human gemologists. They are also shown to match the diamond’s lab report when available, within a grade’s accuracy, with error rates of 3% for clarity and 1% for color. This is in comparison to the current error rate of manual grading, which is over 7% for clarity and 3.5% for nonfluorescent color.

 

Detecting Synthetic Diamonds

With advances in lab-grown diamonds, the issue of diamond verification is a critical one facing the industry. Even for experienced gemologists, it is extremely difficult – near impossible – to distinguish between natural and lab grown diamonds. Verifying a diamond as naturally sourced, not man made, lab grown or synthetic, is an important part of the diamond report. Today’s consumers are aware of the proliferation of lab grown diamonds on the market. The ability to assure buyers of the diamond’s natural authenticity is an integral part of selling diamonds in today’s market.

 

More Than a Diamond Report

Even though a diamond report provides official information about the diamond’s gradings and features, does it really help the buyer to understand the diamond’s visual beauty? For instance, two diamonds may have completely different inclusion patterns, yet the same clarity grade. In order to help buyers in the diamond purchase process, there is a need to go beyond the traditional 4Cs report. Advanced elements, such as light performance grading, 3D imaging and interactive digital reports are key to creating a visually stimulating, interactive, intuitive and hands-on experience of the diamond that help it to sell.

 

 

 

 

Subscribe to the Diamond Blog

Get the latest technology, grading and retail news straight from the source, straight to your inbox.


MORE FROM THE DIAMOND BLOG

6 Ecommerce Blogs Every Jeweler Should Follow

If you are new to the online retailing scene, then getting your ecommerce jewelry business ahead can involve a lot of dedication, time, and work. Trying to figure out what is best for your ecommerce dream, searching online for the answers, or paying out excessive amounts of cash to professionals may not the ideal path […]

SPECTRUM – Diamond Industry News #25

Not a month goes by without diamond industry news that involves the new trend of lab grown diamonds. In this month’s SPECTRUM, read an original take on De Beers’ move to lab grown, in an article featured on Quartzy. We’re also going big on the bling with a tweet from CNN about the world’s most […]

World Famous Jewelers Series Part 4: Boucheron

The Jeweler of Place Vendôme: How Frédéric Boucheron Got His Start Frédéric Boucheron always knew he wanted to be a jeweler. He was born in 1830 to a family of French clothiers, and at a young age he apprenticed himself under jeweler Jules Chaise. By the age of 14, he had completed his apprenticeship and […]

Which Diamond Shape Are You?

Diamonds come in all sizes – and a wide variety of shapes. Although each diamond is unique, different personality types are drawn to particular diamond shapes. In fact, the diamond shape you choose may be a strong reflection of the type of person you are. Which diamond shape is right for you? Read on to […]

Why (and How) to Use #Hashtags for Your Jewelry Business

By now, you’ve seen thousands of  #hashtags hanging around on social media. They have certainly changed their meaning from the sign we are used to seeing at the beginning of a telephone number. When used correctly, jewelry hashtags can really make a difference to the social media marketing for your diamonds and jewelry business. But […]

Why Do Diamonds Sparkle?

If there is one word that everyone associates with diamonds, it is “sparkle.” The bright, sparkling appearance of diamonds is part of what makes them such a highly sought-after prize. Diamonds have been variously described as “sparkling”, “shining” and “flashing”. A sparkling diamond can be thought of as beautiful, or “bling-y”, yet if the diamond […]

World Famous Jewelers Series Part 3: Faberge

The Man Who Created The Egg In 1885,   Tsar Alexander III commissioned Faberge to create an Easter egg as a gift for his wife, Empress Maria Fedorovna. With this simple gift, the Faberge Imperial Egg Collection was born. The first egg was called the Hen Egg. Inside a white enameled shell rested a solid gold […]

Rough Planning and the Retail Diamond Market: A Changing Relationship

Every rough diamond contains a world of possibilities. There are many ways that a rough diamond can be cut and polished to create saleable, profitable diamonds. Over the past few decades, there has been a revolution in the way that rough diamonds are planned, due to the development of optics technologies that provide accurate internal […]

Sarine Loupe™ Launches New Diamond Imaging View Modes

A diamond is laden with emotional and economic significance, yet more than anything else, it is a visual experience. A diamond’s beauty is not just symbolic – it is very real. It is a result of the diamond’s individual 4Cs features, as well as the way it interacts with light – its ‘light performance’. It […]

SPECTRUM – Diamond Industry News #24

This edition of Spectrum diamond news and trends is a fascinating roundup that takes us deep into the debate about lab grown and mined diamonds, then 750 kilometers beneath the earth to where blue diamonds form. From there we travel into the minds of millennial consumers, with a recent study about their jewelry buying habits. […]