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 Diamonds by Lauren

Diamonds by Lauren

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 Diamonds by Lauren selects only the most desirable and and well-cut diamonds. We carry loose diamonds and diamond jewelry in virtually every fancy shape and color. Our team of specialists are here to help you buy jewelry that is not only beautiful, but at a great price.
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A word about Gem Labs, and how they relate to diamond buying.

When it comes to high dollar diamonds, very slight differences in appearance ( grades) can create HUGE price differences.

For an example, let's compare two hypothetical diamonds. Let's assume both have been graded by GIA, and both are really well cut.

One is a D Internally Flawless 2.00 Round Brilliant, at about $70K+

The other is a E/VVS1 2.00 Round Brilliant- at around $46k+

The imperfection which constitutes a VVS1 is microscopic- yet it can cost the cutter $24,000 in this hypothetical example.

To prove a D/IF is actually internally flawless, no dealer will accept anything short of a GIA report.

What would a dealer pay for the same D/Internally Flawless Diamond prior to GIA grading it?

Hard to say exactly, but surely the highest price a buyer might pay would be the price of E color VVS1. For this reason, cutters need to use GIA - there's a lot of money at stake.

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 mind, 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. If we are speaking of colorless diamonds, I'm talking about I color and better- SI2 clarity and better.

J-K colors, and imperfect diamonds are more commonly offered without GIA ( or with lesser reports) But if we compare the prices of D and E above with a typical $8k K-L SI3 2 carat, it's easy to see why the presence of a GIA report means less.

Now if it was a 1.00 at $8000- then it had BETTER have a GIA report.

Gem Labs and Fancy Colored Diamonds

We deal in a lot of Fancy Color Diamonds.

The cutter has a Fancy Intense Yellow which is one of the darkest I've ever seen- he feels it's a vivid- and it asking 20% above the price of an intense. I have not bought the diamond, but I understand why he feels the way he does.

Since the grading if diamonds is really more of an art than a science, there are "borderline" diamonds which GIA might call- say VS1 one time- and VVS2 another.  For me, as a trader- I live with this as a fact of life. Say we buy a diamond from our cutter before it has a GIA report, and we think it's Fancy Intense Yellow -say it's would sell for $20k.

Say we send the diamond off to GIA who grades it Fancy Yellow- which sells for $15k- well, the diamond is now worth $15k.

What if we sent it to JGL ( Joe's Gem lab) who gives it Fancy Vivid Yellow- is it worth more? No, it's probably worth a lot less than the diamond with a GIA grade of Fancy Yellow.

Bottom line again: On high dollar Fancy Colored Diamonds, accept nothing less than GIA. Many lighter yellows, and browns are commonly traded without GIA reports.




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