Tuesday, April 30, 2013

Will you buy a 'man-made' diamond? - Gemesis Presents 'World’s Largest, Whitest Lab-Created Diamond'

Gemesis Diamond Company, the world’s principal distributor of high-quality lab-created diamonds and jewelry, currently offers a 1.29-carat, E color, VVS2 clarity, emerald-cut diamond – the world’s largest, whitest lab-created diamond – on Gemesis.com.  This  diamond’s retail value is $7,633.64.


According to the international color scale, colors D to F are very rare, with D being the highest level of colorlessness. Certified by the International Gemological Institute (IGI), this diamond – as with all Gemesis colorless lab-created selections – is classified as the purest type IIa, which is extremely rare in nature. Additionally, Gemesis now sells several different lab-created emerald, princess and round-cut diamonds in colors D, E and F on its eCommerce website.

"This is a significant milestone," stated Gemesis' director of marketing, Martin DeRoy. “Gemesis is proud to offer this new choice – lab-created diamonds that possess the same exceptional quality, color and clarity as mined diamonds. We look forward to continuing to produce high colors (D to F) in larger sizes, with increased regularity in the near future.”

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 "Will you choose a laboratory created diamond for your engagement ring?"
For the purpose of saving the environment or for its conflict free associations?
Having said that, there is currently a 1.27ct E-VVS2 Emerald cut diamond listed on the international market that will easily retail for well over the US$10,000 mark. It is also GIA certified. The most recognised diamond grading laboratory in the world.


Here's where it's rather mis-leading and a few cans of worms I must open.
The IGI laboratory is not quite on the same par as GIA laboratory. In the diamond industry, their grading has always been looked as a 'loose opinion' of a diamond's true grade.
One of my many first hand experiences involving the differences in laboratory grading includes this time when a client purchased a beautiful diamond stated a F - colour, VS2 -clarity on an IGI cert. They were uncomfortable or unfamiliar with IGI, and requested for this very same gem to be sent to GIA for a re-grade. It returned as a H - colour, SI2 - clarity by GIA. That difference is significantly remarkable and will also result in a distinct difference in PRICE.

So did they buy a F-VS2 or a H-SI2? What do we do with that near $4000 difference in price point with the drop in colour and clarity?! The ending was not pretty and an encounter to mark and prove that just because a diamond comes with a laboratory certificate, it does not mean it really is what the paper says it is. Hence why jewellery shops, professionals, graders still operate and the human eye and shopping experience cannot really be replaced by buy a diamond online...
I am not here to even say that GIA is a perfect laboratory on its own.... the story goes on...

And so does the allure of the natural diamond... formed underground.. millions of miles away, millions of years old and millions more to go... forever.. befitting the core significance of the engagement ring...

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