The next “firestorm” is about to hit the diamond industry!
As though we haven’t been through enough!
I was fortunate to have attended a
GIA-Sponsored Event
held at the
Figueroa Hotel
last Tuesday night. The topic of discussion was Diamond Certificates that have the Diamond’s Origin listed.
Although I believe the concept is a good idea, it will bring immeasurable harm to diamond dealers who carry a large inventory of GIA certs that DO NOT currently include the diamonds' ORIGIN.
The ORIGIN of a diamond can only be determined by its ‘DNA’. Every Diamond has a different DNA, and therefore the rough diamond would need to be examined by GIA prior to cutting. After cutting, the DNA would once more have to be re-examined and recorded, and then matched up with that original stored DNA.
What would happen to all those GIA certified diamonds that are currently owned by dealers, that DO NOT have the stone’s origin on them?
Yes, a Ruby, Sapphire and Emerald can have its ORIGIN determined after cutting, but that does not hold true for Diamonds!.
You may have the perfect diamond in your inventory for a customer, but if they demand Origin Identification....
it can create problems
!
