Many dealers in diamond trade have abused market principles to sell lower grade diamond as if they were really first grade. Such over grading attempts in the stone market have led to a number of consequences such as the recent Diamond Doctor Lawsuit. If anything, experts agree that Diamond over-grading is both a legal and ethical issue that the diamond and retail market currently faces. Reports reveal that a lot of diamond worth billions of dollars has been sold to consumers in the last few years, since the vice penetrated the market.
Discover the truth about diamond over-grading
It is quite disappointing to pay top dollar for something that is not really worth it. For example, most buyers know that diamond is priced based on its grading. A G-rated diamond is pricier than an N-rated piece. As a buyer, you would obviously feel conned if you paid the amount for a G-rated diamond when it was actually an L-rate. Experts in the industry advise that buyers should always observe GIA ratings in each piece of stone they buy including diamond, gold, or others. Unfortunately, those who are engaged in over grading business are not ashamed of their actions. Recent consequences such as Diamond Doctor Lawsuit can serve to retard the consequences of such insincere and unethical dealers.
Third party grading of diamonds
Many companies do not have what it takes to provide buyers with accurate grading of diamond or other stones. Unfortunately, many buyers have suffered in the hands of these unscrupulous traders in the stone market. The dealers over grade the stones and sell them for a price higher than what they really deserve. As a buyer, you should ensure at all times that you get the best value for your jewelry. The dealers that engage in over-grading practices believe that the higher the grade the higher the price, which in the end works to their benefit, and not the customer’s. When the public comes to learn of such cases, it leads to consequences such as the recent Diamond Doctor Lawsuit.
Diamond over-grading is unethical
In addition to being costly to consumers, diamond over-grading is unethical for many reasons. First off, cheating in the stone market will simply ruin the success of the entire industry. Dealers such as Dallas Texas Diamond Doctors should know this. The recent Diamond Doctor Scam was an eye opener to many diamond buyers. The over-grading business is eroding the appeal of diamonds, which are prestigious and stunning pieces of jewelry. Over-grading them lowers their quality.
Always stick to GIA rating
Created in the 1950s, the Gemological Institute of America continues to provide accurate and honest grading reports in the industry. The grading standards of the movement are accepted because they ensure that the customer gets value for money.
Gold over-grading is a serious case in the gold market today. Maybe you have heard of Diamond Doctor Scam or Diamond Doctor fraud cases. Such incidences arise due to lack of honesty in the market, in which the involved companies cheat customers on the value of the jewelry. If you want to get value for your money, always stick to GIA ratings. For more information please visit this site http://www.diamonddoctorlawsuit.com/