It would seem consumers are now aware of the jewellery industry’s dirty little secret: diamond grading is subjective. Though many graded stones are generally accepted as accurate to the issued report, there are just as many reports containing grading errors or bias.
Earlier this year, I had the opportunity to visit my daughter’s Grade 4 class to make a brief presentation on gemmology, as well as the gemstone and diamond industries. It was meant to be part of their geology studies, which they were studying at the time, and so the principle focus of my talk revolved around some of the core foundations of our industry.
Over the last 90 years, some of the most prominent gemmologists and gemmological institutions have aimed to create scientific consistency. The principal goal of their endeavour has been to formalize a standardized, unbiased language to accurately describe diamonds and gemstones.
Experience and keen perception are a must in the jewellery industry. Since the scale of the object is most often very small, this is a good place to start training the eyes to see things that can truly make a difference in value and price.
The old adage stills seems to hold true when it comes to the jewellery industry—the more things change, the more they stay the same. As the industry grows and adapts to transformations in the day-to-day business cycle resulting from new technologies, products, and information, we are continuously faced with the seemingly insurmountable challenges of gemstone and diamond treatments.
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