Many people think that the price of the diamond is decided by its size. It is not the case at all! Diamond has very strict verification criteria and many people must have heard of the diamond 4C standard, a consistent ID verification.
Diamond 4C stands for COLOR, CARAT WEIGHT, CLARITY, and CUT. The 4C standard for diamonds has a direct impact on diamond prices.
4C parameters are written on a certificate with international authority, the most common being the GIA international diamond certificate, equivalent to diamond’s “identity card”. We can only rely on this to offer consumers with authority and reliable basis.
GIA is short for Gemological Institute of America, which is of high authority. The certificate in the international and domestic markets is well accepted and acknowledged. Diamond 4C information on the certificate is very clear and you can also log on the official GIA website to verify details.
GIA is an independent, non-profit organization with a long reputation for impartiality. The code on GIA diamond girdle not only ensures the uniqueness of diamonds, but also serves as an important basis for diamond verification. More and more consumers have learned how to verifyby entering the code on the GIA official website.
Diamond Certification (most commonly from labs GIA, AGS, IGI, EGL, GSI, and HRD) is a document you receive from an objective 3rd party lab that describes a diamond in all of its characteristics.
Along with each diamond you’re considering, you should receive and review its lab certification. This lab report or certificate will be issued by a grading entity and describes various elements of the diamond, such as Color, Clarity, length and width. Trained professionals evaluate, scrutinize and measure the diamonds using professional tools, such as a loupe or microscope.
There is no way to fake that except if you have a laser inscription machine and an F clarity diamond (no clarity characteristics at all), which is super rare. In that case one might use a better certificate for a slightly weaker stone.
There are indeed counterfeit GIA reports (GIA does not call them certificates) circulating. However there are ways to make certain that a report is genuine. GIA reports contain security features that are difficult to fake including a hologram, watermarks, microtype etc. The GIA has an online service called report check. You can input your report number and check to see if the metrics of the report you have match those in the GIA database.
From the perspective of counterfeiting documents, not all that difficult. Lots of people counterfeit money, a GIA certificate would not pose any additional difficulty. However, the relatively small potential gain is not worth the bother or the risk. Think about it. If you are a diamond merchant, your reputation and integrity is the most valuable business asset you have. If people in the jewelry industry were to get wind of you falsifying a GIA certificate, no one would do business with you. Weigh that risk against a couple of thousand dollars at the far, far outside in potential increased profit on the sale of a diamond. Not very many people are going to do that.