In our experience, IGI is not as strict as GIA when grading natural diamonds, but this does not mean they should be ruled out entirely. With an informed decision, it is still possible to acquire a good-quality IGI graded diamond.
Because IGI is loosely structured globally, slight
inconsistencies among its labs may exist, depending on their location.
As a rule of thumb, it is safe to assume a one-grade color inconsistency between GIA and IGI graded diamonds in D-I color. This inconsistency is much minor for J and lower color
range diamonds. One can also expect a one-grade clarity inconsistency in IGI and
GIA graded diamonds, especially in high investment-grade diamonds with D-F
color and Flawless to VVS diamond clarity range.
Be clear with the retailer and ask questions about the clarity of SI1 and SI2 IGI graded diamonds, as they might not be eye-clean. Make sure low-clarity grade IGI diamonds are eye-clean with no obvious noticeable inclusions.
On the bright side, around 10-20% of IGI graded diamonds might
be consistent with how GIA would grade them. How? Human beings grade
diamonds; individual gemologists grade and then cross-examine them. Therefore,
some gemologists in IGI may be as strict as those in GIA. The problem
is that they do not grade diamonds consistently across the organization as GIA.
The moral of the story is that unless it is an excellent deal, you are probably not getting a reasonable price on an IGI graded diamond—it is just graded higher than it would be in a GIA report.
Think about it; every dealer knows they would get a better price for a GIA graded diamond (if it is a high-quality stone, as the report says it is) and would also sell fast. So, what is their incentive to
grade the diamond by IGI? Deep down, they know it is more lenient than GIA and would give more favorable results.
When buying IGI and GIA graded diamonds, pay attention to
the types of reports available:
- GIA
offers diamond dossiers, typically for small diamonds, and full
grading reports for diamonds of any size.
- IGI
provides two types of diamond grading reports: mini-reports and full
grading reports.
Unlike
GIA dossiers with sufficient information, IGI's mini-grading reports, often issued to vendors in shopping malls, are limited in providing sufficient data about a diamond, especially its cut quality.
If you
are buying an IGI graded diamond, make sure you buy a diamond with a full IGI
report issued by one of their well-established labs in the U.S. or Antwerp.