Diamonds Price and Certification - Does price vary?

新加坡金沙app「诚|信」

<object id="nbtez"></object>

      <acronym id="nbtez"><label id="nbtez"></label></acronym>
    1. <td id="nbtez"></td>

      Prices of Diamonds Graded by 3 Different Laboratories

      Diamond Grading Laboratory Survey
       
      by David Atlas[1], Garry Holloway[2], and Leonid Tcharnyi[3]
      August 6, 2004
       
      Abstract
       
      An analysis of trading prices showed that the trade adjusts prices based on expected strictness of diamond grading reports.
       
      To confirm or deny the trades expectation of grading strictness, the authors conducted a small 17 diamond independent survey of GIA, AGS and EGL USA lab grading. The diamonds were anonymously submitted from three different sources.
       
      In half the cases AGS clarity grading was one grade stricter than GIA. In two thirds of cases EGL USA color grading was one grade softer but clarity grading in a third of cases was stricter than GIA. Industry opinions were confirmed and by large each lab graded consistently to its own apparent standard, considering the high degree of human subjectivity involved.
       
      In conclusion: The study confirmed that business to business Internet listings effectively priced diamonds graded by these laboratories  
      This independent survey of GIA, AGS and EGL USA lab strictness and consistency was conducted by anonymously submitting 17 diamonds from three different sources. In half the cases AGS clarity grading was one grade stricter than GIA. In two thirds of cases EGL USA color grading was one grade softer but clarity grading in a third of cases was stricter than GIA. Some myths concerning these labs were not confirmed; variations in grading indicated a high degree of human subjectivity.
       
      An analysis of trading prices for the diamonds showed that the trade adjusts prices based on expected strictness of the grading reports.
       
      In conclusion: There are brand and price differences between not just diamonds, but also laboratories. An informed buyer can choose a diamond with a more prestigious report and easier resale, for possibly a higher price, or a diamond with a likely lower cost. ----->
       
      1. Introduction
       
      Diamond prices are dramatically dependant on the 4C's (carat, color, clarity and cut); a difference of only one color or one clarity grade can result in price variations of 3% to more than 25%.
       
      For many years, buyers and sellers determined diamond grades by themselves. But in the 1953 the Gemological Institute of America (GIA[4]) established a grading system for color and clarity and began using this system in its independent diamond grading laboratory. Today there are many large and small gemological labs world-wide that offer third party diamond grading services. Trade insiders believe that some labs are stricter and more consistent, while other labs are softer (i.e. give higher grades) or may be less consistent. Consequently it is believed the diamond trade adjusts diamond prices based on the lab that issued grading reports.
       
      The only published source of price comparison the authors are aware of, between diamonds graded by different labs, is listed on Polishedprices.com:
       
      Certificate Calculation factors according to Polishedprices.com
      Certificate Factor
      AGS 1.028
      CGL 1.000
      GIA 1.000
      HRD 0.981
      IGI 0.944
      EGL 0.935
      NONE 0.935

       
      Today’s consumers are learning more about diamonds and pricing. Websites like Pricescope.com and others have contributed to the public's greater knowledge. Many have learned that diamonds graded by GIA-GTL or AGSL[5] are priced at premiums compared to diamonds with reports from other labs. The current study compares lab strictness but importantly, for the first time that the authors are aware of, this survey includes a pricing and value comparison.
       
      The prices of a significant quantity of diamonds, more than 50,000, are publicly listed on-line and GIA, EGL USA[6], and AGS graded diamonds were represented in large enough quantities to be included in this study.
       
      The reason for a grading lab to give softer grades is to get more business from diamond manufacturers, retailers or wholesalers who want to increase their profits by selling diamonds given higher grades at higher prices. However, EGL USA has claimed recently to have been grading stricter.
       
      This survey is the first in a decade[7] that the authors are aware of, was not intended to prove that any lab is better than another. Diamond grading is a subjective art. The consumers should be aware that a grading report is that labs opinion, and not a fact. This was illustrated by the fact that none of the 17 stones were given the same grade for both color and clarity by all 3 labs. One of Pricescope's main intentions with this survey was to compare the relative trading values of diamonds graded by various labs.
       

       

      [1] Accredited Gem Appraisers, Philadelphia, PA
      [2] Ideal-Scope.com and Precious Metals, Melbourne, Australia
      [3] Pricescope.com, Toronto, ON, Canada
      [4] The Gemological institute of America (GIA) is recognized world wide and is a not-for-profit organization. However the GIA-Gem Trade Lab is a very profitable business that reinvests its dividends from grading diamonds and gemstones back into gemological education and gem identification and treatment detection research. According to Pricescope' stats, about 73% of all diamonds listed in the Internet are accompanied by GIA-GTL reports. It is a commonly held belief that GIA-GTL grading reports are the strictest in the industry today.
      [5] American Gem Society Laboratory (AGSL) jointly owned by the AGS, a not-for-profit organisation, and a group of AGS investor members. It is known for publishing its own diamond round brilliant cut grading system in 1996 which has established it in a niche in the USA diamond market for AGS Zero or "Ideal Cuts". AGSL reports are also regarded as being very strict and consistent. AGSL graded diamonds are only about 5% of all round cut stones listed in the Internet but comprises about 40% of round diamonds cut to today's "ideal" proportions and finish.
      [6] Originally EGL had several franchised labs in different countries (Belgium, Israel and USA). Today EGL-USA is privately owned and operates four labs in USA and Canada. About 23% of all diamonds listed in the Internet are graded by European Gemological Laboratories (EGL); EGL and EGL USA listings are included together. EGL USA has a trademark claim in the courts seeking to stop the importation of diamonds with accompanying EGL reports from outside USA. EGL USA claims to have tightened up its grading standards.
      [7] JCK magazine ran a survey in the mid 1990's
       
       

      Method of Survey

       
      This survey was funded by Pricescope, including the expenses of two additional grading reports and shipping of the diamonds. None of the surveyed labs were made aware of the survey.
       
      Three labs were surveyed:

      1. GIA-GTL.
      2. AGSL.
      3. EGL USA.
      These three labs were chosen because there are reasonable sized commercial data bases of pricing information to enable cost comparisons.
       
      Pricescope approached three independent diamond vendors: DirtCheapDiamonds.com, EngagementRingsDirect.com and Whiteflash.com to provide diamonds from their inventories. These stones had already been graded by either GIA-GTL or AGSL and they were then sent to the two other grading laboratories. The vendors were aware of the purpose of this experiment and the need for secrecy. They knew that other vendors would be participating in this survey, but they were not informed of the identity of the other vendors.
       
      In total 17 round brilliant cut diamonds were selected for the survey, but one was inadvertently sent to GIA-GTL twice (and received different clarity grades). They ranged from 0.6 -1.25 carat, E – J color and VVS2 – SI2 clarity ranges. The sizes and qualities were chosen to represent frequently traded range of diamonds. The vendors were asked not to deliberately select stones that they considered to be border line examples or stones that in their opinion had been "missgraded". See Appendixes I - V for all diamonds' details.
       
      Each of the diamond vendors independently submitted their already lab graded diamonds to two additional grading labs. Namely:
      • tyle="text-decoration: underline">DirtCheapDiamonds.com selected 6 diamonds (5 with AGSL and 1 with GIA-GTL reports) and submitted them to GIA and EGL USA
      • EngagementRingsDirect.coman selected 4 diamonds with GIA-GTL reports and submitted them to AGSL and EGL USA
      • Whiteflash.com selected 7 diamonds with GIA-GTL reports and submitted them to AGSL and EGL USA.

      Summary of the results


      Diamond grading is not a science; it is a subjective skill. As mentioned, none of the 17 diamonds in this survey was given the same grade for color and clarity by all three laboratories. Due to the subjectivity of human color and clarity grading, it is virtually impossible to say whether one or another grade is absolutely accurate. Instead we decided to consider whether two of the labs grades were stricter or softer compared to GIA-GTL grades. We made this decision because GIA-GTL is the largest lab and is considered as a market leader.
       
      To underline the subjectivity of diamond grading it is worth noting that stone #10 already had a 6 month old GIA-GTL report, but was inadvertently resubmitted to GIA-GTL (it was to have been sent to for an AGSL report, which explains its absence). The color was given the same grade, but the clarity on the GIA-GTL report was VS1 on the earlier October 2003 report and VS2 on the April 2004 report. In discussions with the GIA about this particular stone they noted that in their private records on both occasions that it was a border line VS1 / VS2.  The authors chose to include the stone at its softer GIA-GTL grading.
       
       

      Relative comparison of the Clarity and Color grades

        Table 1.a. Carat, color and clarity of the diamonds used in the survey
       
       
      No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
      Carat 0.74 0.78 1.08 1.11 0.62 0.60 0.62 0.62 0.71 0.70 0.79 0.71 0.75 1.13 1.02 1.23 0.70
      Color
      GIA F F H G I I G H H H E E H J E G H
      AGS F F G G I H G H H n/a E E H I F G H
      EGL E E G F H H F G G G E E G I F G H
      Clarity
      GIA SI1 VS2 SI2 SI2 VS1 VVS2 VS1 VS2 SI2 VS1 SI1 SI1 SI1 SI2 VVS2 VS1 VS2
      AGS SI2 VS2 SI2 SI2 VS2 VVS2 VS2 SI1 SI2 n/a SI2 SI2 SI1 SI1 VS1 VS2 SI1
      EGL SI1 VS2 SI2 SI2 VS1 VS1 VS2 VS2 SI2 VS2 SI1 SI2 SI1 SI1 VVS2 VS2 SI1

      No. 1
      Carat 0.74
      Color
      GIA F
      AGS F
      EGL E
      Clarity
      GIA SI1
      AGS SI2
      EGL SI1
      No. 2
      Carat 0.78
      Color
      GIA F
      AGS F
      EGL E
      Clarity
      GIA VS2
      AGS VS2
      EGL VS2
      No. 3
      Carat 1.08
      Color
      GIA H
      AGS G
      EGL G
      Clarity
      GIA SI2
      AGS SI2
      EGL SI2
      No. 4
      Carat 1.11
      Color
      GIA G
      AGS G
      EGL F
      Clarity
      GIA SI2
      AGS SI2
      EGL SI2
      No. 5
      Carat 0.62
      Color
      GIA I
      AGS I
      EGL H
      Clarity
      GIA VS1
      AGS VS2
      EGL VS1
      No. 6
      Carat 0.60
      Color
      GIA I
      AGS H
      EGL H
      Clarity
      GIA VVS2
      AGS VVS2
      EGL VS1
      No. 7
      Carat 0.62
      Color
      GIA G
      AGS G
      EGL F
      Clarity
      GIA VS1
      AGS VS2
      EGL VS2
      No. 8
      Carat 0.62
      Color
      GIA H
      AGS H
      EGL G
      Clarity
      GIA VS2
      AGS SI1
      EGL VS2
      No. 9
      Carat 0.71
      Color
      GIA H
      AGS H
      EGL G
      Clarity
      GIA SI2
      AGS SI2
      EGL SI2
      No. 10
      Carat 0.70
      Color
      GIA H
      AGS n/a
      EGL G
      Clarity
      GIA VS1
      AGS n/a
      EGL VS2
      No. 11
      Carat 0.79
      Color
      GIA E
      AGS E
      EGL E
      Clarity
      GIA SI1
      AGS SI2
      EGL SI1
      No. 12
      Carat 0.71
      Color
      GIA E
      AGS E
      EGL E
      Clarity
      GIA SI1
      AGS SI2
      EGL SI2
      No. 13
      Carat 0.75
      Color
      GIA H
      AGS H
      EGL G
      Clarity
      GIA SI1
      AGS SI1
      EGL SI1
      No. 14
      Carat 1.13
      Color
      GIA J
      AGS I
      EGL I
      Clarity
      GIA SI2
      AGS SI1
      EGL SI1
      No. 15
      Carat 1.02
      Color
      GIA E
      AGS F
      EGL F
      Clarity
      GIA VVS2
      AGS VS1
      EGL VVS2
      No. 16
      Carat 1.23
      Color
      GIA G
      AGS G
      EGL G
      Clarity
      GIA VS1
      AGS VS2
      EGL VS2
      No. 17
      Carat 0.70
      Color
      GIA H
      AGS H
      EGL H
      Clarity
      GIA VS2
      AGS SI1
      EGL SI1
        Table 1.b. AGSL and EGL USA Grading Compared to GIA-GTL  

      ? AGSL (out of 16) EGL USA (out of 17)
      Clarity Stricter 9 (56%) 6 (35%)
      Same 6 (38%) 10 (59%)
      Softer 1 (6%) 1 (6%)
      Color Stricter 1 (6%) 1 (6%)
      Same 12 (75%) 4 (24%)
      Softer 3 (19%) 12 (71%)

        fig1.gif Figure 1. Difference in Clarity Grades Compared to GIA-GTL. Below the line corresponds to softer grading (higher grade) and above the line is stricter grading (lower grade) fig2.gif Figure 2. Difference in Color Grade Compared to GIA-GTL. Below the line correspond to softer grading (higher grade) and above the line is stricter grading (lower grade). fig2b.gif fig2c.gif 3.1.1. Stone # 10 GIA Resubmission Difference This diamond already had a GIA-GTL report (Oct. 2003) and was inadvertently resubmitted to GIA-GTL. It was to have been sent for an AGSL report, which explains the absence of AGSL data. The second report (April 2004) received the same color grade but a one grade stricter clarity (VS1 down to VS2). For consistency purposes a comparison was made using the first GIA-GTL report. Other notable differences on these two reports in chronological order were depth percentages of 61.6% to 61.8%, table sizes 57% to 56%, girdle "Medium to Thick" compared to "Medium to Slightly Thick".There was a small dimensions difference: 5.67-5.70x3.50mm compared to 5.67-5.69x3.51mm. The most recent report had a comment "Clouds are not shown". Both plots appear similar. Both sets of proportion data (and that from the EGL USA report) were entered into DiamCalc, the OctoNus diamond modeling software, and it was found that girdle thickness was likely to be on the thicker side of slightly thick for the stones carat weight.  


      Cut Grades

      Comparison of the contentious issue of cut grades was not possible, since GIA-GTL reports do not rate a diamonds proportion based cut quality. Under the heading ‘Proportions’ are depth percentage, which is the depth divided by average diameter and multiplied by 100, table size as a percentage of the average diameter, the girdle in descriptive wording and finally culet size description. A sub heading ‘Finish’ lists polish and symmetry. Both other labs give crown and pavilion information; AGSL gives both angle and percentage data and EGL USA gives crown height and depth percentages. GIA-GTL noted under comments any diamond with a crown angle greater than 35° or less than 30°. The information provided by AGSL and EGL USA enables proportion grades to be checked with cut grading systems provided by the authors on?cutadviser and www.gemappraisers.com. 3.2.1 Proportion Grading AGSL has an optional report system for round diamonds that grades a diamonds cut against a comparatively tight set of proportions. The top grade is ‘zero’ and the worst grade is 10. AGS 0 has become synonymous with the term ‘Ideal Cut’ in North America (stones # 5 to # 10). EGL USA produce optional reports with proportion based cut grade results (e.g. stone # 7 is called EGL IDEAL PLUS). Researchers in the field of cut studies debate the use of parameter ranges for cut grading round diamonds. It would be fair to say that all three labs (and most others) are un-satisfied with the parametric based approach. GIA[1] and AGS[2] now recognize that diamonds with the steepest crown and deepest pavilion, within a cut grade category, are not as attractive as many diamonds of lower grades, with combinations of shallow crown and deep pavilion, or steep crown and shallow pavilion. The same is true for shallowest crown and pavilion combinations. The GIA is conducting a costly decade long cut study to establish a cut grading system. This has taken longer than planned. At the 2004 Basel GemFest GIA released information indicating that its new cut grade system will account for the above mentioned relationship between crown and pavilion angles. 3.2.2 Symmetry and Polish Symmetry and polish were graded for all stones by all three labs. The table below describes the terminology used by each lab.  
      GIA-GTL AGSL EGL USA
      Excellent Ideal Excellent
      Very Good Very Good Very Good
      Good Good Good
      Fair Fair Fair
      Poor Poor Poor
      Generally the Polish and Symmetry grades of GIA-GTL and AGSL coincide with each other for Excellent/Ideal and Very Good and Good grades. All three labs gave similar grades for diamonds rated as Good. However EGL USA reported mostly Good or Very Good Polish and Symmetry for diamonds that were graded Excellent / Ideal by GIA-GTL and AGSL respectively.
      [1] GIA-GTL presentation at Basel GemFest April 2004 [2] AGSL presentation at the First International Diamond Cut Conference April 2004.


      Clarity Plots and Comments

       
      A comparison of the diamonds and the plots from all three labs showed that AGSL report plots had a consistency and greater degree of detail than the GIA-GTL reports. The plots of the EGL USA documents were close to the quality of AGSL and contained adequate detail. See Appendix V.
       
      GIA-GTL made the most use of comments (12 clarity or surface feature comment on a total of 18 reports), followed by AGSL (10 such comments on 16 reports), however EGL USA made none. GIA-GTL’s stated practice is to plot only the marks that set the clarity grade, with others often being referred to in the comments section; this policy was reflected in the absence of a few inclusions which were reported in the comments section. GIA-GTL plotting was also somewhat less intensely drawn.
       

      Laser Inscription

       
      Stones # 1 and # 2 both had laser inscriptions noting GIA registry numbers. AGSL noted the both laser inscription numbers on its reports and in one case assigned a stricter clarity grade.
       
      EGL USA noted the inscriptions in preliminary grading data faxed to the vendor before printing the reports but did not make a comment on its reports. EGL USA gave both stones a softer color grade.
       


      Girdle Thickness

      Differences in girdle thickness reporting were slight. See Appendix III. In general, AGSL reports described more detail concerning variation in thickness.
       
       

      Measurements and Depth Percentage


      All measurements and proportions are shown in Appendix III.
       
      Confirming the largest and smallest diameter of a diamond with a micrometer is difficult. This survey did not attempt to check the accuracy of diameter measurements, which are generally reported by a Sarin Technologies scanning device. Diameter variations of 0.01 to 0.03mm were common. Depth measurements varied from none to 0.03mm, with an average of less than 0.02mm. It is a common practice to identify a diamond, or to ensure that a diamond matches its report, by comparing its measurements to those on the certificate.
       
      Measurement variations led to inconsistencies in depth percentages, which varied by an average of 0.4% and as much as 0.7% between different laboratories. Depth percentages and table size ratios are used by many buyers to make purchasing decisions; therefore measurement accuracy affects a diamonds market value.
       
       

      Pricing

      Price analysis was based on the statistics and prices of more than 50,000 unique diamond listings available via the Internet during the first week of July, 2004.
       
      3.7.1. Market price adjustment
       
      AGSL graded diamonds with Ideal Polish and Symmetry are often priced about 8% - 10% higher than similar GIA-GTL graded diamonds with Excellent/Excellent symmetry and polish. However this differential fluctuates over time and carat weight ranges; a week later than this survey’s analysis period, equivalent GIA-GTL and AGSL listed diamonds in the 0.6-0.69 carat range averaged out at the same price. The relatively small numbers of these stones, and the niche nature of this business, means the various margins of a small number of vendors can have a large effect on the average price results.
       
      A number of the diamonds in this survey were not graded as AGS 0 by AGS; these diamonds trade at a lower premium to GIA stones. This has been taken into account in the pricing of these stones.
       
      EGL graded diamonds are currently offered within the trade at 9% - 15% lower than the same grade GIA-GTL stones. Our statistics[1] show little (within ±3%) difference in prices for diamonds graded by EGL USA and EGL overseas, although anecdotal evidence suggests a larger differential.
       
      Table 2. An example (using stone # 3) of the method used to calculate the market price comparisons in Table 3.

      E.g. stone # 3 GIA EGL
      Carat 1.08 1.08
      Color H G
      Clarity SI2 SI2
      Number of stones in database 85 54
      Avg. Price $4,248 $3,634
      Price difference -14%


       


      [1] The only way to automatically differentiate listed diamonds graded by EGL USA from EGL in other countries was by the grading report numbers; EGL USA report numbers start with 'LA’, 'US' or '7', or end with 'D'. At the time of this survey there were some 2,500 diamonds in Pricescope database with EGL grading reports that satisfied this condition and about 4,100 listings with EGL reports with numbers that did not. Report numbers were not available for all EGL graded diamonds.
       

      Price differences for surveyed diamonds


      Table 3. Average cost of all 17 stones based on their grading and the premium or discount[1] that their certificates attract.
      Stone # GIA-GTL AGSL EGL USA
      Price Price Diff. to GIA Price Diff. to GIA
      1 $2,576 $2,296 -11% $2,458 -5%
      2 $2,922 $2,922 0% $2,758 -6%
      3 $4,248 $4,426 4% $3,634 -14%
      4 $4,540 $4,541 0% $3,925 -14%
      5 $1,522 $1,456 -4% $1,527 0%
      6 $1,496 $1,964 31% $1,478 -1%
      7 $2,075 $1,915 -8% $1,707 -18%
      8 $1,607 $1,501 -7% $1,569 -2%
      9 $2,058 $2,219 8% $1,696 -18%
      10 $2,453     $2,212 -10%
      11 $2,952 $2,668 -10% $2,624 -11%
      12 $2,653 $2,398 -10% $2,103 -21%
      13 $2,152 $2,152 0% $2,137 -1%
      14 $4,127 $5,907 43% $4,716 14%
      15 $8,451 $7,264 -14% $6,739 -20%
      16 $8,255 $7,708 -7% $6,323 -23%
      17 $2,246 $2,047 -9% $1,892 -16%
      Average $3,314 $3,337 1% $2,912 -10%
      Stone #
      1
      GIA-GTL
      Price
      $2,576
      AGSL
      Price
      $2,296
      AGSL
      Diff. to GIA
      -11%
      EGL USA
      Price
      $2,458
      EGL USA
      Diff. to GIA
      -5%
      2
      GIA-GTL
      Price
      $2,922
      AGSL
      Price
      $2,922
      AGSL
      Diff. to GIA
      0%
      EGL USA
      Price
      $2,758
      EGL USA
      Diff. to GIA
      -6%
      3
      GIA-GTL
      Price
      $4,248
      AGSL
      Price
      $4,426
      AGSL
      Diff. to GIA
      4%
      EGL USA
      Price
      $3,634
      EGL USA
      Diff. to GIA
      -14%
      4
      GIA-GTL
      Price
      $4,540
      AGSL
      Price
      $4,541
      AGSL
      Diff. to GIA
      0%
      EGL USA
      Price
      $3,925
      EGL USA
      Diff. to GIA
      -14%
      5
      GIA-GTL
      Price
      $1,522
      AGSL
      Price
      $1,456
      AGSL
      Diff. to GIA
      -4%
      EGL USA
      Price
      $1,527
      EGL USA
      Diff. to GIA
      0%
      6
      GIA-GTL
      Price
      $1,496
      AGSL
      Price
      $1,964
      AGSL
      Diff. to GIA
      31%
      EGL USA
      Price
      $1,478
      EGL USA
      Diff. to GIA
      -1%
      7
      GIA-GTL
      Price
      $2,075
      AGSL
      Price
      $1,915
      AGSL
      Diff. to GIA
      -8%
      EGL USA
      Price
      $1,707
      EGL USA
      Diff. to GIA
      -18%
      8
      GIA-GTL
      Price
      $1,607
      AGSL
      Price
      $1,501
      AGSL
      Diff. to GIA
      -7%
      EGL USA
      Price
      $1,569
      EGL USA
      Diff. to GIA
      -2%
      9
      GIA-GTL
      Price
      $2,058
      AGSL
      Price
      $2,219
      AGSL
      Diff. to GIA
      8%
      EGL USA
      Price
      $1,696
      EGL USA
      Diff. to GIA
      -18%
      10
      GIA-GTL
      Price
      $2,453
      AGSL
      Price
       
      AGSL
      Diff. to GIA
       
      EGL USA
      Price
      $2,212
      EGL USA
      Diff. to GIA
      -10%
      11
      GIA-GTL
      Price
      $2,952
      AGSL
      Price
      $2,668
      AGSL
      Diff. to GIA
      -10%
      EGL USA
      Price
      $2,624
      EGL USA
      Diff. to GIA
      -11%
      12
      GIA-GTL
      Price
      $2,653
      AGSL
      Price
      $2,398
      AGSL
      Diff. to GIA
      -10%
      EGL USA
      Price
      $2,103
      EGL USA
      Diff. to GIA
      -21%
      13
      GIA-GTL
      Price
      $2,152
      AGSL
      Price
      $2,152
      AGSL
      Diff. to GIA
      0%
      EGL USA
      Price
      $2,137
      EGL USA
      Diff. to GIA
      -1%
      14
      GIA-GTL
      Price
      $4,127
      AGSL
      Price
      $5,907
      AGSL
      Diff. to GIA
      43%
      EGL USA
      Price
      $4,716
      EGL USA
      Diff. to GIA
      14%
      15
      GIA-GTL
      Price
      $8,451
      AGSL
      Price
      $7,264
      AGSL
      Diff. to GIA
      -14%
      EGL USA
      Price
      $6,739
      EGL USA
      Diff. to GIA
      -20%
      16
      GIA-GTL
      Price
      $8,255
      AGSL
      Price
      $7,708
      AGSL
      Diff. to GIA
      -7%
      EGL USA
      Price
      $6,323
      EGL USA
      Diff. to GIA
      -23%
      17
      GIA-GTL
      Price
      $2,246
      AGSL
      Price
      $2,047
      AGSL
      Diff. to GIA
      -9%
      EGL USA
      Price
      $1,892
      EGL USA
      Diff. to GIA
      -16%
      Average
      GIA-GTL
      Price
      $3,314
      AGSL
      Price
      $3,337
      AGSL
      Diff. to GIA
      1%
      EGL USA
      Price
      $2,912
      EGL USA
      Diff. to GIA
      -10%


      Price differences compared to similar GIA-GTL graded diamonds.
      Figure 3. Price differences compared to similar GIA-GTL graded diamonds. Each positive or negative difference on the chart corresponds to higher or lower prices for similar diamonds listed for sale with respective reports.
       
       
       
      Figure 4. 56% of the surveyed diamonds would cost less if sold with AGS rather than GIA reports, mainly as a result of stricter clarity grading 80% of the diamonds would cost less if bought with EGL rather than GIA reports. Discounting of EGL graded diamonds was greater than any premiums as a result of softer color grading.





      [1] The premium/discount was calculated from a price study of more than 50,000 diamonds for sale online.
       


      Discussion

       
      AGSL
       
      In 9 out of 16 cases, diamonds with AGSL reports were better deals for buyers, mainly as a result of stricter clarity grades. The average price difference for these 9 stones was 12%. However the average price for all 16 AGSL graded diamonds was 1% more when compared to the prices of the GIA-GTL graded stones because of the large price difference for stones # 6 and # 14.
       
      It is most common for diamonds submitted to AGSL to be of or close to AGS 0. Diamonds graded with AGS ‘ideal’ proportions, polish and symmetry (stones # 5 to # 10) can have a premium of about 8% - 10% over the same grade GIA-GTL diamonds (e.g. stone # 9). Because of this premium diamonds with a softer AGSL grading (e.g. stone # 14) would be unfavorable buys. However, diamonds such as # 1 are good deals with AGSL reports because of stricter clarity grading.
       
      In the past a myth has spread that GIA-GTL and AGSL exchange information, so that both labs give the same grade. Stones # 1 and # 2 both had laser inscriptions noting GIA registry numbers. AGSL noted the laser inscription numbers on its reports and in one case assigned a stricter clarity grade; in this case the myth of collusion is clearly just a myth.
       
      EGL USA
       
      Except for stone, # 14, which received a softer grade from both AGSL and EGL USA, buying a diamond based on an EGL USA report would have cost less (or the same in one case) than buying the same diamond with its GIA-GTL report. The market discounts EGL USA graded stones 10% more than the increased prices that result from often softer color grading. This buyer’s advantage holds when there is a small price difference for one grade of color or one grade of clarity. There were savings of about 20% for 5 out of 17 stones; their EGL USA grades matched or were stricter than GIA-GTL grades, or a softer grade was compensated by another stricter one.
       
      In the case stone number # 14, buying the EGL USA graded stone would have cost more, but both AGSL and EGL-USA graded this stone more strictly for color and clarity than GIA-GTL. In a business to business (B2B) environment diamonds considered to be wrongly graded are often discounted; stone # 14 sold with its GIA-GTL might be an example. This is one reason why Pricescope.com maintains a list of appraisers and recommends consumers use an independent expert to offer advice when buying a diamond from unknown or un-trusted sources.
       
      While EGL USA plots were generally of a high standard, it did not list any comments. Another apparent short coming was inconsistencies in polish and symmetry grading with regard to the other two labs.
       
      Lower B2B offer prices for EGL USA graded diamonds indicate that those sending diamonds to EGL USA do so in the belief that they will receive softer grades. However this survey shows that EGL USA actually grades more strictly than many suppliers probably perceive. It is possible that the difficulty in discriminating between EGL USA and EGL graded diamonds, since most B2B sites list only EGL, that vendors submitting diamonds to EGL USA for grading are being undersold.
       
      EGL USA has distanced itself from EGL franchises outside of North America, and is currently involved in legal actions to stop the importation of diamonds with EGL reports from predominantly Europe and Israel. It has been suggested softer graded diamonds from EGL labs in other countries have damaged the US organizations reputation. The authors own experience, and anecdotal evidence, support this claim. That said, this survey has found that many industry myths are just that; myths. It is behooves EGL USA to prove their point, and to work towards making it possible for both trade and consumers to more easily identify diamonds that have been graded by EGL USA as opposed to EGL.
       
      The lower cost of EGL USA graded diamonds is passed on to consumers who buy on-line from e-tailers who uploaded B2B listings and simply add a set percentage mark-up, the same for all stones. However lower EGL USA grade diamond prices may not always be passed on in full at the retail level. An effective retailer typically prices goods at what the market will bear; it would be reasonable to assume that most consumers would be unaware of the magnitude of the value difference between diamonds with reports from different grading labs. However, even at a retail level, many consumers would be consciously aware of the reputation of the GIA.
       
      EGL USA reports can be identified from EGL reports by a clearly displayed 'USA' on the banner at the top. EGL reports from the other ten national franchises do not usually identify where the grading was performed.
       
      GIA-GTL
       
      The GIA-GTL approach to plotting inclusions showed a slight tendency to more use of 'comments'. Plotting in more detail requires less 'comments' to be noted, and then only for things that cannot be rendered graphically due to their size, relief, quantity, location or marks that might not show up after printing; but plotting in greater detail takes more time. Labs must choose between a plot that might frighten consumers, and the suspicion aroused from listing comments.
       
      It is common for consumers on the Pricescope forum to report confusion and suspicion of diamonds with 'comments' listed on a report; this can reduce the diamonds sales prospects or value. On balance the authors feel that plotting with the fewest possible comments and more ploted details would be the most welcomed method for most dealers and retailers.
       

      Discussion of Brand Value

      In the history of diamonds the demand for certification is a relatively new phenomenon. When GIA-GTL first offered this service in the 1953's the majority of their work was with rare larger diamonds of high color and clarity. Today even diamonds J and lower colors and I2 clarity are often sold with comparatively costly reports; consumers should have no need for a report to judge the acceptability of such diamonds. We may therefore conclude that a diamond grading report itself provides some additional value above and beyond the confidence that the diamond is natural and untreated.

      Diamonds are difficult to brand, but considering that a diamond with a GIA report can cost around 10% more than the same diamond with an EGL USA report, this could be a quantification of GIA's brand value. Here are some possible reasons why GIA adds value:

      1. GIA developed the diamond grading standards.
      2. GIA first established independent reporting for diamonds and gems.
      3. The GIA has trained more gemologists and sales people than all other institutes combined.
      4. GIA offers training and education in many foreign countries.
      5. GIA offers effective distance learning programs worldwide.
      6. GIA graduates often prefer to buy and sell diamonds with GIA-GTL reports.
      7. Diamonds graded by GIA-GTL have the excellent re-sale liquidity.
      8. A GIA-GTL graded diamond appears to have the GIA's stamp of approval.

      There are, however, some disadvantages associated with GIA-GTL reports.

      1. Additional cost.
      2. No crown and pavilion data for cut quality analysis.
      3. Hence poorly proportioned diamonds are likely to be graded by GIA-GTL.
      4. GIA-GTL reports generally cost more than most other labs.
      5. GIA-GTL takes much longer to grade a diamond than other labs.

      Diamonds with AGSL reports command the same or slightly higher prices as GIA-GTL graded diamonds. The market perceives a high level of trust in AGSL color and clarity grading; however their reputation has more to do with AGS being the “ideal cut” brand. Rarely are there diamonds listed for sale that are not AGS 0 or AGS 1. The terms 'ideal-cut' and AGS 0 have become synonymous.
       
      EGL USA works very hard at building its brand through advertising and promotion. To this end EGL USA has attempted, through legal channels, to stop the entry into USA and Canada of diamonds accompanied by EGL reports from outside the Americas. If EGL USA does grade more strictly than EGL in other countries, then diamonds with imported certificates would damage their brand. Differentiating their certificates on B2B listings would seem to be a priority for EGL USA to improve its brand standing. However, further tightening of EGL USA’s grading strictness is a double edged sword; that might result in a reduction in the number of diamonds being submitted.

       

      Independent Appraisal

      With the publication of this report, consumers buying on-line may feel more need for the services of an independent expert when purchasing a meaningful diamond. Traditionally this was the role of a retailer; to provide consumers with a safe and secure shopping service. Relying on grading reports is not a 'carte blanche' without seeing the diamond is not good for anyone in the trade, so it cannot be different for consumers who do not have the expertise to make their own assessment of color, clarity, cut, and light behavior. Many will continue to look for outside assistance of the type provided by one of the authors, Mr Dave Atlas, who has been active in advising consumers for many years, even long before the Internet. The Pricescope experience shows that many 'diamond junky' consumers know more about diamonds than those working within the industry; hardly surprising given that diamonds are such a desirable product. The vast amounts of collected information and expert advice on Pricescope feeds 'diamond junkies' minds, as well as those of participating industry experts; those experts and retailers often agree that they have learned a lot on the PriceScope Forum. It seems that the more a consumers knows, the more need they seem to have for an independent appraisals. New diamond consumers, armed with a wealth of information and sometimes an Ideal-Scope, are often better informed than the staff behind jewelry store counters. Many of these consumers have raised expectations. Pricescope wants to help retailers learn to deal with this new type of customer. One way is to develop a 'voice' on Internet Forums; giving freely of their expertise engenders trust and will ensure they thrive. Many of those unwilling to up-skill in this Internet led information revolution will go the way of the dinosaur.



      Conclusion

       
      "Diamond Prices and Grading Q&A Forum" is the title of PriceScope's Forum. This surveys aim was to demystify diamond pricing, not to endorse or to damage any lab. The findings of the market pricing component of this survey were based on a large statistically sound population, but used only 16 or 17 stones for lab grading comparisons. The lab grades did however confirm some of the market myths, such as EGL USA color grades can be softer and AGSL clarity grades can be stricter than GIA-GTL. However, we found no support for reports of EGL USA color grading being more than one grade different to the other labs. In fact all lab grades were within a single grade of difference for color or clarity. The most interesting finding was that softest average grading did not lead to a higher average buying price.
       
      One dealers myth is: "One must buy the diamond, not the paper", however we found the B2B marketplace adjusts pricing for its expectation for grading strictness. But does the retail market pass on those price differences? Perhaps this is a separate survey for the future?
       
      Pricescope initiated this survey to clarify diamond grading myths and facts which are passed on via public Pricescope forum from diamontaires, appraisers and retail jewelers to consumers. As advocates for the diamond buying public, Pricescope strives to demystify diamond buying for the public in the belief that helping people buy diamonds will grow diamond sales. Many in the industry consider the idea of educating consumers heretical, but as a leading industry figure, Martin Rapaport, said: "If the educated consumer is your nightmare, then go out of business. Consumers won't get less educated." Pricescope estimates that more than 80% of the money spent on larger diamonds in USA follows some research on the Internet.
       
      After reading this article, many consumers will feel safer buying a diamond graded by the market leader, GIA. Others might be willing to trade brand value for a lower cost EGL USA graded diamond. Yet another person may be attracted by the stricter AGSL grading. Consumers who learn about this survey may drive a harder bargain for an EGL USA graded diamond in retail stores.
       
      Myth and Facts
      • “Diamonds graded by GIA-GTL have better resale liquidity”. Fact
      • "GIA is the strictest laboratory in the world" – Myth. According to this survey 8 out of 16 diamonds were graded more strictly by AGS. EGL tended to grade clarity more strictly.
      • "AGS is very strict" – A fact overall, but AGSL color grades can be softer than GIA-GTL.
      • "EGL certificates are not worth the paper they are printed on" – Myth. Although in 12 cases out of 17 EGL graded color softer, EGL clarity grading was as strict or stricter as GIA.
      • "GIA has the strongest international diamond brand" - Fact.
      • "It is safer to buy a GIA graded diamond" - Myth. Any diamond grading report is an opinion, not a guarantee.
      • "GIA invented the grading standards and independent reports"- Fact.
      • "GIA or AGS reports guarantee grading accuracy" – Myth. This survey shows that both labs can grade either softer or more strictly and this affects a diamonds price.
      • "Consumers should consider an appraisal by a qualified and independent gemologist" – Fact. This can ensure a diamond meets a consumers criteria and to avoid possible switching errors (two occurred in this survey).
      • "Diamonds with GIA reports trade for higher prices". Myth - AGSL diamonds often trade for more.
      • "GIA has trained more gemologists world-wide than all the other schools combined" - Fact.
      • "Excellent / Excellent GIA graded diamonds are more beautiful" – Myth. An Ex / Ex diamond can have poor proportions; symmetry and polish have less effect on diamond beauty than proportions.
      • "GIA-GTL charges more than other labs" – Fact. This adds to the cost.
      • "GIA-GTL takes longer to grade a diamond than other labs". Fact - This adds to the cost.
      • "GIA-GTL provides the least useful cut grading information of any major lab" - Fact
      • "You can get ripped off buying an EGL USA graded diamond" - Myth. Even if you buy a one higher color EGL graded diamond than you require, GIA-GTL may grade it a color grade lower and the same clarity, but you will probably pay less.
      Over time labs may adjust their grading strictness, and new myths and market pricing may evolve. For this reason Pricescope will regularly conduct similar surveys of these and other diamond grading laboratories.
       
      Consistency
       
      One initial aims of this survey was to compare grading consistency; this was not an easy task. To compare consistency a bench mark is needed; the question is to which benchmark should consistency be compared? The industry generally looks to the GIA-GTL as the standard or benchmark of diamond grading. However GIA-GTL also gave a different grade for the same stone (# 10). While EGL USA was softer with color grading, it was consistently softer. However, a 16 or 17 stone survey is too small to draw any conclusions on consistency.
       

      Acknowledgements

      We wish to acknowledge the help and assistance provided by DirtCheapDiamonds.com EngagementRingsDirect.com and Whiteflash.com whose valuable merchandise was unavailable for sale for a considerable period, and for the administrative work involved in shipping and collating information. Without their help and involvement, we could not have performed this survey. We are also grateful to Mr. P. Yantzer, the Director of AGSL, Mr. B. Boyajian, the President of GIA, and Mr. M. Gershburg, the Director of EGL USA, for their help in verifying the data presented in this article and constructive criticism.



      Appendix I. Diamond Grading Reports

       
       

      Diamond No. Report 1 Report 2 Report 3
      1 GIA 10980447 AGS 0005083801 EGL US 29659903D
      2 GIA 12067698 AGS 0005083802 EGL US 29659904D
      3 GIA 11600572 AGS 0005083804 EGL US 29659902D
      4 GIA 11078850 AGS 0005083803 EGL US 29659901D
      5 GIA 13359870 AGS 0004843410 EGL US 29809205D
      6 GIA 13359793 AGS 0004416606 EGL US 29809204D
      7 GIA 13359854 AGS 0004843309 EGL US 29809206D
      8 GIA 13359814 AGS 0003935809 EGL US 29809203D
      9 GIA 13359863 AGS 0004819808 EGL US 29809202D
      10 GIA 12911597 GIA 13359789 EGL US 29809201D
      11 GIA 12094476 AGS 0005129801 EGL US 30248507D
      12 GIA 12243841 AGS 0005129802 EGL US 30248505D
      13 GIA 12137092 AGS 0005129804 EGL US 30248501D
      14 GIA 13146918 AGS 0005129805 EGL US 30248502D
      15 GIA 12910179 AGS 0005129806 EGL US 30248506D
      16 GIA 11937949 AGS 0005129807 EGL US 30248503D
      17 GIA 12243850 AGS 0005129803 EGL US 30248504D
      Diamond No.
      1
      Report 1GIA 10980447
      Report 2AGS 0005083801
      Report 3EGL US 29659903D
      2
      Report 1GIA 12067698
      Report 2AGS 0005083802
      Report 3EGL US 29659904D
      3
      Report 1GIA 11600572
      Report 2AGS 0005083804
      Report 3EGL US 29659902D
      4
      Report 1GIA 11078850
      Report 2AGS 0005083803
      Report 3EGL US 29659901D
      5
      Report 1GIA 13359870
      Report 2AGS 0004843410
      Report 3EGL US 29809205D
      6
      Report 1GIA 13359793
      Report 2AGS 0004416606
      Report 3EGL US 29809204D
      7
      Report 1GIA 13359854
      Report 2AGS 0004843309
      Report 3EGL US 29809206D
      8
      Report 1GIA 13359814
      Report 2AGS 0003935809
      Report 3EGL US 29809203D
      9
      Report 1GIA 13359863
      Report 2AGS 0004819808
      Report 3EGL US 29809202D
      10
      Report 1GIA 12911597
      Report 2GIA 13359789
      Report 3EGL US 29809201D
      11
      Report 1GIA 12094476
      Report 2AGS 0005129801
      Report 3EGL US 30248507D
      12
      Report 1GIA 12243841
      Report 2AGS 0005129802
      Report 3EGL US 30248505D
      13
      Report 1GIA 12137092
      Report 2AGS 0005129804
      Report 3 EGL US 30248501D
      14
      Report 1GIA 13146918
      Report 2AGS 0005129805
      Report 3EGL US 30248502D
      15
      Report 1GIA 12910179
      Report 2AGS 0005129806
      Report 3EGL US 30248506D
      16
      Report 1GIA 11937949
      Report 2AGS 0005129807
      Report 3EGL US 30248503D
      17
      Report 1GIA 12243850
      Report 2AGS 0005129803
      Report 3EGL US 30248504D

       

      Appendix II. Carat, Color, and Clarity


      No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
      Carat
      GIA .74 .78 1.08 1.11 .62 .60 .62 .62 .71 .70 .79 .71 .75 1.13 1.02 1.23 .70
      AGS .744 .787 1.082 1.110 .623 .606 .620 .621 .716   .797 .711 .750 1.136 1.020 1.234 .702
      EGL .74 .78 1.08 1.11 .62 .60 .62 .62 .71 .70 .79 .71 .75 1.13 1.02 1.23 .70
      Color
      GIA F F H G I I G H H H E E H J E G H
      AGS F F G G I H G H H   E E H I F G H
      EGL E E G F H H F G G G E E G I F G H
      Clarity
      GIA SI1 VS2 SI2 SI2 VS1 VVS2 VS1 VS2 SI2 VS1 SI1 SI1 SI1 SI2 VVS2 VS1 VS2
      AGS SI2 VS2 SI2 SI2 VS2 VVS2 VS2 SI1 SI2   SI2 SI2 SI1 SI1 VS1 VS2 SI1
      EGL SI1 VS2 SI2 SI2 VS1 VS1 VS2 VS2 SI2 VS2 SI1 SI2 SI1 SI1 VVS2 VS2 SI1
      No.1
      Carat
      GIA.74
      AGS.744
      EGL.74
      Color
      GIAF
      AGSF
      EGLE
      Clarity
      GIASI1
      AGSSI2
      EGLSI1
      No.2
      Carat
      GIA.78
      AGS.787
      EGL.78
      Color
      GIAF
      AGSF
      EGLE
      Clarity
      GIAVS2
      AGSVS2
      EGLVS2
      No.3
      Carat
      GIA1.08
      AGS1.082
      EGL1.08
      Color
      GIAH
      AGSG
      EGLG
      Clarity
      GIASI2
      AGSSI2
      EGLSI2
      No.4
      Carat
      GIA1.11
      AGS1.110
      EGL1.11
      Color
      GIAG
      AGSG
      EGLF
      Clarity
      GIASI2
      AGSSI2
      EGLSI2
      No.5
      Carat
      GIA.62
      AGS.623
      EGL.62
      Color
      GIAI
      AGSI
      EGLH
      Clarity
      GIAVS1
      AGSVS2
      EGLVS1
      No.6
      Carat
      GIA.60
      AGS.606
      EGL.60
      Color
      GIAI
      AGSH
      EGLH
      Clarity
      GIAVVS2
      AGSVVS2
      EGLVS1
      No.7
      Carat
      GIA.62
      AGS.620
      EGL.62
      Color
      GIAG
      AGSG
      EGLF
      Clarity
      GIAVS1
      AGSVS2
      EGLVS2
      No.8
      Carat
      GIA.62
      AGS.621
      EGL.62
      Color
      GIAH
      AGSH
      EGLG
      Clarity
      GIAVS2
      AGSSI1
      EGLVS2
      No.9
      Carat
      GIA.71
      AGS.716
      EGL.71
      Color
      GIAH
      AGSH
      EGLG
      Clarity
      GIASI2
      AGSSI2
      EGLSI2
      No.10
      Carat
      GIA.70
      AGS 
      EGL.70
      Color
      GIAH
      AGS 
      EGLG
      Clarity
      GIAVS1
      AGS 
      EGLVS2
      No.11
      Carat
      GIA.79
      AGS.797
      EGL.79
      Color
      GIAE
      AGSE
      EGLE
      Clarity
      GIASI1
      AGSSI2
      EGLSI1
      No.12
      Carat
      GIA.71
      AGS.711
      EGL.71
      Color
      GIAE
      AGSE
      EGLE
      Clarity
      GIASI1
      AGSSI2
      EGLSI2
      No.13
      Carat
      GIA.75
      AGS.750
      EGL.75
      Color
      GIAH
      AGSH
      EGLG
      Clarity
      GIASI1
      AGSSI1
      EGLSI1
      No.14
      Carat
      GIA1.13
      AGS1.136
      EGL1.13
      Color
      GIAJ
      AGSI
      EGLI
      Clarity
      GIASI2
      AGSSI1
      EGLSI1
      No.15
      Carat
      GIA1.02
      AGS1.020
      EGL1.02
      Color
      GIAE
      AGSF
      EGLF
      Clarity
      GIAVVS2
      AGSVS1
      EGLVVS2
      No.16
      Carat
      GIA1.23
      AGS1.234
      EGL1.23
      Color
      GIAG
      AGSG
      EGLG
      Clarity
      GIAVS1
      AGSVS2
      EGLVS2
      No.17
      Carat
      GIA.70
      AGS.702
      EGL.70
      Color
      GIAH
      AGSH
      EGLH
      Clarity
      GIAVS2
      AGSSI1
      EGLSI1



      Appendix III. Proportions and Measurements


       

      No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

      Total Depth %
      GIA 63 59.8 60.6 62.2 61.9 61.9 61.5 61.5 60.9 61.8 63.0 62.8 61.5 60.4 61.2 56.9 63.0
      AGS 63.2 60.1 60.8 62.6 61.8 61.8 61.4 61.2 60.8   63.0 63.4 61.6 60.8 61.4 57.3 63.4
      EGL 63.1 60.4 60.7 62.4 62.3 62.1 61.8 61.9 61.1 62 63.3 63.3 61.8 60.8 61.5 57.4 63.5

      Table %
      GIA 55 60 61 59 53 54 56 57 57 56/57 59 58 60 56 54 62 54
      AGS 54 59 60 59 54 55 57 57 57   59 58 60 55 54 61 54
      EGL 54 58 60 58 54 54 56 57 57 56 59 58 60 56 53 62 54

      Girdle
      GIA Med
      -
      S.Thk
      F
      Med


      F
      Thn
      -
      Med
      F
      Thn
      -
      Med
      F
      Med


      F
      Thn
      -
      Med
      F
      Med


      F
      Thn
      -
      Med
      F
      Thn


      F
      Med
      -
      S.Thk
      F
      S.Thk


      F
      Thn
      -
      Thk
      F
      Med
      -
      S.Thk
      Thn Med Thn
      -
      Med
      F
      Med
      -
      Thk
      F
      AGS Med
      -
      Thk
      F
      Thn
      -
      S.Thk
      F
      Thn
      -
      S.Thk
      F
      V.Thn
      -
      Med
      F
      0.9%
      -
      2.0%
      F
      0.7%
      -
      1.5%
      F
      1.5%
      -
      2.2%
      0.7%
      -
      1.5%
      F
      0.7%
      -
      1.2%
      F
        S.Thk


      F
      Thn
      -
      Thk
      F
      Med
      -
      Thk
      Thn Thn
      -
      Med
      Thn
      -
      Med
      F
      S.Thk
      -
      Thk, F
      EGL Med
      -
      S.Thk
      F
      Med


      F
      V.Thn
      -
      Thn
      V.Thn
      -
      Thn
      Thn


      F
      Thn


      F
      Thn
      -
      med
      F
      0.7%
      -
      1.3%
      Thn


      F
      Thn
      -
      Med
      F
      S.Thk


      F
      X.Thn
      -
      S.Thk
      F
      Med
      -
      S.Thk
      SF
      Thn Med
      -
      S.Thk
      Thn
      -
      Med
      F
      S.Thk
      -
      Thk
      F

      Diameter Min (mm)
      GIA 5.72 6.00 6.63 6.58 5.49 5.43 5.44 5.48 5.78 5.67 5.86 5.63 5.79 6.79 6.50 7.15 5.62
      AGS 5.71 5.99 6.64 6.59 5.50 5.43 5.45 5.5 5.79   5.87 5.62 5.79 6.79 6.50 7.14 5.62
      EGL 5.71 5.99 6.63 6.58 5.47 5.41 5.43 5.47 5.76 5.65 5.85 5.60 5.77 6.77 6.49 7.13 5.61

      Diameter Max (mm)
      GIA 5.81 6.05 6.68 6.63 5.52 5.46 5.48 5.51 5.81 5.69 5.92 5.70 5.85 6.82 6.60 7.19 5.65
      AGS 5.81 6.05 6.7 6.63 5.54 5.47 5.49 5.52 5.82   5.92 5.69 5.87 6.80 6.59 7.18 5.65
      EGL 5.78 6.03 6.68 6.62 5.51 5.45 5.46 5.51 5.8 5.67 5.91 5.67 5.88 6.81 6.59 7.16 5.66

      Total Depth (mm)
      GIA 3.63 3.6 4.03 4.11 3.41 3.37 3.36 3.38 3.53 3.51 3.71 3.56 3.58 4.11 4.01 4.08 3.55
      AGS 3.61 3.62 4.05 4.14 3.41 3.37 3.36 3.37 3.53
      3.71 3.58 3.59 4.13 4.02 4.10 3.57
      EGL 3.63 3.63 4.04 4.12 3.42 3.37 3.37 3.39 3.54 3.51 3.72 3.57 3.59 4.12 4.02 4.10 3.57

      Pavilion Angle
      AGS 40.8 41.4
      41.3 41.1 40.9 40.8 41.1 41
      41.8 41.2 41.5 40.9 41.1 41.1 40.9
      EGL               41.2                  

      Pavilion Depth %
      AGS 42.9 43.7 44.3 43.6 43.3 43.1 43.0 43.4 43.2   44.3 43.4 43.9 43.2 43.4 43.4 43.2
      EGL 42.8 44.3 44.3 43.5 43.5 43.3 43.1 43.8 43.5 42.8 44.6 43.4 44.1 43.2 43.6 43.7 43.2

      Crown Angle
      AGS 35.4 32.3 33.2 34.5 34.0 34.4 34.3 34.2 34.1   35.9 37.2 34.3 34.9 33.7 29.7 34.7
      EGL               34.4                  

      Crown Height %
      AGS 16.3 13   14.2 15.6 15.4 14.8 14.5 14.5   14.8 15.8 13.7 15.5 15.3 11.0 15.8
      EGL 16.5 13.1 13.2 14.5 15.7 15.7 14.9 14.8 14.7 14.8 14.8 16.0 13.9 15.5 15.4 10.9 16.0

      Culet
      GIA N N N N N N N N N N N N N N N N N
      AGS P P P P P P P P P   P P P P P P P
      EGL N N N N N N N N N N N N N N N N N

      No 1
      Total Depth %
      GIA 63
      AGS 63.2
      EGL 63.1
      Table %
      GIA 55
      AGS 54
      EGL 54
      Girdle
      GIA Med
      -
      S.Thk
      F
      AGS Med
      -
      Thk
      F
      EGL Med
      -
      S.Thk
      F
      Diameter Min (mm)
      GIA 5.72
      AGS 5.71
      EGL 5.71
      Diameter Max (mm)
      GIA 5.81
      AGS 5.81
      EGL 5.78
      Total Depth (mm)
      GIA 3.63
      AGS 3.61
      EGL 3.63
      Pavilion Angle
      AGS 40.8
      EGL  
      Pavilion Depth %
      AGS 42.9
      EGL 42.8
      Crown Angle
      AGS 35.4
      EGL  
      Crown Height %
      AGS 16.3
      EGL 16.5
      Culet
      GIA N
      AGS P
      EGL N
      No 2
      Total Depth %
      GIA 59.8
      AGS 60.1
      EGL 60.4
      Table %
      GIA 60
      AGS 59
      EGL 58
      Girdle
      GIA Med


      F
      AGS Thn
      -
      S.Thk
      F
      EGL Med


      F
      Diameter Min (mm)
      GIA 6.00
      AGS 5.99
      EGL 5.99
      Diameter Max (mm)
      GIA 6.05
      AGS 6.05
      EGL 6.03
      Total Depth (mm)
      GIA 3.6
      AGS 3.62
      EGL 3.63
      Pavilion Angle
      AGS 41.4
      EGL  
      Pavilion Depth %
      AGS 43.7
      EGL 44.3
      Crown Angle
      AGS 32.3
      EGL  
      Crown Height %
      AGS 13
      EGL 13.1
      Culet
      GIA N
      AGS P
      EGL N
      No 3
      Total Depth %
      GIA 60.6
      AGS 60.8
      EGL 60.7
      Table %
      GIA 61
      AGS 60
      EGL 60
      Girdle
      GIA Thn
      -
      Med
      F
      AGS Thn
      -
      S.Thk
      F
      EGL V.Thn
      -
      Thn
      Diameter Min (mm)
      GIA 6.63
      AGS 6.64
      EGL 6.63
      Diameter Max (mm)
      GIA 6.68
      AGS 6.7
      EGL 6.68
      Total Depth (mm)
      GIA 4.03
      AGS 4.05
      EGL 4.04
      Pavilion Angle
      AGS
      EGL  
      Pavilion Depth %
      AGS 44.3
      EGL 44.3
      Crown Angle
      AGS 33.2
      EGL  
      Crown Height %
      AGS  
      EGL 13.2
      Culet
      GIA N
      AGS P
      EGL N
      No 4
      Total Depth %
      GIA 62.2
      AGS 62.6
      EGL 62.4
      Table %
      GIA 59
      AGS 59
      EGL 58
      Girdle
      GIA Thn
      -
      Med
      F
      AGS V.Thn
      -
      Med
      F
      EGL V.Thn
      -
      Thn
      Diameter Min (mm)
      GIA 6.58
      AGS 6.59
      EGL 6.58
      Diameter Max (mm)
      GIA 6.63
      AGS 6.63
      EGL 6.62
      Total Depth (mm)
      GIA 4.11
      AGS 4.14
      EGL 4.12
      Pavilion Angle
      AGS 41.3
      EGL  
      Pavilion Depth %
      AGS 43.6
      EGL 43.5
      Crown Angle
      AGS 34.5
      EGL  
      Crown Height %
      AGS 14.2
      EGL 14.5
      Culet
      GIA N
      AGS P
      EGL N
      No 5
      Total Depth %
      GIA 61.9
      AGS 61.8
      EGL 62.3
      Table %
      GIA 53
      AGS 54
      EGL 54
      Girdle
      GIA Med


      F
      AGS 0.9%
      -
      2.0%
      F
      EGL Thn


      F
      Diameter Min (mm)
      GIA 5.49
      AGS 5.50
      EGL 5.47
      Diameter Max (mm)
      GIA 5.52
      AGS 5.54
      EGL 5.51
      Total Depth (mm)
      GIA 3.41
      AGS 3.41
      EGL 3.42
      Pavilion Angle
      AGS 41.1
      EGL  
      Pavilion Depth %
      AGS 43.3
      EGL 43.5
      Crown Angle
      AGS 34.0
      EGL  
      Crown Height %
      AGS 15.6
      EGL 15.7
      Culet
      GIA N
      AGS P
      EGL N
      No 6
      Total Depth %
      GIA 61.9
      AGS 61.8
      EGL 62.1
      Table %
      GIA 54
      AGS 55
      EGL 54
      Girdle
      GIA Thn
      -
      Med
      F
      AGS 0.7%
      -
      1.5%
      F
      EGL Thn


      F
      Diameter Min (mm)
      GIA 5.43
      AGS 5.43
      EGL 5.41
      Diameter Max (mm)
      GIA 5.46
      AGS 5.47
      EGL 5.45
      Total Depth (mm)
      GIA 3.37
      AGS 3.37
      EGL 3.37
      Pavilion Angle
      AGS 40.9
      EGL  
      Pavilion Depth %
      AGS 43.1
      EGL 43.3
      Crown Angle
      AGS 34.4
      EGL  
      Crown Height %
      AGS 15.4
      EGL 15.7
      Culet
      GIA N
      AGS P
      EGL N
      No 7
      Total Depth %
      GIA 61.5
      AGS 61.4
      EGL 61.8
      Table %
      GIA 56
      AGS 57
      EGL 56
      Girdle
      GIA Med


      F
      AGS 1.5%
      -
      2.2%
      EGL Thn
      -
      med
      F
      Diameter Min (mm)
      GIA 5.44
      AGS 5.45
      EGL 5.43
      Diameter Max (mm)
      GIA 5.48
      AGS 5.49
      EGL 5.46
      Total Depth (mm)
      GIA 3.36
      AGS 3.36
      EGL 3.37
      Pavilion Angle
      AGS 40.8
      EGL  
      Pavilion Depth %
      AGS 43.0
      EGL 43.1
      Crown Angle
      AGS 34.3
      EGL  
      Crown Height %
      AGS 14.8
      EGL 14.9
      Culet
      GIA N
      AGS P
      EGL N
      No 8
      Total Depth %
      GIA 61.5
      AGS 61.2
      EGL 61.9
      Table %
      GIA 57
      AGS 57
      EGL 57
      Girdle
      GIA Thn
      -
      Med
      F
      AGS 0.7%
      -
      1.5%
      F
      EGL 0.7%
      -
      1.3%
      Diameter Min (mm)
      GIA 5.48
      AGS 5.5
      EGL 5.47
      Diameter Max (mm)
      GIA 5.51
      AGS 5.52
      EGL 5.51
      Total Depth (mm)
      GIA 3.38
      AGS 3.37
      EGL 3.39
      Pavilion Angle
      AGS 41.1
      EGL 41.2
      Pavilion Depth %
      AGS 43.4
      EGL 43.8
      Crown Angle
      AGS 34.2
      EGL 34.4
      Crown Height %
      AGS 14.5
      EGL 14.8
      Culet
      GIA N
      AGS P
      EGL N
      No 9
      Total Depth %
      GIA 60.9
      AGS 60.8
      EGL 61.1
      Table %
      GIA 57
      AGS 57
      EGL 57
      Girdle
      GIA Thn


      F
      AGS 0.7%
      -
      1.2%
      F
      EGL Thn


      F
      Diameter Min (mm)
      GIA 5.78
      AGS 5.79
      EGL 5.76
      Diameter Max (mm)
      GIA 5.81
      AGS 5.82
      EGL 5.8
      Total Depth (mm)
      GIA 3.53
      AGS 3.53
      EGL 3.54
      Pavilion Angle
      AGS 41
      EGL  
      Pavilion Depth %
      AGS 43.2
      EGL 43.5
      Crown Angle
      AGS 34.1
      EGL  
      Crown Height %
      AGS 14.5
      EGL 14.7
      Culet
      GIA N
      AGS P
      EGL N
      No 10
      Total Depth %
      GIA 61.8
      AGS  
      EGL 62
      Table %
      GIA 56/57
      AGS  
      EGL 56
      Girdle
      GIA Med
      -
      S.Thk
      F
      AGS  
      EGL Thn
      -
      Med
      F
      Diameter Min (mm)
      GIA 5.67
      AGS  
      EGL 5.65
      Diameter Max (mm)
      GIA 5.69
      AGS  
      EGL 5.67
      Total Depth (mm)
      GIA 3.51
      AGS
      EGL 3.51
      Pavilion Angle
      AGS
      EGL  
      Pavilion Depth %
      AGS  
      EGL 42.8
      Crown Angle
      AGS  
      EGL  
      Crown Height %
      AGS  
      EGL 14.8
      Culet
      GIA N
      AGS  
      EGL N
      No 11
      Total Depth %
      GIA 63.0
      AGS 63.0
      EGL 63.3
      Table %
      GIA 59
      AGS 59
      EGL 59
      Girdle
      GIA S.Thk


      F
      AGS S.Thk


      F
      EGL S.Thk


      F
      Diameter Min (mm)
      GIA 5.86
      AGS 5.87
      EGL 5.85
      Diameter Max (mm)
      GIA 5.92
      AGS 5.92
      EGL 5.91
      Total Depth (mm)
      GIA 3.71
      AGS 3.71
      EGL 3.72
      Pavilion Angle
      AGS 41.8
      EGL  
      Pavilion Depth %
      AGS 44.3
      EGL 44.6
      Crown Angle
      AGS 35.9
      EGL  
      Crown Height %
      AGS 14.8
      EGL 14.8
      Culet
      GIA N
      AGS P
      EGL N
      No 12
      Total Depth %
      GIA 62.8
      AGS 63.4
      EGL 63.3
      Table %
      GIA 58
      AGS 58
      EGL 58
      Girdle
      GIA Thn
      -
      Thk
      F
      AGS Thn
      -
      Thk
      F
      EGL X.Thn
      -
      S.Thk
      F
      Diameter Min (mm)
      GIA 5.63
      AGS 5.62
      EGL 5.60
      Diameter Max (mm)
      GIA 5.70
      AGS 5.69
      EGL 5.67
      Total Depth (mm)
      GIA 3.56
      AGS 3.58
      EGL 3.57
      Pavilion Angle
      AGS 41.2
      EGL  
      Pavilion Depth %
      AGS 43.4
      EGL 43.4
      Crown Angle
      AGS 37.2
      EGL  
      Crown Height %
      AGS 15.8
      EGL 16.0
      Culet
      GIA N
      AGS P
      EGL N
      No 13
      Total Depth %
      GIA 61.5
      AGS 61.6
      EGL 61.8
      Table %
      GIA 60
      AGS 60
      EGL 60
      Girdle
      GIA Med
      -
      S.Thk
      AGS Med
      -
      Thk
      EGL Med
      -
      S.Thk
      SF
      Diameter Min (mm)
      GIA 5.79
      AGS 5.79
      EGL 5.77
      Diameter Max (mm)
      GIA 5.85
      AGS 5.87
      EGL 5.88
      Total Depth (mm)
      GIA 3.58
      AGS 3.59
      EGL 3.59
      Pavilion Angle
      AGS 41.5
      EGL  
      Pavilion Depth %
      AGS 43.9
      EGL 44.1
      Crown Angle
      AGS 34.3
      EGL  
      Crown Height %
      AGS 13.7
      EGL 13.9
      Culet
      GIA N
      AGS P
      EGL N
      No 14
      Total Depth %
      GIA 60.4
      AGS 60.8
      EGL 60.8
      Table %
      GIA 56
      AGS 55
      EGL 56
      Girdle
      GIA Thn
      AGS Thn
      EGL Thn
      Diameter Min (mm)
      GIA 6.79
      AGS 6.79
      EGL 6.77
      Diameter Max (mm)
      GIA 6.82
      AGS 6.80
      EGL 6.81
      Total Depth (mm)
      GIA 4.11
      AGS 4.13
      EGL 4.12
      Pavilion Angle
      AGS 40.9
      EGL  
      Pavilion Depth %
      AGS 43.2
      EGL 43.2
      Crown Angle
      AGS 34.9
      EGL  
      Crown Height %
      AGS 15.5
      EGL 15.5
      Culet
      GIA N
      AGS P
      EGL N
      No 15
      Total Depth %
      GIA 61.2
      AGS 61.4
      EGL 61.5
      Table %
      GIA 54
      AGS 54
      EGL 53
      Girdle
      GIA Med
      AGS Thn
      -
      Med
      EGL Med
      -
      S.Thk
      Diameter Min (mm)
      GIA 6.50
      AGS 6.50
      EGL 6.49
      Diameter Max (mm)
      GIA 6.60
      AGS 6.59
      EGL 6.59
      Total Depth (mm)
      GIA 4.01
      AGS 4.02
      EGL 4.02
      Pavilion Angle
      AGS 41.1
      EGL  
      Pavilion Depth %
      AGS 43.4
      EGL 43.6
      Crown Angle
      AGS 33.7
      EGL  
      Crown Height %
      AGS 15.3
      EGL 15.4
      Culet
      GIA N
      AGS P
      EGL N
      No 16
      Total Depth %
      GIA 56.9
      AGS 57.3
      EGL 57.4
      Table %
      GIA 62
      AGS 61
      EGL 62
      Girdle
      GIA Thn
      -
      Med
      F
      AGS Thn
      -
      Med
      F
      EGL Thn
      -
      Med
      F
      Diameter Min (mm)
      GIA 7.15
      AGS 7.14
      EGL 7.13
      Diameter Max (mm)
      GIA 7.19
      AGS 7.18
      EGL 7.16
      Total Depth (mm)
      GIA 4.08
      AGS 4.10
      EGL 4.10
      Pavilion Angle
      AGS 41.1
      EGL  
      Pavilion Depth %
      AGS 43.4
      EGL 43.7
      Crown Angle
      AGS 29.7
      EGL  
      Crown Height %
      AGS 11.0
      EGL 10.9
      Culet
      GIA N
      AGS P
      EGL N
      No 17
      Total Depth %
      GIA 63.0
      AGS 63.4
      EGL 63.5
      Table %
      GIA 54
      AGS 54
      EGL 54
      Girdle
      GIA Med
      -
      Thk
      F
      AGS S.Thk
      -
      Thk, F
      EGL S.Thk
      -
      Thk
      F
      Diameter Min (mm)
      GIA 5.62
      AGS 5.62
      EGL 5.61
      Diameter Max (mm)
      GIA 5.65
      AGS 5.65
      EGL 5.66
      Total Depth (mm)
      GIA 3.55
      AGS 3.57
      EGL 3.57
      Pavilion Angle
      AGS 40.9
      EGL  
      Pavilion Depth %
      AGS 43.2
      EGL 43.2
      Crown Angle
      AGS 34.7
      EGL  
      Crown Height %
      AGS 15.8
      EGL 16.0
      Culet
      GIA N
      AGS P
      EGL N

      Abbreviations
      Girdle
      X.Thn - Extremely Thin
      V.Thn - Very Thin
      Thn - Thin
      Med - Medium
      S.Thk - Slightly Thick
      Thk - Thick
      F - Faceted
      Culet
      N - None
      P - Pointed

       


       

      Appendix IV. Finish and Fluorescence

       
      No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

      Polish
      GIA VG VG G G EX EX EX EX EX EX VG VG G EX VG VG VG
      AGS VG VG G G ID ID ID ID ID   VG G G EX VG VG VG
      EGL VG VG G G G G G VG G G VG G G VG G G G

      Symmetry
      GIA G G G G EX EX EX EX EX EX VG G G EX G G VG
      AGS G G G G ID ID ID ID ID   VG G VG EX EX G EX
      EGL VG VG G G G G G VG G G G G G VG VG G VG

      Fluorescence
      GIA No No No No No No No No No No No No No No Ft No No
      AGS Ng Ng Ng Ng Ng Ng Ng Ng Ng   Ng Ng Ng Ng Ng Ng Ng
      EGL No No No No No No No No No No No Ft No No Ft No No


      No 1
      Polish
      GIA VG
      AGS VG
      EGL VG
      Symmetry
      GIA G
      AGS G
      EGL VG
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 2
      Polish
      GIA VG
      AGS VG
      EGL VG
      Symmetry
      GIA G
      AGS G
      EGL VG
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 3
      Polish
      GIA G
      AGS G
      EGL G
      Symmetry
      GIA G
      AGS G
      EGL G
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 4
      Polish
      GIA G
      AGS G
      EGL G
      Symmetry
      GIA G
      AGS G
      EGL G
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 5
      Polish
      GIA EX
      AGS ID
      EGL G
      Symmetry
      GIA EX
      AGS ID
      EGL G
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 6
      Polish
      GIA EX
      AGS ID
      EGL G
      Symmetry
      GIA EX
      AGS ID
      EGL G
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 7
      Polish
      GIA EX
      AGS ID
      EGL G
      Symmetry
      GIA EX
      AGS ID
      EGL G
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 8
      Polish
      GIA EX
      AGS ID
      EGL VG
      Symmetry
      GIA EX
      AGS ID
      EGL VG
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 9
      Polish
      GIA EX
      AGS ID
      EGL G
      Symmetry
      GIA EX
      AGS ID
      EGL G
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 10
      Polish
      GIA EX
      AGS  
      EGL G
      Symmetry
      GIA EX
      AGS  
      EGL G
      Fluorescence
      GIA No
      AGS  
      EGL No
      No 11
      Polish
      GIA VG
      AGS VG
      EGL VG
      Symmetry
      GIA VG
      AGS VG
      EGL G
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 12
      Polish
      GIA VG
      AGS G
      EGL G
      Symmetry
      GIA G
      AGS G
      EGL G
      Fluorescence
      GIA No
      AGS Ng
      EGL Ft
      No 13
      Polish
      GIA G
      AGS G
      EGL G
      Symmetry
      GIA G
      AGS VG
      EGL G
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 14
      Polish
      GIA EX
      AGS EX
      EGL VG
      Symmetry
      GIA EX
      AGS EX
      EGL VG
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 15
      Polish
      GIA VG
      AGS VG
      EGL G
      Symmetry
      GIA G
      AGS EX
      EGL VG
      Fluorescence
      GIA Ft
      AGS Ng
      EGL Ft
      No 16
      Polish
      GIA VG
      AGS VG
      EGL G
      Symmetry
      GIA G
      AGS G
      EGL G
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      No 17
      Polish
      GIA VG
      AGS VG
      EGL G
      Symmetry
      GIA VG
      AGS EX
      EGL VG
      Fluorescence
      GIA No
      AGS Ng
      EGL No
      Abbreviations
      Polish and Symmetry
      EX Excellent
      ID Ideal
      VG Very Good
      G Good
      Fluorescence
      No None
      Ng Negligible
      Ft Faint

       

       

      Appendix V. Clarity or Surface Feature Comments

        
       
      No. Report Clarity or Surface Feature Comments
      1 GIA 10980447 0 Inscription noted
      AGS 0005083801 1 "GIA 10980447" has been inscribed on the girdle of this diamond
      Additional clouds are not shown
      EGL US 29659903D 0 -

      2 GIA 12067698 0 Inscription noted
      AGS 0005083802 1 "GIA 12067698" has been inscribed on the girdle of this diamond
      Additional clouds are not shown
      EGL US 29659904D 0 -

      3 GIA 11600572 1 Pinpoints are not shown
      AGS 0005083804 2 Pinpoints and surface grain line are not shown
      EGL US 29659902D 0 -

      4 GIA 11078850 1 Additional clouds are not shown
      AGS 0005083803 1 Additional clouds are not shown
      EGL US 29659901D 0 -

      5 GIA 13359870 0 -
      AGS 0004843410 0 -
      EGL US 29809205D 0 -

      6 GIA 13359793 0 -
      AGS 0004416606 0 -
      EGL US 29809204D 0 -

      7 GIA 13359854 1 Additional clouds are not shown
      AGS 0004843309 0 -
      EGL US 29809206D 0 -

      8 GIA 13359814 0 -
      AGS 0003935809 0 -
      EGL US 29809203D 0 -

      9 GIA 13359863 0 -
      AGS 0004819808 0 -
      EGL US 29809202D 0 -

      10 GIA 12911597 0 -
      GIA 13359789 1 Clouds are not shown
      EGL US 29809201D 0 -

      11 GIA 12094476 1 Pinpoints are not shown
      AGS 0005129801 0 -
      EGL US 30248507D 0 -

      12 GIA 12243841 2 Cloud is not shown
      Surface graining is not shown
      Crown angles are greater than 35 degrees
      AGS 0005129802 2 Additional clouds and surface grain lines are not shown
      EGL US 30248505D 0 -

      13 GIA 12137092 0 -
      AGS 0005129804 0 -
      EGL US 30248501D 0 -

      14 GIA 13146918 1 Additional clouds are not shown
      AGS 0005129805 1 Additional clouds are not shown
      EGL US 30248502D 0 -

      15 GIA 12910179 3 Additional pinpoints, internal graining and surface graining are not shown
      AGS 0005129806 1 Surface grain lines are not shown
      EGL US 30248506D 0 -

      16 GIA 11937949 0 Crown angles less than 30 degrees
      AGS 0005129807 0 -
      EGL US 30248503D 0 -

      17 GIA 12243850 1 Clouds are not shown
      AGS 0005129803 1 Clouds are not shown
      EGL US 30248504D 0 -