GIA to offer new diamond-grading services, fees

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GIA to offer new diamond-grading services, fees

May 30, 2007

Carlsbad, Calif.—The Gemological Institute of America (GIA) is introducing several new diamond-grading services and restructuring its diamond-grading fees, effective June 4.

The GIA Diamond Grading Report services will be offered on diamonds weighing 0.15 carats and larger, and the GIA Diamond Dossier services will be offered on diamonds weighing 0.15 carats to 1.99 carats. The new fees will be:

Diamond Grading Report:
* Service fee for stones sized 0.15 to 0.22 carats: $53.
* Service fee for stones sized 0.23 to 0.46 carats: $59.

Diamond Dossier:
* Service fee for stones sized 0.15 to 0.22 carats: $40.
* Service fee for stones sized 0.23 to 0.46 carats: $42.
* Service fee for stones sized 1.00 to 1.49 carats: $90.
* Service fee for stones sized 1.50 to 1.99 carats: $100.

The GIA is also introducing a new Diamond Type Analysis service. Loose, natural diamonds may be submitted to the GIA Laboratory for analysis to determine diamond type: Ia, Ib, IIa or IIb. This service is supplemental to a GIA Diamond Grading Report, GIA Colored Diamond Grading Report or GIA Colored Diamond Identification and Origin Report either issued previously or at the time of analysis. The fees will be:

* Verbal results only: $125.
* Letter describing results: $200.
* Letter describing results with photo: $275.

The GIA is also offering a new inscription service, which prints actual inscribed graphics or inscribed logos directly on all GIA Diamond Grading Reports and GIA Diamond Dossiers. Instead of describing the inscribed graphic or logo using alphanumeric text, the reports can now display the graphic or logo at the customer’s request. With this new service, the "Inscription" or "Additional Inscription" line item on the grading report will be used to report both GIA and client-performed inscriptions. No distinction will be made between the two inscriptions.

Requests for inscriptions within 60 days of the diamond-grading report’s completion will have a new, nominal flat fee of $30 for GIA Diamond Grading Reports and $15 for GIA Diamond Dossiers. Requests for inscriptions more than 60 days after completion will remain subject to update fees.

In addition, the GIA is changing its Recheck and Final Observation fees.

* Recheck service, which applies to the GIA Diamond Grading Report, GIA Diamond Dossier, GIA Colored Diamond Grading Report and GIA Colored Diamond Identification and Origin Report, will cost a set percentage of a basic GIA Diamond Grading Report fee or GIA Diamond Dossier fee.
* Color, clarity and cut rechecks will cost 50 percent of the GIA Diamond Grading Report fee or GIA Diamond Dossier fee.
* Symmetry, measurements and fluorescence rechecks will cost 25 percent of the GIA Diamond Grading Report fee or GIA Diamond Dossier fee.

Final Observation service, which is available on the GIA Diamond Grading Report, GIA Colored Diamond Grading Report and GIA Colored Diamond Identification and Origin Report (but not for GIA Diamond Dossiers), is also based on a percentage of a GIA Diamond Grading Report fee.

* Final observation fees for color, clarity and cut will cost 50 percent of the GIA Diamond Grading Report fee.
* Final observation fees for polish, symmetry, measurements and fluorescence will cost 25 percent of the GIA Diamond Grading Report fee.

"These secondary services demand the time of our most senior and experienced technical staff, yet only a small percentage of items submitted actually result in a grade change. After much consideration, we decided it was neither cost-effective nor an efficient use of resources to continue with the previous fee structure," GIA Laboratory and Research Senior Vice President Tom Moses said in a media release. "The new fees more accurately reflect the time, resources and expertise involved in providing these services. However, in keeping with our policy, if the Recheck and Final Observation service results in a change to the diamond's grade, there will be no charge."

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