Diamond with old GIA Report ok?

[maria121]

I’m interested in a pair of ovals that have a GIA report that is dated 5 years ago. Should that be a concern? Or is it likely the diamonds were traded in/used before? Thanks so much!

 

[Karl_K]

A report older than 2 years is considered stale by the trade and should be updated.
Whats the vendors story about the reports?

 

[maria121]

The vendor is Blue Nile and they didn’t really explain much except they don’t know the history of the diamonds. But they guarantee that they have a strict policy in making sure the diamonds are in good condition before they set or send them to the customer.

 

[Garry H (Cut Nut)]

A report older than 2 years is considered stale by the trade and should be updated.
Whats the vendors story about the reports?

As a retailer, an average stock turn of about 1 a year is common.
Higher value goods tend to have much slower turns, and $500 to $2000 jewels often turn over 3 times a year.
So a ring in stock that for some reason did not sell for 3 years will have an old certificate.
Point is that it depends on what the diamond has been doing.
If it has been sitting in a store for many years the report can still be valid.

 

[Karl_K]

The vendor is Blue Nile and they didn’t really explain much except they don’t know the history of the diamonds. But they guarantee that they have a strict policy in making sure the diamonds are in good condition before they set or send them to the customer.

I personally would not be comfortable with the reports under those conditions.
As Garry noted above there are some cases where its ok to consider not following the 2 year age limit.
This isn't one of them for me.

 

[maria121]

As a retailer, an average stock turn of about 1 a year is common.
Higher value goods tend to have much slower turns, and $500 to $2000 jewels often turn over 3 times a year.
So a ring in stock that for some reason did not sell for 3 years will have an old certificate.
Point is that it depends on what the diamond has been doing.
If it has been sitting in a store for many years the report can still be valid.

I personally would not be comfortable with the reports under those conditions.
As Garry noted above there are some cases where its ok to consider not following the 2 year age limit.
This isn't one of them for me.

Thank you both for your feedback! Greatly appreciate it!

Also, another thing they mentioned is that diamonds can be used/bought before and that a new cert date does not imply it’s a new diamond.

 

[Karl_K]

Thank you both for your feedback! Greatly appreciate it!

Also, another thing they mentioned is that diamonds can be used/bought before and that a new cert date does not imply it’s a new diamond.

That is true but here is what it means:
5 years ago GIA says it was in this condition when they graded it.
1 month ago GIA says it was in this condition when they graded it.
Which has a better chance of still being in that condition which is what you are paying based on?

 

[maria121]

That is true but here is what it means:
5 years ago GIA says it was in this condition when they graded it.
1 month ago GIA says it was in this condition when they graded it.
Which has a better chance of still being in that condition which is what you are paying based on?

That totally makes sense! Thanks!

 

[Garry H (Cut Nut)]

I’m interested in a pair of ovals that have a GIA report that is dated 5 years ago. Should that be a concern? Or is it likely the diamonds were traded in/used before? Thanks so much!

Both the diamonds have the same or similar dates?

 

[maria121]

Both the diamonds have the same or similar dates?

Yes, they have the same date

 

[maria121]

Both the diamonds have the same or similar dates?

Now you got me curious to why you asked as they both do have the same cert dates.