RapLab’s reports will double-check GIA grades to “remove uncertainty”
Martin Rapaport’s new lab is introducing the Rapaport Investment Diamond Report, which will double-check GIA grades for the most valuable diamonds.
“This report is designed to remove all uncertainty about the quality of your goods,” Rapaport tells JCK. “It is meant for an investor who wants to buy this type of diamond and feel really comfortable.”
RapLab, based in Israel, will issue the reports, which will feature “conservative” grading based on GIA standards. The reports will be issued only for D-H, IF-VS2, Rap Spec A1, 0.50 ct. and larger diamonds. Every stone must have received a GIA grading report in the last two years. The reports will not be issued for stones that “lack overall brilliance, have features that limit trade liquidity, or have borderline grades,” a statement says.
The new “supercerts” will also provide additional information including tint, location and color of inclusions, and will include high-resolution images online.
“This will be the first real diamond brand that is open to the whole market,” he says.