Is It Or Isn’t It?

The lab report says the diamond weighs 1.09 cts, has a G color, a VVS clarity. No cut grade but a selection of dimensions. The lab report also says these figures and letters represent opinion, not necessarily the exact grading they seem to represent. This odd situation has existed for years. The report says, in effect, "These are the facts." Then adds that they may not be. As an academic exercise, such an apparent contradiction might be considered harmless, if somewhat puzzling. In the real world, where even a slight shift in a diamond's grade can involve thousands of dollars, the situation is far from academic. Yet the jewelry industry seems to accept it with only the rarest murmur of dismay. To be fair, the labs have always made their disclaimers right up front, even if the type is pretty small. But such disclaimers are disingenuous when the reports themselves are presented in su
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