When you bring a diamond to New York Loan Company for a collateral loan, one of the first things our gemologists look for is the GIA (Gemological Institute of America) report. But why does this specific piece of paper matter so much?
The Gold Standard
The GIA created the 4Cs (Color, Clarity, Cut, and Carat Weight) that the entire industry uses. Their grading is known for being the most consistent and conservative.
The Value Difference
A diamond graded as “G Color” by a less strict lab might only be an “I Color” by GIA standards. In the wholesale market, this difference can mean thousands—or tens of thousands—of dollars.
- Loan Implications: Because we base our loan offers on the true wholesale market value, a GIA report gives us the confidence to offer the maximum amount.
- No Report? No Problem: If your diamond is missing its report, our on-staff GIA-certified gemologists have the equipment and expertise to grade the stone in our private offices, ensuring you still receive a fair and accurate valuation.
