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Old Michael_E

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Goofy lawsuit against GIA
Quote this post and reply to it Post#1 @ 09-27-05 , 12:26 PM


This lawsuit has been going on a while and doesn't seem to be getting the plaintiff anywhere. Good thing. Here's one link:
http://www.jckgroup.com/article/CA6...atory+%26+Legal

Basically a buyer of the plaintiff's did not agree with the GIA about the quality of a couple of diamonds and declined to buy them once they had seen them. SOOOO, he sues the GIA because their opinion differs from his clients opinion. HMMM, I think that's kind of goofy.

The GIA makes a point of telling everyone that their diamond grading reports are their opinon, (an expert opinon, but still just an opinion), and that your opinion may differ once you view the stone. How the heck can you sue someone, (the GIA), because their opinion differs from your clients opinion ?

This brings up an important point about just what grading reports or "certs" are and what they are NOT. They ARE an expert opinion produced by an organization with the best reputation and the greatest integrity of any grading organization in the world. As a buyer at any level, YOUR opinion may not agree with theirs and you should buy any particular stone based on how you view the stone when you are looking at it and not on what the report says. These reports are NOT a guarantee by the GIA, in any sense of the word and the GIA is very particular in making this as clear as they can in the language that is printed on every report that they issue.

I don't think that this suit has a prayer of getting anywhere, but weirder things have happened. What do you folks think ?


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Re: Goofy lawsuit against GIA
Quote this post and reply to it Post#2 @ 09-27-05 , 02:41 PM


Stranger things have indeed happened.

How about this one from the records of the NYC Police Dept:

They were pursuing a fleeing mugger in the subway station who was shouted at to "Stop, Police!" several times. He turned to fire, and was shot in the leg by Police. The mugger was apprehended but subsequently sued the City of NY and the NYC Police for 7 mil for "wrongful injury".

He won.

Ask the Vegas bookies what odds they give GIA.

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Re: Goofy lawsuit against GIA
Quote this post and reply to it Post#3 @ 09-27-05 , 02:42 PM


Isn't GIA a "non-profit" organization? I think it is someone trying to get rich. You never know anymore with lawsuits....some of the most hideous lawsuits out there have won!!! ~Ronda

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