That is a really good question Server. Actually colored gemstones are not graded the same way as diamonds. Diamonds go like this, from best to worst:
Flawless
Internally flawless
VVS1
VVS2
VS1
VS2
SI1
SI2
I1
I2
I3
Now it is very funny that you mentioned SI3 in your post, because for diamonds this is a SCAM. There is no SI3. It is an I1 after hiring a PR agency.
Now let's look at colored gemstones, again from highest grade to lowest:
VVS
VS
SI
I
Short list, huh? This is the standard set by the Gemological Institute and the scale that I use. There are other schools out there that are superb, and they have different scales. But I didn't study with those organizations so I don't know their scales in the same way that I do the GIA methodology, standards, and grades.
I am a tough grader, and sometimes that hurts me. If you are used to shopping on eBay, every stone is a "museum grade masterpiece" and is "flawless". Well, no- sorry. I have been told more than once that my SI compares to others' VVS. That does not mean I am too hard- that means they are too easy. Most people have not spent the money and time that it takes to do the GIA lab classes and don't have the experience of a GIA instructor grading their work. GIA is very particular when it comes to grading and that is how they teach their gemology students.
Unlike most all of the trades people who advertise that they are "GIA trained" or "GIA certified" (there is no such thing- GIA does not certify people), I am actually a Graduate Gemologist. If someone tells you they are a gemologist you owe it to yourself to verify what they say because you are placing a lot of trust in their education. Click on "student records and transcripts" to see if your gemologist REALLY has the credentials that they claim:
http://www.gia.edu/nav/toolbar/contact-us/index.html I didn't take the $199 weekend special- I did the full course and I make my living as a professional gemologist.
I'm ready for the tough questions now. Try me. Gemology is incredibly vast in scope and nobody has all of the answers, but I am confident that I can at minimum provide answers that most impartial, professional gemologists would respect. In some areas we are limited by the technology that is currently widely deployed at the laboratories of GIA, AIGS, GRS, Tokyo Gem Lab, and other such authorities. But if you have a question I can steer you in the right direction.