Diamond Appraisals

Because a diamond is considered to be an extremely valuable commodity, most jewelers and those in the diamond industry will recommend an appraisal. There are numerous reasons for doing so, most of which are linked to personal responsibility. Here is a short overview of the primary reasons for having a diamond appraised.

Getting an appraisal will prove the Diamond is authentic. Unfortunately, there are a large number of unscrupulous and dishonest businessmen who will sell imitation gems, such as Moissanite, Cubic Zirconia and even pieces of polished glass as diamond. Consequently, having an appraisal performed on your diamond – or other gemstones, is a simple way to ensure the diamond is authentic. Obviously a certificate will prove this as well, but it has also become common for certificates to be faked as well, so the consumer must be cautious and take this extra step.

The appraisal will help with insurance. Most people insure things of value, from family members to cars. While people are not comparable to diamonds, there is a significant financial loss if a family member, especially if it is the main breadwinner. Diamonds, in a similar vein are worth a considerable amount of money. Consequently, if something were to happen to it, such as theft, a massive financial loss occurs. If the value of the diamond is known and insured, you can be compensated for the loss, if it should occur.
Resale. If you should have a need to resell the diamond, knowing the original value will give you the ability to haggle with a jeweler over the price you will sell it for. As an alternative, the appraisal will give you the range of value which will give you an edge when selling the diamond as you will know what the true value is.

Value and Age of an antique item. Antique items often contain gemstones, which depending on the size can be quite valuable. If you own an antique item, such as an heirloom ring, knowing the value of the stones set in it will tell you whether the antique has increased in value. In addition, an appraisal can tell you what era your diamond comes from.
Summary of information about the diamond. In the modern age, most people want concrete proof of an objects’ value. A written appraisal will state everything there is to know about the diamond, especially any background information that could contribute to a higher value.

Dennis Lawson is a gemstone appraiser who recently started appraising diamonds at request. He occasionally contributes to Dimaondpriceguide.com.