Importance of Diamond Appraisal in Diamond Trading

Written By admin on Thursday, April 28, 2011 | 12:26 AM

If you are planning to invest in diamond trading then there are two major things which you will need:

A thorough knowledge of diamonds
Trustworthy diamond appraisal services

Buying diamond jewelry is considered to be a financial investment with tremendous value not just for now but also for the future. It is advised to protect your investment by getting a certified diamond appraisal done.

Getting diamond appraisal obviously has some benefits. Since buying diamond is an investment, it would be wise to include it in your property insurance. In such cases, your insurance company would want a written description of the jewelry item. Here, your diamond appraisal is essential as it will define the specifics of your diamond like weight, cut, size, shape, carats and appraised value. It is practically important as it helps in determining the value of the diamonds which you plan to buy. It is best to get the appraisal done from a company which is certified by any reputed laboratory or institute.

Infact, there are many online trading companies dealing in diamonds who provide online diamond appraisal. These companies get the services of the GIA or the Gemological Institute of America. GIA is one of the most reputed laboratories in the diamond industry which issues diamond grading reports and certificates. The report estimates the quality of the diamond showing the exact position, shape, size, color and clarity. However, the report does not contain the appraised value of the diamond.

Even if the report does not contain the appraised value, it is still very important as it establishes the true quality and authenticity of the stone which is extremely important in diamond trading. This certification assures of the quality, dependability of the diamond and it facilitates smooth transaction. This forms the basis for the gem's price and insurance.

Along with the evaluation report, the authenticated professionals offer appraisal and assign an appropriate value to the gem. One can rely on the same, which is backed with the certificate from a reputed institute. The laboratory report contains information which remains constant but it can change depending on many factors, most particularly the market conditions.

In case you want to sell your diamond jewelry, a certified appraisal will enable you to get every worth of your item. Without it, it is difficult for you to accurately price your jewelry in this changing market. It might be that what you paid for the diamond years back is minimal as compared to what it is worth now.

While looking for diamonds, you will find some good trading companies who tend to offer a free online appraisal with your purchase. This is a value added service by the companies and would save your time and money. However, one again needs to be sure that is done by a professional with a GIA degree.

Hence, you may use these online diamond appraisal tips to get peace of mind, get correct value and enjoyment from your jewelry.

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