Independent Certified Gemologist Appraisers and Certified Gemologist Appraisers of the American Gem Society possess the necessary skills and experience to render valuation reports for your jewelry items. They have been educated in both gemology and the methodologies of jewelry and diamond appraisals. You will receive competing bids for your diamond and get to approve the highest one. From there, we send you the money and the diamond goes to the new owner.
Diamond Price vs. Diamond Value After paying a hefty price tag, many are surprised to find out what their diamond is actually worth. When buying diamond jewelry the price works the same way as any retail markup. For example, Marquis cut diamonds were once very popular and had a high value. Today, they are significantly less valuable in the context of the market due to lower demand. That is why, here at Worthy, we take the GIA diamond grading cost onto ourselves, ultimately getting you the best value.
Our complimentary GIA grading reports serve to enhance buyer trust and ensure that you receive the best possible value when selling your diamond. Luxury Item Protection. Worthy provides full insurance coverage for every shipment. We trust Lloyd's of London, a global leader in insurance since , to protect all valuables auctioned on our platform.
Click here for more about our item protection policy. Carat refers to the weight of the diamond. In addition, such a document will provide you with an additional argument supporting the price you are asking, as long as it is reasonable. When it comes to choosing a professional to appraise your diamond ring, the best and most common choice is a qualified appraiser. Look for someone who has been certified by a respected organization such as the National Association of Jewelry Appraisers N.
A professional appraiser is trained not only to establish the quality of a piece of jewelry, but also to assign a value to it something that many gemologists do not do. The appraisal should be done by an impartial third party, and the appraiser should not have a conflict of interest e.
The appraiser should not base his or her fees on the appraised value of the diamond ring being evaluated as that would create an incentive to inflate the value of the jewelry.
Make sure that the way the appraisal fees are structured does not motivate the appraiser to make a biased assessment. If you are requesting an insurance quote then the value of the item is one of the first questions asked:.
If your diamond jewelry is lost or stolen, you can submit your appraisal to the insurance company covering the diamonds as proof of its value to ensure that the compensation you receive is accurate. Appraisals will vary depending on their purpose and the quality, cut, and age of your diamonds.
Typically, you will receive one of these three kinds of appraisals:. This is because the fair market is the price that someone will buy it from you, who will then need to factor in some profit before they can sell it on:.
Even if you have the original receipt for your diamond, you will still need an appraisal for insurance or tax purposes. The receipt or point-of-sale documents will usually show a line or two about your diamond along with the price. There are other aspects of a receipt that may not reflect the full value of your diamond.
If you bought your jewelry second-hand e. An appraisal is the only way to ensure you have an accurate understanding of the your diamond jewelry.
Diamond appraisals, like many things relating to diamonds, can be trickier than they first appear. Many jewelers will give you an appraisal when you buy your engagement ring and, almost without fail, it will be higher than the price you paid for it.
Picture this: you buy a diamond ring and it is appraised for exactly the amount your paid for it. You think you got an OK deal, right? But you may be left wondering whether you could have got a better deal elsewhere….
To ensure you receive an accurate picture of the true value of your item. Typically a diamond appraisal will run much higher than the price you will receive if you sell the item.
This is due to several factors, including:. If you are looking to sell an item of jewelry, you should never take the appraisal value from someone who is interested in buying it. Pawn shops are especially notorious for this — giving low value appraisals and then bidding way under that because they know that people are likely to be in a rush to sell.
The most accurate appraisal is likely to be from someone who has no commercial interest in the outcome of the appraisal. In your search for an appraiser, you should look for an individual who has high ethical standards, understands the legalities surrounding diamond appraisals, and has experience in their field. To help you sort through appraisal listings, there are a few metrics you can use to ensure that your appraiser will perform their job accurately and professionally.
When hiring a diamond appraiser, they should be willing to cite the following qualifications that prove they are trained and knowledgeable in their work:. One of the first things you should ask is to see if they have certification through an organization such as the GIA Gemological Institute of America.
These experts are well trained at appraising gems. They are very familiar with the 4 Cs of diamonds and will be able to provide accurate assessment of the quality of your diamonds. While this may not seem as important, your appraiser should have a well-rounded understanding of how jewelry is manufactured.
This is especially true if your diamond is set in an engagement ring, a necklace, or another piece of jewelry. A fuller understanding of the industry as a whole ensures a more accurate appraisal.
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