There are many of us who have diamonds in our possession that were either given to us as gifts or inherited from a family member. As much as we appreciate beautiful jewels, we are sometimes left wondering, “How much is my diamond worth?
Moreover, you also want to know where you can get your diamonds appraised which is secure and safe for you and your jewelry. Here in this article, we will make sure you are guided properly about where you can get your diamonds appraised without the risk of any scam.
Where can I go to have my diamond appraised?
Although the Gemological Institute of America (GIA) may produce an impartial diamond grading report based on these basic criteria, the GIA does not issue diamond appraisals unless the diamonds are very large or uncommon.
A gemologist spends years studying how to rate gemstones via formal education and hands-on experience in the industry before they may attempt to estimate a diamond themselves. This will help you better grasp the 4 C’s and how much your diamond is worth whether selling it at auction or in a private transaction.
An expert appraiser or a diamond buyer can offer an accurate valuation of the diamond’s replacement cost. Three diamond appraisers which you should consider are given below:
1. Worthy.com – an online platform for diamond appraisal
Worthy.com is a specialist online auction site for diamond jewelry that is based in the United States. So if you are living around Frisco, Texas, it is highly recommended to check their site. As soon as you decide to sell your diamond jewelry, Worthy connects you with a network of skilled jewelry buyers who will make a cash offer to buy your diamond jewelry.
Amounts as high as 18 percent of the selling price of your item are collected by Worthy in commissions. It is in the best interests of both you and them if your diamond sells for the highest amount of money possible. One of the key reasons is Worthy performs a GIA review on each item before allowing it to be featured on their website. Depending on the GIA test result, Worthy will provide you with an estimate of how much your item may be worth.
Only Worthy will accept jewelry with a center stone valued at $1,000 or more. When it comes to estimating the value of a diamond, a decent rule of thumb is to look for one that is at least.5 carats in weight (or larger).
Isn’t it the most wonderful thing? The GIA report is yours to keep if you decide not to market your item or if the auction is suspended at any stage during the sale. GIA certification ensures that if and when you decide to sell your diamond in the future, you’ll be prepared with the documentation.
To begin selling your diamond, just go to Worthy’s website and complete the form with the specifics of your ring or any diamond jewelry to get the process started. Worthy will provide you with a FedEx envelope that you can use to send your jewelry to them for a comprehensive examination if your jewelry meets their requirements. When the appraisal is complete, you have two choices: either put your item up for auction or have your money reimbursed to your account.
2. WPDiamonds.com – an online platform for diamond appraisal
If you bring in a round or fancy-cut diamond that is more than 1/2 carat or 3/4 carat in weight, WPDiamonds will do a diamond appraisal for you. If you’re attempting to sell your diamond, they’ll buy it from you regardless.
WPDiamonds.com is a diamond buyer that works only online, according to their website. Selling your diamond or diamond jewelry with WPDiamonds is as easy as filling out a short form on the company’s website. When you complete the form, WPDiamonds will offer you an initial estimate of the worth of your diamond. A final pricing quote may only be given when your diamond has been sent to them (through a FedEx label that has been completely paid and insured).
WPDiamonds will analyze your diamond after it has been received by them and certified by the Gemological Institute of America (GIA). In accordance with the findings of this examination, they will offer you a bargain. You have the choice of accepting or rejecting this offer at your discretion. If you decide to reject the item, it will be returned to you at no cost to you. By declining this offer, you might obtain a basic idea of how much someone would be willing to pay in the future.
WPDiamonds will not offer GIA reports for diamonds that have been appraised by the company. If you have a question about the value of your stone, you should contact the WPD gemologist directly.
3. Local Jewelry – in Frisco, Texas Near Your Area
Diamond appraisals, on the other hand, are typically provided by local jewelers who purchase jewelry or gemstones and resell them. Those who want to remain loyal to their favored suppliers may do so by purchasing their gemstones from them. Make an appointment with a local jeweler to discover whether they provide appraisals for diamond jewelry before bringing in your diamond jewelry. Because some jewelers charge a fee for their time, you may also wish to inquire about the cost of a jewelry appraisal.
It is important to note that local jewelers may or may not be certified by the Gemological Institute of America (GIA), so be sure to ask. If you want an official lab report on a gemstone, there are alternative options available, such as mailing it to the Gemological Institute of America (GIA). Others, however, are not willing to make this sacrifice.