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How do I get my diamonds appraised?

Have you ever taken a close look at your diamonds and wondered how much it was worth? What if you misplaced it and had to acquire a new one? How much would it cost? How exactly do you go about having a diamond appraised in the first place?

A competent and well-known assessor may be found by searching online for qualified and well-known appraisers. The next step is to drop off the diamond to be analyzed. An evaluation may be conducted in a day on average and costs between $50 and $100. The evaluation will include a detailed appraisal of the diamonds and their worth, as well as a certificate certifying that the appraisal was completed properly.

In this article, we will make sure you get proper knowledge on how to get your diamonds appraised.

What does Appraisal Mean?

An appraisal of a diamond is an evaluation of the quality of the diamond. It is determined by the weight, the cut, the color, and the clarity of the diamond. If it is appropriate, the appraiser will also consider the value of the ring’s band where the diamond is placed, which is also known as the setting.

The appraisal will be accompanied by a document that certifies that the appraisal is legitimate. It provides the specifics of the evaluation as well as the procedure through which it was conducted. Essentially, it’s a document that explains why your diamond is worth a certain amount of money and how it was obtained.

Please keep in mind that the estimate provided in an appraisal will not reflect the real market worth of the diamond. In fact, it’s rather common for an appraisal to be far more than the real cost of a diamond, sometimes even twice that amount.

Why Getting Your Diamond Appraised is Important?

You place a high value on your diamond jewelry, such as your diamond ring. No matter whether it’s your engagement ring, wedding ring, a family treasure, or even something you purchased for yourself, the item is precious in your eyes. However, just because something is priceless doesn’t mean you shouldn’t try to figure out how much it is worth.

It’s critical to understand the monetary worth of your beautiful jewelry. It’s comforting to know that you got a decent deal on your purchase. Additionally, you must have a legitimate and professional assessment to get jewelry insurance. In the event that your ring is misplaced or stolen, you may get it replaced.

To go a bit further into the issue, an appraisal may also include photographs and a full description of the ring, which may aid police in their efforts to locate lost items of jewelry. Perhaps it is something that only occurs in movies, but at this moment in time in 2022, everything is possible. It’s just preferable to be prepared.

When You Must Get An Appraisal? 

Make an appointment to have your diamonds appraised as soon as you get them or after you purchase them. The evaluation of the diamonds will be provided by certain retailers like James Allen and the Blue Nile when you purchase it from them.

This does not rule out the possibility of getting it appraised in the future if you have never done so before. It’s never too late to find out how much your diamond is worth! However, don’t rush to the appraiser’s office as soon as you’ve been proposed to. That would be a little strange for your fiancée to experience since you have just purchased a diamond ring.

You should get your diamond re-appraised every few years. The price of diamonds and gold changes, and this has an impact on the worth of your diamonds over time. So, if you haven’t already, have your diamond jewelry such as diamond rings then make sure to appraise before the values of precious metals plummet more.

How Does Diamond Appraisal Work?

The appraisal is focused on a few key topics. The 4 Cs in diamond appraisal are cut, clarity, carat weight, and color. The diamond appraiser will search for these characteristics in the jewelry.

The quantity of yellow in a diamond, as well as any defects, commonly known as inclusions, are taken into consideration when determining the color and clarity of a stone. Because a perfectly white diamond with no faults is very unusual, don’t be discouraged if the jeweler discovers flaws in your diamond.

The cut of the stone refers to the manner in which the diamond was cut. If you look attentively at your ring, you will see that the diamond has all of the flat edges. A jeweler will measure them in accordance with industry standards, such as a rubric that assesses the quality of the stone.

In the jewelry industry, a carat is a unit of measurement that is equivalent to 0.2 grams or 200 milligrams. The carat weight of a diamond is proportional to its weight in grams. The greater the number of carats in a stone, the higher its monetary worth.

Where you can Get Your Diamonds Appraised?

A variety of alternatives are available to you when it comes to having your diamonds appraised. In-house evaluation services are provided by the majority of jewelry businesses. Just be certain that you’re dealing with the genuine jeweler, not an assistant or an apprentice, before proceeding.

Depending on if your diamonds were purchased from a high-end dealer such as James Allen, it may have been accompanied by an evaluation. A lower-priced or even free option may be available if they don’t have one.

The second option is to seek the services of an independent appraiser if you so want. If you want to do so, be certain that you do so with someone who is trustworthy, honest, and not dodgy in their dealings. No pawn stores in the back alleys! With no disrespect to them, it is not easy to believe they have had enough training in diamond evaluation.

No matter whether you choose to have your diamonds appraised at a jewelry shop or by an independent appraiser, you must be certain that the person doing the evaluation is properly qualified in gemology and appraisal so that you can be certain that they are an expert in the field.

The American Gem Society can help you identify the most competent appraiser for your needs if you don’t already know where to seek.