Since their opening in 1931, the GIA (Gemological Institute of America) have quickly established themselves as the foremost authority in gemology and become the industry standard in gemological sciences. The...
What to do if you do not have any information on your diamondMarch 24, 2017 - Diamond Articles
When looking to sell your diamond it is important to know what you have. However, in many cases, people are in a situation where they do not have any paperwork because they have either misplaced it, or they never received it (for example, if a diamond was gifted to them). First, lets explore the different types of diamond documentation that can prove to be beneficial in assessing the value of your stone. These include, but are not limited to:
- Diamond certificates
- Jewelers or insurance appraisals
Having these documents will aid you greatly if you are seeking to resell your diamond or if you simply want to know the value of your diamond. They provide key information and will give you a better understanding of its value.
Not every diamond will come with a certificate, depending on where it was acquired from.
So, what is a diamond certificate?
Diamond certificates are issued by diamond laboratories and provide detailed documentation on characteristics of your stone, beyond just the 4 C’s. The GIA is the gold standard in the diamond grading industry and provides extremely reliable grading’s. Other laboratories vary in the reliability of their grading standards, but nonetheless are a great starting point and can at least give you an approximate idea of the quality of your diamond.
And what is a diamond appraisal?
These are issued by jewelers for insurance purposes. They do not contain as much information as a certificate and are the opinion of a jeweler (not a trained gemologist following strict diamond grading standards). It is important to note that any monetary value on an appraisal is highly inflated as this allows insurance companies to charge high premiums. This should not confused with the resale value of your diamond however.
What should I do if I don’t have any information about my diamond?
Not a problem. Your first port-of-call when seeking information about your diamond should be to receive a a free, verbal appraisal from a jeweler. Do not pay for a full and written appraisal. You are simply looking for a rough idea of the characteristics of your diamond.
What information do I need on my diamond?
For an initial estimate, you will want to receive the following information:
- Carat Weight – You will want the weight of the largest stone. Carat (often abbreviated to ct) is the standardized, global weight measure for diamonds. A carat weighs 0.2 grams.
- Color grade of the largest stone – this will come in the form of a letter ranging from D (colorless) to Z (light yellow). The closer the letter is to D, the higher quality the color is. However, diamonds beyond Z enter the realm of fancy color grades, such as: vivid red, light blue and deep pink (among others). These fancy color diamonds are extremely rare. We always recommend that high value fancy colored stones be certified by the GIA.
- Clarity grade of the largest stone – this will range from FL to I3. Inclusions as well as external blemishes impact the clarity of the stone. The position, size and number of the characteristics will influence the overall clarity of your diamond. The cloudier your diamond looks, the worse the overall clarity is.
- Shape- (also referred to as cut, but not to be confused with cut grade, see below) of your stone also influences the value of your diamond. Round shapes typically hold much greater value than other shapes, closely followed by princess cuts. The shape of your diamond influences its value depending on what shapes are popular and in fashion at the time. You can typically determine the shape of your diamond simply by referring to this diagram guide to assess which shape most closely resembles your stone.
And to a lesser extent:
- Cut grade- While it is always good to have your diamond’s cut grade as this will help receive a more accurate initial price range, you can still receive a price quote without this. Cut grade refers to the dimensions of your diamond and ranges from Excellent to Poor.
Remember that the anatomy of each diamond is unique, and so for a more comprehensive understanding of your diamond, you will need the opinion of a diamond specialist.
How can I get a price for my diamond?
Now that you have the basic facts on your diamond, you can receive your initial estimate by clicking here.
In order to receive a final price, a trained gemologist will need to examine the stone in person. At WP Diamonds, we offer appointments with our diamond experts in New York, Los Angeles, Dallas, Birmingham (UK) and London (UK). We also offer free and fully insured shipping to our headquarters. Our offers are made within 24 hours of receiving your stone and we provide safe, fast payments. WP Diamonds is a BBB accredited business with an A+ rating, ensuring a safe selling process.