A Guide To Getting Your Diamonds Valued

May 31

Embarking on the journey of getting your diamonds valued is a pivotal step, whether you’re looking to assess the worth of a treasured heirloom or planning to sell or insure your precious gemstones. Understanding the factors that contribute to a diamond’s value is essential for making informed decisions.

From the renowned 4 Cs-carat, cut, color, and clarity-to the intricate details that make each diamond unique, a comprehensive guide can be your compass in this process. This knowledge is useful when you’re buying loose diamonds or even bespoke diamond jewellery at https://www.aliciajdiamonds.com/ or similar websites. Whether you’re considering selling, insuring, or simply satisfying your curiosity, getting your diamonds valued is an invaluable practice.

In this guide, we will explore the essential aspects of diamond valuation, from the factors that influence the appraisal to the importance of seeking the expertise of certified professionals.

• Loose stones or jewellery?

Exploring valuation options for diamonds encompasses both loose stones and those embellishing jewelry like engagement rings and bracelets. Taking a comprehensive inventory of your entire jewelry collection can unveil potential treasures. The value you stand to receive for your pieces hinges significantly on the caliber of the diamonds. If you happen to possess loose diamond jewelry, it’s worthwhile to consider visiting a local establishment that provides jewellery repairs melbourne or your nearby location. This approach could potentially enhance the value you derive from your diamonds.

• Is sentimental value important to you?

Diamonds often carry emotional significance, whether they are family heirlooms passed down through generations or tokens of special moments in your life. While traditional valuation methods focus on the carat, cut, color, and clarity, the sentimental value can be immeasurable. It’s essential to communicate this aspect to the appraiser, ensuring that the valuation process takes into account the personal and emotional connections you have with the diamonds. This consideration becomes even more poignant when thinking about cremation diamonds, which are created from the ashes of a loved one, merging both material and emotional significance profoundly. Understanding the sentimental worth alongside the market value ensures a more holistic appraisal that resonates with your connection to these precious gems.

• In-person or remote valuations?

You can take your diamonds to a physical valuation centre and actually observe the experts while they examine your assets, which is a good idea if you’d like to have the chance to discuss the value of your diamonds in person. However, you can just as easily arrange a valuation by post if you don’t have the time for this.

• The four Cs

Diamond valuations are based on an expert’s opinion of how well the stone meets recognised grades and classifications for colour, clarity, cut and carat, although it is the carat element that has the most influence on prices.

Colourless diamonds with no imperfections, an excellent cut and a high carat weight will be worth the most, but are extremely rare. Values will otherwise vary quite significantly depending on the four Cs.

• Expert qualifications

The experts who examine your diamonds will usually hold qualifications that show they know what they’re talking about. When looking at the credentials of potential valuers, it’s a good idea to note any endorsements from or associations with organisations such as:

• The Goldsmiths’ Company
• The Royal Institute of Chartered Surveyors
• The Gemmological Association of Great Britain
• The Gemmological Institute of America
• The National Association of Goldsmiths
• The Institute of Registered Valuers
• The National Association of Jewellery Valuers
• The Appraisers Association of America

This will help you ascertain who best to turn to for a valuation.

• Market fluctuations

One thing that’s important to remember is that diamond prices change in line with the market, just like any other commodity. So, the valuation you receive may not be the same a few months or even weeks down the line thanks to factors like the state of the global economy, supply and demand, and recent developments in the diamond industry.

To give you an example, diamond prices rose by 1.8 per cent in March compared with the previous month, according to the IDEX Online Polished Diamond Price Index. However, they were still 3.3 per cent lower than in March last year, giving you some indication of how much the market can fluctuate.

That’s why it’s wise to get your diamonds re-valued if you do decide to release their value some time after their first appraisal, so you know exactly what you will get when you do sell your diamond ring or take out a loan against that diamond necklace you’ve been treasuring for years. The latter might be a particularly sound option if you want to keep your prized piece of jewellery and potentially release its worth again at a later point.