Diamond Valuations Are Not Just about the Certificate
If you want to sell your diamond, this can be a risky business. Although it’s true that a diamond’s certificate confirms its authenticity, experts in the industry say that even certifications are not set in stone. Be careful that the certification comes from a reputable lab and dealer.
If you are buying a diamond, this will help ensure that you pay for actual diamond valuations, not an inflated price. Similarly, if you’re selling your diamond, a reputable company can accurately appraise your diamond and give you a fair price. A reputable company will know how to do accurate diamond valuations for both buyers and sellers.
What can affect your diamond’s grade
There is something in the diamond industry called tolerance. Tolerance gives labs that evaluate diamonds a certain leeway, in that there might be variances in diamond appraisal based on grade. Reputable companies have only minor tolerance variations, while less reputable companies may vary more in their appraisals, even of the same diamond on different occasions. What that means for you as a seller is that you should only choose reputable companies to evaluate your diamond, since their tolerance variations are much lower.
Why company reputation is so important
Industry experts say that appraisals are used as marketing tools in the industry more and more often. That’s why you need an appraiser and a company that truly knows the value of diamonds and will give you the best price for your diamond. A truly reputable company bases diamond valuations on its own impeccably minded, trained gemmologists’ opinions. Therefore, when you sell your diamond to one of these trusted companies, you will truly get the best price possible.
Are you the best value for your diamond?
The certificate will tell you what the diamond is worth based upon its grades for clarity, cut, carat and colour, and that appraisal is based upon what a particular gemmology lab might have said. Again, if the appraisal was done by a less than reputable company, you may get less for your diamond than it’s worth. To make sure you get the best deal, find a reputable company that will assess your diamond’s true value and give you a fair price at the time of the sale. You can be sure that you will get the best price for your diamond, and that every assurance is made to give you a fair price based upon your diamond’s actual quality.
The difficulty with inaccurate diamond valuations, whether those inaccuracies are deliberate or accidental, is that you’ll always overpay for a diamond if you are trying to buy one. And if you’re trying to sell, similarly, you’ll get too little for your diamond unless it’s been properly appraised. Make sure you go to a reputable company when you sell, so that you get the best price for your diamond.