Many of times we here at UnitedDiamondBuyers.com get a call or request to buy a piece of jewelry or diamond based off a written appraisal.
An jewelry appraisal is usually some sort of paperwork describing one's diamond jewelry that the consumer purchased at one point. Sometimes the appraisals describe the whole jewelry piece, sometimes it just describes the diamond by itself, and sometimes it describes both together.
Chances are when you bought the diamond or diamond ring, the jewelry store supplied their own appraisal, but sometimes people go and get their jewelry evaluated outside the jewelry store, from an independent gemologist.
We recommend if you are going to get your jewelry appraised, you at least find a GIA graduate gemologist, with at least 5 years from graduation, and plenty of recommendations and experience.
Please remember that just because an appraiser is a graduate of the GIA course of gemology, they are still conducting grading as an independent. If the same diamond you are trying to sell went to your local GIA gemologist for grading, and then was sent to the GIA lab for grading, you may be shocked to find two different results. Why?
This is because the only way you can 100% be certain your diamond is what an appraisal says it is, it needs to get it certified by GIA itself. Only they will have the authority in the United States to have the final call on what your diamond's grades are. Your local gemologist may be certified by GIA, but by law they are only allowed to conduct a grading based off their own skills, and GIA is not responsible to represent that individuals grading on their own outside of their alma lab in L.A. or NY.
If you are curious about what your diamond may be, please contact us at firstname.lastname@example.org, and we can set up consignment services to get your diamond off to the lab for a grading. GIA only offers this service to the trade, so we here at UnitedDiamondBuyers.com can get you right in the door!
So What If I Buy A Non GIA diamond, but I have an appraisal?
We can always buy a diamond that isnt GIA certified, because we have the experienced knowledge and reputation in buying and selling diamonds based off these certifications, so we are pretty comfortable in grading them what they are.
My Appraisal Says My Diamond Is Worth 3 Times More Than What I Paid For It, Show Me The Money!
Ok, we understand the use of an appraisal in our business, but we need you to, too. We aren't in this business to rip people off of thousands of dollars by selling their diamonds, but we are in the business of following diamond market prices. What an appraisal says and what a diamond is worth are two totally different things.
There is no rule or regulation saying that a consumer must buy a diamond from a jewelry store. Just like nike, or prada, these products all have profit margin in them. The only difference is that a diamond goes up in value as time goes on..That is, goes up in value if bought at a market price.
If a consumer buys a diamond from a jewelry store, then they are already paying anywhere from double to triple the market price cost of the diamond as a commodity. In other words, Retail.
When someone buys a retail diamond, they are getting an appraisal to accompany the diamond ( either there or from an independent grader) .
It's important to understand that the purpose of the appraisal is to give the insurance company a copy, just in case something happens to the diamond jewelry in which the consumer has to replace the piece, at a retail price.
Some Diamonds are purchased at the beginning from a diamond wholesaler or dealer, in which the consumer buys the diamond right at the market wholesale price. In these situations, then the diamond is actually worth more than what the consumer pays for it.
Ask yourself a question.. if you bought a diamond today at the jewelry store and the appraisal said it was worth $10,000 more than what you just bought it for.... wouldn't you be quitting your job and start to sell diamonds for a living?!
We'd think so! ( And we'd wish it was that easy!)
So next time you are thinking about buying or selling a diamond, think about UnitedDiamondBuyers.com, we can assist you in any cash quotes on the diamond for sale, consigning for more money, or simply just buying a diamond from a wholesaler.
Contact us today!
United Diamond Buyers