How Are Diamonds Appraised?
Often diamond appraisal and diamond certification are used interchangeably. A diamond appraisal involves specific characteristics and is usually done after the certification. Does this Spark an idea?
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Function
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There are two general steps to the appraisal process. The first involves verifying that the previous certification or grading is accurate, and the second is assessing a monetary value for the stone.
Considerations
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For an accurate appraisal to take place, the appraiser should have some training in gemology or be a gemologist, one who has specific training in the grading of stones.
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Expert Insight
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Many in the gemstone business recommend having an independent appraiser do the evaluation, as it has become commonplace for people to fake an appraisal by looking up a suggested value and then marking up the price for quick sale. An independent appraiser has no vested interest in the sale of the diamond and the consumer will be able to compare the sale price with the appraised value.
Considerations
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An appraiser must physically examine the diamond to give an accurate appraisal. Many people assume that they can simply send over the certification paperwork or describe the appearance.
Warning
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An appraiser's fee is based on the difficulty of the evaluation, which is based on the time involved and the size or quality of the stone. Generally, the cost for an independent consultation begins at $125, and increases $25-$75 per hour after the initial fee. Appraisals done in-house by jewelry stores are generally financed by the sale of the jewelry itself.
Misconceptions
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Many people often treat their diamond to improve its general appearance, including jewelers. You may be suprised that your diamond has been treated to mask color or alter some other imperfection.
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