Jewelry appraisals and jewelry grading both sound familiar to anyone who first hears about what they are, but there is a difference between the both of them.
WHAT IS A DIAMOND JEWELRY APPRAISAL?
There are 27 different types of appraisals. You choose which kind of appraisal you need depending on what you want to do with your jewelry. The specific thing being either needing insurance, wanting to sell, liquidation, and so on.
A jewelry appraisal is when a professional gemologist or jeweler gives your gemstone a dollar-value. While an appraisal gives your gemstone a value, it's meant to help the business side of your jewelry. (Yes, your jewelry has a business side!)
Your appraisal doesn't give you the absolute value of your stone. It's what would, for example, get you what you need if you were to claim insurance. It’s really just an estimate of the actual value. The reason being that there isn’t a deep inspection like there would be in a jewelry grading.
A diamond jewelry appraisal is something you should do after buying your jewelry because it gives you peace of mind. You don’t have to worry about what will happen if you were lose it or have it stolen.
So, what exactly happens during a diamond appraisal? Well, Mazal Diamond shared, that, “In the process of appraisal your diamond will be inspected, either loose, mounted or in its jewelry setting.”
WHAT IS DIAMOND JEWELRY GRADING?
A jewelry appraisal is what gives your stone a value. Jewelry grading is when a gemologist evaluates your stone and it’s 4 C’s. The 4 C’s being your jewel’s stone carat weight, color, cut, and clarity.
The 4 C’s and diamond grading is what gives you a market value.
It’s important that you know what the 4 C’s are before you go in for a diamond grading so that you can follow along and know what your gemologist is talking about.
Worthy shared that, “a diamond grading report is the most transparent, accurate and objective tool you need to determine how the market values your diamond jewelry in a specific moment in time.”
Although I’m sure you know, I’m going to remind you anyway. Make sure that whether you’re getting an appraisal or a diamond jewelry grading, you’re going to a professional. A jeweler has to be trained and a gemologist truly needs to be professional.
You’ll probably be tempted to Google up someone with the cheapest prices. However, the people who charge little for this type of job are the people that you shouldn’t be trusting. The wrong jeweler or gemologist can give you a wrong estimate. Or the value of your gemstone after a grading could be much lower than it’s actually worth.
Do your research first, and know that the investment for a good appraisal or grading is worth it.
Carlos Castillo is a graduate from the prestigious Gemological Institute of America (GIA) and the University of New Orleans.