Do you need an appraisal for a diamond ring?
Secondly, by obtaining a professional diamond appraisal, you can insure your ring for a full replacement value. In fact, appraisals are absolutely necessary if you’d like to take out an insurance policy on your diamond from an insurance company.
How does an appraisal affect the value of a ring?
Factors such as a ring’s brand name and place of manufacture can affect its value, although this aspect of the appraisal process can be more subjective than valuing a diamond or setting.
Do you need an appraiser to value a gem?
Useful contact information if you’re looking for a professional to value your gem or jewelry item. GIA does not provide an appraised value for gemstones or jewelry. This service should be performed by an independent appraiser. An appraisal should contain a quality analysis, description, and valuation of the gemstone or jewelry item.
What’s the difference between an appraisal and a diamond grading certificate?
An appraisal is different than the diamond grading certificate that comes with your ring. A diamond grading report, like one from the GIA or AGS, provides details like Carat weight, Cut, Color and Clarity . A grading certificate does not provide a dollar estimate or value like an appraisal does.
Can you get an appraisal on a diamond ring?
These appraisals are inflated, and do not reflect the true value of the diamond. You may go to a jewelry store and receive an appraisal at double the price you paid for the diamond. For example, you purchase a diamond ring for $10,000 and the appraisal says the diamond is worth $20,000. What a great deal! (so it seems)
Factors such as a ring’s brand name and place of manufacture can affect its value, although this aspect of the appraisal process can be more subjective than valuing a diamond or setting.
An appraisal is different than the diamond grading certificate that comes with your ring. A diamond grading report, like one from the GIA or AGS, provides details like Carat weight, Cut, Color and Clarity . A grading certificate does not provide a dollar estimate or value like an appraisal does.
Do you have to include dollar value in an appraisal?
This is a commonly asked question that GIA, EGL, or AGS etc. certificate reports do NOT include-the dollar value. This is why people often look to their jewelry appraisal for the value, however, appraisals are mostly done for insurance purposes and unfortunately, the truth is, you can NOT sell your diamond for the face value of an appraisal.
