When you are shopping for a diamond, having a diamond report for the gemstone will give you peace of mind that the diamond you are buying is as described by the seller. The report, also called a diamond certification, is an unbiased diamond grading by an independent gemological laboratory that documents the characteristics of individual diamonds. To the untrained eye, most diamonds look the same. But with a certificate, you will know that a gem is real and the stone?s four C?s: cut, color, clarity and carats.
The benefit of a report is that with it, you don?t have to relay only on the word of a jeweler about the quality and worth of a diamond. And like the food label a grocery item, the certificate lets you comparison shop to get the best value for your dollar and avoid overpaying for a lesser diamond. There is usually a small charge for the service and the certificate, but the cost is minimal relative to the cost of the diamond. Do not ever buy an expensive diamond that does not come with a certificate and be sure that the certificate is from one of the few reputable gemological grading laboratories.
There are many laboratories grading diamonds and other gemstones. Some of the best known names are Gemological Institute of America (GIA), Professional Gem Sciences (PGS), American Gemological Society (AGS), International Gemological Institute (IGI) and European Gemological Institute (EGL). The two most prestigious are GIA and AGS. They are well respected in the industry for issuing constant and reliability reports. You can?t go wrong if stick with certificates issued by these two labs. You can be assured that the quality of a diamond will not be exaggerated that can inflate that price you pay for the diamond.
Another benefit of having a diamond report is that it removes many of the potential disagreements between you and your insurance company about the value of the stone should you ever need to file an insurance claim for losing or damaging the stone. The diamond report establishes the quality of the stone.
If you insure you diamond, be sure to give a copy of the diamond certificate to the insurance company. Usually an insurance company will not insure certified loose diamonds. Chances are that your stone will be part of a ring or a piece of jewelry. Bear in mind that a diamond certificate documents the quality of a diamond and it does not address the value of the diamond or the jewelry. For that, the jewelry must be appraised by a qualified professional appraiser, who will make an impartial assessment or estimate of the current value of the jewelry with the diamond.
The appraisal is a separate document from the diamond report that places a current replacement value on the diamond jewelry. The information on the appraisal and the diamond certificate shows the insurance company the quality and the value of the diamond or jewelry and gives the company less doubt about you claim, which improves the chance of you getting an equal replacement value for your lose or damaged jewelry.
Another benefit of a certified diamond is that it will make it easier for you to sell the diamond to someone else. Just like when you are buying your diamond, potential buyers of your diamond will want to see a report for that stone. Having the report will make selling the diamond easier.
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