Tag Archives: Appraising a Diamond Ring

Diamond Rings – Which is Better: A Larger Diamond Size or a Clearer Diamond?

Posted on Oct 28,2014

There are four basic parameters that diamond buyers must take into consideration when choosing a diamond, these are: cut, clarity, color, and carat weight. While all these factors affect a diamond’s appearance, most people don’t mind sacrificing one or two qualities in exchange for a bigger diamond.

For instance, some buyers might not mind a diamond that shows a visible tinge of color as long as it is bigger in size. However, when it comes to clarity vs. carat weight, the decision might be harder to make. This is because visible inclusions can tarnish a diamond’s overall appeal especially if it is a big stone.

When cutting diamonds, diamond cutters try their best to conceal any inclusions and blemishes. Inclusions are tiny defects or imperfections found inside the diamond. Some diamonds might also have some imperfections on the surface; these are called blemishes. Both inclusions and blemishes affect a diamond’s brilliance (i.e. how much light they reflect).

When it comes to diamond clarity, the size, number, and position of inclusions are all taken into consideration and affect a diamond’s value. This is why diamond cutters make it a point to hide them in strategic areas like the girdle or under the facets in the bezel where they won’t do much to affect a diamond’s visible appearance.

How Much Clarity Can You Sacrifice for Carat Weight?

If there were no budget constraints, anyone would be happy to receive a flawless diamond that is bigger than 1 or 2 carats in size but since diamonds in the flawless range can be incredibly expensive, sacrifices must be made to suit one’s budget.

Ideally, you shouldn’t settle for a diamond lower than VS2 (very slightly included). Diamonds in the VS1 to VS2 range normally have several inclusions that are visible under 10x magnification. Since you won’t be staring at your diamond under a magnifying glass all the time anyway, you’ll hardly notice the existence of these inclusions at all. It usually requires a skilled observer to view these inclusions even with magnification. Most diamonds sold in the market are of the VS1 to VS2 range.

However, if you are very particular about clarity, you might want to go a little higher by getting a diamond from the VVS1 to VVS2  (very, very slightly included) range. Diamonds in this range often appear flawless to the naked eye and even under 10x magnification, only a skilled observer should be able to notice the inclusions.

If you prefer a bigger carat size and you don’t mind sacrificing a bit of clarity to get the size you want, diamonds in the SI1 range should be ideal. Diamonds in this range have inclusions that may be visible upon close inspection even without magnification but the defects aren’t severe enough to affect the diamond’s overall appearance.

If size is your priority and your goal is a diamond that is bigger than 1 carat, a clarity value of SI1 should be your limit. This is because diamonds in the SI2 range tend to have visible inclusions for stones that are 1 carat and above. SI2 clarity is only ideal for stones that are less than 1 carat in size.

You should keep in mind that inclusions become mush more visible the bigger the diamond is. This is why it’s challenging to get a good balance between clarity and carat weight.

Most diamonds in the market are priced on a per-carat basis. The price of diamonds that are of the same cut, clarity, and color tend to double as you go up a carat. If for instance, the price of a diamond is $2,000 per carat, then you should expect to have to pay $4,000 for a 2-carat diamond of the same quality.

It’s okay to sacrifice clarity for carat weight just as long as you still find a good balance between the two. Diamonds, after all, are meant to be admired and it would be a shame if you cannot fully appreciate its beauty because you sacrificed too much clarity for size.

On the other hand, clarity is still a subjective matter. So if you do not mind a lower clarity range, then by all means go for that bigger stone. It’s your diamond to enjoy after all.

Posted in  Buying a Diamond, Cash for Diamonds, Diamond Colors, Diamond Cuts, Valuing Diamonds |   Tagged 

 

Diamond Quality Chart & Guide – What Affects the Value of a Diamond?

Posted on Aug 21,2014

Even when taken from the same rough stone, no two diamonds are the same. Each diamond has unique characteristics that determine whether it is a cut above or below the rest.

There are several factors that affect the value of a diamond but gemologists worldwide have come up with a common system to easily determine a diamond’s grade and value. This grading system is known as the 4Cs of a diamond. How a diamond fares based on the parameters of cut, color, clarity, and carat affects its overall value (not just monetary value but consumer demand as well).

Rarity

Rarity greatly influences the value of a diamond to a jeweler or a consumer. While diamonds come in almost every color of the rainbow, the most common diamonds available in the market are those that show a bit of a yellow tinge. As such, diamonds that are colorless (i.e. those in the D to F color grade) are greatly valued because they are more rare than diamonds in lower color grades.

Black diamonds are also very rare; so rare in fact that most black diamonds available in the market aren’t natural black diamonds but lab-treated diamonds (usually those from lower color grades). Due to their rarity, they are very expensive.

Cut

Every diamond expert or jeweler always emphasizes the importance of cut in a diamond. It is one of the most important factors that can affect a diamond’s value. Even the most flawless of diamonds can be dull and lifeless if cut in the wrong way. As such, a diamond cutter needs to be very careful and precise during the cutting process, as the slightest mistake in cut can affect the overall value of a diamond.

A well-cut diamond will have maximum fire and brilliance, as it is able to reflect most of the light to the crown or the surface of the diamond for the viewer to enjoy. A poorly cut diamond, on the other hand, will allow most of the light to escape from the bottom or the sides of a diamond and will have a very dull and lifeless appearance when viewed from the crown. To achieve the ideal fire, brilliance, and scintillation, a diamond has to have symmetrical facets and should not be cut too deep or too shallow. In other words, it should be perfect and precise.

Clarity

Most diamonds have natural defects within them called inclusions. As they are buried deep in the ground, inclusions are inevitable. However, there are some diamonds that either come with very few inclusions or none at all. Diamonds with very few or no inclusions are very rare and as such, are very valuable and expensive. Inclusions don’t only affect how flawless a diamond looks but it can also affect how the light bounces on the facets when it enters the diamond. Inclusions can therefore affect how much light is reflected on the surface of a diamond.

When valuing a diamond based on clarity, valuation experts don’t only look at the number of inclusions in the diamond but as well as their location and visibility. Inclusions located in places that aren’t visible to the naked eye (i.e. the girdle or under the bezel) are acceptable because they don’t affect the way light is reflected by the facets in a diamond.

Color

In majority of diamonds (except fancy color diamonds), color means the absence of a yellow tinge in the diamond. Colorless diamonds (i.e. those in the D to F color grade) are priced very high. However, color is subjective and some people don’t mind a bit of a yellow tinge as long as it is a well-cut diamond.

Since the demand for colorless diamonds is higher than those that exhibit a visible color even without magnification, diamonds are considered more valuable the higher they are in the diamond color scale.

Fancy color diamonds, on the other hand, are valued for the presence of color in them. Highly saturated fancy color diamonds are very valuable because of the vibrancy of color in them.

Some fancy color diamonds are very rare (i.e. black diamonds, blue diamonds). To make up for the lack of supply, many gem laboratories subject a low-grade colorless diamond to heat and pressure treatment to enhance the color of a diamond or to change its color into a fancy color. Lab treated diamonds are of course cheaper than naturally colored diamonds.

Carat

Carat refers to the weight of a diamond. The higher the carat weight, the more expensive the diamond. This is because larger diamonds yield more waste when cut from the rough stone compared to smaller diamonds. Diamond size is measured in mm and weight is measured in carats (1 carat is roughly 0.02 grams). Many people prioritize carat weight over cut quality but to get a truly beautiful stone, it is important to look for a balance of carat size and cut quality.  While a diamond’s value greatly increases the bigger it is, large diamonds that are lower in the color and clarity grade are generally priced lower than smaller diamonds that are well cut, colorless, and flawless.

There are many other technical factors that affect the value of a diamond but the aforementioned factors are the most important. The 4Cs of valuing a diamond are universally used as these parameters make it easier for gemologists, jewelers, and consumers to find out how valuable a diamond is.

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What is a Princess Cut Diamond?

Posted on May 15,2014

The princess cut or square modified brilliant is the second most popular diamond shape used on engagement rings next to the traditional round brilliant cut. Princess cut diamonds are traditionally square with sharp corners but some appear to be more rectangular than square. When viewed from the side, its shape looks like an inverted pyramid. Unlike the round brilliant cut which has been around for more than 100 years, the princess cut is a relatively new shape, only having been invented in the 1960s.

Facets

Princess cut diamonds and round brilliant diamonds generally have the same degree of brilliance, although they have different faceting styles. A round brilliant diamond has 58 facets whereas a princess cut diamond has 76 facets, which highly contributes to its fire and brilliance.

Shape

As previously mentioned, most princess cut diamonds are square from the surface but others are more rectangular. This will depend on the buyer’s preference. To determine how square or rectangular a princess cut diamond is, you should look at the length to width ratio of the diamond (i.e. length/width= length to width ratio). Square princess cut diamonds are within the 1 to 1.05 ratio so if you want a square diamond, you should check if the length to width ratio falls within this range. Those with length to width rations higher than 1.10 are more rectangular.

Square princess cuts are more expensive than rectangular ones but some people may prefer a more rectangular princess cut depending on the setting. When set with side stones, rectangular princess cut diamonds can look squarer than it actually is.

Princess Cut DiamondsColor

When it comes to color, valuing a princess cut diamond is the same as any other colorless diamond; with the D to F range being excellent and more expensive and warmer colors from G to Z being cheaper. It is worth noting, however, that color may be more visible on the edges of a princess cut diamond than it is on a round brilliant diamond so a J-color diamond may appear more yellow on the sides compared to a J-color round brilliant diamond. While some people prefer warmer colors for princess cut diamonds (i.e. around the G to H range). The smaller the diamond, the less visible the color is, which is why G-color princess cut diamonds that are less than .50 carats are still rated excellent.

Clarity

Princess cut diamonds can conceal inclusions better than round brilliant diamonds because of their brilliance. Some customers don’t mind not having such an excellent clarity grading as long as the inclusions are not very visible, although others are more particular about the clarity of their diamonds in a technical sense.

Setting

It is highly recommended that princess cut diamonds be set with prongs on each corner because the corners are susceptible to chipping and should be protected. The corners of princess cut diamonds may also have extra inclusions and facets, which would not look very good if not concealed.

Princess cut diamonds are highly preferred by consumers because its fire and brilliance is almost at par with that of round brilliant diamonds. Its unique shape and bigger appearance also adds to its appeal. Of all the diamond cuts, the princess cut wastes the least of the original rough stone that it is cut from. As a result, it is cheaper in price compared to round brilliant diamonds and other cuts.

Princess Cut Diamond Setting

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How to Sell a Diamond Ring for the Most Money

Posted on Apr 25,2014

Selling old jewelry is a good way to make some extra money. Whether it’s to pay the bills or fund a vacation, if you have old jewelry tucked in your jewelry box that you don’t use anymore, you can turn them into cash instantly. If you’re selling a valuable item like a diamond ring, you’d of course want to earn as much as you can when you sell the item. Wondering how you can sell your diamond ring for the most money? Read on.

Get Several Appraisals

You can easily get an appraisal from a pawnbroker or an online diamond buyer without committing to a transaction. This is the cheapest way to find out how much your diamond is worth. Of course, it would be ideal if you have a jeweler’s certificate or a GIA certificate but not all diamonds come with such documents. You can also get a formal assessment of your diamond by a gemologist but this service will cost you money so unless you have a very valuable stone and you’re willing to pay for the extra cost of appraisal, the best option would be to go to several pawnshops and get a general idea of how much your diamond ring is worth.

Know Your Options

There are several options for individuals who want to sell their old jewelry. The pawnshop is the most common option, as it is the most accessible but not necessarily the most profitable. In fact, pawnshops don’t pay as much for diamond rings compared to other buyers.

Another option would be to look for an individual buyer yourself but this is not only time consuming but difficult to do, as most people might not like the idea of buying second hand jewelry directly from the owner.

Online diamond buyers are a good option if you factor in convenience and prices. If you sell to an online diamond buyer, the selling process is done conveniently online and most of them even cover shipping fees. Some online diamond buyers also offer multiple payment options so you can choose which one is the most convenient for you and if you need the cash immediately, some offer quick payment options. They also offer much better prices because they have their own appraisal experts and can value your diamond properly.

Consider Several Buyers

We’ve already established that selling to an online diamond buyer is the best option available for individual sellers but this doesn’t mean that you should sell to the first one you find. Make sure to consider several online diamond buyers. Ask for quotes from each one so you have a general idea of how much you can earn for your diamond ring.

Online diamond buyers generally offer better prices than pawnshops and other buyers but you should still set realistic expectations about pricing. When asking for instant quotes, be wary of buyers that offer very high prices for your diamond without seeing it first. Since it can be difficult to value a diamond without a proper appraisal, you might end up disappointed with the final purchase offer once you do send in your diamond for the final valuation. So make sure not to rely too much on instant quote values, base your decision instead on the final purchase offer.

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How Much Can I Sell My Diamond Ring for?

Posted on Apr 10,2014

Price is undoubtedly the most important factor for anyone who is in the process of selling a diamond. While diamonds are very valuable, there are many factors that affect their worth. Not all diamonds are equal; rarity and flawlessness are two of the most important factors that affect their price value. Below are some of the most important factors that determine a diamond’s monetary value:

The 4Cs

Anyone who’s every bought or sold a diamond knows about the 4cs (cut, color, clarity, and carat). These 4cs are the industry standard for grading diamonds and are used by jewelers and diamond buyers for determining how valuable a diamond is. Knowing these specifications will help you determine how much you can sell your diamond for.

Generally speaking, smaller diamonds are worth much less than bigger ones. For instance, you might be able to sell a diamond that weighs more than a carat much closer to its original retail value compared to a diamond that weighs less than 0.5 carats. This is because the price of diamonds can jump up the bigger they are but this does not mean that weight is the only factor that determines the price. Flawless diamonds are, of course, a lot more expensive and in demand; the more visible the inclusions in a diamond, the lesser its price value.

If you know your diamond’s exact specifications based on a GIA report or even a jeweler’s appraisal, you can easily determine its potential resale value. Although, GIA reports are much more accurate, you can still get an idea of your diamond’s worth based on a regular appraisal report.

Market Value or “Rap” Value

Most diamond buyers base a diamond’s price on Rapaport reports, as these reports set the price for diamonds. The pricing is also based on the 4cs and market prices. Since these reports are published weekly, if you want to get an accurate price for your diamond, checking out the most recent “Rap” value for your diamond is a must.

You can also check out diamond market prices online so you’ll know the best time to sell to get the highest price.

Buyer’s Price

Purchase offers for diamonds vary from buyer to buyer. If you sell to an individual, you might be able to get a better price if you know how to market your diamond properly but it can be difficult to find interested individuals for second hand diamond jewelry.

While they are the most accessible, pawnshops generally offer much lower prices than other buyers. Expect to get less than 40% of a diamond’s “Rap” value when selling to a pawnshop. You might be able to earn more for bigger stones but not by much.

Diamond buyers in general, offer about 50% to 70% of a diamond’s “Rap” value.  Most buyers also offer much more for diamond rings from big-name jewelers like Cartier and the like.

Online diamond buyers generally offer higher prices for diamond rings and other diamond jewelry because they have the expertise to value a diamond properly and they don’t have to maintain brick and mortar establishments like jewelers and pawnshops.

Posted in  Sell Diamond Rings, Valuing Diamonds |   Tagged 

 

How to Sell Engagement Rings for the Most Money

Posted on Apr 01,2014

Diamond Engagement RingWhether you’re selling your engagement ring because your divorce has just been finalized or you’re selling out of necessity, you’ll naturally want to get the most money out of it. If you’re not sure how to go about the process of selling your engagement ring, the following tips might help you:

Know Where to Sell

While there are certainly many venues where you can sell your ring, not all of them offer the most money.

Pawnshops, for instance, might be the go-to for most people when selling old jewelry but they don’t always offer the best prices especially for high-value jewelry like diamond engagement rings. Unless, your engagement ring is from a famous designer brand like Cartier, you can only expect to get as much as 50% of the retail value of your ring from a pawnshop.

The best option for people who are looking to make the most money out of selling their engagement rings is through online diamond buyers. Online diamond buyers offer the best prices because a lot of them have access to diamond capitals and they have in-house gemologists who have the expertise to value your diamond properly.

Most of these online diamond buyers also don’t have to maintain brick and mortar stores so they are able to lower their overhead costs and offer more for the diamonds that they buy from individual sellers.

To compare different online diamond buyers, read our reviews now.

Provide a Certificate or a Recent Appraisal

Diamonds with GIA reports are generally valued higher because it is the industry standard for diamond grading. If you have a GIA report or a certificate (e.g. AGS, IGI, EGL) that provides the specifications of your diamonds, it’ll be easier for you to get a price closer to the retail value of your diamond. If you’re not sure about your diamond’s value, it’s best to have it appraised.

For high-value diamonds, have it appraised by a professional so you have an idea of what your diamond is worth before approaching different buyers. If you rely on the buyer for appraisal without determining exactly what you own, you won’t be able to guarantee whether the appraisal is fair or accurate. To protect your interests and your property, it’s best to know exactly what your diamond is worth.

Ask for Quotes from Different Buyers

Whether buying or selling something, it’s always a good idea to have several options. Compile a list of reputable online diamond buyers so you can ask for an instant quote or appraisal from those that offer this service. While the accuracy of the quote will depend on the information you provide about your diamond, getting instant quotes is still a good idea especially if you’ve had your diamond recently appraised or if you have a certificate. However, you should be wary of those that offer very high quotes, as there is no guarantee that the purchase offer will be the same since it will all depend on the final valuation based on their own appraisal of the ring.

Send Your Ring for Valuation

Send your ring to the online diamond buyer of your choice so it can undergo professional valuation and they can offer you a more accurate purchase offer. If you find the purchase offer too low, you can always ask for your ring back as most online diamond buyers offer to return the ring to you for free if you deny their purchase offer.

If you are satisfied with the purchase offer, you will get paid as soon as you accept the final price.

Make sure to check if the company covers shipping and insurance before you send in your ring. Most reputable online diamond buyers offer free shipping with insurance coverage so you don’t have to spend on shipping your diamond back and forth.

While selling your engagement ring online is definitely the most promising option when it comes to making the most money, you should still set realistic expectations. The purchase offer will not only depend on the quality of your diamond but also its current condition, as well as market prices so set your expectations accordingly.

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Where to Sell Diamond Engagement Rings Online

Posted on Mar 26,2014

Before the advent of the Internet, the only way to sell old jewelry like diamond engagement rings was through pawnshops, jewelry stores, or through individual buyers. The Internet has provided the most convenient option for jewelry sellers: not only is it fast and efficient but it also allows sellers access to fair prices for precious jewelry like diamond engagement rings—something that is almost impossible when selling to pawnshops.

The advantages of selling diamond engagement rings online are numerous. Aside from having access to reputable buyers that offer higher prices, selling online also allows sellers to uphold a certain level of privacy, as they won’t have to see the buyer face to face in most cases.

There are several venues where you can sell your engagement rings online. Below are some of these venues:

  • Online Marketplaces

Online marketplaces like eBay give sellers access to different markets from all over the world. If you sell through eBay, you can find a lot of interested buyers for your old diamond engagement ring. However, online marketplaces are only a good option if you have an appraisal or a certificate that states the specifications of your diamond engagement ring. It’s difficult to sell your diamond engagement ring for a decent price without a certificate because majority of interested buyers on sites like eBay are individuals so they likely won’t go through the trouble of getting a professional appraisal unless the diamond engagement ring is of very high value.

  • Advertise on Online Classifieds

Online classifieds sites are a dime a dozen. If you want to expand your options for selling your diamond engagement ring online, it might be a good idea to advertise on online classifieds sites. The difficulty is in getting serious offers and again, getting a decent price for your ring. There’s also the issue of who will pay for insurance and shipping and there’s no payment protection guarantee but posting in online classifieds is a good backup option.

  • Online Diamond Buyers

And then there are online diamond buyers—which is probably your best option if you plan to sell your diamond engagement ring online. The advantage of selling to reputable online diamond buyers is that they offer prices based on professional valuation of the merchandise so you can be assured of getting a fair price for your diamond engagement ring. Most online diamond buyers also cover shipping costs with insurance so you don’t have to worry about having to take the costs of shipping out of your own pocket.

Online diamond buyers also offer to ship the goods back to you free of charge if you don’t approve their final price offer. Plus, you can get instant quotes online and track your packages. Most of them also offer instant and convenient payments.

If you’re looking for the most convenient and most profitable way to sell your diamond engagement ring online, online diamond buyers are definitely your best option.

Our highest rated online diamond buyers are Diamond Buyers International and Sell-Diamonds.com.

Posted in  Online Diamond Selling Tips, Sell Diamond Rings, Sell Engagement Ring |   Tagged 

 

How to Sell a Diamond Engagement Ring

Posted on Mar 14,2014

Diamond engagement rings are perhaps the most common type of diamond jewelry sold for cash. Whether you just went through a divorce or you’re strapped for cash and you find yourself having to sell one of your most valuable pieces of jewelry, selling an engagement ring is a big step so it’s only right to want to get the most money for it.

If you’ve already decided that it’s time to sell your engagement ring, taking the following steps can help ensure that you get the most money for your jewelry:

Know the Value of Your Ring

If you don’t have a valuation certificate of your diamond and you’re not sure what it’s worth, you can have it appraised by a qualified appraiser. However, if you don’t think that the value of your diamond is worth spending money on a professional appraiser, you can always go to a pawnshop or a jewelry store to have it appraised.

All jewelers and appraisers use the 4 Cs of a diamond to find out its value (Cut, Carat, Clarity, and Color). While gemologists also consider other factors, these four are the most important.

If you want to be able to get an instant quotation from an online diamond buyer before sending them the actual ring, you need to be able to provide its specifications. You should also consider the setting. If it’s set in gold, then find out the weight of gold in karats.

Knowing the specifications will make it easier for you to determine whether you’re getting a fair price for its value.

Find Buyers

There are many venues where you can sell your diamond engagement ring; there are pawnshops, jewelers that buy used jewelry, and of course, there are online diamond buyers.

If you’re looking for the best price for your diamond engagement ring, your best bet is to sell to a reputable online diamond buyer. They offer competitive prices, preliminary and final valuations, quick service and payment, and a lot of them guarantee to ship back the ring for free should you decide that the final price offer is not enough.

When looking for buyers online, make sure that they are rated and accredited by the BBB and check out online reviews. You should also make sure that their shipping service offers insurance and that the maximum coverage covers the value of your ring.

It would be a good move to ask for quotes from different buyers so you have a clear idea of the price offers but make sure to set realistic expectations.

Know when it is the right time to sell.

Look at the market prices for diamonds and gold. While the value of your diamond engagement ring will still be highly dependent on its characteristics (4cs), when there is a high demand for diamonds in the world market and prices are high, it’s easier to get a better price for your ring even if it is used. High demands usually result to jewelers purchasing diamond jewelry from individual sellers rather than from wholesalers. It would be wise to monitor market prices especially if you’re in no particular rush to sell.

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