Reasons Why Your Diamonds Should Be Appraised By An Expert. - Diamond Banc

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Reasons Why Your Diamonds Should Be Appraised By An Expert.

A diamond is one of the most sought-after jewelry stones in the world. While they are best known for being the centerpiece of engagement rings, diamonds are also used in many types of jewelry as well. Quality diamonds also continue to retain their value very well and can appreciate as the years go by. Anyone that invests in diamonds will find that diamond buyers in Miami FL will pay a premium as these stones continue to be in demand. As a diamond can be a valuable asset, it is always a good idea to know its true worth. One of the best ways that you can do this is by investing in a professional diamond appraisal. If you do want the value of your diamond, there is much that you should know about diamond appraisals.


If you are looking to understand the value of your diamond, ordering an appraisal is a great option to consider. There are two types of diamond appraisals overall that you should consider, insurance and estate appraisals. It is important that you understand the reasons why you would order either type of these appraisals.


The first type of appraisal of a diamond is an insurance appraisal. As a diamond ring or other piece of jewelry is a very valuable asset, ensure that it is properly covered and protected. A great way to do this is by getting an insurance policy for it. Typically, a diamond ring insurance plan will be provided as a rider to an existing home or renter’s insurance plan. If you have an insurance plan for your diamond, it will provide you with coverage if your diamond is stolen, damaged, or even lost. This will ensure you have the financial resources to replace it.

Before receiving a diamond insurance plan, your insurance provider will want to know the value of the ring or other piece of jewelry. The best way that they can get this value is by requiring a diamond appraisal. These appraisals will determine the fair replacement value and will then build a new plan with this information in mind.


Another type of appraisal is an estate appraisal. There are various situations in which the value of someone’s assets will need to be known. These can include if you are going through a divorce, are trying to build a personal estate for personal financial planning purposes, or for various other purposes. As a diamond can be a major asset, you will want to include it in your total personal valuation. An estate appraisal will conclude a value for the diamond. This information can then be used when you are creating a total estate valuation.



Having an appraisal done on your diamonds is very important and can be helpful for various reasons. When you are looking to have an appraisal done, finding the right appraiser is important and a big decision. There are various factors that should be considered when you are looking for an appraiser.


One important factor to consider when you are looking for a new appraiser for your diamond is the background and certification of the appraiser. Similar to when you are hiring for any other service, you will want to know that your appraiser has the necessary experience and certification. Ideally, your appraiser should have gone through a proper appraisal-training program with a focus on gemology. This will give them the ability to determine the true value of your diamond.

You should also spend time speaking with the appraiser to get a sense of their experience. Hiring one that has experience evaluating diamonds such as yours can help ensure they determine the current value.


The diamond and jewelry appraisal industries are surprisingly broad, and many appraisers may focus on just a few different types of appraisals. Due to this, you should ensure that the appraiser you hire can offer the appraisal service that you need. This should include ensuring that they offer either insurance or estate appraisals, depending on the type of appraisal that you need for your situation. This is very important as if you get the wrong type of appraisal, it may not be usable for your purposes.


Similar to when you are going to receive any type of service, perform research online to ensure that you are hiring an appraiser that people have had a good experience with in the past. When you are looking for an appraiser, you should get a sense of their reputation in terms of completing an appraisal on-time, overall professionalism, quality of the final report, and ability to stay compliant with any requirements. If clients have had a good experience in the past, it can be an indication that you will as well going forward. If you notice that the appraiser has a reputation for having poor ethics and work product, it can be a red flag that you should avoid.


If you need to have an appraisal done on your diamond, you likely need to receive the final results quickly. For insurance appraisals, you may be anxious to quickly receive coverage. Having an Estate Appraisal can help move that process along. As appraisers can have a heavy backlog, you should ensure that you get a full understanding of when you can get the report in. You should also make sure that you receive a quote for their services, which ensures you will not be hit with a surprise bill at the end.



Once you have found an appraiser that is right for your situation, it is important to understand what you will receive in the final report. There are various important pieces of information that will be included in the final appraisal report.


One of the most important parts of a diamond jewelry report is the defining characteristics, which are typically called the 4 Cs. These characteristics are as follows:

  • Cut – This term refers to the method of which the diamond was finished. There are hundreds of different diamond shapes. The most popular are the round cut, princess, Asscher, emerald, marquise, oval, radiant, for starters.

  • Color – This means if the diamond is white (colorless), pink, blue, green, yellow. These colors are different based on where the diamond comes from, formed, and which trace elements had interacted with the carbon atoms during the diamond’s creation. The colorless diamond is the industry standard which most diamonds are graded against.

  • Clarity – This refers to the purity and rarity of a stone. Is the diamond cloudy, are there any imperfections, can imperfections be seen to the naked eye or only under magnification? A flawless diamond is what most people seek when they purchase a diamond.

  • Carat – The most critical is the physical weight. The larger the diamond, the more valuable it is. Each carat weighs about .2 grams. A diamond is cut based on weight and desired shape, which makes for the carat weight listed when the diamond is sold. The higher the carat weight, the more valuable it is.


If you have a diamond, it is likely placed in a ring as well. The metal that it sits within will also influence the total value of the jewelry. Some of the most expensive and valuable rings will even have smaller diamonds placed all over the band, which adds to the sparkle and value of the ring.


When you have a final diamond jewelry appraisal, it should also include pictures of the diamond and the final piece. The pictures will likely be very detailed so it can clearly support the findings of the appraisal, particularly when it comes to validating the 4 Cs.


Ultimately, when someone receives an appraisal for a diamond, they will want to know the final concluded value. The final appraisal will include a complete indication of the value that will take all factors into consideration, including the 4Cs, the value of the band, the condition and age of the ring, and other important items. It should also include references to supporting schedules that can support the final value.

 There are clearly many reasons why you should get an appraisal for your diamonds. When you are in need of one, you can receive a jewelry appraisal from the experts at Diamond Banc. These professionals offer expert services that can help to evaluate the value of your diamonds. One of their most popular options continues to be the estate diamond appraisals, which is helpful if you need to come up with a full estimate for your estate’s value.

Diamond Banc is the nation’s top-rated jewelry buyer & lender. Visit one of our nationwide locations, or work with us from the comfort of your home.

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