How We Conduct Diamonds Appraisal
Learn the process of evaluating diamonds to become an informed seller or borrower!
There are many reasons why you may choose to sell or pawn your diamond at iPawn – whether you are experiencing financial hardship or you no longer have any use for the item. Whatever the reason may be, you can rest assured that your diamond will be evaluated using the highest industry standards. The professional certifiers at iPawn estimate the value of your diamond using several different factors. As an iPawn customer, you may want to familiarize yourself with the components involved in a professional evaluation of your diamond. This will help you to understand the estimation that is given to you.
The Four C's Used to Evaluate Diamonds
Every diamond is evaluated according to its clarity, cut, color and carat weight.
Most customers are familiar with carat weight as it refers to the weight and therefore the size of the diamond. Larger diamonds have a greater carat weight and this increases their value.
The color of the diamond will also affect its value. Contrary to popular belief, most diamonds are not completely colorless but they have some hint of yellow or brown. Diamonds that are classified as completely colorless are rare and will be appraised at a higher value.
This grading does not apply to colored diamonds – these types of diamonds are evaluated using a different grading scale.
Clarity is another factor that is used to determine the value of your diamond. Essentially, clarity indicates the lack of blemishes or flaws present in the diamond. The value of the diamond is greater when there are fewer flaws in the diamond.
The final of the 4 C’s used to evaluate diamonds is cut. The cut of the diamond is the shape it has been made into by a professional jeweler. Most modern diamonds have near perfect cuts and their value is greater than antique diamonds whose cuts are not as proportional.
Other Factors Used to Evaluate Diamonds?
Supply and demand as well as the market price of used diamonds affects the value of the diamond you want to sell or pawn. Take note that these factors can fluctuate due to economic and market movements. In many cases, the retail value you paid when you purchased a new diamond is 3 times greater than the manufacturing price - even for wholesale diamonds. Therefore, the appraisal value of your diamond will be lower than the price you purchased it for.
The value of your diamond will also be greater if you have valid certification from a 3rd party gemological laboratory like the Gemological Institute of America (GIA) which verifies the diamond’s origin and quality. Before you sell your diamond, you should consider the sentimental value you place on the diamond. If your diamond means a great deal to you then you may choose to pawn the diamond rather than selling it.
Worthy.com, the Premier Luxury Marketplace
If you wish to auction your precious metal items and get the highest market price, Worthy.com is the place to go for competitive bids from buyers world-wide. Simply describe your item on the website and then ship it to the Worthy facilities free and fully insured. From there your item will be professionally cleaned, evaluated, and photographed in preparation for auction. Then hundreds of buyers from around the world will be invited to place competing bids for your valuable item.