How We Conduct Gemstones Appraisal
The comprehensive guide for gemstone appraisals!
iPawn is an innovative online pawn shop that accepts a variety of precious gemstones. When you employ the services of iPawn, there is no need for you to leave your home to pawn or sell your gemstones. The process of pawning and selling is accomplished online and you will even be given a shipping label so your item can be picked up directly from your home or business. The professional appraisers at iPawn are qualified to evaluate a number of different gemstones including rubies, emeralds, tanzanite and sapphires – these gemstones can be loose or mounted. Appraisers will take a number of factors into account in order to determine the value of your gemstones. This guide will help you learn and understand the appraisal process for your gemstones.
The Basics of Gemstone Appraisal
ESimilar to diamonds, the value of gemstones is based on the 4 C’s – color, clarity, cut and carat. However, some of these parameters do not use the same grading scale as used for diamonds. Carat is simply the weight of the gemstone and it is measured using the same scale as diamonds. Generally the value of gemstones in the second-hand market is quite low so iPawn requires that your gemstone has a carat weight of 1 or higher. The cut of the gemstone also affects its appraisal value. The cut is used to characterize the gemstone’s reflective properties. A gemstone with a high quality cut will better reflect light and will have a higher appraisal price than poorly cut gemstones.
Gemstone-Specific Grading Factors
The color of gemstones is graded using the GIA scale which grades color by the gemstone’s saturation, hue and tone. These characteristics are given a value between 10 and 1 with 10 being the highest. A gemstone with a high rating on these factors will be appraised at a higher value than a gemstone with low ratings on these characteristics. The clarity of gemstones refers to the amount of trace elements or inclusions that are present in the gemstone. Gemstones that have fewer inclusions will be appraised at a higher value. Gemstones are divided into 3 different clarity types because some gemstones types will have more inclusions than others depending on their composition. Gemstones are only evaluated against other gemstones in the same category. In addition, each gemstone is given a clarity grade based on their specific category.
Other Important Appraisal Factors
If your gemstone was evaluated by an organization such as the GIA, this will expedite the process. GIA grading is used to verify the value of your gemstone and you should include this documentation when you send your gemstone to iPawn. As stated previously, the value of second-hand gemstones is always lower than new gemstones but their value will also depend on economic conditions as well as supply and demand.
One of the benefits of using the services at iPawn is that you can choose to either sell or pawn your gemstone. If your gemstone does not have any personal significance for you then you may wish to simply sell the gemstone. When you sell your gemstone to iPawn, you will not be required to pay back any interest or loan – you will simply receive a payment in exchange for your gemstone. However, if your gemstone means a great deal to you, you may pawn it instead. This enables you to get a loan in exchange for your gemstone and you will be able to get the gemstone back when you pay the loan and interest.