If your piece was purchased on sale or as part of a set, the receipt won’t be an accurate representation of the true value. You should pay by the hour or a flat fee.If the appraiser wants to charge a percentage of the value of the diamond, it may be best to walk away as there may be a temptation for the value to be artificially driven up.$50 to $150 depending on the level of experience of the appraiser and the complexity of the piece of jewelry.Since the explosion of online jewelry sites, there are now more online diamond appraisal calculators than ever.With these, you usually select your diamond shape and the carat weight of your diamond, and provide details on the color and clarity and then hit GO for an instant estimate of value.These can be a fun way to arrive at a very rough idea of the value of your diamond. Again, this can have a significant effect on the diamond’s valuation.If possible, it’s a good idea to have a diamond appraised in its loose state, rather than set into jewelry.When an appraiser studies your diamonds, they will consider several aspects. Wow! But you may be left wondering whether you could have got a better deal elsewhere…Now imagine that you buy your engagement ring and receive an appraisal showing its value is $2,500 higher than you paid. )So, the cost of a diamond appraisal is one that you’ll have to meet if you want to get your jewelry insured properly.Fortunately, it doesn’t cost the earth. This document will contain all the information necessary about the quality and value of your jewelry for insurance purposes from a trusted and reliable source. This will ensure that your documentation is up to date for both insurance and tax purposes.If you lose your diamonds or they are stolen, recent appraisals should assist you in receiving your compensation from your insurance company.Looking to understand whether you really need a diamond or engagement ring appraisal?After all, you already have a receipt showing how much you paid and the diamond’s certificate, right?– The three different types of appraisal, and which one you actually need– Why your appraisal value may be different from what you paid and what to do about itDiamond appraisals, like many things relating to diamonds, can be trickier than they first appear.Whether you’re buying a diamond ring or selling it, it’s likely that the person on the other side of the transaction knows more about diamonds than you do.If you’re not careful, this difference in knowledge can mean you come off second best. Alternatively use it as a simple call to action with a link to a product or a page.By clicking enter you are verifying that you are old enough to consume alcohol.

A jewelry appraisal is a document that describes its physical features, assesses its quality and assigns a value to it:Diamond appraisals are performed by experts who not only have a solid understanding of diamonds themselves, but also their value.It’s a specialized skill and while ideally they are a gemologist with a qualification from GIA, or similar independent body, this is not essential.The appraiser will determine the 4 Cs of your diamond, examine the ring setting and the materials used and compare it to other similar pieces. Appraisers that charge significantly less than others often seem … it’s better to find an independent appraiser.Typically a diamond appraisal will run much higher than the price you will receive if you sell the item.

A fuller understanding of the industry as a whole ensures a more accurate appraisal.Don’t be afraid to ask for references or read reviews. Mistakes or oversights when you buy can be very costly. Calculate The High Wholesale Value Before You Buy Or Sell A Diamond.

The certificate services provided by IGI and GIA are good examples.Beware of diamond certificates issued directly by jewelers or diamond salespeople as, most times, they will not independently and professionally assess the diamonds.Instead, the certificate will come from the retailer’s own agents and therefore the grading conclusions cannot be trusted.Note that buying a diamond that has an appraisal but no certificate could be asking for trouble. Cost of Diamond Ring Appraisal .