Archive for December, 2008

Diamond Grading Reports

Saturday, December 27th, 2008

When you buy diamonds, never forget to get the diamond grading report that accompanies your expensive diamond. If you are not a jeweler, the contents of the report is incomprehensible.

The report includes a color grading scale using the following letters of the alphabet and the corresponding descriptions:

  • Letters D, E, and F – means colorless.
  • Letters G, H, and I – means very little color.
  • Letters  J, K, and L – means slight yellow color.
  • Letters P, Q, R, S, T, U, V, W, and X-means darker shade of yellow.
  • Letter Z-  means fancy color – other than white or yellow.

Among the color grading scale, the expensive type is grade D while the least expensive is graded as X  but diamonds which get a Z rating are considered the rarest and most expensive diamonds in the world.

Other aspects included in the diamond grading report can be confusing. You should talk to a jeweler you trust, and have them explain everything on the diamond grading report to you.

Diamond Certificates

Monday, December 22nd, 2008

Another name for diamond certificate is Diamond Grading Report. Issued by the Gemological Institute of America (GIA), this report is given when you purchase a diamond. The color, cut, carat, weight, and clarity of the diamond can be verified through a diamond certificate.

The diamond certificate has advantages on your part. If you have one when you purchased your diamond, you’ll have better chances of a better price later on when you sell your diamonds. It will be your basis when a buyer would like to know the real quality of the diamond they want to purchase from you. Diamond cutting industries also use this certificate as their guide. In short, the certificate will help you to get your money’s worth and to avoid overpaying for it. If you will resell it, then you won’t be undercharging your buyer.

After buying a diamond, the copy of the certificate must be given to your insurance company for your diamond insurance. An additional cost will be charged for a diamond certificate, but it’s minimal compared to the benefits it can do to you. Only GIA has the authority to issue diamond certificates.  Always expect to pay extra cost when buying an expensive diamond.

Is Your Diamond Real?

Thursday, December 4th, 2008

How do you know if a diamond is real or not . Simply looking at it if you’re not an expert or using some technology won’t really help you determine if the diamond is real or fake. Factual information about a diamond is imperative. Here are some steps to follow to make sure you get your money’s worth for the expensive diamond you will buy.

  • Always deal with reputable or certified jewelers or diamond merchants. Even when the price offered to you seems reasonable, never buy diamonds or other jewelries from jewelers that you don’t know or never dealt with before. When purchasing a diamond, ask for the certificate for the stone.
  • Always inspect the quality of the stone. There are some fake diamonds, for example, the zirconians which are usually in low quality and not durable.
  • Bring the diamond to another jeweler for appraisal after purchasing it, maybe even take it to two or three other jewelers. This will tell you if they have common appraisals of your diamond. To reiterate, it is very important that you have the certificate of purchase to insure you that if you discover the diamond you purchased to be fake then you will avoid being accused of switching it if you return it to the jeweler. Remember, no stones look alike.