If you want to sell diamonds in Miami or anywhere else, having a diamond certificate in hand can help you get the highest price possible for your gems. A diamond certificate, also called a diamond quality report, is issued by a major gemological lab and is not the same as an appraisal. These certificates can be thought of as a fingerprint of your diamond, describing the diamond in very specific and technical details to verify its identity as well as its value. A report will not give you a cash value for your loose diamonds but it will help you when you’re ready to sell.
Here’s a look at the things you need to know about diamond certificates and why they’re important to get before you sell diamonds.
Diamond Certificates versus Appraisals
If you received an appaisal before you decided to sell loose diamonds or diamond jewelry, it’s very important to understand that appraisals don’t require any special training requirements and many appraisers include a fine-print disclaimer stating the report is only an opinion. An appraisal does not include the technical details of the diamond but instead an estimated or inflated value for the diamond, often for insurance purposes. Diamond certificates, on the other hand, give a potential diamond buyer all of the information they need to know to make you an offer on your gemstones.
Who Issues Diamond Reports?
There are many gemological labs that issue diamond certificates but they are not all equal. The value of your certificate depends on the reputation of the lab, as some are very lenient in their grading. The Gemological Institute of America (GIA) is definitely the gold standard. This non-profit organization is the most reputable gem lab in the world and may charge you anywhere from $100 to $200 for a diamond certificate. Their reports include all relevant information, including the diamond’s clarity, color, weight, measurements, cut, fluorescence and even a plot showing all internal and external inclusions (or flaws).
Why Should I Get a Diamond Report?
A diamond certificate does not guarantee you’ll get a higher price when you sell diamonds but it does help a great deal. Many diamond buyers — such as pawn shops — lack the knowledge and experience to properly evaluate a diamond’s worth. A certificate helps them see and verify the true value of your diamonds. There are even some buyers who refuse to accept diamonds without such a report. Basically, this certificate makes it easier for you to sell loose diamonds and get the true value.
Diamond reports are not necessary to sell diamonds but they do help a great deal. It’s not always worth the cost to send your diamond in for a report but it is usually recommended for larger stones set in jewelry or loose diamonds. If you don’t have a diamond report in hand, make sure you at least sell diamonds to a jewelry store that employs a GIA-certified gemologist who can examine your diamonds carefully to determine their value.