Generally used for insurance purposes, diamond appraisals are incredibly useful in estimating the value of a particular stone, whether loose, mounted or used in jewelry. While the value of a diamond can change considerably over time, the estimate is used as a general guideline to determine the replacement value if it were to be stolen.
When purchasing a diamond appraisal, it’s important to avoid in-house appraisals because the value is often overestimated, making the estimate essentially worthless in determining the replacement value of your stone. When choosing a diamond appraiser it’s important that the company be legitimate, unbiased and independent from any jewelry store or wholesaler. For potential diamond buyers who would like to insure their diamond, a diamond appraisal certificate is absolutely essential.
