When purchasing a new diamond, you want to make sure that you are getting a good deal on the diamond and that the diamond has the exact qualities that you are looking for. While shopping, you need to take a look at a diamond appraisal and a diamond grading report or certification. These may seem like similar documents, but there are some key differences between both of these.
A diamond appraisal and a diamond grading report are two different reports.
The appraisal is going to take a look at how much the diamond is worth at that time, based on current market conditions.
The diamond grading report will focus more on the qualities of the diamond to make sure all the characteristics are what you expect.
Understanding the value of the diamond and what qualities are found in it before purchasing or selling can be important. Let’s take a closer look at what is in the diamond appraisal and what is in a diamond grading report to help you understand the value of both.
What is a Diamond Appraisal?
While it may seem like a diamond appraisal and a diamond grading report may seem like they are the same thing, there are some key differences between the two. It is important to not get confused by what they are and which one you need if looking at the quality of a diamond or if you would like to sell one.
First, we can take a look at the appraisal. The appraisal is going to be an estimate of the monetary worth of the diamond. This report is going to provide a value on the diamond based on the current conditions of the market as well as the quality of the diamond.
If you are looking to purchase a diamond, you can use the appraisal to make sure that you are getting a good deal on the diamond based on its quality. This can help prevent you from spending too much on the diamond when you purchase.
What is a Diamond Grading Report?
You will find that a diamond grading report, or certificate, is going to be a little bit different. This is like the official blueprint of the diamond. Its goal is to tell you the specific measurements and the shape of the diamond. It can also point out some of the individual characteristics of the stone so you know more about it and can make sure it is the quality that you would like.
This report is not going to worry about the price of the stone, though it can sometimes be used in the appraisal to make sure that everything matches up and to give a more accurate monetary amount.
Instead, the diamond grading report is going to focus on the clarity, carat weight, cut, color, proportions, and finish of the diamond.
It can also be used to identify any of the known treatments on the ring.
What are the Differences Between the Appraisal and the Grading Report?
The diamond appraisal is going to focus more on the monetary value of the diamond and how much it is worth based on current market conditions. This amount can go up or down based on how the diamond market is doing at the time. This can help a customer know if they are paying too much for the diamond or getting a good deal and can help the owner sell with confidence if they would like.
The grading report will not worry about how much the diamond is worth. Instead, it focuses on the qualities of the diamond and can verify some of the information about that diamond. It helps the customer know the exact quality of the diamond, regardless of what the price will be, including the cut, clarity, and weight.
While the value of the diamond has the potential to appreciate or depreciate over time, the qualities of the diamond are not likely to change unless the owner does something to the ring. The grading report will make sure that the quality of the diamond is what the jeweler promises and the owner will be able to keep that all the time once it is done.
Picking the Right Diamond
Both the appraisal and the grading report can tell you a lot about the diamond that you would like to purchase. Having both of these present before purchasing a diamond, especially one that is promising to be high-quality and perhaps expensive can be important.
Find the right appraiser and grading certification to help make sure that you get the right diamond that you want to pay for.