Tuesday, September 14, 2010

WHY CERTIFICATION OF LOOSE DIAMOND MATTERS?

Diamonds are priceless and are valued much for their worth and excellence Loose diamonds are available in a variety of shapes. Whichever shaped diamond you buy it is very significant that the diamond be certified by an independent gemological laboratory like the International Gemological Institute (IGI), Gemological Institute of America (GIA); the American Gem Society (AGS); the European Gemological Laboratories (EGL) and GemEx Systems. Respected grading labs to not sell diamonds since that would be a conflict of interest.

While buying diamonds, certification is a prerequisite and the name of the laboratory that examined your precious stone is extremely important. Although these stones look the same on the surface they may not be of the same quality. The certification is a written proof of the quality and attributes of the diamond. Without certification, there is no assurance that the diamond you are buying is of the quality you’re paying for.

From the prospect of investment also the diamond certification is very important. Your diamond will be easier to sell if it is properly certified. Uncertified diamonds can be certified by sending them to an independent gemological laboratory for examination. In case you loose your “diamond report” you can always get a copy of your certification from the gemological laboratory where you had it examined. It is the pedigree that goes with the diamond and becomes a valuable document in case of loss because it will ensure that your insurance company will replace your stone with another certified stone of same quality. Certificates are not appraisals since they do not contain any information regarding the value or price of a diamond.

One of the important advantages of getting your diamond certified is that you will know the precise grading of yours stone’s precious 4Cs i.e. carat, weight, cut, color and clarity. Your diamond certification also arms you with the information you need to assess your precious stone’s fair market value. Another thing your certificate empowers you to do is to make an intelligent comparison with other diamonds – in the same jewelry store or in another. Thus it is always in the favor of the buyer to get their diamonds certified.

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