Do You Need a Diamond Certificate to Sell Diamonds?
by Bradley Ballen | October 2nd, 2012
Courtesy of Boykung at FreeDigitalPhotos.Net
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.
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.