Why You Need A Jewelry Appraisal
8/24/2009 4:09:20 AM David Berkovits
Buying a diamond is no tiny purchase – even if the stone sometimes is. Unfortunately, an often overlooked aspect of purchasing a diamond is making certain you get the jewel appraised. A jewelry appraisal will provide two key features: a detailed description of the jewel and an estimate of its replacement cost.
A thorough appraisal will properly describe the diamond by providing the following information:
The type of metal: This can be gold, silver, platinum, etc.
The type and specs of all gemstones: Shape, cut, clarity, carat weight, color and overall proportions should be included. So, if the jewel is a 2 carat silver princess cut of diamond VS1 clarity, it should be described as such in precise detail.
An overall description: The description should specify the style, type of setting, and all other information that can be used to imagine the stone.
A Picture: This should be a good, clear picture that accurately reflects how the diamond looks.
A proper appraisal should sufficiently describe the piece of jewelry so it can be recreated, if need be.
The replacement cost is an obvious but extremely valuable piece of information. In essence, you want to know approximately how much it would cost to replace the piece with as similar a piece as possible.
By now it is probably quite clear to you why you should obtain an appraisal. That’s right – the main reason is to insure the piece. Basically, the appraisal explains the value and type of the stone being ensured and provides a proof of ownership. In case the jewel is stolen, you will be able to collect what is owed to you.
There are several ways to obtain an appraisal, the primary being at the place of purchase. However, since you want the best possible appraisal, sometimes it is worth going to an independent appraiser.
Related Articles:De Beers Relieves Botswana of Diamond WealthWednesday, Mar 10 2010 10:43AM Diamond news agency,
Suzanne Gannon
 |
De Beers Relieves Botswana of Diamond Wealth De Beers the world’s largest diamond conglomerate partnered with the government of Botswana in 1969 to form Debswana Diamond Company Ltd After 40 years it seems that the working relationship is on the verge of collapse after a confidential Slaughter and May report was leaked showing that De Beers has made tens of millions without sharing their profits Botswana a country rich in diamonds lacked the knowledge and equipment to mine their natural resources De Beers which was already the primary diamond mining company in Africa stepped in and made a deal that ended up blowing up in the collective faces of the Botswanans
|
Oscars Bring Out Diamonds, As UsualMonday, Mar 8 2010 10:05AM Diamond news agency,
SG
 |
Oscars Bring Out Diamonds As Usual The 2010 Academy Awards brought out the stars and the best (or worst) of fashion As usual Oscars jewelry was prominently on display whether deliberately small and subtle or large and opulent Each year as celebrities crowd the red carpet they are asked “who are you wearing” This year not only was it the tuxedos and gowns getting attention but the amazing array of diamond jewelry
Kate Winslet had perhaps the most distinctive jewelry at the famed awards show To complement her silver Yves St Laurent gown she chose a Tiffany necklace made with emerald-cut white and yellow diamonds with matching earrings and cuff Their total estimated value is over $25 million
|
Mugabe Plans to Sell Diamond With or Without KP ApprovalWednesday, Mar 3 2010 7:14AM Diamond news agency,
Suzanne Gannon
 |
Mugabe Plans to Sell Diamond With or Without KP Approval Harare Zimbabwe – The battle continues between Robert Mugabe’s ZANU-PF-run government and Kimberley Process officials although it is decidedly one-sided For nearly two years the Kimberley Process has been “looking into” the conflict over the Marange diamond fields one of the richest active alluvial fields in the world After human rights groups stepped in and demanded that Zimbabwe be at the very least kicked out of the organization a KP team went there to see what was really going on They decided to give Zimbabwe six months to comply with all necessary standards When that deadline passed with no change the KP gave them another deadline All the while Robert Mugabe has stood fast in his conviction to use any means necessary to mine the diamonds cheaply and sell them at the cost of the lives of his own people
|
De Beers Sponsors Star-Studded Love BallMonday, Mar 1 2010 11:03AM Diamond news agency,
SBG
 |
De Beers Sponsors Star-Studded Love Ball This year’s Naked Heart Foundation which provides safe parks and playgrounds for children in Russia hosted their annual Love Ball last Saturday Running the event were Natalia Vodianova and Lucy Yeomans editor-in-chief of Harper’s Bazaar UK who gathered an impressive list of celebrities to help raise money for their cause Because the ball was sponsored by diamond giant De Beers diamonds were the featured attractions of the evening
|
When Did Diamonds Become The Only Choice for Engagement Rings?Monday, Feb 15 2010 10:01AM Diamond news agency,
S. Gannon
 |
When Did Diamonds Become The Only Choice for Engagement Rings People think of diamond rings as the ultimate symbol of love Countless companies compete to sell the only true engagement rings and they always include at least one diamond Diamond tennis bracelets diamond necklaces and diamond earrings are the gifts that make a woman ooh and ahh with joy and now men are embracing diamond watches diamond chains and even diamond rings of their own But how did this start Are diamonds so rare so amazing that the only way to commit to marriage is by giving and/or receiving one When did it become impossible to have an engagement without a diamond engagement ring When did diamonds become synonymous with romance
|