When you are trying to sell a diamond it’s important to be able to prove the authenticity of your item. It is reasonable to understand that a prospective buyer will want to know everything they can about your diamond before completing a purchase. Having a certificate such as a GIA Diamond Grading Report is one of the best ways to not only prove the authenticity of your diamond, but to also get the best price upon selling too.
In this article, we will identify what you should know about certificates of authenticity for your diamond, why you should consider obtaining one, and where you can get one. We will also touch on alternatives if you choose not to obtain a certificate prior to selling your diamond.
Selling a diamond can be an emotional and sometimes stressful process. For a better understanding of what the selling process is like see our previous articles “How Much Can I Sell My Diamond Ring For .” There you will get a better idea of what to expect when you are trying to sell a diamond either to a gold and jewellery buyer or on your own, online.
What Does the Certificate Tell Me?
If you have a piece of diamond jewellery that you know is authentic, yet do not have a certificate for, you might be wondering if you really need one? Though all diamonds are beautiful, not all diamonds are equal. A lot goes into the value of a diamond that the average person may not fully understand.
It makes sense that a higher quality diamond should sell for more money than a lower quality diamond. But how can a regular person tell the difference? The answer to this question is easiest answered by a diamond grading report such as the GIA Diamond Grading Report.
Most people are not able to tell the difference between the quality of a diamond on their own, so grading reports can be extremely helpful. But what does the grading report tell you? All GIA Diamond Grading Reports will show you the 4Cs of your diamond. The for 4Cs stand for the following grading factors.
Colour – the colour of your diamond is rated on a scale from D – Z. This ranges from colourless to light.
Clarity – clarity is rated from being flawless to having flaws such as inclusions (visible specs in your diamond).
Cut – the cut of your diamond is vital for how your diamond will look. It is more than just the style of cut of a diamond (princess, brilliant) and instead focuses on the quality of the cut of the diamond.
Carat Weight – Carat weight is the most obviously important of the 4Cs for a potential buyer. Your GIA Diamond Grading Report will confirm the carat weight of your diamond.
All of the 4Cs of a GIA Diamond Grading Report contributes to the value of a diamond. A higher quality diamond will be of more value than a lower quality diamond. For that reason, it can be of great importance to obtain a certificate before selling your diamond.
How Can I Obtain a Certificate?
When you initially buy a diamond from a retailer, your diamond will come with a GIA Diamond Grading Report, or you may have the option to purchase one. Diamonds must be loose for grading, so this can be more difficult to obtain if you are looking to sell a diamond ring or other item of jewellery.
If your diamond is loose, you can submit your diamond for grading toe the GIA. The grading report does come with a cost, but if your diamond is of higher value it may be worth the price of knowing what you are trying to sell. Additionally, many buyers will want this information and you may have difficulty selling your diamond without it.
Can I Sell My Diamond Without One?
If the original grading report that came with your diamond jewellery is lost or unavailable when you are looking to sell, you do have other options. Though individual buyers may be wary of purchasing your diamonds, a professional gold and jewellery buyer should be able to buy your diamond without paperwork.
A jeweller can appraise your diamond and give you their expert opinion. If you look for help from a trusted and reliable diamond buyer such as the experts at Pinto Gold and Jewellery Buyers, you should feel good about this decision. In general, when you ask for an appraisal from a jeweller, they are giving you their opinion, so it may be worth getting more than one appraisal if you do not feel that your first appraisal was fair. Once you feel you have found a reasonable price from an honest jewellery buyer, you can sell your diamond jewellery to them.
Where Should I Sell My Diamond?
If you have a certificate of authenticity such as a GIA Diamond Grading Report, you should have little issue selling your diamond either online or to a gold and jewellery buyer. As you have a clear understanding of the 4Cs of your diamond, you should have a better understanding of what your diamond is worth.
Without knowing and authenticating the 4Cs of your diamond, it may be more challenging to sell your diamond online. Many buyers will want to know what they are buying and have proof that they are getting exactly what they are paying for. For tips on selling your diamond online, see our article “How to Sell a Diamond Online.”
If you don’t have or don’t want to obtain documentation for your diamond, don’t worry. You can still get a fair price for your diamond jewellery by selling it to a reputable diamond buyer. Always consider getting more than one opinion as each jeweller can only give you their best appraisal based on these skills and knowledge. Though having adequate documentation for your diamond is helpful, it is unnecessary to have when you want to sell.