What determines the value of jewelry
Estate jewelry is a general term used to describe jewelry that has been previously owned. By buying estate jewelry, a customer can save thousands of dollars compared to new.Jewelry is a style driven industry. Some styles are classic and stay around for decades, others last just a few months. Estate jewelry that is out of style does not command a premium price. The other extreme is that the jewelry could be antique. Antique jewelry means that the jewelry is more than 100 years old. Antique jewelry is highly collectible and could bring a premium price. Knowing if your jewelry is just old and out of style or an antique can mean the difference of thousands of dollars.
The condition of your jewelry is another determining factor of the price received. Damaged and broken jewelry many times justify the restoration costs, but most of the time damaged jewelry is only valued at its intrinsic worth.
What diamonds do you buy?
We will buy almost all diamonds, no matter the size, shape, color or clarity. Please bear in mind though, that color enhanced or treated diamonds (laser drilled, fracture filled, etc.) carry little value relative to a natural diamond.
How much can I get for my diamond or diamond ring?
This is the most asked question from our customers when selling their diamond jewelry. The value of a diamond is primarily determined by:
- CARAT: The weight of the diamond
- COLOR: A wide ranging scale of colors affect prices
- CLARITY: The clearer the diamond the more expensive it is
- SHAPE: Round diamonds are worth more money than fancy shapes such as Princess or Emerald cuts for example
- CUT: How well your diamond reflects light and sparkles
To determine how much your diamond is worth we need to see the diamond and expertly determine all of these factors. Our certified gemologist has over 30 years of valuation experience and is a nationally-recognized expert. Contact us today and we will discuss your diamond and advise you over the phone.
Will you take the diamond out of my ring?
To confirm the grade of the diamond, we sometimes need to remove the diamond from the ring. We will try to give you an initial valuation first, so that we know if it is worth taking the diamond out. All diamonds will be returned to their settings by highly trained jewelers if we need to return your stone.
What is the difference between a fair market value appraisal and an insurance appraisal?
Fair market value appraisal is defined as the price that a buyer desires to pay for an item in its current condition from an owner who is compelled and desires to sell, with both parties being aware of the relevant facts concerning the item.An insurance appraisal is a formal appraisal document required by insurance companies in order to insure an item at the current retail replacement value.
Do you charge for market valuation appraisals?
No. To educate our customers on What they have, What it is worth, and What they can do with it.
I know that diamonds are the hardest substance known, so how did my diamond get chipped?
Diamonds are hard but hardness is defined as resistance to scratching. Toughness is defined as resistance to breaking. Diamonds are very tough but they can chip or break. One reason is cleavage. Cleavage is a characteristic that some crystals possess in which the crystal tends to split if hit in a very specific direction. Diamonds have cleavage. Prior to lasers and diamond saws, cleaving the diamond with a mallet and wedge was the best way to shape it. This is still used today but is less common than in the past.Chipping a diamond can occur during normal wear if the stone is hit at the right angle. The actual blow to the diamond doesn’t even have to be very hard. Many people, who have chipped a diamond while wearing it, have no idea when the damage occurred.