How to Sell A Diamond

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There are many reasons why you may want to sell a diamond that you own. Perhaps you’ve gotten divorced, or you are strapped for cash. The reasons why don’t really matter – getting the best possible price is what counts! The way to obtain the best price for the diamond is to not be in a rush. Slow down, and carefully consider all of your options – there are many.

First, have the diamond appraised. In fact, have it appraised by two or three jewelers to get an accurate idea of the diamonds value. Tell the appraiser that you want the Rapaport Value. This is the wholesale value of the diamond, and it basically tells you the highest price that you can sell your diamond for. If your diamond has no certificate, you should consider getting a certificate from GIA. This may help you get a better price for the diamond as well.

First, try to sell the diamond yourself, to people you know. Friends and family members may be interested. If you don’t have any luck with friends or family members, you should turn to outside sources. Absolutely avoid pawn shops! A pawn shop will only offer you about 10% of what the diamond is worth! Also avoid offers of selling the ring on consignment. There are many things that can go wrong, and there is no shortage of diamond scams – even in well known jewelry stores.

If the diamond is important, you should strongly consider auctioning it off through one of the famous auction houses, such as Christie’s or Sotheby’s. If it isn’t what is considered an ‘important’ diamond or a high-end diamond, you should try to sell it to an individual using classified ads, or even eBay. However, selling to an individual that you do not know could put you in danger – especially if the diamond is worth a lot of money.

Your final option should be a jewelry store. It is vital that you not let your diamond out of your sight while in the jewelry store – you might find that the diamond you walked in with is not the same diamond that you walk out with! The jeweler will try to tell you that your diamond is of poor quality or low weight. Inevitably, there will be some problem with the diamond. This is where your appraisal and/or certificate will come in handy. If the jeweler is fair, they will offer you between 60% and 80% of the value of the Rapaport Value. Do not accept anything less than this. Again, do not let the diamond out ofyour sight until you have been paid for it.

Buying Diamonds Online

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With all of the potential for scams concerning diamonds, buying diamonds online almost seems unthinkable! However, you actually can purchase diamonds online, without any problems – as long as you are careful.

First, think about your reasons for wanting to purchase the diamond online, as opposed to making a purchase from a local jewelry store. The most common reason is price. Due to low overhead costs, online jewelers and wholesalers are able to offer lower prices. However, you must be careful – sometimes a price that is too low is a sure indication of a scam.

One of the best things about purchasing online is the unlimited selection. When shopping offline, you are limited to the selection in the stores in your general area. Online, there are no limits. But again, you must use a great deal of care and consideration before handing your money over to someone that you cannot see and have never met!

Before shopping, learn as much as you can about diamonds – especially cut, color, clarity and carat weights. When you are knowledgeable about diamonds, it will be harder for a con artist to rip you off. Once you know more about diamonds, you will be ready to start shopping.

Take your time. Don’t purchase the first diamond that you see that interests you. Instead, look for similar diamonds for sale. Do some comparison shopping to find the lowest prices. Once you have found the lowest price, start doing your investigation. You know about diamonds, you’ve found a diamond that you love, and you’ve found the lowest price – but you are still quite a ways away from actually purchasing that diamond!

Ask about the seller’s credentials, such as professional jewelry associations that they belong to. View and print the seller’s return, refund, and upgrade policies. Also inquire about additional services, such as settings and mountings, sizing, and free shipping. Do a search for customer reviews on this particular company around the Internet. Also check with the BBB Online to see if there have been any complaints.

Ask for a diamond grading report from an independent laboratory such as GIA, HRD, EGL or AGS. You should see this before making a purchase. Finally, use a reputable escrow service for high dollar diamonds – preferably one that will have the diamond appraised while it is in their possession. The seller sends the diamond to the escrow service, and you send the money to pay for the diamond to the escrow service. The escrow service has the diamond appraised, sends the diamond to you, and sends the money to the seller. This is the surest way to protect yourself…again, make sure that you use a reputable escrow service!

What Are Dirty Diamonds?

A dirty diamond is one of two things: a rough diamond, or a diamond that hasn’t been cleaned in a while. Rough diamonds are uncut and unpolished – hence, they are dirty. But that type of dirty diamond will soon be cut and polished and sitting in a beautiful jewel box in a display case. Then someone will purchase it, and before long, it will become a dirty diamond once again.

Diamonds become dirty. When you wash your hands with a diamond ring on, soap scum clings to it. When you put on hand lotion, it gets grease on it. Shower with your diamond earrings or necklace, and again, you get soap scum. In one short day, your brand new diamond could be dirty!

Purchase an ultrasonic jewelry cleaner the same day that you purchase your diamond jewelry, and use it every single day, without fail. The clarity of the diamond changes when the diamond is dirty – it loses its sparkle. By taking one minute each day to clean your diamond jewelry, you can avoid this, and your diamonds will never be dirty!

Bonded Diamonds

Before you start shopping for diamonds, consider dealing with a bonded jeweler. Bonded jewelers sell bonded diamonds, and there are very few bonded jewelers in the world. In fact, out of all of the jeweler’s in the world, only about 5% of them are bonded. Buying a bonded diamond will cost more than buying a non-bonded diamond, but when you look at what you get with the bonded option, you will see that it is well worth the extra expense.

First, bonded diamonds have a buy back policy for the life of the diamond. No matter how long you have had the diamond, you can take it back to the bonded jeweler and sell it back to him or her, for a 100% refund. If a jeweler does not offer a 100% buy back guarantee, for the life of the diamond, then you should take a closer look at the diamond to see what is wrong with it.

Bonded diamonds also have a breakage policy. If the stone breaks or chips, the bonded jeweler will replace it with a new one – one time. No jeweler would ever offer such a policy on any stone that was not 100% natural, so just the offer of such a policy should give you piece of mind concerning the quality of the diamond. Bonded diamonds are natural and untreated. Bonded diamonds increase in value, with a fixed appreciation rate that is designed to keep up with inflation. This means that a diamond that is worth a certain amount of money today will be worth more in the future, as the price of diamonds continues to rise.

This generally does not apply to buy backs, however. It typically applies to trade-ins. Alternately, by purchasing a bonded diamond, you are protected against the possibility of a market crash. If a market crash occurs, the value of diamonds will drop. However, the bonded jeweler guarantees to refund you the difference between what the diamond is now worth and what you paid for it before the market crash.

It may be difficult to find a bonded jeweler in your area, but if you can, this is who you want to deal with, as opposed to dealing with an un-bonded jeweler. Specifically tell the jeweler that you are only interested in bonded diamonds. You can find a bonded jeweler in your area by using various online resources, or by calling the local jewelry stores.

Diamonds

Astrologically Diamond is the birthstone of April. It is also the gemstone for the 10th and 60th anniversary. Diamond is supposed to strengthen the planet Venus to increase luxury and enjoyment in your life. If you are a Virgo then according to Vedic astrology Diamond is the right gemstone for you. The glittering color, the four perfect cleavage directions and its endurability has made it the most popular gemstone.

For the interest of Chemistry student Diamond is nothing but a carbon. It is a polymorph of Carbon just like Graphite. Its chemical formula is “C” and only “C”. It’s a native element and belongs to the sub-class Non-metallic. Diamonds are available in wide variety of colors like Blue, Pink, White, Yellow. The diamonds processing industry values the brown diamond much more, which comes in three varieties called Champagne, Cognac and Coffee.

For the Physics students, its hardness is perfect 10 out of 10 in mohs hardness scale. Diamond is the hardest substance, gifted by nature. Just for the sake of interest, Diamond is four times harder than Sapphire or Ruby. Diamonds can scratch any other mineral and the myth, “Diamonds can only cut a diamond”, is true. The Clarity of Diamond is transparent. The specific Gravity of Diamond is 3.5, which is well above the average. Diamond conducts heat the best. For comparison purpose, its five times better than Silver. At this scenario of this very best, the Melting point of Diamond is 3820 Kelvin and the Lattice density is also the highest. Definitely Diamonds is empowered with many excellent properties to become the first choice, but again the myth of its indestructible or eternity has been proved to be a foolish notion.

Diamonds are available all over the world. Mostly it is available in Australia, Arkansas, Africa, Botswana, Brazil, Canada, Congo, and Russia etc. A large mine in South Africa has started its operation just five years back.

Diamonds have been used in treatment of mankind for ages. Medical sciences have been able to find its remedial utilities in several accidental and usual disorders due to injuries, fracturing of bones etc. It is supposed to be highly effective in several brain diseases and nervous system disorders. Diamonds even helps to control the hormone sequence of the human body.

How Diamonds Made

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Diamonds form between 75-120 miles below the earth's surface. According to geologists the first delivery of diamonds was somewhere around 2.5 billion years ago and the most recent was 45 million years ago. The carbon that makes diamonds comes from the melting of pre-existing rocks in the Earth's upper mantle. There is an abundance of carbon atoms in the mantle. Temperature changes in the upper mantle forces the carbon atoms to go deeper where it melts and finally becomes new rock, when the temperature reduces. If other conditions like pressure and chemistry is right then the carbon atoms in the melting crystal rock bond to build diamond crystals.

There is no guarantee that these carbon atoms will turn into diamonds. If the temperature rises or the pressure drops then the diamond crystals may melt partially or totally dissolve. Even if they do form, it takes thousand of years for those diamonds to come anywhere near the surface.

It takes millions of years to make a diamond. When you own a diamond, you own something which is a legend in the making. It has not been made in a factory just the other day. A diamond comes from the bosom of the earth. More interestingly not all the diamonds mined are made into jewelry. Only one fourth of the diamonds that are mined are made into jewelry. Every 100 tons of mud produces one carat of a diamond. And this one carat is not one stone! It could be anything from 0.005 ct to 1 ct. because much of the original stone is cut away in the process of cutting, shaping and polishing the diamond.

Diamonds come in different rough shapes. The next time you look at your diamond, think about the amount of time, energy and resources have gone into making that one.

Diamond Shapes

Available Diamond Shapes

If you thought all diamond shapes were the same, you may be surprised at the abundant number of diamond shapes that are available. Most jewelers offer at least nine of the most common gemstone shapes, including:

Diamond Shapes

Two diamonds that are the same shape will appear to look slightly different depending on the siz and weight of the diamond, as well as the type of setting that the stone is placed in. The same ring worn on two different hands can also look quite different, based on the size of the hands.

Difference Between Diamond Shapes and Diamond Cut

Many people mistakenly use the terms “diamond shapes” and “diamond cuts” interchangeably, but there is a difference between them. The cut of a diamond refers to how the artisan maximizes the features of the gemstone by creating angles and details, making the light go into the diamond and bounce back in the most brilliant way possible. The quality of a diamond's cut contributes greatly to the overall value of the gemstone, where as the shape of a diamond does not increase or decrease a diamond's value. When discussing diamond shapes, you are referring to the actual geometric shape of the diamond, whether it is round or oval, emerald or heart shaped, for example.

Choosing Diamond Shapes

With all the possibilities of diamond shapes, how do you go about choosing one? If you are buying yourself a diamond, it's just a matter of looking at all the different varieties and finding one that is most pleasing to your eyes, and the ones that look best when you put them on your finger, or wear in your necklace.

When choosing a diamond shape for someone else, it becomes a bit more difficult. For an engagement ring, many women prefer the traditional round shaped diamond, while others may enjoy having something more unique. A young woman or one who is considered a hopeless romantic may prefer to have a heart shaped diamond.

Other considerations for selecting diamond shapes for rings should be based on the size of a woman's hand. If she has long, slender fingers, can elegantly wear a pear shaped diamond, marquis, or oval shape. Place the same shaped diamond rings on a woman with shorter, wider fingers, and it will cover up too much of the finger and look bulky, and perhaps even awkward. Small hands typically look best with round shaped or princess shaped diamonds.

Most Popular Diamond Shape for Engagement Rings

Even though there is a wide variety of diamond shapes available, the most commonly purchased diamond shape for engagement rings is the round diamond. Round diamonds are considered the “classic engagement ring”, and the stones are often set in yellow gold or platinum. In fact, any diamond shape other than round is considered to be a “fancy” shape, since the round diamond is so popular.

Diamond Cut

Our love of diamonds and admiration of their fire and brilliance has given rise to many different cuts of diamonds. While we still see some of the earliest styles of diamond cuts – such as the round and emerald-cut, there are many more cuts today, some of them patented by their designers and costing hundreds of thousands of dollars.

The most popular cut for a diamond ring today is still the round, brilliant cut. It was developed in the 17th century in Venice. It is still preferred when the raw crystal is in an octahedron formation. Even though as much as 50% of the stone is cut away in the process, often two stones can be carved from an octahedron. More unusually-shaped stones are used for fancy cuts, such as a marquise, pear or heart shaped diamond. The earliest brilliants had 17 facets on the top of the stone and were called double-cut. This was soon improved with stones cut with 33 facets and were called triple-cut brilliants.

Brilliant Round Cut

In the 19th century, with the development of better gem-cutting tools, more innovations in diamond cutting styles were developed. In 1919, Marcel Tolkowsky combined the art of cutting with the science of light and refraction and published his book, Diamond Design. These relatively recent geometric calculations were the forerunner of much of diamond cutting work today and led to other, more precise mathematical models engineered to enhance the fire and brilliance of diamonds.

There are now cuts such as the princess cut, trillions, ovals, pear and heart-shaped. Some innovative cutters have even fashioned star or butterfly-shaped diamonds! One patented cut, the Ashoka diamond, is an oblong cut with rounded, brilliant ends, and requires a stone 3 carats or larger. It’s an exceptionally beautiful (and pricey!) diamond shape. Tiffany has also patented a cut of diamond called the Lucida cut. It’s the lucky bride whose fiancé gives her one of these highly coveted stones!

Diamond Clarity

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What is Diamond Clarity?

Diamond clarity is the measure of flaws found in and on the outside of a diamond. The less flawed a diamond is, the more value it has and the higher the price tag. There are very few diamonds which can be categorized as having no flaws at all, however, most diamond flaws cannot be seen without magnification of at least 10 times. Because issues with diamond clarity are often undetected when looking at a diamond, some people consider this to be one of the least of their concerns when selecting a diamond to purchase.

How is Diamond Clarity Determined?

The most well known measurement of diamond clarity is done by the Gemological Institute of America (GIA). It ranks diamonds based on a grading system it created that ranges from flawless diamonds, to imperfect diamonds, with many different grade ranges in between. The better the clarity ranking, the more expensive a diamond will sell for as it has more value.

Types of Inclusions that Effect Diamond Clarity

Inclusions are flaws that effect diamond clarity. They make it so that the diamond is not “perfect”, and there are visual imperfections within the gemstone. Most flaws however, are un-noticeable to the naked eye and can only be seen under high levels of magnification.

There are names for many of the most common inclusions. Carbons effect diamond clarity because they are very small black dots found on the surface of a diamond, which may or may not be visible in regular lighting. Some may be so small that you need magnification to view them. Pinpoints effect diamond clarity because they are white dots along the surface of a diamond. Pinpoints are the most common of all diamond flaws. Clouds effect diamond clarity because they cause what look to be cloudy areas within the gemstone. The clouds are actually made up of many growths of crystals that are positioned very close together within the diamond, and their proximity to one another is what causes the cloudiness to appear. Feathers effect diamond clarity by causing cracks to form within the diamond, that look similar to that of broken glass.

Clarity Enhancements

Diamond clarity flaws can often be fixed or reduced by using a variety of clarity enhancement treatments. Some diamonds are painted, some get lasered in order to remove pinpoints and carbons, and some diamonds undergo a process by which tiny holes are drilled into the diamond in order to reach areas of inclusions within the gemstone, and then the cracks are later filled with molten glass. Having enhancements done to improve diamond clarity decreases the overall value of the diamond, but can improve it's appearance. Diamond certificates should indicate that enhancements were done on the diamond, so ask to see documentation before making a purchase. While most enhancements just cause the diamond to look nicer, some may actually cause the diamond to be weaker, and more prone to breakage than a diamond that has not had any treatments.