Chances are your diamond engagement ring will be the most expensive single piece of jewelry you buy in your lifetime. When it comes to diamonds, the price is directly related to quality, and getting a superior stone often means paying a high price. With all that money on the line, you want to make sure you get exactly what you pay for.
That means not only shopping around and comparing prices but insisting upon a diamond certification. A certification helps to assure you that the diamond you purchase is all the seller claims it is and can also help guide you in online research to make sure you are getting a fair price.
What is Diamond Certification?
In the 1940’s the Gem Institute of America ( GIA) established the 4Cs of diamond buying – cut, color, clarity and carats– and the International Diamond Grading System™ . Today, the GIA’s grading system is still the worldwide standard for evaluating diamond quality, and chances are you are referring to those factors as you search for the perfect diamond. Even so, there is only so much the buyer can do on his or her own. At some point, that buyer needs to rely on the expertise – and integrity – of the jeweler.
That is where the diamond certification comes in. Getting a certification on the diamond you buy serves a number of purposes, including:
- Providing a gemological analysis of the diamond, including the characteristics and components of the stone.
- Gives you an independent laboratory analysis of the stone, performed by an outside gemologist.
- Provides you with a detailed report which summarizes the findings of that analysis.
- Gives you peace of mind that the diamond you are buying is truly a quality stone.
The Benefits of Diamond Certification
Having a pre-purchase certification done on the diamond you plan to buy carries a number of important benefits. Some of those many benefits include:
- Certification helps to establish a baseline value for the stone, based on the four C’s of diamond buying.
- Certification serves to reassure the buyer that the diamond is not being misrepresented and that it is truly worth the price.
- The certification can increase the resale value of the diamond in the event the buyer wishes to sell the ring or upgrade later.
- Certification provides a value that can be used for insurance purposes down the road. It can even eliminate the need for a separate appraisal.
Why Is Diamond Certification Important?
In addition to the benefits stated above, there are other reasons why diamond certification is an important step in the pre-purchase process. We recommend never purchasing a ring that has not undergone GIA certification. This is one of the best ways to avoid common scams and rip-offs. It is also important to note to be wary of purchasing any diamonds that have been certified by the EGL or GSI. Unlike the GIA, both the GSA and ESL do not have standard grading practices, therefore, making it difficult to assess the real value of the stone.
In addition, the ever-increasing quality of counterfeit and artificial diamonds is yet another reason to ensure the diamond you purchased has been certified by the GIA. A decade ago, the only fake diamonds on the market were cubic zirconium – and they looked quite artificial. These days, however, there are artificial diamonds that are almost impossible to tell from the real thing.
What Should The GIA Diamond Certification Include?
When you receive a certification for your diamond from the GIA, the paperwork should include the following:
- Grading for each of the 4Cs – cut, color, clarity and carat weight.
- The shape of the diamond
- The measurements of the stone
- Diamond grade
- Table and depth percentage
- Fluorescence and polish
- Symmetry and graining
Protecting Your Lifetime Investment
A diamond engagement ring is designed to last a lifetime, but you need to take steps to protect that investment. The loss or theft of such a personal item can be devastating, so it is important to take all the steps necessary to protect your precious stone.
One of the smartest things diamond buyers can do is buy a GIA certified diamond with a laser inscription. The inscription process does not harm the diamond, but it does help to protect it should the ring ever be lost or stolen. GIA inscribes a serial number into the diamond, and that can help identify the stone and return it to its rightful owner. On you the GIA report it will note if the diamond does or does not have the laser inscription with the GIA number.
In addition, we recommend insuring your diamond engagement ring. Insuring fine jewelry is relatively inexpensive and there are many insurance providers that offer extensive coverage. In fact, many homeowner’s insurance and renter’s insurance policies have riders available to purchase. The cost of the coverage will vary depending on the value of the ring, where you live and the theft rates in the area.
Finally, it is vital for you to trust the diamond broker you are dealing with. At The Diamond Reserve, we pride ourselves on our promise to only sell GIA certified diamonds to guarantee client satisfaction. Give us a call today to schedule a consultation with one of our experts.