If you own diamond jewelry, it is always good to know its estimated value. While you may not be thinking of selling your gems right now, it may be a good idea to contact a jewelry appraiser to learn the estimated worth of your jewels. According to MyGemma, if you want to sell your diamonds, you will need their jewelry estimated value. That value will depend on many factors, such as the condition and market demand of the pieces.
When people get their jewelry appraised, it is primarily for insurance purposes. There is a difference in the amount of the appraisal vs market value jewelry. According to American Cash for Gold, the appraisal amount is only intended as an estimate. The price it could be sold for is dependent on its actual worth in the market. The appraisal is the value of the jewelry at that specific time, but its worth could change over time as market demand rises and falls.
When you get a diamond assessment, be certain it is done by a certified gemologist. They are officially trained, and their appraisals are accepted by insurance adjusters if the diamond is stolen. You may be wondering about the cost of diamond appraisal. According to Gemology Resources, an appraisal is about $100 to $200.
In the last post, we discussed some of the most common myths surrounding diamond rings and handcrafted jewelry. However, there are several more myths that need to be addressed in order for you to make the most well-rounded decision regarding your custom jewelry design needs. Here are some more myths about diamond jewelry.
Bigger diamonds are always more expensive
This may seem logical, but it’s simply untrue. When determining the value of a diamond, the biggest indicators of worth are the four C’s: clarity, cut, color, and carat. Some diamonds will be priced higher simply because they are larger; however, it’s more common for a diamond with an average color and cut to cost less than a smaller diamond with a higher quality color and cut. Overall, it’s usually best to choose your diamond on the basis of all four of these qualities as opposed to focusing on one.
Gold comes in three colors: yellow, rose, and white
This is a widespread misconception. The reality is, yellow gold is the only color that’s pure gold. Whiteflash.com explains, “Although it is sold that way in jewelry, gold is mined only in yellow form. Pure yellow gold is too soft for use in jewelry, so it mixed with other metals, forming an alloy, before it is made into jewelry.”
Typically, iron, silver, copper, and aluminum are used to achieve white or rose gold, which have become much more popular in recent years (particularly rose gold). When designing custom gold jewelry, keep in mind that many pieces of white gold jewelry are coated in rhodium to add a distinct white and radiant shine. That’s why many pieces of white gold fade and appear yellowish after prolonged use.
Blue fluorescent diamonds are rarer and therefore more valuable than other types
It’s true that blue fluorescent diamonds are rare, but they won’t usually cost you more at a jewelry store than other types of diamonds. The blue color that is visible is simply a hint of the type of blue reflection that makes a white shirt appear blue under a UV light. A small amount of fluorescence, while able to hide discolored yellow tints, can also cause the diamond to appear cloudy if it’s too strong. If you’re looking for a blue diamond, you should probably look at different gemstones instead.
According to the U.S. Department of Commerce, U.S. jewelry stores sold an estimated $2.6 billion in merchandise in February 2016. And although February is typically a busy month at jewelry stores, for obvious reasons, it’s clear that these pieces are as popular as ever. If you’re trying to design that perfect wedding ring or necklace for your beloved, then understanding these myths is the best way to stay informed and make the right decision for your custom jewelry design needs.
Need more information about custom engagement rings in the Beloit, Wisconsin region?Then contact Jewelry By Christopher today.