If you have real diamonds or diamond jewelry, then it goes without saying that you purchased them with accompanying diamond certificates or “Diamond Grading Reports”. Just as it is with the purchase of branded or signature purses or luggage (think along the lines of Louis Vuitton, Burberry, Hermes), purchase of authentic gems, jewelry, and accessory should come with certificates, too, as certificates attest to the authenticity of the products you’re purchasing.
In the case of diamonds, the certification comes from gemological laboratories. Now there are many gemological labs these days from which you can get a certificate, but sadly, most of these are fly-by-night labs. You should beware of these. If you want a diamond certificate with unquestionable veracity, opt for a certificate issued by the Gemological Institute of America (GIA), the American Gemological Society (AGS), or if you’re from Europe, the European Gemological Laboratory (EGL). All these companies have been around for a long time, and they have established their reputation as the most respectable and trustworthy gemological labs the world over, so you can be sure of their reports/certificates.
This certificate is crucial, as it verifies the four Cs of a diamond – the cut, carat, clarity, and color – as well as its weight. With this certification issued by the GIA, you’re guaranteed that the diamond you’re buying is not only authentic but also worth the price you’re paying for it. Simply put, a diamond dealer cannot dupe you with false information about the diamond you’re buying, at least not with a diamond certificate attached to it. You can be sure you are paying what the diamond is really worth and not overpaying. On the part of the dealer, a certificate guarantees that he isn’t under charging you.
A diamond purchase comes with a free diamond certificate. However, in the case of loose diamonds, you may have to go to a jewelry lab or gemologist to authenticate the diamond, and then you’ll have to pay them a fee to request for a certification or grading report from the GIA. That’s all good, though, because a diamond certificate will not only keep you from purchasing a diamond of low quality but it will also come in handy should you decide to sell your diamond later on.
Now you’re probably thinking, “Why will I decide to sell my diamond?” Well, there may come a time in your life when you’ll need a huge amount of money – for a medical emergency, unexpected death, divorce, children’s education, etc. – and when that time comes, you can actually sell your diamond.
If you have a diamond with a certificate from GIA, you can contact the guys at Speedy Diamond, and you can negotiate a good price for your diamond. Selling your diamond is so much easier if you have a certificate or grading report; otherwise, potential buyers may just question its authenticity, as well as the price you’re setting for it.
A diamond certificate will help you determine the wholesale value of the diamond; thus, you will be well-guided when setting the price for your diamond when you decide to sell it.