Appraising Diamonds Forever


The song is as famous as forever. It was the theme song for one of the earlier James bond movies. The plot in this movie revolved around diamond smuggling to satiate the evil intentions of criminal masterminds, only to be thwarted once more by the world’s number one spy. But this story revolves around the benefits of having your diamond jewelry appraised on a regular basis. Well looked after, diamond encrusted rings can last forever.

diamond jewelrybenefits of having a diamond-encrusted ring appraised

Hence this article’s heading. Diamonds are indeed forever. And in spite of precious metals’ price fluctuations on world markets, diamonds as a main jewelry ingredient can increase in (sentimental) value over the years. By way of a local example, an authentic jewelry or diamond valuation will carry the stamp of approval given by a qualified gemologist certified by the GIA. He should also be a member of reputable associations such as ASA or ISA. All jewelry appraisals should also conform to a Uniform Standard of Professional Appraisal Practice (USPAP) code of conduct.

The article got ahead of itself in terms of mentioning the benefits of having a diamond-encrusted ring appraised. To formalize its monetary value then. Both diamond and ring should be valuated regularly for insurance purposes. So, an accurate value of the precious set can be kept on file by the insurance agent and, in the event of a loss, the owner of the jewelry can be fairly compensated. But will such valuations take into account the jewelry’s sentimental value? Well, now.

To answer this touchy question, perhaps taking into account at least three characteristic features of an authentic appraiser helps. He should be more than willing to have the client present whilst conducting the appraisal. He charges a fair price, usually a flat, once-off fee. Also, he works independently of retail jewelers and manufacturers.

And there you have it. What you can expect should you decide to have your jewelry appraised, and you should. But what about those who have yet to go shopping? Time to set hearts aflutter then. It has been a long-standing Western tradition to commemorate the occasion of an engagement and subsequent marriage with an engagement ring or wedding band set, informed by a decorative encrustation of diamonds. But modernity has seen a swing towards function and slickness in the form of platinum. Romance with a spiritual edge sees to it that the bearer of the gifts brings forth an arrangement decorated with precious stones.

Setting aside Western traditions for now, you will be interested to learn that the tradition of presenting the bride (and groom) with a wedding band has its roots, if you will, in ancient Egypt. And this precious ring was not precious in the sense that it was manufactured from precious metals or stones. Would you believe that it was made from naturally grown reeds sourced from the Nile River’s banks? Holy moly! Or should that be; holy Moses? Finally, it’s fair to suggest that, old-fashioned or hip, diamonds aren’t about to lose its value.