In this post we will explore Diamond Certification process.
As diamond is not like easy pricing product when we compare it to other products. Other products valuation process is straightforward starting with manufacturing costs then we add marketing costs associated with product. And finally we add our profit margin 20-40% to add it. That’s it. It is quite simple because of we don’t need to consider some intangible attributes which are common in diamond valuation. This is the reason you need to consult some diamond valuation institute to get certificate from it. This certificate is called Diamond Grading Report. In United States Of America ( USA) this report source is GIA. GIA stands for Gemological Institute of America. In other countries there might be their own recognized institutes for this task.
This diamond grading report is the written proof of color, carat, cut, clarity and weight of your diamond. By getting this certificate you are in better and safe position. You now know the true value of diamond from independent source and don’t need to rely on false information from deal or retailer. You have to pay for this diamond certificate but the cost is low and the benefits of it are so high. By getting this certificate, now you are in better position to negotiate selling or purchasing of diamond under discussion.
If you purchase a high quality diamond and later you want to sell it, this diamond grading report will help you a lot. But if you don’t have this report then you find it very difficult to sell it. Another way you can use this report to see the diamond value in the wholesale market.
This certificate makes purchasing and selling of diamond an easy process. You have all the attributes of your diamond on certificate and then you can easily negotiate the price on basis of these attributes. It is quite easy to find the true worth of your diamond. You are now in safe zone.
Another use of this report is in case you want to insure your diamond. Insurance company demands for true value of diamond to be insured. When you provide them this Diamond Grading Report they happily trust on it. This report is the solid proof of the quality and value of your diamond in case of the diamond stolen.
Never enter into bargain with those dealers who are not ready to provide you this report. Don’t purchase diamonds from those sellers who don’t provide you this certificate on pretext this certified diamond would cost you more. The only extra cost you need to bear is the certificate cost which is low. So avoid all these folks who are not ready to provide you this certificate. If you accept a diamond without this certificate then would find yourself in great trouble in future when you are going to sell this.
Another precaution is to not accept certificate from low standard institutes, only go for GIA. If a dealer is not prepared to provide you GIA certificate and persuading you with other lab certificates never accept these certificates. Demand GIA certificate, if the dealer is not ready then say goodbye and search a dealer who provides GIA certificates.
If you are going to purchase expensive diamond and dealer is try to convince you to purchase it without certificate then there is definite clue that the dealer has inflated the price of diamond and wants to conceal something from you.
This is the whole story of diamond certification. Diamond selling and purchasing is not an easy job but this certificate from well know and trusted institute like GIA makes this whole process lot easier.
So Never Forget GIA Report For Your Diamond.