Tuesday, September 27, 2011

What is the best way to value a diamond myself, not using a jeweler?

I am looking at buying a diamond for my girlfriend (engagement ring). I don't want to spend way to much, and have a decent amount saved (5 digits) for this purpose but want to make sure i'm not paying too much. Anyone have any advice?|||The best place to look at value of diamonds would be http://www.pricescope.com. They have a price list from places you can buy on line for a reasonable amount. Wow! You are spending a lot on the ring, but she must be very very special! Whiteflash.com will ship your diamond to an independent appraiser if you want to have someone professional not affiliated with a jewelery store evaluate the diamond. They do this all the time. You can also get a letter of verification from them which will enable you to buy insurance as well. I recommend you go through Jeweler鈥檚 Mutual or Chubb - these places specialize in insuring jewelry.





Good luck!|||Make sure any diamond you look at has a GIA certificate. I wouldn't make an investment without one. Then shop around at a couple of stores and compare diamonds with a similar color, clarity and carat.





Other than an actual appraisal this is a good way to get an idea how much stores are marking up bc GIA grading is the same across the board.





Good luck!!|||Go to the pawn shops and ask lots of questions. They will school you in what is valuable. Then if you are lucky you will actually find a ring at one of them that you can get for half of what a jewelry store would charge, and they will usually size it for your at no charge. If anyone asks where you got the ring just say you have a friend who is a jeweler on the side and this is from his personal collection.|||If you're going to spend five digits on a diamond and it's for such an important purpose, why not have it properly appraised? Just sayin'.|||It's a rock. It's a shiny rock, but its still a rock.|||3 months salary

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