Thursday, May 24, 2007

What is an appraisal?

What is an appraisal?



An appraisal is an evaluation conducted by an independent firm to
determine that the diamonds and precious metals are genuine and that the
diamond matches the criteria listed in the Diamond Grading Report. The
appraisal report consists of a description of the article and shows its
estimated retail replacement value.


Although you will receive a Diamond Grading Report with every loose diamond purchased from Diamonds.com, we also recommend that you request an appraisal after you make your purchase.


Refer to the FAQs below to learn more about Appraisals.








Why do I need an appraisal?

An appraisal is required to obtain insurance to cover the replacement
cost of the item in the event of loss, theft or damage. The insurance companies
use the appraisal to calculate your cost of insuring the items.


An appraisal will also put your mind at ease that the diamond you received is in
fact the one that you bought. You never have to worry when making a purchase
from Diamonds.com. We maintain the highest ethical standards and guarantee that
that the diamond you purchased is the one you selected.


 


Do I still need an appraisal if I have a Diamond Grading Report?

Yes. A Diamond Grading Report can be requested before making a
purchase. It will certify the 4Cs-cut, color, clarity and carat-weight-and
other characteristics of the diamond. However, it does not list an estimated
retail replacement value. The appraisal is ordered after you make a purchase or
at the time of purchase from Diamonds.com. It confirms the 4Cs, but also includes
the estimated retail replacement value.


 



Does an appraisal expire?

An appraisal is usually good for three to five years. Your insurance
company will advise you if you require an updated appraisal.


 


How much does an appraisal cost?

Costs vary according to total carat weight of the diamonds.
Approximate fees are:



      Under 1.50 carats
$ 60.00


      1.51 - 2.50 carats
$ 75.00


      2.51 - 3.50 carats
$ 90.00


      3.51 - 4.50 carats
$100.00


      Over 4.51 carats
For a quote, please call 1-877-956-9600


Please contact us if you need an updated appraisal which we can expedite at a
reduced fee.


 

No comments: