Value Of Diamonds
Diamonds have been sought after and cherished for thousands of years. A diamond is created when carbon is superheated and then sustains immense pressure under the earth’s surface. Eventually it rises to the surface and cools. This sounds simple, but this process takes an extremely long time. Although man has managed to duplicate the process with inventive procedures, manmade diamonds cannot compare to the natural beauty of the diamonds found far beneath the earth.
The wearing and use of diamonds can be traced back thousands of years to India. Diamonds were used both as decoration and to ward off evil spirits. As time progressed, diamonds began to take on different meanings and uses. In the Dark Ages they were believed to have healing powers and were thus used for medicinal purposes. Sometimes patients would swallow diamonds with the belief that they would cure whatever ailment was afflicting them. Once the Middle Ages arrived, diamonds came to be valued for their monetary worth.
Today, diamonds are still widely treasured for their beauty and financial value. Diamonds can be a reflection of a person’s social status, importance, and wealth. They are often used for engagement and wedding rings and are a universal symbol of love. They can be handed down from generation to generation and can hold great sentimental value as well as monetary value.
The selling, trading, and pawning of diamonds has been around as long as diamonds themselves. They were often used in ancient times to exchange for other goods. People today still engage in the practise of pawning diamonds for various reasons. The piece may be broken, an earring from a matching set may have been lost, or the owner simply wants to purchase a newer, more modern piece of jewellery.
Back then, the value of a diamond was determined by weighing it against a seed from a certain tree. Now, professionals use a more sophisticated method of appraising diamonds. The rule of the four C’s is now used. The four C’s include color, clarity, cut, and carat. In order to successfully pawn a diamond and receive the maximum value it is important to understand these.
Color is the most important determination of quality and value. Diamonds are rated using an alphabetic table from D – Z to evaluate them. The rating of D-F indicates that the diamond is of the highest quality and therefore worth more than a diamond rated closer to Z. A D-F rating is quite rare and only the wealthiest and most discerning consumers can usually afford to purchase one of these.
The next step is to evaluate the clarity of the diamond. The clearer, cleaner, and more transparent a diamond is, the higher its worth. FL is used to indicate that the diamond is flawless. That is, it has no cracks, fissures, or imperfections. A rating of I means that it is imperfect. There may be several fractures or cracks in the diamond, which will greatly reduce its value. Most diamonds fall somewhere in between these two ratings.
The cut of the diamond is then used to check the value. If the diamond is cut too deep or too shallow, then the monetary value decreases. The appraiser will look for how much light enters the diamond and also how much light is reflected.
The final test is the carat weight of the diamond. One carat is equal to 1/5 of a gram. Understandably, the more carats, the more expensive a diamond will be.
All of these factors are combined to determine the overall worth of a diamond. An important point to remember when wanting to pawnshop diamonds is that you should always have a professional appraise the pieces before you sell it so that you know if you are being offered a fair price. Try to obtain a few estimates as this will give you a better range of rates. When you are ready to pawn a diamond, whether it be a necklace, ring, bracelet, or watch, you will have a better understanding of its true value.
Always consider your options when wanting to pawn diamonds, or pawn diamond rings. There are several different choices available out there for consumers. These range from pawn shops, to at home jewellery parties, to online companies. Whichever you choose, make sure that they are reputable and preferably a member of the BBB. Don’t rush your decision and accept the first offer you receive. Take your diamond to several places and compare the offers. It is recommended that you do not try to take your diamonds to a pawnshop if they hold a lot of sentimental value. Usually, the memories and history of these pieces is worth more than the few dollars you may receive for them.
Diamond pawn shops take your diamonds for collateral and lend you money, usually for a period of 30 days. After those 30 days, if you haven’t returned to claim your pawn shop diamond, they will sell it. They usually verify your information and give you proof that the item was brought there which includes all financial details. At home jewellery parties are definitely not a great option as they are usually not professionals and not well versed in the appraisal of diamonds. They will not offer you a fair price for the diamond. Online diamond pawnshops will send a secured pack to you and once you send them your diamonds, they will quote you a price and send you a check once you have agreed to that price.
How To Pawn Diamonds
One of the most reputable online companies for pawning diamonds is Cash4Gold. They offer outstanding 24/7 customer service which is intended to educate consumers and assist them when pawning loose diamonds, diamond rings, or diamond necklaces. This will help to eliminate headaches and frustrations that can result from dealing with buying and selling pawn shop diamonds.