Protecting Yourself From Overgrading
Here we are, at the final steps of my system. The paragraphs below deal with obtaining and enforcing a guarantee of your purchase. Do not be shy about taking these steps. Not only will you be protecting yourself, but there is no better way to tighten the grading standards of the diamond industry than for customers to hold jewelers accountable for grading.
Guaranteeing your Purchase
The vital follow-up step
The guarantee will only have meaning if you then take steps to determine whether the diamond is what they represented it to be. Promptly take any major diamond solitaire to a G.I.A. Graduate Gemologist not connected with the store where you made the purchase. For approximately $25-50, obtain a written appraisal covering all 4 C's. Compare this to the written grading you received from the selling jeweler. If there is a significant discrepancy ~ the weight is wrong, the color or clarity differ by more than one grade, the cut is not as stated ~ return to the jeweler you bought from and have them honor the guarantee.
Insuring your diamond
The independent appraisal you obtain to confirm the grade of your diamond purchase can also be used to establish the value of your stone for insurance purposes. However, don't automatically assume that scheduling your diamond for the appraised amount will guarantee you receive that amount in the event of a total loss. To avoid the shock experienced by so many consumers when they make their first claim, read Wooden Skate's pamphlet, "What You Should Know About Insuring Your Jewelry."
The bottom line
Our Diamond Quote Request Section was designed to assist you with this comparison process. In addition to providing a Wooden Skate quote on your preferred diamond, our staff will help you fill in the column of what you should expect to pay at wholesale.
P.S. If you're feeling discouraged by the work of the selection process, don't be. Soon that will be behind you, and then the fun begins. You'll have one of the wonders of the universe, as close as your/her finger, and all you have to do to enjoy it is add light!