Questions about selling my diamonds & diamond jewelry

Is it safe to send and sell my diamonds in the mail?

Many people have questions on how to sell a diamond through the mail. The fact is that many people sell diamonds all over the world through the mail. Factories and distributors send diamonds to each other, as well as to other jewelers. They all use the same method of registered, insured mail, which is the method we provide for all of our customers to sell their diamonds to us.

What is a certificate?

A certificate is a diamond grading report issued by an independent laboratory detailing the diamond's weight, dimensions, color, clarity and cut. The GIA (Gemological Institute of America) and EGL (European Gemological Laboratory), whose standards are the strictest in the diamond industry, are the undisputed international authorities on diamond grading and gem identification. The GIA issues a Diamond Grading Report or Diamond Dossier. The EGL calls their report a Diamond Certificate.

Is a certificate the same thing as an appraisal?

No. A diamond appraisal is the opinion of an individual appraiser as to the quality of a diamond and his/her opinion as to the monetary cost of replacing the stone. An appraisal is useful only as a tool for the insurance industry when a customer needs something replaced due to loss or theft. Appraisals are typically far above the actual retail cost of a diamond. In contrast, a certificate is issued by an independent laboratory that has had one or more staff members evaluate the stone for its specific quality. A certificate contains no price estimates; it is simply the assessment of the lab as to the exact quality of the diamond you are selling.

Why does Lippincott prefer a diamond with a GIA certificate over other types of diamonds?

The GIA (Gemological Institute of America) is essentially a non-profit organization, so the certificates it issues are not biased. Also, diamonds sent to GIA for certification are examined by many different expert graders in the determination of exact quality.

If I want to sell my diamond that is not certified, is it of lower quality or lower value than a certified diamond?

Yes and no. Any diamond can be certified, even those diamonds of poor quality. Having a low-quality diamond certified does not increase its quality at all. Likewise, certifying a high-quality diamond does not make it any better. However, because the certification process costs money and certified diamonds are more desirable on the open jewelry market, a certified diamond is more valuable than a diamond of the exact same quality that does not have a certificate.

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