certified vs noncertified and ensuring the rock

[jdek]

Hi I have a qn. I am a first time buyer of 1/2 c vvs1 E color ideal cut and I am planning to ensure the rock through jewelersmutual.
1) I was told that if the stone gets missing and needs to be replaced a chosen jeweler will attempt to find the closest match to the stone qualities. Does a certificate(GIA for example) obligate the jeweler for anything and guarantee that I get the same replacement (1/2 c vvs1 E color ideal cut ). IF if does NOT ,What will?

2) what other benefits are out there to get a certified stone other than ensuring that I get what I was promised and that its not conflict free, has a greater value and more likely to sell in case of a resell?

Thanks much

 

[heididdl]

I was told that if the stone gets missing and needs to be replaced a chosen jeweler will attempt to find the closest match to the stone qualities. Does a certificate(GIA for example) obligate the jeweler for anything and guarantee that I get the same replacement (1/2 c vvs1 E color ideal cut ). IF if does NOT ,What will?

2) what other benefits are out there to get a certified stone other than ensuring that I get what I was promised and that its not conflict free, has a greater value and more likely to sell in case of a resell?

I1. buy diamonds gold and other precious metals and jewelry. For resale purposes for my business only certified stones command good resale prices.

2. Gia certified stones are what they are . That means that most stones are appraised by the vendor who sold them from you . GIa certified stones are graded by unbiased professionals and they are THE standard in the diamond business.

3. This means that if you provide the insurance company with the GIA ceritifcation and no appraisal "replacement" cost the insurance company would have to provide you with a stone as close to that GIA certificate as possible. Technically if you had the stone appraised for 7,500 and ten years later the stone cost 10,000 to replace the insurance company would only give you 7,5000. However, I believe that if you give them the GIA certifcate they have to replicate your original stone.

Just besure that your insurance agent or company confirms. this.

 

[diamondseeker2006]

The main point of buying a GIA certified diamond is to know what you are buying and know whether the price is fair. I wouldn't buy less than excellent cut, and there probably aren't a lot of excellent cut stones sitting around ungraded. There is a huge possibility of overpaying for a diamond that is not graded, too.

 

[HopeDream]

If you buy an uncertified stone, you can always send it in to GIA to be graded - I don't think it costs more than $100-200.http://www.gia.edu/lab-reports-serv...fees/LAB_feeschedule_Diamond_07012012_USD.pdf

Sometimes vendors won't send a stone to be graded if they feel it's right on a borderline - for example if a stone somewhere between F-G color and don't want to risk the drop in value if it comes back a G. Same with clarity grades.

Remember there are no deals when shopping for diamonds (unless you're looking at the second hand market). You will generally get what you pay for. Super cheap uncertified D? probably closer to a GIA certified G.