Diamond Appraisals and Fair Market Value Offers in Boca Raton, FL

26 Sep Diamond Appraisals and Fair Market Value Offers in Boca Raton, FL

The Gemological Institute of America (GIA) is the largest non-profit source of gemological knowledge in the world. The Institute is highly respected and exists to connect people and knowledge about gems. It is a scientific authority, a unique source for diamond knowledge, and its grading reports inspire confidence wherever they appear.

GIA’s commitment to protecting diamond buyers inspired the Institute to create the Diamond 4Cs, a diamond grading system. The methods used set the universal benchmarks by which all diamonds are judged.

GIA is complete, unbiased, and scientific.

Diamonds, diamond engagement rings, wedding rings with diamonds, and other diamond jewelry

Diamonds are appraised according to the 4c, cut, clarity, carat, and color.

Diamond Color Actually Means Lack of Color

A diamond with no color, like a drop of water, is valued higher than a diamond with some color. All diamonds are evaluated, from D (diamonds with no color) to Z (diamond with color). A diamond expert, under controlled lighting, compares the diamond to “master-stones” to determine the absence of color, and gives the diamond a rating.

1. Diamond Clarity

Diamond Clarity refers to the absence of “inclusions” (substances, spots, etc. included in the structure of the diamond) and “blemishes” (external characteristics).

Diamonds are created under pressure and heat, and therefore have both inside and external characteristics that need to be evaluated by size, nature, position, and relief. How do they affect the appearance of the diamond?

The purer a diamond is, the better the Clarity.

Clarity is appraised after looking at the diamond under powerful magnification, and then determining what inside characteristics it has (inclusions) and the following ratings are given:

• Slightly Included (SI1 and SI2) Inclusions are noticeable under 10x magnification

• Included (I1, I2, and I3) Inclusions are obvious under 10x magnification, which may affect transparency and brilliance.

Then a Diamond Clarity Scale is used to give the diamond an overall clarity rating.

Popular diamond shapes: round, cushion, princess, radiant, emerald, trilliant, heart, oval, pear, marquise, baguette, asscher.

2. Understanding Diamond Cuts

Knowing how your diamond is cut is essential in knowing your diamond and its value and ability to transmit light and sparkle.

There are diamonds cut round, heart-shaped, oval, marquise, and pear. A skilled gem cutter will know exactly how to cut a diamond, so it interacts with the light to enhance its beauty and value. The way a diamond is cut will affect its brightness, fire, and scintillation.

• Brightness: Internal and external white light reflected from a diamond.
• Fire: The scattering of white light into all the colors of the rainbow.
• Scintillation: The amount of sparkle a diamond produces, and the pattern of light and dark areas caused by reflections within the diamond.

3. Carat weight

By using 200 milligrams as a “carat”, the weight of your diamond can be given within a hundredth decimal place.

Larger diamonds are rarer, and thus more valuable and desirable. Remember that the value of a diamond is not only its weight, but also its color, clarity, and cut.

Thorough evaluation is necessary when appraising jewelry. A professional appraiser, like the skilled pawnbrokers at Barry’s Pawn and Jewelry, will look at a center stone in an engagement ring, and after the grading process can tell the customer the exact quality of the diamond. They will then use this information to get and accurate picture of the fair market value and make an offer to buy or loan against the valuable ring.

Barry’s Pawn and Jewelry has an in-house jeweler with over 35 years of experience. The jeweler is skilled in repairing rings, necklaces, and conducting a value appraisal. Having a piece of jewelry appraised will help you understand its worth.

Local jewelers may appraise your jewelry, but there may be a cost associated with the appraisal process. At Barry’s Pawn, the pawnbrokers will work with you to understand your grading report and resale value.

Maybe you have a jewelry collection you inherited from a family member. Chances are you won’t have a grading report to guide you in its retail value. Barry’s Pawn and Jewelry are accustomed to working with insurance appraisals, inherited jewelry, estate jewelry, precious metals, gold, and silver to determine what your jewelry is worth.

Their reputable jewelry appraisers will give you an appraisal for free.

Looking to sell your jewelry?

Maybe you have a piece of jewelry that is a coveted collector’s item today, or it may have fallen out of style, which diminishes its worth. Barry’s Pawn and Jewelry will appraise your jewelry and consider other factors like the gemstones used, the precious metals, and what current market value is for the metal, quality of the artistry, and the particular designer. These factors all figure into the value of the jewelry.

If your jewelry has a platinum or gold setting, the weight of the precious metal will add to the appraised value. The true value of your jewelry is important to the team at Barry’s Pawn and

Jewelry That Holds It’s Value

Jewelry is like art. Find the right piece by a known designer, and your jewelry will hold its value.

Some jewelry isn’t bedazzled with diamonds, but still incredibly expensive. Costume jewelry like Chanel is widely recognized as a brand name, and its value will increase over time.

Cartier jewelry appreciates in value over time. The brand name is respected, and like Van Cleef & Arpels and Tiffany & Co, collectors will purchase different jewelry, hoping their monetary value will increase.

Limited editions and special made one-of-a-kind pieces that become scarcer in the market become more valuable. This is true if the diamond ring or jewelry piece is stamped with the brand’s signature.

Vintage Art Deco pieces made of diamond and platinum have a fair market value. Natural pearls are increasing in value over cultured pearls. Also, older pieces with a substantial stone or large diamond can be sold and reset in a new style that appeals to contemporary tastes.

Insurance Appraisals

Investing in a diamond engagement ring or a large diamond pendant is expensive. Insuring the piece of jewelry may be important to safeguard its value. An insurance company will ask you to get an appraisal for insurance purposes. It is important to work directly with your insurance company to determine what they require.

Part of the insurance company appraisal process is to identify unusual circumstances, such as sharp increases in availability and price for certain jewelry components. The appraisal process should also include the cost to replace or repair an item. The value stated in the insurance appraisal should include enough to pay the fees associated with a repair. The appraisal process needs to include a liquidation value, as well as bankruptcy or business dissolution.

Appraisals should be periodically updated to ensure they have adequate insurance coverage.

Some insurance companies have arrangements with jewelers for insurance replacement business. This means when a customer has a loss, the insurance company requires them to go to a specific jeweler for a replacement. The jeweler is then paid an amount from the insurance company. This payment is typically less than retail.

You can check the National Association of Jewelry Appraisers for a list of jewelers who complete appraisals for free.

Pawn Shops

Pawn shops have been doing business for over 3000 years. They started in China, and pawn brokers worked independently to advance people money in exchange for valuable goods and household items.

Today, people depend on pawnbrokers to help them with alternative financial solutions. Pawn customers represent all social and economic levels of America. Pawning a valuable item may keep the electricity on, or selling to a pawn shop may help liquidate an estate.

Pawn shops are attractive and welcoming. Most of them are family-owned and operated stores that offer superb customer service. Pawnbrokers comply with all federal, state, and local regulations and laws. In most jurisdictions, they provide local law enforcement with daily data on all transactions. 

Pawnshops have teams that include highly skilled pawnbrokers who conduct jewelry appraisals, and their appraisal services are typically free. They offer an jewelry appraisal on fine jewelry, antique jewelry, diamond appraisals, ring appraisal, and are considered quality business by the better business bureau.

Barry’s Pawn In Boca Raton, FL

At our pawn shop in Boca Raton, their reputation is built on relationships made the old-fashioned way – being friendly, honest, and fair. They treat clients respectfully and are always straightforward. Everything they do at the Pawn Shop near Delray Beach is done with care and confidentiality. Simply put, they treat people the way they want to be treated.

Family Owned and Operated for Three Generations

Professional and yet easy going, they take pride in continuing to educate themselves and customers to help facilitate smart decisions. They can count on Barry’s Pawn to do the right thing – in the right way – for the right reason. And, they like to keep things simple and laugh, because both are good for the soul!

If you would like to sell jewelry in Delray Beach, bring your loose diamonds, gold rings, silver necklaces and other jewelry items to the shop. They offer free appraisals and solid offers based on the current market value and the 4 C’s which are Color, Cut, Clarity, and Carat weight for diamonds. These are standards in determining the value of your diamonds, and they will always test and explain their evaluation to you after testing.

Check out their online reviews and their professional photos on their online shop.