Online Diamond Trading and Appraisal

In the past, it might seem almost impossible to buy a diamond online, but surprisingly, today the influence of internet and online trading is significantly visible even on the diamond trading industry. Today almost all forms of diamond including loose diamonds, wholesale diamonds and finished diamond jewelry are being sold and bought online.

Online wholesale trading

Online trading will open a large unknown market right in front of you. You don’t need to choose from a small range of items available in the close-by showrooms. All the more, jewelry shopping is all about the available choice as there can be no limit to types of diamonds available.

Online wholesale diamond trading is very profitable for both dealers and retail customers. The prices at which you receive the diamond jewelry are wholesale-rate, and hence you will obviously save money.

While trading a diamond online, there are few important things one must try to keep in mind.

Try not to be in too much of a hurry try to make good comparisons between various products. This will allow you to buy a better product at a lower price.

Also take a close look at the authenticity of the organization from which you are buying the product. Try to find his credentials, warranty terms and overall public reviews.

Diamond appraisal

All types of diamonds including wholesale diamonds even if they are loose diamonds need proper appraisal. Appraisal refers to test of the diamonds quality. Appraisal is done keeping in mind 4 very important factors sometimes referred to as the four C’s.

They are:

Carat: It is the test of the diamond’s size. The weight of the diamond is checked to determine its price. If a diamond weighs 1 ounce its carat value would about 142. The more the carat value the more is the price of the diamond.

Clarity: It is the measure of the perfection of the diamond. Diamonds are generally rated with letter like “I” and “s” for different levels of clarity.

Color: Diamonds are generally not colored though colored diamonds are extremely precious due to their rare presence. Numbers between one and seven are used to describe the vividness of a diamonds color.

Cut: a perfect diamond has 57 facets. The more the number of facets more prominent is the phenomenon of total internal reflection and consequently more is the shine of the diamond. This is one of the most difficult tasks of diamond appraisal but latest developments in technology have made it easier.

How can you start doing gem appraisal?

The motive behind mentioning some of the details about appraisal was to make you aware that it is not a very easy task. It is an art in which you can get perfection only through practice. It is not just an art but also a science and hence complete knowledge is also very important.

To become a professional appraiser of gems it is imperative to be either certified by a diamond exchange or a diamond appraisal agency like the GIA or AGS. A professional gem appraiser is known as a gemologist.