For an appraisal, I’m not sure there could be too much information.  It’s more likely that the appraisal is lacking in information and detail which prevents you from getting “like kind and quality” after a loss. Just like other things you purchase – you can get a cheap appraisal.  You can use it to obtain insurance. The insurance company will use it to find a replacement if you have a loss. But ultimately, you could be the loser if you’re left with a diamond that just doesn’t measure up to the one you lost.

The post last week, Put It In Writing Please, gives some details that should be addressed on the appraisal.  For a sample of an excellent appraisal of a diamond ring, go to (page 7) http://negemlab.com/docs/sample_appraisal.pdf

Notice the picture of the ring – two views – and the detail of the diamond’s cut, color, clarity, and carat weight. Keep in mind, the diamond must be graded before it’s mounted to get the most accurate information on its weight, etc. After setting, the weight and quality factors are only estimated.

Most appraisals are written for mounted jewelry. It’s amazing how close to accurate a good gemologist/appraiser can get to its weight.  Then, depending on the style of mounting, the accuracy of the cut, color, and clarity could be as much as two or three grades off. Everything ends up affecting the replacement value, so if you’re considering a purchase of a diamond, be sure everything is documented before having it set.

Oh, and those diamond “Certs”.  Be careful. Look at the date of the report. If it was generated more than 2 years ago, you might want another opinion on its condition.  Then, look for a cut grade. The quality of a round brilliant diamond’s cut can affect the price by as much as 50%!!    Dii