Are you looking to borrow money against your diamond jewellery? If yes, then you must be wondering how much the precious gemstones are worth today.
Well, it might seem pretty daunting to determine a diamond’s value. However, some apparent factors can help you estimate the worth of these precious gems. At The Luxury Hut pawnshop in London, we aim to lend the highest amount of credit against any diamond jewellery or loose diamonds.
We consider all the essential factors in evaluating an accurate value and the final credit loan amount we are willing to offer for your precious diamond. However, for your basic understanding of the way experts evaluate a diamond’s value, we have jotted down three of the most significant factors.
Take a look!
The 4 C’s of a Diamond
Diamonds are graded based on the four C’s, and they are the primary factors that you should consider to determine the gemstone’s value.
- Cut – The best diamond cut will refract light more forcefully. Eventually, it makes the diamond look more sparkling. However, the cut of a diamond is not determined naturally.
- Carat – This is one of the four C’s that even non-professionals can understand easily. It refers to the weight and size of a diamond (1ct = 1/5 of a gram).
- Colour – The more colour you see on a diamond, the less valuable it is. However, in the case of fancy coloured diamonds, it is different. The actual selling point in fancy coloured diamonds is the colour.
- Clarity – Experts determine a diamond’s clarity based on the inclusions present within the gemstone. Thus, they inspect these precious gems under 10X magnification. Look at your diamond through naked eyes; it may appear flawless. But it can possess slight inclusions.
You may have now acquired a basic knowledge of the four C’s of a diamond. However, the fact is you will still require an expert evaluator to determine the accurate grading and value of your diamond.
The best way to determine your diamond’s value is always by getting a free quote from trusted diamond experts like The Luxury Hut. Diamond jewellery comes with a certificate that mentions the gemstones’ grading based on the 4 Cs.
Most diamond jewellery certifications come from GIA (Gemological Institute of America), AGS (American Gem Society) or WGI (World Gemological Institute). Make sure that you retain the certificate of your diamond. They help in selling or getting a loan against diamond jewellery easier.
The fact is the certificate will help you know precisely how much you are likely to expect for the cut, colour, carat and clarity of your diamond. Submit all these details by filling in our online form and get a free accurate valuation instantly.
The precious metal & other gems (if any)
When it comes to selling or pawning your diamond jewellery, another significant factor you should consider is the jewellery that comes with the stone. For instance, your engagement ring can be made of platinum, gold or white gold. Moreover, it may also have other precious gemstones on the band. To determine your diamond jewellery’s worth, you have to consider the quality of the metal and other gems (if any).
However, the entire process of evaluating a diamond’s worth can seem complicated for any layperson or non-experts. Thus, if you want to ascertain your diamond’s value, get in touch with experts.
With The Luxury Hut pawnbrokers London, you can know your diamond’s accurate value and get the highest possible loan offer if you want to pawn your diamond. So fill in our online form with details of your precious stone or jewellery. One of our associates will contact you shortly with a free quote via phone or email.