Appraisals

[pang_k]

Hi,

If one was to have a Hearts & Arrows diamond appraised, should this attribute be documented in the appraisal report?

I assume so, for the purpose of validating that the seller is indeed selling a H&A diamond. Also the other purpose is to confirm that it's indeed a H&A to future buyers if I decide to sell. And finally for insurance purposes so that in the unfortunate case that the diamond is lost, it is replaced with a H&A diamond too.

Let me know what you all think.

Kevin

 

[heididdl]

Yes and yes...Is the diamond your buying certified by a reputable company such as GIA....it will be noted on that certification that it is H&A. If is it not a certified stone then if it doesn't come with a certificate saying its H&A how do you know.......

 

[heididdl]

Yes and yes...Is the diamond your buying certified by a reputable company such as GIA....it will be noted on that certification that it is H&A. If is it not a certified stone then if it doesn't come with a certificate saying its H&A how do you know.......

My stones are certified by EGL (not as strict as GIA) and they both show hearts and arrows diagrams with the logo specifying that they are both H&A....The certificates would go to the appraisar with your stone

 

[new4diamond]

Yes and yes...Is the diamond your buying certified by a reputable company such as GIA....it will be noted on that certification that it is H&A. If is it not a certified stone then if it doesn't come with a certificate saying its H&A how do you know.......

My stones are certified by EGL (not as strict as GIA) and they both show hearts and arrows diagrams with the logo specifying that they are both H&A....The certificates would go to the appraisar with your stone

GIA does not note or grade H&A as such. AGSL that may be 'branded' name such as WF-A Cut Above, BGD-Signature Cut Beyond Brilliant, etc are their brand of H&A's, in its self, even AGSL does not grade H&A's.

EGL, even though they note H&A's on some lab reports do not have any published research showing how or what they use to make that call. The generic picture/diagarm of H&A's is just that, a picture/diagram, nothing else.

 

[denverappraiser]

Hi,

If one was to have a Hearts & Arrows diamond appraised, should this attribute be documented in the appraisal report?

I assume so, for the purpose of validating that the seller is indeed selling a H&A diamond. Also the other purpose is to confirm that it's indeed a H&A to future buyers if I decide to sell. And finally for insurance purposes so that in the unfortunate case that the diamond is lost, it is replaced with a H&A diamond too.

Let me know what you all think.

Kevin

Most appraisals are written for insurance purposes. That is to say, the objective is to make it possible to replace your item with another one of like kind and quality in the case of a loss. That's part of like kind. If it's important to you, and especially if it affects the price, document it in the appraisal report.

A special note here: MOST appraisals are done on mounted stones and you can't see or document the hearts on a mounted stone. It's also worth noting that this is an attribute that does not appear on most lab documents. That means the appraiser is relying on 3rd party information, like images provided by the seller. Assessing the quality of that information is part of the job of the appraiser, just like assessing the quality of the lab data. Some is decidedly better than others. There are some disclaimers that come along with that but for insurance appraisals that's fine. I point it out because #1, the appraiser is not the one examining the hearts and #2, you the client must cooperate. The game of 'stump the gemologist that so many people like to play' where you show them what you have and sandbag the paperwork in the hopes of getting a higher grade completely eliminates this.

Note #2. Resale has nothing to do with the above. If you sell it, your BUYER should hire their own appraiser to evaluate whether or not they should do the deal. Paperwork provided by you is, by definition, questionable (for the same reasons you're questioning the paperwork being provided by the seller only it's worse because you're and individual). Assuming we're talking about a fairly expensive stone, expect the buyer and/or their expert to want to take it out of the mounting and inspect it themselves, ignoring whatever paperwork you provide.