Diamond Valuer was created to explain the process of valuing a diamond ring to you and give you an estimated value of your ring based on that information. Our hope is that it will bridge the gap between the Valuers and customers and give you an understanding of the current market price for diamond rings based on the diamonds and gold in it.
The Diamond Valuer Calculator will give you an approximate figure of what your diamond ring will be valued, for insurance purposes, which is generally the accepted method of determining the value of jewellery pieces. Calculator is based on the current price of the gold on the market and the price of diamonds provided by the main resources in the industry like Rapaport and GemWorld, diamond suppliers like ADTC, Blue Nile, James Allen and Michael Hill.
The App also allows you to scan your ring and compare it to similar or same items in our database. This option is specifically designed for people who buy a lot of rings and want a quick estimate.
Calculation is based on:
- Diamond Carat, Colour, Clarity and Shape
- Gold Price
- Retail Factor
Once you take the diamond ring to your chosen Registered Valuer they will also take in consideration:
- Setting Costs
- How was the ring made ( handmade, cast, CAD )
- Diamond Treatment
- Brand Name / Collectable
If you are buying a Diamond Ring, the calculator will provide a general indication of what to expect to pay for it. Like any other industry, you will pay more for established and popular brand names and designs.
If you are selling, expect to get a lot less than the value presented, but it might help you negotiate a better price.
Always remember that no algorithm can take all the factors included in Jewellery Valuing and you should visit your local valuer for complete and detailed valuation certificate.
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