Growing up, one of the most important things to our parents –at least academically speaking- was that we got good grades at school. In school, grades are a valuable measure of your progress and success in your studies. But school isn’t the only place grading is useful. It’s also useful when it comes to Diamonds.
Diamond grading is the process of evaluating a Diamond and giving it a report card of sorts based on the “4 C’s” of Diamonds: cut, color, clarity and carat weight. Developed by Richard T. Liddicoat in 1953, the Gemological Institute of America developed the 4C grading scale that is now the universal gold-standard grading scale around the world. The GIA scale is divided into six main categories with eleven clarity grades. Where your Diamond falls on this scale can greatly affect its value.
So, why grade your Diamond if you don’t plan to sell it? After all, it has sentimental value- isn’t that enough? Unfortunately, not quite. Diamond grading is a useful tool for many things from selling your Diamond to insuring it. And while giving your Diamond an accurate grade and dollar value won’t increase its meaning, it will help you replace it if it is ever lost, stolen or damaged.
So, even if your Diamond is a priceless heirloom that you’d never dream of parting with, consider having it graded. It will give you a better understanding of what you have, and in the instance of an accident or financial crisis, it could come in handy to know your stone’s value.