Did you know...that although diamonds are the hardest gemstone - a 10 on the Mohs scale - they can chip and break? Diamonds grow in layers similar to a block of wood, so if hit perfectly along the grain line, the diamond can chip. The good news is that should the chip hinder the appearance, the stone may be recut with minimum weight loss. Also, if you inherited an old cut that just doesn't look very "blingy" one reason is the lack of precision in cutting years ago. Recutting that diamond to current standard s may increase the brilliance considerably.
Question: What is the difference between the report from a lab (refer to this ) and a replacement appraisal?
Answer: The lab report is only the loose diamond and does not take into account the setting or other stones in the piece. A replacement appraisal includes grading the diamond (if there is no report) and everything else from other stones, their measurements, the weight of the mounting and description. A value is set using criteria from guidelines on national fair market values generated by our insurance company.
Question: Is it better to purchase a L color/ VS 1 clarity diamond or a E color/ SI 1 diamond? (given all other parameters are the same)
Answer: Given the information above, what combination would be more pleasing to the eye? Since a VS stone would look the same regarding clarity as an SI to the naked eye, my vote would be to go for the lower clarity and higher color.
You didn't think there would be a quiz!