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As a woman who has lived through many passages and learned through my larger than life experiences (positive and negative), I’ve discovered how to take a big empowering bite out of life.

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Diamonds: Everything You Need To Know About Appraisal vs Resale

Hello, my darling readers! Today our guest contributor is Mondiamo.com, an online diamond buyback service. Through their unique platform and expert team of gemologists and diamond buyers, they bring a modern perspective to the diamond resale market. I have always loved chic jewelry. However, I didn’t have the full background into appraisals and resales. I thought you might find this helpful too!

The Difference Between Diamond Grading vs. Appraising

When it comes to getting the best value out of your diamond, the two terms you may have come across are a diamond appraisal and diamond resale. These two practices are concerned with the value of your diamond jewelry but have very different purposes and practices. To help you make educated decisions as you sell a diamond and save on unnecessary costs, we explain the characteristics of a diamond jewelry appraisal value vs. diamond resale value.

What Does it Mean to Get a Diamond Ring Appraised?

A diamond appraisal is a document that comes with your diamond. This outlines the basic characteristics of the diamond jewelry and the retail replacement value of the gem. The qualified professional who evaluates the piece writes the document. They take into consideration what is obtainable in the current retail jewelry market.

The amount written on a ring appraisal is the value of your diamond. This is for insurance purposes and is thus useful if there is a loss, theft or damage to your jewelry. In most cases, the value on an appraisal is usually slightly inflated and is above the diamond jewelry’s actual retail value.

The appraised value is always higher than the diamond’s value in the resale market. Therefore, a jewelry appraisal cost isn’t usually worth it if you’re looking to sell your diamond. Since they provide little insight into what you could sell your diamond for, getting a ring appraised is likely not the best option for setting a resale price benchmark.

How About Diamond Resale?

A diamond’s resale value represents the value attached to your diamond for purposes of reselling it. Unlike the discrepancy between a jewelry appraisal and selling price, this amount is what a buyer would be willing to pay for your diamond.

The resale value will be determined by the price of other diamonds with very similar characteristics and attributes trading within the wholesale market. This value is the diamond resale price. It is what you, as a diamond owner, should be concerned with when you are looking to resell. It refers to how much you will receive when you sell your gem to a dealer, a jewelry store or another individual.

The diamond resale price is always below the retail price.

Why You Should Focus On Diamond Grading Report and Forgo the Cost of a Jewelry Appraisal

Getting a diamond appraised is only useful in instances when your jewelry is lost, stolen, damaged or another situation occurs where your diamond is covered by insurance. The diamond’s resale value, on the other hand, is the market value of the diamond. It is what a buyer is willing to give in exchange for it.

Since a diamond wedding or engagement ring appraisal is slightly inflated, it holds no market value. It would instead give you an unrealistic number for your resale. If you are looking to sell your diamond, the diamond’s resale value is of greater importance for you.


This article was written by Rae Steinbach. Rae is a graduate of Tufts University with a combined International Relations and Chinese degree. After spending time living and working abroad in China, she returned to NYC to pursue her career and continue curating quality content. Rae is passionate about travel, food, and writing.




June 19, 2019


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  1. Gayle says:

    I need your help! Next year is a big birthday 🎂 celebration for a group of us and want to spend it in Chicago. We use to visit your lovely city 4-6 times a year, but now Minneapolis has become so cosmopolitan the need is gone, but nothing like Chicago. We use to eat at the Bakery with chef Louie, I know he has retired, probably dead. Do you have any suggestion for restaurant and hotel. We always stayed at the Swiss Hotel. This is for 2020, we do have time ❤️

    • Susan "Honey" Good says:

      I would love to help you and meet you when you visit Chicago. I would recommend the following restaurants:
      RL’s or Shanghi Terrace ( outdoors) at the Peninsula Hotel for dressy evening. Gibsons Steak House for the best steak, Gene and Georgetti for the best Italian, Le Colonial for the best Asian. The Swiss Hotel is very nice and so is The Four Seasons and the Ritx. They are all in walking distance of the restaurants. Make your reservations well in advance. I hope I helped. Warmly, Honey

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