• Value – Retail value versus wholesale value. 

Let’s get straight to the heart of the valuation issue. You or the purchaser of your ring may have paid retail price for the diamond, but that is now, unfortunately, a “sunk cost”. The retail price is markedly higher than the wholesale price, sometimes multiples of the price for some diamond jewelry, especially if it is from a high end brand. Add to this the other mark-ups in the chain…and you have a significant differential between the price you paid for the piece and its resale value now.

A good analogy is driving a new car off the lot; your purchase no longer holds the same value. With diamonds, it’s even less…

That being said, if you bought it many years ago, you might have more than recouped the difference. Diamond prices can rise significantly during boom years, so if you timed the purchase right, your assets could even have appreciated in value.

  • VS clarity grade of Very Slightly Included (VS1 and VS2)

The clarity grade of a diamond is a measure of how included the stone is. Diamond inclusions are blemishes, imperfections or flaws in the stone. These impact the visual appeal of the stone and therefore detract from the value. Clarity grades range from IF to I3, with IF (Internally Flawless) being the highest grade and I3 (Inclusions are eye visible) being the lowest grade. VS means that the diamond is very slightly included, these are most likely not eye visible imperfections. A gemologist would have to examine the stone using a loupe to detect them. While this is a good clarity grade, and although the inclusions cannot be seen with the naked eye, these flaws are nonetheless present in the stone and therefore it will impact the price.

  • VVS – clarity grade of Very Slightly Included (VVS1 and VVS2).

VVS is the clarity grade about VS. There are a great many different types of inclusions, and clarity grade is established based on the number of inclusions, type of inclusions, size of the inclusion and location of the inclusion. Some of the most common inclusions found in diamonds include: feather, chip, cavity, bruise, needle and crystal