ACCOUNTING FOR DIAMONDS FOR VALENTINE

It is only three days to Valentine!

To many couples and wannabe couples, Valentine’s Day is a more important and deeply observed occasion than Christmas and birthdays. It is an occasion for giving something very precious (and expensive?) and long lasting; thus, diamonds are the gifts and gems of choice (they are forever, aren’t they?).

Moreover, they are investments impervious to inflation and their values survive financial crises (like the subprime crisis).

To avoid being duped (and later embarrassment if/when the recipient discovers that the alleged diamond is synthetic or something else), two must-do safeguards are:

a certification from the Gemological Institute of America or the American Gem Society

appraisal by an independent gemological expert.

If the store does not agree, look for another store that does. This doesn’t mean that the store is selling fake diamonds. But, you need the safeguards for your peace of mind.

Image from Microsoft Clipart