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When the price of diamonds is over $50,000, the high cost of shipping and insurance requires special shipping arrangements or travel on your part. Depending on the cash price for the specific diamond, there are special policies for allowing you to examine the diamond.

We find that with high value diamonds, almost every situation is unique in terms of the wholesalers requirements, the location of the diamond, the location of our client and timing requirements for the inspection. The following policies are general guidelines that Diamond Source of Virginia has established to ensure a safe and effective way for our clients to examine high value diamonds before they purchase.

$50,000 to $75,000 Price Range

When the value of diamonds goes higher than $50,000, some cutters and wholesalers require that retailers like Diamond Source of Virginia wire payment for the diamond in advance of shipping the diamond to our office so that we can inspect the diamond.

If diamond owner (cutter or wholesaler) requires deposit in advance of shipping, at Diamond Source of Virginia’s discretion our client may be required to wire deposit in advance of ordering the diamond for our inspection.

We carefully inspect the diamond to ensure it is the quality indicated by the GIA or AGS grading report and the beauty our clients expect for the price of the diamond. We discuss the findings of our inspection with our client before getting credit card authorization and/or a deposit necessary to ship the diamond to our client to examine.

If our client returns the diamond after it has passed our thorough inspection, they are responsible for paying about 0.6% of the cash price of the diamond to partially cover shipping insurance costs. This would equate to about $300-$450.

$75,000 to $100,000 Price Range

Wire deposit is required in advance of ordering the diamond for our inspection.

We carefully inspect the diamond to ensure it is the quality indicated by the GIA or AGS grading report and the beauty our clients expect for the price of the diamond. We discuss the findings of our inspection with our client before getting credit card authorization and/or a deposit necessary to ship the diamond to our client to examine.

If our client returns the diamond after it has passed our thorough inspection, they are responsible for paying about 0.7% of the cash price of the diamond to partially cover shipping insurance costs. This would equate to about $525-$700.

Greater than $100,000 Price Range

The policies for diamonds valued at over $100,000 depend on the where the client wants to examine the diamond.

If the diamond is examined at the wholesaler’s location:

  • Client is responsible for making appointment and paying for the services of an independent appraiser if those services are required.
  • Wire payment is required before the diamond can be released to the client.
  • Client will pay the cost of shipping the diamond to a different location if required.

If the diamond is examined in Richmond, Virginia at Diamond Source of Virginia’s office:

  • Wire deposit is required in advance of ordering the diamond for our inspection.
  • Client pays the cost of shipping the diamond to a different location if required.

If the diamond is shipped to you after passing Diamond Source of Virginia inspection:

  • Wire deposit is required in advance of ordering the diamond.
  • Client pays the cost of shipping and insurance to location of their choice and the return shipping and insurance if not purchased.
  • For returned diamond, the amount of the deposit less the cost for shipping and insurance will be wired back to client upon arrival of diamond back to Diamond Source of Virginia in its original condition.

Price Increases

The price of diamonds has been rising in recent years and the increases occur numerous times during the year. We try to keep the most accurate prices possible, but have no control over when or how much prices are increased by the cutters and wholesalers. For these high value diamonds, a price increase can be thousands of dollars. When we call to check the availability of a diamond, we confirm the price as of that day. The final price of the diamond will be the price on the day the diamonds are reserved for our inspection. We will notify you immediately if the price has changed from a previous quote.