You’ve spent a lot of money on that beautiful, sparkling diamond, and you just love it. However, one day you take a closer look at it and see a small chip. Your stone is no longer perfect and while that little notch may be barely visible to others, it is not invisible to you, and that’s driving you crazy. What can you do?
Is There a Way to Repair a Chipped Stone?
Unfortunately, the answer is no. Once damaged, a stone cannot be restored to its previous integrity.
What’s even worse is that this diamond is now even more likely to break if hit again since its internal structure has already been weakened.
However, if your stone has been chipped, you still have several options.
Is Your Diamond Insured?
Some diamonds come insured against certain damage.
Check your insurance policy to see whether it covers accidental chips, scratches, etc.
You may need to talk to your insurance company to see if it will pay for a replacement stone.
It is possible that you can get a new diamond and save yourself a lot of hassle.
Exchange Your Diamond
You may be able to exchange your damaged diamond for a new one at the jewelry store.
However, that will come at a price.
Since a chip is considered a flaw in the stone, your diamond’s clarity rating will go down.
This means that the stone’s value will diminish.
Therefore, if the jeweler agrees to the exchange, you will be given a stone that is worth less than what you paid for your original diamond.
You can also get a better stone by paying additional money while trading in your old one.
In any case, only explore this option once you are certain that your insurance company will not cover the damage.
Why would a jeweler agree to an exchange?
Many jewelers will take the damaged stone, cut it again to eliminate the chip, and sell the newly formed diamond at a price lower than what the original was worth.
This brings us to your last option – having your damaged diamond recut.
What Is Recutting and How Can It Help Me?
Recutting is simply the process through which a jeweler creates a smaller stone out of a bigger one.
As the name suggests, the diamond is cut again, with part of it being eliminated, and the stone goes down in carat weight.
Lower carat weight means that your diamond also becomes less valuable.
How much value your stone will lose will depend on how serious the damage is.
The bigger the chip, the more of the diamond your jeweler will need to cut out.
What’s more, recutting will cost you additional money.
So, unless your insurance covers the damage, you will likely need to spend some money in order to alter the stone or get a new one.
If you don’t want to pay more and the chip doesn’t concern you much, you can always choose to live with it.
Whatever you do, always remember to handle your diamonds with care.
Looking to Sell Your Jewelry?
To sell diamond jewelry or watches, go to WP Diamonds and fill out the valuation form to get an estimated price.