Diamonds are one of the most valuable and most stunning materials on earth. You will have to spend a huge amount on buying them. But, issues do happen in case of diamonds too. What if your diamond get chipped? You cannot simply throw it away, as you have spent a good fortune to own one. But now, there is no need to worry, as we list some effective solutions to deal with your chipped diamond.
Before you decide on a solution, it is important to know the characteristics of your diamond including its shape, value, nature of the damage etc. This will help you to decide what the best solution is for your chipped diamond is. If you are unsure about the value of your diamond you can use the GIA grading of your stone to determine the value.
What can you do with your chipped diamond?
If your diamond has insurance coverage, you can replace it without having to spend the money from your pocket. It is better to get your stone appraised by a gemologist or any other qualified experts for it to get the maximum value when replacing. It is better to buy insurance coverage which will fully cover you in case of the damage, theft, accidental loss of your stone, etc.
If you have a higher budget you can upgrade to a better and bigger diamond. If your existing diamond has GIA certification, it will help you to get the maximum amount for this stone when you exchange it.
Most people are not even aware of this option. If your stone is chipped, you can re-cut your diamond so that the chipped portion will be removed. However, you will have to pay an amount for re-cutting the diamond. The cost of cutting depends on the nature and severity of the damage.
Another problem associated with re-cutting is that you will lose a portion of your stone, and the loss will be determined based on the size of the chipping. You may lose 20% or more of your original stone. Also, when the size of your diamond reduces, it will not fit in the mounting. Hence, you might have to change your mounting too or adjust it in a way to fit the new size of the stone.
Cover it up
If the size of the chip is small, you can take it to a jeweler and ask them to turn it in the mounting so that the prongs will cover the chip. You can also change the setting of a diamond jewelry from a prong to bezel or some other designs that will cover the diamond more, so that the chipped side is less visible.