Whether you have been given a piece of heirloom jewelry or have recently divorced, you might want to take the diamonds and have them reset into a new ring. There are many reasons for wanting to reset a diamond. Research different types of ring settings and styles, keeping your lifestyle in mind. Consult a professional jeweler when resetting a diamond and always have your stone appraised before moving forward.
Find a qualified appraiser through the American Society of Appraisers, the International Society of Appraisers or the American Gem Society. These organizations have "find an appraiser" search functions on their websites. It is important to have your diamond appraised to learn the value of the stone, which you will need for insurance purposes. The appraisal will note any damage to the stone and help identify the diamond in the event that a jeweler tries to switch diamonds.
Ask family and friends for recommendations on a reputable jeweler. Learn the jeweler's experience with resetting stones, and do not be afraid to ask for local referrals. Work with a jeweler only if you are 100 percent confident that your diamond is in trusted hands.
Bring your diamond and the appraisal to the jeweler. He or she will be able to tell you which settings will work best for your stone. Some settings are not feasible, depending on the shape, size and condition of the stone. Keep your daily activities in mind when selecting a new ring; if you work with your hands, for example, a tall setting could easily catch or get banged up. If you plan on wearing a wedding band with the ring, choose a setting that sits flush with the band.
Ask to view your stone under a microscope before leaving it with the jeweler. This will allow you to see the specific shape and color of the stone, along with any flaws or imperfections in the stone, as noted on the appraisal. When you pick up the new ring, look at it under the microscope again and compare the diamond against the first viewing.
Take your ring to be reappraised once it is in the new setting to confirm that the stone you received is the same one you gave to the jeweler.
Match the value of the diamond with the value of the setting. For an expensive diamond, look at high-quality gold or platinum settings. If the value of the diamond is lower, a quality silver setting may be more appropriate. Your options don't have to be limited to rings. A diamond can be used in pendant, broach, or bracelet.
Other precious jewels can be combined with your diamond. Think of old jewelry you own but don't wear; look for rubies, emeralds or sapphires that could be paired creatively in a new ring or other piece of jewelry.
If your diamond is in poor condition, it may not be possible to reuse it in another ring without further damaging the stone.
Altering an heirloom diamond can be a sensitive matter. If you have inherited a diamond passed down through generations and want to have it reset, discuss the situation with your family before removing the stone. This will avoid conflicts or hurt feelings.