How to Buy Loose Diamonds without Getting Scammed

Sharif Khan
Sharif Khan
Last Updated    EST 
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There are numerous avenues to consider when purchasing loose diamonds in order to obtain the best value for your money. The ideal approach to tackle this daunting task is by first educating yourself. Diamond quality factors, such as color, clarity, cut, and carat weight, can either enhance or diminish the stone's value.

Once you have determined the type of diamond you desire, you can begin searching for the best place to buy diamonds. The internet is replete with valuable information, and a growing number of people are now opting to shop online, with diamonds being no exception.

You might be astonished by the abundance of online diamond retailers available. This number is increasing exponentially each year, leading to heightened competition that significantly drives down prices for all items, thus making online shopping exceedingly popular.

Buying online also stands as the optimal choice, as it enables you to compare various options with a broader inventory. Moreover, online prices tend to be lower due to reduced overhead costs.

Finally, familiarize yourself with the seven most crucial quality factors to consider when purchasing diamonds.

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Preparing to Buy a Diamond

Buying diamonds is more complex than it might seem at first glance. You will be required to know about and understand diamonds first. Besides, you must know how diamonds are graded and whether you should buy a diamond already set in jewelry or a loose one.

James Allen Diamonds In HD

Before buying diamonds, one of the first tasks is to look at every option. First and foremost, see what you can afford to spend realistically. There is no point in putting yourself into significant debt by buying diamonds that might take years to pay off. Be sensible and see what you can afford.

If you consider buying diamonds that are termed "loose," the benefit will be that you can use them in any setting you desire. However, you must have some experience in buying loose diamonds. This task is generally left to experienced diamond buyers. Therefore, asking a qualified diamond buyer to help you choose a perfect diamond would be advisable, or you could be talked into a bad deal.

If you are looking for a unique customized ring, it is also possible to find a diamond already set in jewelry. One of the best places to search when buying diamonds in this manner is the internet. Information is readily available, and many websites sell diamonds; your selection will be overwhelming.

These online stores have a large variety because they do not have the costs associated with a large physical store. They can thus afford to stock more inventory, enabling them to drop their diamond prices as the jewelry turnover rolls much faster.

By taking your time when buying diamonds online, you will undoubtedly uncover that original and unique gem at a fraction of the cost. Browse a couple of online retailers and track which sites have the best selection and attractive prices. Afterward, refine your search until you can finally narrow your choices to within a few items.

By starting your research well ahead of time, you will have enough time to find a perfect wedding or anniversary ring. When it comes to buying diamonds, it pays off to shop early and not be in a rush. Taking an experienced buyer with you or simply asking questions to seek advice will not harm you and is highly recommended.

Whichever option, loose or set, is more feasible for you when buying diamonds, you are guaranteed to make an investment that will last a lifetime in pleasing your loved one.

Checklist for Buying a Diamond Online

Before making any purchase, ensure that you:

  1. Know basic information about diamonds: their claritycarat weightcolor, and cut.
  2. Remember that each diamond should have its grading repor or certificate of authenticity.
  3. View and then compare the stocks available at websites and, relying on specialists' and clients' testimonials, determine the best option.

By possessing such valuable information, you will manage to protect your finances and get the highest quality diamonds for the money you pay.

While buying, never grab the very first diamond that seems appealing. Compare shopping and find the best deal for the same item.

Diamond Cheat Sheet Blue Nile

Buy A Certified Diamond

Always ensure that you buy a diamond that has been certified. Diamonds from lower-quality labs may seem cheaper, but they are too inconsistent to take a significant risk. AGS and GIA are the best grading labs

Selection & Prices

Buying diamonds online from a reliable and trustworthy website is not only safe but also beneficial. One can easily find the best cut diamonds online because many vendors list all wholesale inventories. Most local stores buy more popular and appealing ones and always prefer to stock the best-cut.

As for the diamond prices, it is essential to note that internet prices are competitive due to the lower operating cost. Therefore, when you see diamonds at low prices, it does not mean the vendor is trying to sell you anything cheap. Besides, many internet dealers maintain their inventories. When buying online, you save on taxes by getting the diamond you chose shipped to you from another state.

Pay via Credit Cards to be on the Safe Side

Did you know that credit cards give protection? When you have any doubts, pay via your credit card. If you dislike or have not received the purchase, you can contact your credit card provider, investigate, and refund your money. However, it is also imperative to remember that there is a time limit (60-100 days), which depends on your credit card provider.

Be Ready for Delays

When buying anything from an online store, you will often find delays occurring, and only in sporadic cases will your purchase be delivered to you on time. There is no need to get worried if there is a shipping delay of a few days. Though an online purchase can be made automatically, it does not mean that the process that follows it is straightforward. Preparing the required papers takes time and sending the diamond to the buyer's place.

What are some of the most famous diamonds?

When talking about diamonds, De Beers' classic advertisement says a diamond lasts forever, suggesting that a diamond ring is proof of love.

worlds biggest and most expensive diamonds

The following are the top ten most expensive diamonds across the world:

1. The Star of Africa

The Star of Africa is the biggest cutting diamond in the world. It is cut by an American company that can only decide the suitable cutting method once they study a stone for six months.

2. The Koh-I-Noor diamond

It has the oldest recorded history and is believed to be a present given by God to one of his loyal followers. Its earliest record can date back to 1304. When Victoria Queen was on the throne, it was processed again and then inlaid on the Queen's crown. It weighs 108.93 carats currently.

3. Excelsior Diamond

Excelsior Diamond is one of the world's biggest diamonds, the second biggest diamond.

4. Great Mogul

Named after Shah Jahan, the maker of the Taj Mahal, the Great Mogul was found in India in the 17th century. However, it has disappeared now. Some people say that it has been re-cut and that the Koh-I-Noor diamond is a part of it.

5. Idol's Eye

It is a flat, pear-shaped diamond weighing 70.2 carats and equaling an egg's size. The legend says that Turkey's king gave it as a ransom to Kashmir's chief because the chief arrested Princess LeiShu.

6. The Regent diamond

It was found at the place near Valley Kangda in 1702 by an enslaved Indian. It is famous for its rare clarity and perfect cutting and is undoubtedly the most beautiful diamond globally.

7. The Orlov diamond

It is the world's third-biggest cut diamond, with a slight blue-green tint. Its clarity is the most particular, the same as other beautiful Indian diamonds.

8. The blue Hope diamond

It is believed that it has the same features as the famous Tavernier blue diamond. It was brought to Europe from India in 1642, having once belonged to the French king Louis XIV. Today, you can see it at the Smithsonian Institution in Washington.

9. Sancy Diamond

It was first owned by Charles Bold, Duke of Burgundy in France, who lost it during a war in 1477. Considering its light yellow color, it can be inferred that it must have been produced in India. It is said that it is the largest diamond cut with a symmetry facet.

10. Le burton diamond

It was found in Transvaal in South Africa in 1966. Richard Barton spent 11 million dollars buying it and sent it to Elizabeth Taylor and then renamed it Taylor Barton