How to buy a Diamond Ring without getting duped
How to buy a Diamond Ring without getting duped
Posted by Sharif Khan on 7th Jul 2021
Diamonds are girls' best friends, which is why finding one as a symbol of your lifelong commitment can be one of your primary objectives. When searching for the best place to buy diamonds, there are many avenues to choose from to get the best value for money.
The ideal way to go about this overwhelming task is to first educate yourself on buying a diamond. Diamonds are graded into categories according to certain elements, such as diamond color, clarity, cut, and carat weight. Each one of these factors and elements can either add or detract from the value of the stone.
Once you have decided what type of diamond you are looking for, you can start searching for the best place to buy diamonds. The internet is full of excellent information, and many people are shopping online nowadays; diamonds are no exception. You might be surprised by how many online diamond retailers you can find. This number is increasing exponentially every year. This results in competition, which drastically reduces prices on all items, making this online shopping method extremely feasible.
An overview of the diamond distribution system is needed to have a common point of reference when these terms are used. Diamonds come out of mines (the source) and then make their way to diamond cutters—this is the manufacturer level.
GET THE BEST WHEN BUYING DIAMONDS
Do you want to get the best when buying diamonds? Where do you find the best? And further, how do you save? Let us discover more here.
The first place to find good diamonds is through a store. A local jewelry store is a great way to find one and get it there and then.
When buying from a trusted jewelry store, you can be confident that the diamond you wish to buy is genuine and has a certificate of authenticity. Besides, since this applies to most countries, it is always an excellent option to consider.
Buying online is another option. Since the internet started becoming popular over the last decade, sellers started creating websites that allowed online buying.
You may now proceed with buying diamonds online. As a result, you will be able to save a significant amount of money given that no extra charges go into online selling.
There are a lot of stores, which is why research is vital. This process does not have to take much time; it can be a quick process.
When you go to a local store, the process can take up an hour or more, whereas the internet allows you to search through several stores and find savings within an hour.
Though buying diamonds on the internet will not be as instant as buying through a store, the savings make it worth the few days' wait for arrival.
CHOICES FOR BUYING DIAMONDS - LOOSE OR SET?
Buying diamonds is not as simple as 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.
One of the first tasks to undertake before buying diamonds is to look at every option. First and foremost, see what you can afford to spend realistically. There is no point putting yourself into major debt by buying diamonds that might take you 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 will be able to use them in any setting you desire. However, you must have some sort of experience in buying loose diamonds. This task is generally left to experienced diamond buyers. Therefore, it would be advisable to ask a qualified diamond buyer to help you choose a perfect diamond, 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 that is 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 there are many websites selling diamonds; your selection will be overwhelming.
These online stores have such 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 turnover of the jewelry rolls at a much faster pace.
By taking your time when buying diamonds online, you will undoubtedly uncover that original and unique gem at a fraction of the cost. Browse through a couple of online retailers and keep track of which sites have the best selection along with the most attractive prices. Afterward, refine your search until you can finally narrow down 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 in seeking advice will not do you any harm 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.
THE MOST EXPENSIVE DIAMONDS ACROSS THE WORLD
When talking about diamonds, ladies must be amazed and would not help screaming because they are most ladies' favorite. De Beers' classic advertisement says that a diamond lasts forever, suggesting that a diamond ring is proof of love. Although a diamond is expensive, many gentlemen still choose to buy and please their beloved.
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 cannot decide the suitable cutting method until they study a stone for 6 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 biggest diamonds; the second biggest diamond in the world.
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 Princess LeiShu was arrested by the chief.
6. The Regent diamond
It was found at the place near Valley Kangda in 1702 by an Indian slave. 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 third biggest cut diamond in the world, having 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 the 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.
IS IT SAFE TO BUY DIAMONDS ONLINE?
Online deals seem to be too risky and unreliable, especially when it comes to significant expenses like diamonds. Is it safe to buy diamonds online? This question interests many people, and the answer to it is YES. As a buyer, you should cooperate with reputable vendors and never buy huge diamonds from the dealer upon your first visit. Start with a small purchase and proceed if you are satisfied with what you have acquired.
You can get anything you need—rings, earrings, bracelets, and diamond jewelry safely, and that too at discount prices at times.
Research and Educate Yourself
Before making any purchase, ensure that you:
- Know basic information about diamonds: their clarity, carat weight, color, and cut.
- Remember that each diamond should have its certificate.
- 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. Do comparison-shopping and try to find the best deal for the same item.
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 simply too inconsistent with taking a significant risk and buying the diamond that has never been seen.
Selection & Prices
Buying diamonds online from a reliable and trustworthy website is not only safe but also beneficial. When shopping online, one can easily find the best-cut diamonds because many vendors list all wholesale inventories. Most local stores buy more popular and appealing ones and never desire to stock the best-cut.
As for the 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 that 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 that you have chosen 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 do not like the purchase or have not received it at all, you can contact your credit card provider, investigate, and refund your money. However, it is also imperative to keep in mind 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 couple of days. Though an online purchase can be made automatically, it does not mean that the process that follows it is straightforward. It takes time to prepare the required papers and send the diamond to the buyer's place.