Buying a diamond is a big investment. You don’t usually buy diamonds every year. For some of us, it’s a once in a lifetime kind of thing. So, it’s not surprising that most of us don’t know what to look for or ask for when going to buy a diamond.
Avoid giving away your lack of knowledge on diamonds by asking your retailer these questions:
Diamonds aren’t cheap. We already know that. When you visit your diamond retailer, you probably already know what your budget is. If you don’t, we suggest you figure out your budget beforehand because when it comes to diamond, there are the very-expensive ones and the less-expensive ones.
Give the seller a ballpark figure. With a figure in mind, he will only show you design in your price range. Do a little higher than your range. Negotiate to bring down the price later.
The quality of a diamond is evaluated basically through the 4C’s. These are cut, clarity, carat size, and color. Based on your budget, you can go higher on the rating scale. Ask your seller if he has a grading report for the diamond you want to buy.
Do a little research before heading out. When you know your terms, the seller takes you seriously and you would be more likely to negotiate a better price. We even recommend looking online at diamond prices to see what quality you can get in your budget.
Certified diamonds weren’t a thing a few decades back. But, once consumers saw the degrading conditions that diamond mine workers were subjected to, and how many of the diamonds that reach the market are blood diamonds, many become skeptical about their diamonds. And hence the need for certification.
Diamonds that have been certified show the history of where the diamond came from. It shows the diamond isn’t stolen and won’t be sourcing wars through its sale.
The big diamond companies usually certify their diamonds to offer peace of mind to their customers. However, it will increase the price of the diamond. You can also get the diamond certified on your own.
Recently, many sellers have started stocking lab-created jewelry as the demand for these is increasing. Lab diamonds are man-made diamonds created in labs and are comparatively very cheap when compared to the actual diamonds. They are also always ethically sourced and environmentally friendly.
You might want to consider going for a lab diamond. They have the same brilliance and properties of a natural diamond, and you’ll get a better design at a lower price.
You might find it surprising but many good diamond sellers have payment plans for their diamond rings. Ask if your seller has one. You might want to consider buying your diamond on a payment plan if you have any budget constraints.
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