Things you should know before buying a diamond
It's about the 4Cs and so much more when buying diamonds.
Many factors contribute to the price of a diamond — its scarcity, the manner of mining the stone, and the long process of cutting and polishing one to show its beauty and radiance.
Here are some things you need to know before purchasing a diamond to ensure that you get your money's worth.
BE READY TO COMPROMISE
You already know that a diamond is expensive. However, the price may still shock you when you are already at the jewellers and looking at the pieces. Ensure that you review your finances and give yourself a budget beforehand. Figure out what you can afford, as it is easier to compromise than be in debt.
Research is also essential. For instance, it is better to compromise slightly on the stone size rather than quality. There are so many things to know about diamonds, especially the 4 Cs they are known for, so see here for more information.
THE QUALITY OF THE CUT IS KING
Ensure that the diamond you purchase comes with a grading report from reputable organizations like the American Gem Society (AGS) or the Gemological Institute of America (GIA).
The report should include various details, such as the four Cs (cut, carat, clarity, and colour). The cut is the most important among the four grades since an excellently cut diamond will make the clarity.
DIAMONDS HAVE SEVERAL SHAPES
Most consumers prefer round diamonds. But diamonds come in various shapes, and some look more astonishing than the round ones. Likewise, their no-round shape makes them appear larger, even if they are of the same carat weight. Round diamonds are the most popular, but when you are shopping, consider looking at the other exquisite shapes.
CARAT IS A SIGNIFICANT CONTRIBUTOR TO THE DIAMOND'S PRICE
Diamond pricing depends primarily on carat weight. However, you should understand that diamond pricing is complex.
The cost of a one-carat diamond is not equal to double the price of a half-carat stone. At the one-carat benchmark, the price per carat increases, and it grows exponentially as the carat weight becomes higher.
CONSIDER COLOUR AND CLARITY CAREFULLY
As mentioned in the first tip, you should learn to compromise. Make your decision simpler. Choose whether the diamond is colourless or not. Do the same for clarity. Choose whether to go for flawless or not. Why should you pay more if your eyes cannot distinguish the difference?
You do not have to pay for a D grade when an H grade piece looks the same. A flawless (F) quality diamond demands a high price. A diamond with an SI1 grade appears flawless to the eyes, so consider the savings you will get instead of paying extra. Most people want to own at least one piece of diamond jewellery, but you have to consider many factors when shopping for diamonds.
For example, consider the ring design and setting for engagement rings. Purchase diamonds only from a reputable jeweller that can offer you guidelines, tips, and help you choose the perfect diamond jewellery you want.
