Diamond Buying Guide

how to buy
a diamond in 5 steps

Make buying diamonds easy with our diamond buying guide

Loose diamond buying guideIf it is your first time purchasing a diamond you might feel slightly overwhelmed by all the information available regarding diamond quality, diamond grading reports, online jewelers versus traditional jewelers, how to manage your budget, investing in diamonds, the different ring designs and many other things. But don’t let this discourage you. In fact, you’ll find that buying diamonds is not as complex as it sounds after reading our diamond buying guide: how to buy a diamond in 5 steps.

Step 1: Understand the 4Cs, the diamond quality features

To fully understand diamond quality, value and price, you need to know what exactly the 4Cs represent: Carat, Color, Clarity and Cut.

Carat refers to the weight of the diamond, with 1 carat equivalent to 200 grams. Generally speaking, the higher the carat weight the more expensive the diamond. Yet two 3 carat diamonds can have very different prices when the other 3 Cs are taken into consideration.
Color grade refers to the absence of color present inside the diamond. Graded diamonds are categorized on the color grading scale that ranges from D to Z, with D being colorless and the most desirable. Most commonly, people buy diamonds between F and I as the color hue is invisible to the naked eye both in loose diamonds as well as mounted diamonds.
Clarity grade assesses the size, placement and size of internal flaws (inclusions) or external blemishes. The clarity grading scale ranges from F to IF (Flawless; Internally Flawless) to I3 (Inclusions). Most people buy diamonds between the VS2 and VVS2 range.
Cut grade refers to the symmetry, measurements and arrangement of a diamond’s facets. The intensity of brilliance, sparkle and fire is determined by the cut. The grades range from Excellent to Poor. Diamond cut may also refer to diamond shape such as Round Cut, Princess Cut or Pear Shape..

Step 2: Look for loose diamonds at wholesale prices

Buying wholesale diamonds essentially means you are buying diamonds at a stage in the supply chain before they end up in retail stores and diamond shops. Buying loose diamonds means you get there before they are sent to jewelry manufacturers. By eliminating the middle men between you and the diamond you are saving yourself up to 50% off retail prices. Go to the overview of diamond prices to see the current wholesale prices for loose diamonds available on the market today.

Step 3: Purchase certified diamonds only

Always insist on buying loose diamonds that are issued with a genuine certificate. When a gem lab grades a diamond, it issues a certificate that denotes the diamond’s qualities such carat weight, color, clarity and cut grade as well as other aspects such as measurements, polish and fluorescence. When it comes to certified loose diamonds, we strongly advise you to go for a GIA certificate. The GIA is the number one authority on grading diamonds and is regarded as the most accurate source upholding the strictest standards in the industry.

Step 4: Source from an online diamond shop

Only buy loose diamonds from a source that can live up to the previous 3 steps: they must be recognized diamond experts; they must offer loose diamonds at wholesale prices; they must work in a transparent manner with genuine diamond certificates. When you talk to real diamond experts, they will be able to explain to you the difference between two similar diamonds, and they will be able to show you a range of diamonds within your budget range and preference. Besides this, buying from an online source will save you even more on your final purchase because of reduced overhead costs and less spending on advertising.

Step 5: Have it insured and enjoy your beautiful diamond

Before you flaunt your new 3 carat diamond ring, or pair of Pear Shape earrings, have your new purchase insured. Just to be sure that if anything should happen to your beautiful diamonds, you will be able to retrieve your loss. Having a GIA certificate on hand will be a great help to have your diamond insured, as the GIA is regarded as the most authoritative source on diamond grading and they laser every diamond with a unique identification code. Lastly, enjoy your beautiful new purchase.

Ask for a free quote to have our diamond experts search for the perfect diamond available within your budget range. After receiving your request, we will contact you to discuss further details and give you the exact wholesale prices available for your loose diamonds.

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GIA Jewelers Board JBT Website