Mistakes to Avoid While Buying Diamonds

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Buying the perfect engagement ring might be a difficult task considering the various hidden traps in the diamond market. Therefore, you need to be mindful of where you invest, especially when you buy loose diamonds. Below are a few common mistakes that you need to avoid when you purchase your diamond engagement ring.

Do Not Shop without a Budget

One of the first and most obvious mistakes that you may make is that you go into a store without a clear range of price in your mind. By having a budget range, you will not only get the best choices within your range, but your jeweler will be able to serve you better as well.

Even with a budget in their minds, many people spend more money on their diamond jewelry that what they intended to originally. It is certainly a matter of personal choice as to how much you want to spend on your ring. However, do fall for marketing techniques like going for top quality stones or spending two month’s salary on your diamond engagement ring. Instead, bear in mind your financial responsibilities first, and then make a decision accordingly.

Do Not Blindly Fall for the 4 C’s

Calculating a diamond’s worth depends on the 4 C’s usually, at least that is what most people think. Yet sometimes, this might be yet another tactic to make more profit.

To understand this better, consider an example of two diamonds of different qualities. The one with the higher quality, according to the grading report, might be pricier than the low quality gemstone. However, what is unknown to most people is that the “imperfect” gemstone can be set expertly in a suitable setting too, thereby making sure that there is little to no difference between the two stone when viewed with naked eyes. In fact, by choosing the gemstone of lower quality, you can save thousands of dollars.

Do Not Believe until you See your Diamond

Many people buy diamonds online nowadays. While there are several trustworthy diamond dealers who provide online services, there are also fraudulent sellers. Besides, there are also reports of people receiving faulty diamonds or a different product from what was promised to them online. Thus, you should only finalize your purchase by seeing your diamond.

When you are buying diamonds online, make sure that you buy from a dealer who offers proper replacement policies. This will ensure that you are able to return your diamonds if you find them faulty or of low quality.

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