Guide on Buying Diamonds Without Going Broke
February 15, 2021

Guide on Buying Diamonds Without Going Broke

Buying a diamond isn't something that you get to do every day. if you’re just looking for an engagement ring. The industry is notorious for fakes and you don’t want to find yourself in a situation where you've wasted thousands of dollars on a fake piece. If you’ve never bought a diamond before, you’re in the right place as we’re going to guide you through the process.

Guide on Buying Diamonds Without Going Broke

Compromise But Carefully

There is no denying that diamonds are costly. For a first-time buyer, you might find that diamonds are more expensive than originally anticipated. That’s why it’s important to take an honest assessment of your finances to determine if you can really afford the diamonds. You can save up for the piece that you want once you’ve identified the piece that you’d want to buy. The prices should be clear on a diamond jewelry store site any time that you’re out shopping.

You might have your eyes set on a piece of a diamond but can’t afford it even if you save for years. This will mean making compromises. It shouldn’t be confused with going for low-priced diamonds. You can still get quality diamonds if you go for the low carat weight.

Alternatives to Mined Diamond

For engagement stones, there are several alternatives that will be just as good and there is no need to spend a fortune on mined diamonds. Lab-made diamonds have been gaining popularity in the last couple of years. You get the same durability and aesthetics but pay more than 30% less. It will also be impossible for a regular person to distinguish them from mined diamonds.

Cut Quality is Everything

When you buy diamonds, don’t forget to ask for the grading report to ascertain the quality that you’re getting. Ideally, the cut quality grading should be from a reputable laboratory. You know you’re getting a good stone if the report is from the Gemological Institute of America.

The report will contain all the details you’ll need to gauge the quality of the diamond. The most important quality you should be looking for when buying a diamond is the cut. The imperfections and color will not be as noticeable if the diamond is well-cut. Make sure that the cut quality is high when shopping for diamonds.

Different Shapes

You shouldn’t expect diamonds to come in one shape. A lot of consumers will prefer diamonds in a round shape but they can always be altered to meet different requirements. You can decide to go for non-round shapes if you’re looking to differentiate yourself from the crowd. You can also get some discounts which mean more money saved.

Carats Have The Biggest Influence on Price

Carat weight has more influence on the price of the diamond compared to the appearance. That is why a lot of people will be focused on the carat quantity when shopping for diamonds. If you’re thinking about saving, you can drop to a lower carat diamond.

Color and Clarity

There is no need for going for something complicated as the color and clarity can be kept simple without the piece losing its sophistication. When it comes to color, you can either get a diamond that is colorless and one that is not.

A good diamond is one that appears flawless even to the naked eye. If you can't tell the difference, it’s recommended that you consult with someone that is familiar with diamonds. You don’t want to try and figure out everything on your own when you have little time to make the purchase.

Jewelry Style

If you’ll be buying the diamond as an engagement ring, you’ll need to figure out the ring style. You want to get a style that is reflective of the personality. The ring style will make a big impression on how you feel about the diamond. The good thing is that there are stores that will offer different types of jewelry because they’re aware that people have different types of styles and preferences.

Do Research

Last but not least, take your time with the research process.  Since you could be spending thousands on a piece of diamond, it’s important that you’re getting your money’s worth. Only buy from reputable brands so that you’re not getting fake products. You don’t want to be cutting corners or penny pinching if you’re to get a quality diamond. You shouldn’t expect to be an expert in a short amount of time regardless of the amount of research that has been done. When unsure, reach out to the real experts.

 

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