Buying a loose diamond entails a lot of time and research. It is not only a great monetary investment but is also a great way to buy quality diamonds. However, before you step out to buy one, you need to understand that there are several features that determine the value, quality and price of loose diamonds. You need to imbibe yourself on the 4C’s of diamond and how each of the four main characteristics affects the price and quality of the diamonds. Once you are well acquainted with all the factors, you will be in a position to distinguish between the different varieties and choose the one that best meets your requirements.
Advantages of Buying Loose Diamond:
There are several reasons why buying a loose diamond is the most favored choice amongst the diamond buyers today. You can inspect the quality of the diamond in all its entirety because most of the flaws and inclusions are covered after a diamond is set. Loose diamonds are customizable and you have the liberty to set it in a variety of ways. They are handy and can be kept forever.
Types of Diamonds:
Before anything, you need to understand that the diamond industry has divided diamonds into four main categories. They are the natural diamonds, rough natural diamonds, enhanced natural diamonds and lab-created diamonds.
Now that you have the basic knowledge, the following step-by-step guide will further aid you in buying a loose diamond of your choice:
- Decide your budget: The first step lies in determining your budget. Though loose diamonds may appear less expensive than a preset diamond, the price can soar under various circumstances. So you need to plan ahead to avoid getting disappointed or surprised.
- Know that it is a time consuming matter: Buying a loose diamond is a time consuming matter. You cannot expect to come across a large selection of loose diamonds when you visit a jeweler. They may or may not have the required type of diamond in stock. It is also possible that you may need to order beforehand and hence, it will be a matter of a few weeks for the expected stones to arrive.
- Consider the shape and 4C’s: As a part of some pre-preparations, ensure you know the diamond shape you want. The diamond market is flooded with different diamond shapes; round brilliant cut, cushion cut diamond, princess cut diamond, marquise cut diamond, radiant cut diamond and the like. Each diamond shape caters to a certain personality trait and has a certain story to narrate. Make sure you choose the one that is most apt in your case. Apart from the shape, the size/carat of the diamond is also an important factor to consider. Remember, bigger is not always a better diamond. You need to know how to get the stone you so desire without breaking the bank. Whether you want a high-quality diamond or a big diamond depends on your preferences and hence, pre-education is a must in this regard. Do not get lured by incorrect sales pitches.
Shop Smart and Get Verification: Lastly, be smart and ensure that you have all the necessary knowledge that is required to make the right choice. Do not rely on other’s suggestion nor depend on vague knowledge. You need to also verify the fact that your diamonds are certified by reputed diamond laboratories like GIA, IGI, EGL OR AGS.
