Facts of Buying Diamonds Online
Like buying anything else online, if you are considering purchasing diamonds online, you could be about to have a wonderful experience, while at the same time, unless you know what to look for and how to differentiate between the good deals and the get rich quick scammers, there is a wide variety of information that you should be generally well-versed in. First and foremost, buying diamonds online is extremely safe, and although it may seem strange to purchase something so valuable online, it is truly the best option when it comes to buying some of the most beautiful diamonds on the market, at a price that could only be dreamed of!
Here are some the clear advantages and potential disadvantages that purchasing diamonds online may offer or bring to you:
Advantages
- The prices of internet sold diamonds tend to be extremely competitive as a result of the lack of overhead costs many of the diamond distributors incur. Furthermore, purchasing diamonds online could potentially save you a significant amount of money on taxes and fees you might encounter at your local jeweler
- There are so many options out there, why would a consumer limit themselves to just the local jewelry stores in their immediate vicinity to find the perfect diamond. The internet has opened up a whole new world of purchasing options to online diamond buyers as quite often many diamond companies and wholesalers will list their inventory in its entirety offering up an endless stream of potential purchasing options
- The ability to compare and contrast diamonds online has taken a huge leap forward with the advancements in the photography and computer screen technologies. As a result of these advancements, you can simply and easily compare and contrast diamond from the comfort of your own home or wherever you have internet connection. Essentially you are now a de facto diamond expert who because of the internet has the ability to pick and choose only the best of the best when it comes to purchasing a diamond(s)
Disadvantages
- For all of the advancements and options that the internet offers you when looking to purchase diamonds, you still can’t be completely one hundred percent certain that you are getting what you are paying for until you actually receive the product and can feel and examine it in real life
- Many people only feel comfortable spending the kind of money that a diamond costs from vendors who are reputable and respected. Ultimately, it will be difficult if not downright impossible to identify the vendor who is selling the diamond you are looking to purchase.
- Many local jewelers offer some sort of warranty or cooling off period in which the diamond can be returned for a full refund for certain reasons and circumstances. Getting your money back on an online purchase can prove to be a far greater challenge
Prepare Yourself
Like any other important life decision, when purchasing a diamond, you need to do your due-diligence. Meaning, spend some time researching what it is you are looking for. What makes one diamond a better deal or more valuable than another diamond? Learn about the four C’s (Cut, Clarity, Color, Carat Weight), and understand what a pavilion angle or a crown are. Failure to prepare means preparing to fail.
Does it Make the Grade?
Since very few of us know even the most basic of facts when it comes to diamonds, there are well-respected and widely accepted independent laboratories. The most famous and well-known are the GIA (Gemological Institute of American) and AGS (American Gemological Society) which are considered to be the most consistent and reliable in terms of their diamond grading standards.
Go Independent
Still not comfortable with your personal ability to identify a good diamond versus a bad one, there are a large number of independent appraisers who can help you to identify the important characteristics to look for. Many times, you can even have the diamond appraised prior to agreeing to purchase. Independent appraisers will verify that the independent grading lab’s analysis of a diamond, along with helping you to understand other values of a particular diamond like potential structural problems within the diamond itself, evaluate the diamond’s “beauty” and help you to determine what a fair price for a particular diamond would be to purchase.
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