Shopping for diamonds is sheer exhilaration. The purchase itself can be incredibly rewarding. However, the decisions you have to make to get to that point can be confusing and frustrating. That’s because there are just so many stones, metals and designs you can choose from.
Now, add to all that the huge amount of both physical and online jewellery stores and just how much money is at stake. It’s huge pressure! With so much at stake, making the wrong decision and missing out on the best deal may be too easy. So, to make sure that doesn’t happen, here are our list of top mistakes in buying diamond which you should avoid.
1. Learn The 4 C’s.
If it was that easy, it would be great, and it can be. But you should understand that a small difference the quality of diamonds make a big difference in terms of price. The 4 Cs are important and refer to the carat, colour, clarity and cut. Consider wholesale diamonds Sydney investors can find at AE Design Jewellery to find out more about the 4 C’s.
2. Don’t Put Everything On The GIA Grading Report
The GIA grading reports aren’t the be all and end all for diamonds. In fact, the grading of diamonds is rather subjective. Mistakes can and do happen, and details can be missed. Even slight differences in grading can have an impact on price. Sometimes, the diamond grading may leave you thinking that what you have in front of you is the best deal, while it really might not be!
Overall, these reports don’t capture a diamond’s clarity grade based on its thick smoky cloud inclusion which can actually degrade the diamond’s sparkle and light performance.
3. It Matters Where You Buy The Diamond
Choosing where to buy the diamond is important, not just picking the right diamond. Plenty of people in the market are out there to take advantage. Sometimes, the diamonds you see advertised online aren’t the real deal. You need to have your wits about you.
Also keep in mind that some companies sell diamonds that are non-GIA certified. While the report isn’t the be all and end all, you’ll want to avoid accepting those not certified by GIA, as diamonds that are graded by other labs may be cheaper, but there’s often a reason for it.
4. Price Matters, Too
You need to keep in mind that your initial diamond purchase is only the first step. Once you’ve bought a diamond, it needs to be mounted on your metal of choice, maintained, and touch-ups made when needed. All this needs to be accounted for.
You’re going to need a reliable jewellery who gets that a diamond is the start of a life-long relationship. After sales, as reputable jewellers know, is critical. That’s also why it’s important that you receive the necessary warranties and protection policies and make sure there are return policies in place.
5. It’s Not About The Three Month’s Salary Budget
Finally, spending three month’s salary on the ring is just a marketing ploy. Ultimately, the decision is all yours.
Buying a diamond is a big deal, especially given how much money you’ll be spending. That’s exactly why you need to know what mistakes to avoid.