If you are looking to buy diamonds in 2020, you are not the only one. Interest in diamonds among global buyers has surged in 2020, with demand partly driven up by a restriction in supply following the economic crisis. While diamonds are not good investment vehicles, they are a timeless statement of luxury that will always have a high value.
That is why it is important that you understand what a diamond is worth and how to purchase diamonds the right way. Avoiding poor quality gems and fakes while ensuring excellent value for money is a skill when buying and trading diamonds. That is why we are here to help. Read this essential diamond buyer’s guide to find out more.
- Know the Four C’s
Before you attempt to purchase diamonds, the most fundamental thing you need to understand are the so-called ‘Four C’s’. There are:
- Carat: This is the weight of the diamond and is the most important determinant of its value.
- Cut: This is used to describe the quality of how the diamond was cut and refined after being mined.
- Color: This is just the color of the diamond, ranging from bright white to deep yellow.
- Clarity: This describes any blemishes or inclusions a diamond might have (or a lack thereof).
Knowing these four essential terms will ensure you find a diamond that offers the best cost to value ratio for you.
- Choose Trusted Dealers and Jewelers
If you want good diamonds, always used a trusted jeweler or dealer. There are thousands of diamond peddlers out there and not all of them are equal. Always read reviews and ask around among friends and colleagues for recommendations.
If you are new at buying diamonds, you should always opt for the most well-known sellers as a rule. Save your trip to that small independent diamond seller for your next purchase, when you know what you are doing.
- Obtain a Diamond Certificate
Many people forget the importance of paperwork when it comes to buying a diamond. When you buy a diamond, you are entitled to a diamond certificate. This is a verified document stipulating the carat, color, clarity, cut, and origins of your diamond.
If your jeweler does not give you one, you can obtain one from an independent gemological laboratory to authenticate diamonds. You can also obtain a diamond appraisal to determine the exact monetary value of the diamond. Whichever you choose, it is crucial that you know the difference between the two.
- Consider Metal Pairings
Finally, if you wish to purchase diamonds as wearable jewelry, then you should decide on the metal pairing you prefer before buying. This is mostly an aesthetic choice. White gold and yellow gold have the same monetary value.
Of course, silver is worth slightly less but often pairs more appropriately with a white or pink diamond. Consider these important things before committing to any major diamond purchase.
Essential Fashion Advice at Your Fingertips
Knowing how to buy diamonds is just one of the fashion fundamentals. For more crucial fashion and style lessons to keep you ahead of the curve in the year ahead, we have got you covered. Simply consult our expert Fashion section for more essential style tips.
