Buying loose diamonds can be a very lucrative business yet it is important to know what signs make a diamond genuine. This is especially the case if you are buying online or on a digital marketplace where various terms used must be understood properly.
After having this knowledge, you will be able to approach the buying process with more confidence, despite shopping online or in-store. If you want a good place to start, you can discover the high quality diamond engagement rings in Brisbane with Diamond Queensland.
- Tip 1: Understand the different types of loose diamonds you can buy.
There are four variations you can buy when looking at loose diamonds. These are:
- Rough (there is no defined shape)
- Uncut (there is no defined shape)
With rough or uncut, as they do not have any specific shape yet, they must be cut by a professional which can be a pricey process. In which case, it may be wiser to go for diamonds that have already been cut so there’s no need for extra work.
- Tip 2: Think about the purpose you are buying the diamonds for.
This will help you buy the right type of loose diamonds. For example, if you are planning to invest it for a customer based business, it’s a good idea to consider the audience. Thinking about how the diamond suits the customer’s wants is really important. Will they prefer the diamond to be more glamorous and sparkly? If the answer is yes, you will want to buy enhanced or pre-cut.
- Tip 3: Think about if you want natural or lab-created diamonds.
Synthetic loose diamonds are created in the lab environment to imitate the look and feel or a real diamond. Using other materials such as rhinestone, the gem can be emulated with various methods. If you do choose synthetic, you will normally see them labelled as CVD. In contrast, however, the natural diamonds, as the name implies, undergoes no specific process and are mined from sites around the world. Be prepared to pay higher rates for natural diamonds.
- Tip 4: Set your spending limit.
Consider your budget before you even start looking. This way you know how to converse with the seller with more certainty and know whether you can get the diamond set too.
- Tip 5: Go for word of mouth when diamond shopping.
For loose diamond shopping, it helps to already have heard of the service provided through friends, colleagues or family who has purchased loose diamonds. It’s crucial to choose a merchant you can trust and doing so on reviews alone helps but word of mouth is always better.
- Tip 6: Get to know your facts about diamonds, especially the 4 C’s.
As we mentioned earlier, when talking about cut and uncut diamonds, it helps to know the terms to make you a savvy diamond buyer. The four C’s (clarity, cut, carat and colour) will help you find the best diamonds for your needs and narrow down the selection process.
By putting these tips into practice when you go loose diamond shopping, you can up your game and walk away with some stunning diamonds.