Wondering how to buy diamonds or diamond jewelry? Buying a diamond is an important purchase that requires time and thought. The diamond market is volatile by nature and with retail stores using different markups, it’s important to know what to look for when buying diamonds. With this in mind, we have put together some tips to help you get the best deal possible. Read our top tips on how to buy diamonds and diamond jewelry.
How to buy diamonds and diamond jewelry
While jewelry retail stores are still a popular choice, with the diversification of the diamond industry, you now have some new and improved options available.
- Your local jewelry retail store is an obvious and convenient choice. One of the main benefits is of curse that you can see the diamond in person and try it on. However, their prices are not always as competitive. Retail stores charge high mark ups on their diamonds, sometimes up to 200%. This is due to a number reasons, including expensive brick and mortar locations, slow moving inventory and marketing costs.
- Online platforms such as eBay are also an option. While the online process can make transactions speedy, you may not feel entirely comfortable purchasing such a high-end item through sites that are not diamond specialists.
- Reputable online diamond sellers, such as Gemma by WP Diamonds, offer high quality diamond jewelry without the sticker shock. Shop pre-owned loose diamonds and diamond jewelry at up to 80% off retail. Polished and refurbished to excellent condition, you can shop brands such as Tiffany, De Beers, Cartier, Yurman and much more. Best of all, shopping for second-hand diamonds is the most sustainable and environmentally friendly way to shop as it it contributes nothing to harmful diamond mining practices.
Is buying diamonds online safe?
When considering how to buy diamonds, you may As long as you do your research and find a trusted online diamond seller, buying diamonds online is entirely safe. The online market for selling diamonds has grown exponentially and now offers many different options and price points, moving away from high retail markups that make purchasing a luxury stone so expensive.
Your ideal diamond seller should have a great online reputation and fantastic customer reviews. You will want to make sure that the diamond seller has GIA trained gemologists on staff to ensure that the diamond you purchase has been authenticated and priced fairly.
How much does a diamond cost?
How much you choose to spend is up to you, but how much a diamond is worth is a different matter. Diamond prices range from the low hundreds to tens of millions. So asking how much a diamond costs is much like asking how much a house costs: it depends on a whole host of factors, mainly the quality and rarity of the stone. A reputable diamond seller will look at the current market and establish a price based on the stone’s characteristics. At its most basic level, this involves evaluating the 4 C’s of the diamond: carat weight, cut, color and clarity grade.
What research should I do before buying a diamond?
Simply put, the more research that you do before buying a diamond, the better. Becoming familiar with the diamond buying process and the diamond market will help you make an educated diamond purchase. We recommend that you take time to learn how a diamond is valued, the importance of diamond certificates and compare various stones before committing to one. When looking for in a trusted diamond seller, look for an excellent online reputation with a wide selection.
How to buy eco-friendly diamonds and diamond jewelry
The most sustainable way to buy diamonds is to buy pre-owned. Why? Because buying freshly mined diamonds contributes towards harmful diamond mining practices which ruin eco-systems and pollute the environment. While lab grown diamonds use extraordinary amounts of energy to recreate the extreme heat and pressure that naturally creates a diamond in the Earth. By shopping for second-hand diamonds and diamond jewelry, you are playing an active role in the repurposing and recycling of precious goods and dramatically lowering your carbon foot print.
Websites like Gemma by WP Diamonds specialize in sustainable and eco-friendly loose diamonds and diamond jewelry. With affordable monthly payment plans with their partner Affirm and up to 80% off retail prices, browse their wide range of diamond inventory.