3 Most Important Steps To Buy Diamond

I always consider buying a diamond is basically moving money into another assets class hence it’s most important to buy an authentic diamond at the best market price. Either you buying loose diamond, diamond jewelry, buying online or from the shop, it’s always a difficult decision that what price should I pay for diamond and how can I make sure that I get the best buy.

In this article, I am giving 3 important tips which I believe will help the buyer to take better decision.

Step-1 

Always buy certified diamonds or diamond jewelry from a reputed institution like GIA, IGI, EGL, and GCI.These agencies provide diamond grading and certifications services. This institution performs the quality test and provides “Certificate of Authenticity” of a real diamond. Almost all institutions provide 4C information about a diamond in the certificate.



Sample GIA Report : 

• Clarity: Clarity is the most important factor in   choosing a diamond. Higher the clarity better the future value of diamond will give. From high to low ranking of clarifying measured as - FL, IF, VVS (VVS1,VVS2), VS(VS1, VS2),SI(SI1, SI2) and I (I1,I2,I3).

• Color : 2nd Most important factor to observed.  Although nature creates diamonds in various colors such as white, pink. yellow, black and many others. Out of all these color white is the most popular colors, which further divided into a subcategory of color starting from D,E,F......until Z. D mean the whitest color and the most expensive as well.

•  Cut : 3rd Most important factor. Cut provide you the information about diamond shape. Diamond comes in many shapes. Round or Rose cut diamond are usually the most expensive and the most common shape used in ornaments. 

• Carat:  Carat represents the weight of a diamond. 

Step-2 

Check the diamond prices in latest RAPAPORT.  Rapaport is the international standard for diamond prices. Rapaport gives you the information you need to succeed. Rapaport published every month hence always used the update, Rapaport. 

Sample Rapaport : 

Step-3 

Always buy from the registered company at least older than 1 Year and must have good track record. If you are a frequent trader then suggest buying a membership from RapNet, the world’s largest diamond trading network with daily diamond listings of 525,000 diamonds valued at over $4.12 billion.

If you a further question please leave your comments and I will provide more details to best of my knowledge.