Before you even look at loose diamonds on the internet be sure to do your homework. It’s important to have an evaluation of all the important terms that you’ll encounter ready to refer to should you need it.
It doesn’t matter if you’re buying diamond platinum engagement rings, diamond bracelets, diamond earrings or any other piece of diamond jewelry, please read the tutorials presented in these pages for peace of mind if nothing else!
Diamonds come in many shapes, sizes, colors as well as vastly varying quality grades. Two diamonds seemingly very similar may differ in price by up to $2,000.00+!
Buying diamonds without a basic understanding of the principles that defines one diamond from another can be compared to having the choice between buying a Fiat and a Ferrari and not knowing the difference.
Loose Diamonds – The Four C’s
A loose diamond of any significant size and value today automatically comes with an independent diamond grading report that has no connection whatsoever with the diamond retailer. That means that a diamond is graded before it’s even delivered to the wholesaler or retailer.
A diamond grading report is used to describe and identify an individual diamond and is based on the four c’s: cut, clarity, carat and color. This is carried out in a gem trade laboratory under strict appraisal conditions by a fully qualified GTL grader. This serves to protect the jewelry trade and ultimately the end consumer from fraud.
Loose Diamonds – Beyond The Four C’s
The four c’s will only give a partial evaluation of the quality and price of diamonds because there are further factors to be aware of in this process. A diamond grading report also goes beyond the four c’s but is not an official guide to the price of a loose diamond.
It is the individual wholesaler/retailer who sets the price of a loose diamond and not a gem trade laboratory. However they will use the diamond grading report that comes with the diamond and a report called a rapaport sheet as indicators in setting the price. The rapaport sheet is a jewelry industry diamond price guide that recommends a reasonable wholesale and retail price across a wide range of loose diamond grades.
Loose Diamonds – Where To Buy
Choosing a quality diamond is one part of the equation – choosing a reputable jeweler to buy it from is quite another! We believe that buying diamonds online is far less risky, but you’ll be able to balance the options accordingly.