OK, here are the first few steps in buying diamond jewelry that you will need to take-
Review the “About The 4C’s” section and get a good overview of each of the 4Cs… along with looking at Diamond Grading Reports.
Key points to remember…
– Diamond Carat Weight is pretty simple…. the more is weighs, the more it will cost, duh! There are some “magic” diamond carat weight categories where the price will jump.
– There is a scale for Diamond Clarity. The only diamond clarity grades were you are actually able to see something inside of the diamond without magnification are SI2 (maybe) along with the I1,I2,and I3 grades. As you move up or down on the Diamond Clarity scale the pricing can change anywhere from about 5 to 10% to maybe 15%.
– There is a scale for Diamond Color. When you have loose diamonds, you can just start noticing the body color at around J, once it’s mounted you might see body color around K or L. The pricing will change about 5 to 10% per grade as you move up or down the scale.
– When buying diamonds, Diamond Cut is the most important! Always, always try to obtain the best possible Diamond Cut. The Cut of a diamond will tend to mask a lower Diamond Clarity and/or a lower Diamond Color. In the past few years, it is now possible to get a Diamond Cut grade on some diamond grading reports, which is a real benefit to the consumer!
– Diamond Grading Reports are available from large independent gemological grading reports/laboratories that will fully grade the diamond’s 4Cs along with other information. GIA, AGS, and GCAL are all top-notch labs… some EGL reports are also acceptable.
These reports are diamond quality grading reports and you should never see any prices stated by a lab. If a salesperson shows you a “grading report” and it shows a price, it is not a diamond grading report!
When there is a price shown it is an appraisal and it should not be taken seriously because the lab is no longer performing a service as a disinterested party. The salesperson will use this “grading report” as a sales tool….
“This grading report shows this diamond has a market value of $2,450 but we can offer it to you for $1,895!”
The thing is, if the piece of jewelry was really worth so much, the jeweler would have sold it for more instead of showing you a piece of paper (that is worthless) that makes you feel good about your purchase.
Bottomline, don’t be stupid. If something is too good to be true, it probably is.