Everything You Need to Know About Buying Diamonds

The diamond buying process can be an overwhelming one. There are so many variables that go into the equation, that coming out on the other side with a good deal (and a high-quality diamond) can seem impossible at times.

The biggest problem people face when it comes to buying diamonds (as well as jewelry in general) is a lack of knowledge. This is why we go into detail about everything you need to know about the diamond buying process. We cover the different types of diamonds, what to look out for during the buying process, as well as details regarding all of the different shapes and cuts that diamonds can come in.

Buying Diamonds

How to Choose the Perfect Diamond

⦁ The first step in the buying process should be finding out which specific cut/shape that you need to buy. If you’re buying the diamond as a gift (to be used in a piece of jewelry), it’s recommended to ask the person you plan on giving it to (or simply look at their current jewelry to see what their preferred shape/style is).

⦁ After you determine which shape/cut you want to purchase, you need to find out how big the diamond needs to be. This measurement is known as the “carat weight” of the diamond. The carat weight of a diamond is one of the main ways that gemstone dealers/jewelers grade diamonds. Generally speaking, the higher the carat weight, the more expensive the gemstone will be.

⦁ After selecting a shape/cut, and general carat weight, you will have a general idea of what to look for when shopping around. Other factors that will have a direct effect on the total cost of the gemstone will be the clarity, color, and cut of the diamond.

More About Diamond Shapes

One of the most important aspects of any diamond is what specific shape it is. This is also one of the most personal parts of the buying process, which is why it’s recommended to ask the recipient what their preferred shape is. Beyond that, the specific shape/cut of a diamond will also determine how expensive the stone will be.

There are numerous shapes available. Some examples of the more popular shapes/cuts include emerald, princess, pear, marquise, and oval. Of course, different cuts will have different price levels (depending on the complexity of the cut). Examples of each type of shape/cut can be viewed at GIA’s website (the Gemological Institute of America).

⦁ Note: If you’re looking to buy a diamond for an engagement ring, you’ll definitely want to get the opinion of the recipient (because of the symbolic meaning of engagement rings and how culturally important they are).

Diamond Color Options

Besides the carat weight of a gemstone, one of the primary factors in determining its value is through grading its color. The most widely known color diamond is clear (not to be confused with white diamonds). However, colored diamonds have become incredibly popular over the past few decades. Nowadays you can purchase diamonds that are pink, brown, black, yellow, etc. Pink diamonds have particularly seen a huge increase in popularity in the jewelry industry (over the past decade or so).

If you’re looking for a unique diamond, a pink argyle diamond is a lovely idea. These diamonds originate from a specific mine in Australia and are very well known in the jewelry world. Argyle diamonds are classically pink, however, they also come in other colors as well. Pink diamonds are some of the rarest gemstones in the world, which is why they’re so valuable (and highly sought after).

More Details About Argyle Diamonds

The Argyle diamond mine, which is located in remote Australia, won’t be able to produce their famed diamonds forever. This means that now is one of the best times in history to purchase one of their diamonds. Why? Because with the mine closing soon, Argyle diamonds are only going to increase in value. This makes purchasing them now an incredible investment. Not only that, but prices are estimated to increase (due to the mine closing).

The Argyle diamond mine started to produce some of the world’s finest gemstone specimens back in the early 1980s. The famous mine is starting to slow its production though (since 2011 actually) and plans on being shut down entirely by 2020. This is why it’s highly recommended to purchase an Argyle diamond now (because prices are only going to increase from here on out).


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