Saving Money With Loose Diamonds

When a couple is looking at engagement rings and wedding rings, they might be thrown off guard by the price tags attached and might also be unable to find just the right ring for their momentous occasion. When this is the case, they might turn to loose diamonds as an option, which allows them to purchase the diamond separately and then have it placed in a setting of their choice. This often gives them a greater variety of options in the size and cut of the stone for a lesser price than one that is already chosen and set in a ring.

Tips and Cautions

There are certain things to beware of when buying loose diamonds which is not an issue when buying from a jewelry store where everything is certified to be real. Loose diamonds are sold by charlatans at times who will substitute synthetic stones as the real thing and charge lesser prices than a real diamond, but still exorbitant amounts for a fake stone. One caution is to make sure that the stones are certified loose diamonds, which means that the diamonds should come with a certificate from a laboratory that gives a grading report on the diamond. Some credible agencies that can offer such reports are the Gemological Institute of America, the European Gemological Laboratory, and the American Gem Society. If a certificate is not given by any of these laboratories by the loose diamond distributor, then the diamonds should not be bought from that company because they are likely to be fakes.

Another tip to buying loose diamonds is to do a lot of shopping before deciding on a particular stone. Although there might be one very interesting stone on a particular certified website, it might not be the best price on the market, and with a little shopping around, an almost identical stone can be found for an even better price. Most sites will also give individuals such deals as a thirty day money back guarantee so that they can be certain that they are satisfied with the diamond once they see it in person rather than in pictures. There is also usually free overnight shipping so that the guarantee is not wasted in shipping time.

Even though the seller might have their loose diamonds certified, they still might not be an altogether reputable seller so it is wise to do one more piece of checking before purchasing from them. One place to check is the Better Business Bureau to see if there have been any customer complaints against the seller. Another place to check is if there are any reviews of that seller that have customer comments or ratings. In addition, it is important to check their refund and return policy as well as upgrade policy so that everything is clear before purchasing the diamond.