Buying Loose Diamonds
Buying loose diamonds certainly isn’t what it used to be! There was a time where you needed to “know a guy” who seemed all too much like a junk car salesman. All the while, you had no way of validating this information. Was doing everything in his power to convince you that you’re getting a good deal.
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Fortunately, along came the internet and the ability to browse thousands of diamond listings, examine photos or videos, cross compare prices and even compare the same diamond among multiple diamond jewelers. The one thing that always remains is trust, though.
Buying a loose diamond online today is arguably the smartest decision you can make when shopping for an engagement ring or otherwise. How to go about find the perfect loose diamond online. We’ll show you the advantages. It offers invaluable advantages relating to pricing/value and selection.
TABLE OF CONTENTS
Buying a Loose Diamond In the Store vs Online
In-Store:
– A store only offers you so many options. Therefore, you’re stuck with what’s available at that given time when you go in-store. Because diamonds are so expensive, it’s not possible to stock very many options.
Online:
– Online gives you the ability to go “direct to manufacturer.
– With access to a listing of 100,000+ options, this gives the customer (you) a lot of power to compare, and get the best value for their preferences.
That would mean they’re housing over $500 million worth of inventory.
About 95% of all online diamond dealers/jewelers have little or no inventory. Definitely not the case. With so many options, Buy Used Diamonds buying a loose diamond this way beats the store experience because now you’re in the driver’s seat. Many jewelers plug into the same or similar suppliers of diamonds – or have access to the manufacturing supplier. Therefore, they’re able to provide you with a listing of those 100,000+ options, giving you the ability to compare lots of options. The real winner here is the customer. It’s that astonishing! Everyone seems to boast an inventory of over 100,000 diamonds. The prices are stiff and “a deal” is never a deal. That would mean they’re housing over $500 million worth of inventory. In-store, you’re again limited by the lack of inventory.
Creates standardized pricing. If a diamond is priced very low, there’s a quality-driven reason.
Using the Online Diamond Inventory to your Advantage
The diamond market is very similar to real estate. Talk to several jewelers and see who will provide the best price, once you’ve selected your diamond. We can bet that in 9 out of 10 situations, the diamond is available to multiple jewelers. The market corrects itself with comparable diamonds. We cannot stress enough that you should use the internet as your leverage here. Creates standardized pricing. If a diamond is priced very low, there’s a quality-driven reason. The excess inventory allows you to price compare all the available options and make an informed decision, plus choose diamonds of similar quality with slightly varying prices. This is where browsing loose diamond inventory online comes in handy. You’ve unlocked this opportunity by looking online.
How to Buy Loose Diamonds Online
Okay so now that you’re aware of the benefits of buying loose diamonds online, how do you actually do it? Well, you’re going to want to research and self-educate.
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1.
2. Once you have begun narrowing these 100,000+ options to a handful, maybe 4 or 5, start exploring everyone’s online inventory. 3. It will arrive within a few days, as advertised, and you’re all set. Now you’ve turned a seller’s market into a buyer’s market. Don’t waste your own time, let the jeweler do the work for you.
You can even have many jewelers set the diamond for you in a ring setting, if you ask. The last thing you want to do is fall for a “too good to be true deal”. Get scammed out of a substantial amount of money. We do recommend to make sure you’re working with a reputable jeweler.
Follow these steps and you’ll be buying your loose diamond the same way most dealers themselves are buying and sourcing loose diamonds as well. It’s your opportunity to take advantage of it. The power of information and the online buying changed the engagement ring industry.
The Importance of a Certification
When buying a diamond, a certification is your best way of knowing both the quality and the value of the ring. The other aspect a certification offers is authentic information about whether a diamond is lab grown or natural. While the opinion of jewelers will differ, a certification offers facts as to the diamond’s color, clarity, carat, and cut.
Ensure you’re getting exactly the diamond that you selected by viewing the diamond plot to see where the inclusions are, the measurements of the diamond as well as the inscription of the certificate number on the girdle of the diamond.
Buying a diamond without a certificate is a huge leap of faith, one that we would not recommend. A natural diamond is mined from the earth. A lab grown diamond will be affordable, beautiful and optically the same as a natural diamond. Is a more traditional type of diamond purchase.
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