Tag: Buy Synthetic Diamonds

The Idiot’s Guide To “Buy Diamonds” Explained

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A Diamocycle Guide to Buying Used Diamonds

Table of Contents:

A Guide to Buying Used Diamonds

What to Know Before Buying a Used Diamond

AN INTRO TO BUYING YOUR DIAMOND

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THE BASICS

UNDERSTANDING THE DIAMOND INDUSTRY

Tips for Buying Diamonds as an Investment

WHERE TO BUY USED DIAMONDS

HOW TO TELL IF A DIAMOND IS REAL

Understand What’s Diamond Myth & Proper Procedures

Test Your Diamond

Differentiate Your Diamond from Other Stones

WHAT TO KEEP IN MIND AS YOU BUY

Buy from a Source You Trust

Keep Your Priorities in Mind

Understand Diamond Pricing

Buy Single Diamonds

Consider Your Recipient’s Taste

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HOW TO GET THE BEST BARGAIN ON A USED DIAMOND

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AN INTRO TO BUYING YOUR DIAMOND

Buying a diamond can be an intimidating process, especially when you’re looking to buy a used diamond or engagement ring. That said, equipped with the right knowledge, the process of buying a used ring or knowing used diamond prices can be straightforward and stress-free.

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We’ve created the following guide to make buying a used diamond as easy as admiring one sparkle.

DIAMOND BASICS

As always, we encourage all of our diamond buyers and sellers to have a strong working knowledge about the 4Cs of diamonds: color, cut, carat, and clarity.

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For those of you new to Diamocycle, here’s a quick overview of what makes a diamond a diamond:

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Carat: A carat is a unit that measures a diamond’s weight. 1 carat is equal to .2 grams. The higher a diamond’s carat value, the heavier and more valuable the diamond.

Color: Colored diamonds prices depend on how clear the colors of the diamonds are. The clearer a diamond, the higher its rating and value.

Cut: The way a diamond is cut determines its shape. Current trends and the execution of that style’s cut are usually the strongest factors that help determine value. Where there is no value scale based on cut, how a diamond is cut impacts its sparkle and how it can be used in a piece of jewelry – nz.trustpilot.com – . A perfect diamond cut is not probable, but the cut can be a big determination of price.

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Clarity: A diamond’s clarity is determined by the presence of inclusions (internal flaws) found on or in the stone. The fewer the inclusions and marks, the clearer and higher value the stone. These inclusions can include blemishes, scratches, clouds, or other flaws, and each stone is rated on an industry-specific scale.

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Diamonds can be made through a variety of processes both natural and synthetic. The word diamond refers to their molecular and crystalline structure, which can both be made through the workings of the natural world or in a lab.

Here is our quick breakdown of the different types of diamonds and diamond substitutes.

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Natural Diamonds:. Natural diamonds are mined from the earth. The unique crystalline structure unique to diamonds is formed through billions of years of geologic processes. Given their uniqueness and the labor required to extract them, natural diamonds, both used and preowned, often fetch a commanding price.

Synthetic Diamonds: Synthetic diamonds have the same crystalline structure. The only way to tell the difference is through laboratory testing. That said, synthetic diamonds and natural diamonds are visibly identical. Appearance as natural diamonds. Given that their production is man-made rather than geologic, synthetic diamonds are more prevalent and priced as such. The main difference, however, is that they are created in a laboratory.

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Please keep in mind that synthetic diamonds are real diamonds. The sole difference is how they are created. That said, it would be incorrect to consider synthetic diamonds a “fake diamond. Both natural and synthetic diamonds have the same properties and specifications. You may wonder, are synthetic diamonds cheaper? Due to market forces, the price between the two items is considerable.

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Other Synthetic Stones: There are a variety of other stones that look like diamonds but have a crystalline structure of another type of stone.

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Some synthetic stones have a natural counterpart, look like a diamond, and were created in a lab. Some examples of these stones are:

– Synthetic Rutile

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– Colorless Synthetic Spinel

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– Colorless Synthetic Sapphire

There are also synthetic substances that have no natural counterpart. These synthetic substances look like a diamond, but have a different chemical composition.

UNDERSTANDING THE DIAMOND INDUSTRY

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There are even diamond carat calculators that can help you understand the pricing. To help communicate the importance of the 4Cs in the diamond industry and diamond prices, we’re happy to share this sample price chart with you.

Carat Dependent Pricing

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Color Dependent Pricing

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Using Six “Buy Real Diamonds” Strategies Like The Pros

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On paper, diamonds make great investment sense. And, like most gems and precious metals, past performance shows that they will increase in value over time.

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"Buy Black Diamonds"In reality, however, diamonds have very sketchy investment potential. Unlike gold – which is valued by weight because let’s face it, one block of gold is pretty much the same as every other block of gold – diamonds don’t have a universal price per gram. One of the main reasons for this is that diamonds come in very inconvenient packages. When no two stones are exactly the same, every diamond has to be valued on its individual merits and, most of the time, that valuation is going to be somewhat subjective. This means choosing which diamond to buy in the first place can be the trickiest part.

Despite this, many people are investing in diamonds – more so, now that traditional investment opportunities are failing to deliver the goods. Low long-term interest rates and uncertain markets make investing in diamonds look appealing to add to a diverse portfolio. But how do you go about buying a diamond for investment, and how can you be sure of making a good return? With that in mind, we’ve identified three of the most common mistakes people make when they invest in diamonds.

For this blog, we are talking specifically about natural diamonds – if you want to know how we feel about investing in lab-grown diamonds, you can find out in mistake number 3..!

1. Paying too much

When investing in anything, the mantra ‘Buy low, sell high’ will serve you well. When it comes to diamonds, however, ‘buying low’ is harder than it looks.

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First, there’s tax. That means your diamond will need to grow in value by 20% for you to merely break even.

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Second, there’s the retailer markup (if you haven’t bought privately). We can’t tell you how many stories we’ve heard about people trying to sell their ‘investment’ diamonds to the trade – only to realize they were completely stung on the original purchase price. Make sure that you’re buying at the most competitive price. This can vary from store to store so it’s crucial to shop around.

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Third, there are hidden costs – such as the price of a setting, if you buy it set in a piece of diamond jewellery. And what about insurance? If your diamond jewellery is valuable enough to be an investment it should probably be insured – but that’s another expense you’ll need to recoup when you sell. As cool as it would be to have a pouch of loose diamonds locked in a safe (perhaps concealed behind an ornate painting) most people want to enjoy their diamonds, which means having them mounted in a setting; perhaps a diamond pendant or diamond ring. Yet when it’s time to sell, the setting will most likely only be worth scrap metal prices.

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2. Expecting too much

Investing in diamonds is possibly the worst get-rich-quick scheme in the world. Diamonds take time to increase in value, yet many diamond investors are disappointed when they don’t see short-term results.

Diamonds are a commodity and like any commodity, their value can go down as well as up. On the whole, based on past performance, they go up – just very, very slowly. It’s virtually impossible to make a profit in the short term so it’s not just realistic to buy a diamond and expect to sell it for a profit after five years.

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This means when you invest in natural diamonds, your money is going to be locked up for a while (albeit in a very lovely sparkly package) so it’s important to be absolutely sure that you a) want to invest it in this way, and b) can afford to. If you need to sell early to get your money back you’re highly likely to get a lot less than you spent in the first place (see ‘Paying too much’ above).

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At the very least, buy something you love, perhaps a pair of diamond stud earrings (wink, wink!). You won’t be disappointed if it doesn’t earn you as much in the long run as you hoped. That way you can enjoy it while you’ve got it.

3. Buying the wrong sort of diamond

The final hurdle when buying a diamond as an investment -. Some diamonds are easier to resell and are more likely to fetch a better price so investing in one of these will obviously make your job a lot easier in the future. The one where most buyers fail – is knowing which diamonds are worth investing in.

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The most important thing is to buy certified. A certified diamond is far easier to resell than one that hasn’t been independently certified and will be more desirable – especially if it’s certified by one of the most highly respected labs (we recommend GIA). And when we say certified, we mean independently certified, not one of those highly questionable certificates provided by the shop you are buying from… we still can’t believe this is “a thing” anymore (rant over!). This is true whenever you buy a diamond, whether it’s as an investment or as an engagement ring, for so many reasons.

The shape of the diamond can also be a factor. The opposite is actually true. If you’d rather not buy a round, opt for one of the other popular shapes, such as the Princess cut… but really, just buy a round diamond! However, don’t be fooled into thinking you have to buy the biggest, best-quality diamond in the world. This is really down to the fact they can always be made, whereas there are only a certain number of natural diamonds on the planet making them much more likely to increase in value over time. You should aim instead to buy a high-quality diamond of mass-market appeal – again, this will be more desirable to both trade buyers and private individuals. An extremely high-spec diamond will only be of interest to a select few buyers (those of bulging wallets and gold-plated mansions) and will be harder to sell on. Round brilliant is the most popular diamond shape (about three-quarters of all diamonds sold are round) so investing in a round diamond will give you access to a bigger resale market.

And finally, if any tries to sell you Chocolate, Champagne or Cognac diamond for a premium… run for the hills!

Avoiding the pitfalls

You might now be thinking that it’s not worth investing in diamonds -. If you want to buy (on the main page) diamonds solely as an investment you’d be right. Just be sure to follow the Diamond Rules (they’re so much sparklier than golden ones):

– Buy at the lowest price you can, without VAT if possible
– Buy a high-quality certified diamond in a popular shape
– Think about when you will want to sell – and how
– Buy something you love

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If you’ve followed the advice above, you’ll need to decide if you want to wear and enjoy your investment or lock it up until you sell it. Of course, this one is a personal choice, as there is a cost to having it set in jewellery which you probably won’t recover.

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All of us want to be proud owners of diamonds which look amazing and chic. Here is how you can buy these beauties at a really enviable price: Some of you may even be ready to pay a hefty amount for the same. The best way to do this is by buying loose diamonds. But did you know that you can actually buy a good quality diamond and that too at a competitive rate.

"Buy Diamonds Online Thailand"1. Clarity about what you want:

First and foremost, get a clear idea about the type of diamond that you want. The colour and shape of the diamond, the dimensions that you will require need to be very clear. Also you need to be sure about how many carat diamond you will need. Like whether you want a small one or a big diamond. When you have all these things clear in your mind you can easily get the right diamond.

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2. Selection of diamond wholesaler:

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Now this is a very crucial aspect. When you select a reputed wholesaler you can be rest assured that you will not get cheated. Only these people will have genuine diamonds. Once you know what, Buy Synthetic Diamonds (linked internet site) – why not try these out – you want you have to shortlist the name of the retailer from whom you will buy this diamond. Not retailers is that the price that the wholesaler will offer will be less as compared to the retailer. Since there is no middle man involved you will get one of the best deals from the diamond wholesaler and you will save lots of money. One more reason that you must always opt for wholesalers.

3. Compare prices:

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Compare the prices with different wholesalers. You should also check out the pricing on reputed online stores so that you have a fair idea about the pricing and it will also give you the chance to negotiate.

4. Opt for only certified diamonds: This is because certified diamonds are a mark of quality. You can be sure that you are getting a genuine diamond. They also carry more value as compared to the non certified diamonds. Diamonds with a certification are costlier as compared to the non certified diamonds, but they are a mark of superiority and excellence.

When you set out on the mission to buy diamonds at competitive prices the best thing that you can do is to opt for a wholesaler who deals in diamonds which have certification. This will help you in getting good quality diamonds at competitive rates.

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Diamond District NYC: Everything You Need to Know

It is one of the premier diamond centers in the world, with thousands of wholesalers and retail jewelers crammed into a few city blocks.

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Today it’s home to many fine jewelers who specialize in selling diamonds. Other precious stones) at wholesale prices directly to retailers worldwide. It’s one of the oldest. Largest diamond districts in the world.

It’s a great place to shop for diamonds, gemstones, and other fine jewelry pieces. The deals you can find here will make your wallet happy, too!

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It is common to see these diamantaires casually engaged in a tough negotiation with a diamond wholesaler, trying to secure the best possible price for clients. Haggling for goods is an exciting, innate experience: buyers waving their hands and shouting at sellers, the seller walking away as if to end negotiations-only to return a few minutes later. Naturally, every price haggling will have a winner and a loser. However, everybody wants to win, and nobody wants to be on the losing end.

Shops are known to offer ridiculously low prices on diamonds and other jewelry items, hoping you’ll be lured into buying from them. However, it’s best to avoid falling for these tricks as they’re often scams that will only make you lose money in the long run. When shopping in this district, always look out for the following:

Check for authenticity But it’s also a prime target for thieves, so you have to be careful. The best way to avoid being ripped off is by checking for authenticity. So if you see a store selling loose stones at high prices and claiming they’re real, run away before they can trap you into buying something fake! Diamonds are sold loose, not set in rings or other jewelry pieces.

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Check for quality

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Diamonds are rated by their quality, determined by four factors: color, clarity, cut, and carat weight. If you’re buying diamonds as an investment, then it’s essential to know the grade of each stone so you can maximize your return on investment.

You can often get a better deal by buying from a store that sells higher-quality stones.

Even if a diamond is genuine, it doesn’t necessarily mean high quality. An excellent way to tell the difference between low. You can often get a better deal by buying from a store that sells higher-quality stones. High-quality diamonds is by looking at their color. A “D” grade diamond will have a slight yellowish tinge to it, while an “E” grade diamond should be completely colorless (unless you’re looking for something that has been treated).

Check for price

If you’re buying a diamond as an investment, getting a good deal is crucial. A diamond’s carat, cut, color, and clarity determine its price. You can also check out some of the less expensive options at several jewelry stores in the district. The best way to do this is by comparing the prices for which other stores are selling diamonds and shopping around. If you’re looking for a low-cost diamond, try searching for one that has been cut into a simple shape (like a round or princess cut) instead of something fancy like a marquise or heart shape.

Check seller or dealer’s customer service, reputation, and history

Always perform due diligence on the store’s track record to ensure that you’re dealing with a reputable dealer or seller. Please ensure that the store has been in business for a while.

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You need to know what to look for to get the best deal. But how do you pick between two or three different models?

There are a few things you can do to make sure the diamond you’re buying is authentic, and not just fool’s gold:

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Ask for a certificate of authenticity

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Ask for a certificate of origin

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This shows where your diamond came from. It also indicates what kind of quality control went into its mining process (if any). If there’s no such documentation, run away as fast as possible because it means whoever sold it needs to be more honest with their sourcing practices or production methods.

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Get a second opinion from someone who knows gemstones!

Anyone selling diamonds should be able to recommend someone else who does appraisals. If they are still determining who would be best suited for this task, consider doing business with them.

If you want to go shopping for diamonds but have yet to determine precisely where they have them all lined up for sale, don’t worry! We’ve got your back. These are some of the best places to buy diamonds:

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This is the place to go if you’re looking for a great selection of diamonds. They have everything from engagement rings to everyday pieces you can wear daily! You can find them in the Diamond District at 15 West 47th Street, #305.

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Dreamstone They also excel in quality. Customer service. Their shop is at 15 West 47th Street, #803.

Roman Malakov Diamonds They have a great selection of wedding rings and other pieces and a great reputation for quality and customer service.

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Ultimate Diamond Co.

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This is a great store if you want something unique. They have a wide selection of engagement rings. Some beautiful pieces that would make a great anniversary or birthday gift.

This is an excellent store for quality and prices. You can find them at 115 W 45th St #504.

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And while it might sound like this is the place you want to be if you’re shopping for an engagement ring, the truth is that it can be incredibly overwhelming.

Conflict-free Diamonds: what they are and where to buy Them

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"Where To Buy Manufactured Diamonds"As you shop for diamonds, you’ve likely seen the terms conflict-free diamonds or ethical diamonds. Here, I’m going to answer a few of the most common questions about conflict-free engagement rings and diamond jewelry:

– What does “conflict-free” or “ethical” mean when referring to diamonds?

Conflict-free diamonds are diamonds that have been mined.
– Why is buying a conflict-free diamond important? Brought to market without benefiting any terrorist groups or violently-oppressive government groups.

What are conflict-free diamonds?
– Where can you buy conflict-free engagement rings and diamonds?

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More specifically, conflict-free or ethical diamonds have been mined and sold in compliance with an international trade agreement known as the Kimberley Process. (More on that below.)

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Conflict-free diamonds are the opposite of so-called “blood diamonds”.

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The ‘blood diamond’ problem

Although some industrial diamond mines are owned by regulated international companies, many mines are smaller-scale operations. I’ll call that small-scale mining here. Imagine gashes in the ground. A few men digging in the mud for pennies per hour.

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In the past (and with more difficulty, even now) these militias or terror groups could control small-scale diamond mines. In addition, some groups would torture and kill the laborers mining the diamonds for suspected theft – or even for not working fast enough. They would sell diamonds to unscrupulous traders who could find ways of getting these diamonds into the global supply chain. The diamonds would be cut, sold again, and finally sold to a consumer, who would have had no idea the diamond’s profits went into the pockets of terriorists. These groups would use profits to buy arms. Finance terror campaigns that lead to the deaths of hundreds of thousands of people.

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The attempted solution: The Kimberly Process

Consumer outrage over blood diamonds eventually grew loud enough to force governments and the diamond industry to take action.

It’s a first step toward combatting the trade of blood diamonds. It aims to freeze any illicit diamonds out of legitimate trade. (The statement assumes 100% success among all participants. That’s a reasonable claim, but it may be slightly optimistic.8% of diamond produced. It’s just not as common as before. It’s designed to make sure that diamonds are mined and shipped without connection to militias, terror groups, or criminal activity. But it’s complicated. Not entirely effective.8% of trade in conflict diamonds worldwide.

Notably, it doesn’t attempt to regulate the ethical treatment of workers, indigenous groups, or residents in or near diamond minds.

How does it work? And at every “stop” along the way to market, this certification is viewed, recorded, and passed along. They have to be transparent with records and statistical data. They must implement export controls, import controls, and internal controls.

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Participants can only trade with other participants who also meet the requirements.

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"Diamonds To Buy Online"This reduces the ability of rebel groups, militia groups, and terror groups to use diamond mining as a direct source of revenue. And that’s obviously a huge step forward.

Why the Kimberley Process isn’t perfect

The weaknesses of the Kimberley Process include:

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– It’s voluntary

– It’s self-policing, not overseen by a central regulating entity

– It’s subject only to peer review, not to enforcement from a central entity

– It doesn’t attempt to document or discourage unethical behavior other than illicit violence

Why is it important to buy a conflict-free diamond?

Unfortunately, money is an extremely powerful motivation, especially for desperate individuals and groups. It’s also lifeblood to any terror group or militia group.

If a terrorist group has less money, they can buy fewer weapons and pay fewer members. (Many members of militia groups aren’t wild-eyed true believers in the cause, necessarily. Many are simply taking a job. And even if they are true believers, they still need money to buy food for themselves and their families.)

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Even militias who compel members to serve as slave soldiers (as for example, child soldiers) still must pay money to obtain weaponry.

The ability for any violent group to inflict harm or hold power comes down to money. If you can take that money away, you can eliminate their power and capability to murder.

As important as preventing terribly bad actors from profiting off of diamonds, conflict-free diamonds are important in another way: they support the good actors. They support (ideally) employers. Laborers in legitimate mining companies.

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That said, it is important to emphasize that conflict-free diamonds are not the same thing as ethical diamonds. It does not ensure, for example, that the laborers who mined the diamond were treated well and paid a fair wage. Or that the mining company was taking steps to minimize its environmental impact.

A true “ethical” diamond is a step above a conflict-free diamond. Ethical diamonds, like fair-trade coffee, are products that come from companies who meet some minimum requirements for fair labor practices and environmental damage amelioration.

How to avoid buying a blood diamond

To avoid buying a blood diamond, the first step is to read the conflict-free diamond policy of any retailer you’re shopping.

Virtually all reputable retailers have such a policy. But it’s worth checking specifically.

While we can’t know for 100% sure that no blood diamonds slip into the mix. It happens. You can at least know that you’re doing what you can.

If you really want to be a stickler, you can ask the dealer what mine or country the diamond you are considering came from.

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If you want to be 100% sure you’re buying a conflict-free diamond, consider a lab-created diamond.

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Lab-created or “synthetic” diamonds are real diamonds that are grown in a laboratory rather than mined from the earth.

A lab-grown diamond is not a fake diamond. Lab-created diamonds are physically identical to “natural” earth-mined diamonds! It’s 100% a diamond, just like an earth-created diamond. It’s not a simulated diamond.

Since diamond labs are located in first-world countries, you can feel more sure that the workers are treated fairly, since regulations, laws, and workers’ choices make that much more likely. On the other hand, when you buy lab-created diamonds, you’re also preventing your money from supporting anyone in a third-world country. But if they’re earning a fair wage for their country, your purchase arguably helps them more than you help the first-world employee.

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The world’s largest online jewelers all sell conflict-free engagement rings and diamond jewelry. They select only diamonds they have carefully selected for their ethical and environmentally-responsible origins.

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We shouldn’t expect that illicit diamonds are any exception.

Conclusion

Now that you know what conflict-free diamonds are, and why it matters, you also know what to do. And, with the protocols in place, it’s fairly easy.

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Buy only from highly reputable retailers with explicit policies in place. To be 100% sure, buy a lab-created diamond.

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