5 Best Places to Buy Diamonds In Dubai
Furthermore, most diamond merchants will negotiate prices with potential buyers so a little haggling can get you further price reductions.
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Unlike gold, most jewelers agree that diamonds do not appreciate over time. Each diamond is unique in its characteristics, size, cut and color. When you buy diamond jewelry from a shop, you have possibly already lost 20 percent on its resale the minute you walk out of the shop with your purchase, unless a seller gives you a time-bound buy-back guarantee. Gold, which is often treated like a currency owing to its consistent character, is easily exchangeable without having to be assessed, especially in the case of gold bars. Diamonds, however, are much harder to sell.
Even so, diamonds are a girl’s best friend and the allure of owning a diamond remains, irrespective of its return on investment. Pay attention to these when making your purchase. A diamond’s quality can be determined by several distinguishing features commonly referred to as 4C: cut, color, clarity and carat. As buying a diamond can set you back quite a bit, make sure that you buy from a reputed jeweler who will give you a certificate stating all the relevant details of the diamond including where it is mined from. Diamonds are valued for their beauty and perfection and are considered by most, above gold, to be the ultimate gift of lasting love.
Diamond Cut: This refers to the workmanship and the quality of a diamond in terms of sparkle, brilliance and fire.
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Diamond Color: As a general rule of thumb, the less color a diamond possesses the more valuable it becomes.
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Diamond Clarity: This measure the clarity of a diamond with grades running from ‘Flawless’ without any imperfections to ‘Included’ which will not be as perfect in terms of clarity.
Diamond Carat: Refers to the weight of a diamond; the heavier the diamond the more valuable it becomes.
Diamond Certification: Often referred to as the 5th ‘C’, a diamond certificate is issued by a third-party agency, not buyer or seller, authenticating the characteristics of a diamond.
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Gold Souk of Dubai
The range of diamond stock on display is extensive, but buyers can negotiate prices, which may not be to everyone’s taste.
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Dubai Gold and Diamond Park
The mall has approximately 60 retail jewelry stores with a wide range of styles and products. This is the perfect place for genuine diamond buyers who know the specifications they want and are (link home) prepared to haggle with the sales team. However, keep in mind that most diamond sellers already have a threshold below which they will not make a deal, so if you are looking to half the first price the sales persons tells you, good luck with making a purchase! Your ability to get a good deal might often depend on your ability to bargain. Diamond prices can vary from store to store.
Dubai Diamond Trading Websites
For unbeatable prices on a huge range of diamond jewelry, online purchasing from an internet-based shop, will give you competitive rates in the market. However, buying certified diamonds is a must when shopping online; most online traders will ask for a deposit to reserve your diamond that will generally not exceed 5% of the product cost. Since online traders have substantially fewer overheads than a traditional retail store with a physical location, prices here are quite amazing compared to traditional stores.
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5. An alternative is chosen mainly due to low budget. But although they are comparatively less costly than diamond, they might not provide the desired results due to the difference in their properties.