How to Find the Best Diamond Deals

February 11, 2020 - Jewelry & Luxury Items

Buying a diamond can be one of the most exciting and important purchases of a person’s life.

Either that or you’re looking to get the best deal on some high-quality bling.

In either case, it’s important to know what you’re getting into and how to find prices that you won’t regret later. Many of the big name diamond retailers will sell merchandise for much more than its worth.

We’re here to help you avoid that problem. Here’s your guide to finding the best diamond deals on the market.

How to Find the Best Diamond Deals

It can be scary to decide on a diamond if you aren’t quite sure what you’re getting. That’s why it’s important to have a good idea of your intended stone.

Research What You’re Buying Beforehand

Before you go out and buy a ring, doing some preliminary research will help you understand what value the stone and band you’re looking for typically go for. If you know the value beforehand, you’ll be less likely to get ripped off while looking in a store.

Figure out your budget, the tastes of the person you’re buying the diamond for, the practicality of the ring you’re going to buy. For example, if the person you’re buying the ring for works in a place where it would need to be taken on and off consistently, it may be wise to find something that isn’t too large.

Consider Alternatives to Diamond

You don’t always need to go with diamond, and choosing not to will save you a lot of money. Options like moissanite are very similar to diamonds and hundreds of dollars cheaper. You can also consider options like ruby and sapphire, or other stones that can be placed on a band.

Your partner’s birthstone is always a thoughtful and beautiful option.

Family Heirlooms

Your partner’s family may be sitting on a priceless stone that has familial significance. This is an extremely thoughtful option for a number of reasons. First, it shows that you take an interest in your partner’s family and history.

Second, it means that you had the courage to coordinate with your partner’s family. It also shows that you have their blessing and the confidence to make a decision that goes a little outside of the box. In any case, if your partner cares about an heirloom, you should consider putting down your pride and substituting the big diamond for an heirloom.

Understand Diamond Specifications

If you’re going with the traditional diamond, there are four “C’s” that you need to understand. The first is carat, which is the standard way that diamonds are measured and priced. Next, you’ll want to understand the values associated with the cut.

Cut determines the brilliance and style of the diamond you purchase. It will also affect the color and longevity of your diamonds beauty. Next, you’ll want to be able to read the clarity of the diamond you choose. This has to deal with imperfections, big or small.

Finally, you want to understand the values associated with color. Sometimes this is difficult to determine to the naked eye, so having the stone checked out by a professional would do you well in understanding the value of the stone.

Don’t Rule Out Alternative Stores

If you’re looking for reasonably priced diamonds or other jewelry, consider pawn shops. Pawn shops are great places to find quality diamonds as well as get rid of old jewelry that you aren’t utilizing anymore.

We’ve got all of the information you need if you’re looking for the best diamond deals or deal on other items.

David Stiebel
David Stiebel

David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.

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