How to Buy Loose Diamonds

January 22, 2020 - Jewelry & Luxury Items

Each year, nearly $13 billion worth of rough diamonds are produced.

For years, diamonds have been one of the most popular precious stones on the market due to their appeal and value.

These precious stones can be bought in a number of different ways. While some people will settle for manmade diamonds, most diamond buyers want the real thing. One of the best ways to get a good deal on this stone is by investing in loose diamonds.

The following are some of the things you need to consider when attempting to buy loose diamonds.

Understanding Diamond Certifications is Important

Before going out to buy loose diamonds, you need to take time to do your homework. The main thing you need to comprehend when buying these precious stones is diamond certifications.

Diamonds that are labeled certified have been inspected by a third-party to verify their authenticity. The third-party gemological laboratory that certifies the diamonds will provide information about the stones characteristics and quality. There are five main laboratories that are trusted in the industry: HRD, AGS, IGI, EGL and GIA.

Bigger Loose Diamonds are Not Always Better

One of the biggest misconceptions most inexperienced buyers have is that bigger diamonds are always better. In reality, larger diamonds may have more flaws, which makes them worth less money.

Not only will a smaller stone provide you with more shine, but it can also help you stay within your budget as well. Rushing through this important decision can lead to a variety of costly mistakes being made.

What Is the Diamond Being Used For?

Are you planning on using the loose diamond you purchase as a gift for a loved one? If so, you will need to plan accordingly because getting this diamond put into a setting can be a lengthy process.

Failing to speak with a reputable jeweler in your area can cause a number of problems when trying to meet a gift deadline. When trying to choose a jeweler to do this work, you need to make sure they have previous experience with loose diamonds.

Often times, a jeweler will have a portfolio of previous work they can show potential customers. Getting a look at a jeweler’s portfolio can help you figure out if they are the right fit for the job at hand.

The 4Cs of Diamond Buying

When trying to select a loose diamond, be sure to find out more about the 4Cs of choosing these stones.

The first C to look for is color. Ideally, you want to get a diamond that is as colorless as possible.

The second C to look for is clarity. If you see a lot of tiny imperfections in a diamond, you will need to keep looking for a stone that has more clarity.

The third C is carat. This is the unit of measurement used to tell a buyer how much a diamond weighs.

The fourth and final C is the cut. You want to find a diamond that has been cut symmetrically so it reflects light properly.

Getting Professional Help is a Good Idea

If you are unsure about how to choose the right loose diamonds, getting professional help is essential. Trying to make this decision without professional guidance is nearly impossible.

Are you looking for information on how to clean your diamonds once they are purchased? If so, check out our post on how to clean a diamond ring in 4 easy steps.

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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