When it comes to buying diamonds, there are many options to choose from and it is good that you do your research before buying. Apart from jewellery retailers, you can also buy diamonds from your smartphone, computer or tablet.
Most of the consideration apply whether you buy a diamond online or in person but GIA has some additional tips that will help those who want to buy diamonds online.
Research and learn
Just like any other significant purchase, you should start by researching the options available in the market. Learn about the 4Cs and come up a list of diamond qualities you are looking for. This together with your budget will help you choose a diamond that will meet your needs.
Look for specifics
When shopping online, ensure that you know what you want to buy. Some of the sites display diamonds with a range in color, carat weight or clarity. In order to determine the value of the diamond you want to buy, look for specifics on its 4Cs, not a range.
Look for a grading report
Ensure that the diamond you want to buy comes with an independent report like those provided by GIA, which provides an unbiased analysis a diamond’s 4Cs. The value of diamonds is largely determined by quality. This means that an objective, third-party assessment of the 4Cs is of great importance.
Verify the GIA report with report check
If the diamond you want to buy comes with a GIA report, verify the details of the report on Report Check, GIA’s secure online database. You can even print out a facsimile of the report if it is available. This is the best way to ensure that the online product description matches the grading results.
Look for a laser inscription
For added security, check whether or not the grading report number of the diamond you want to buy is laser inscribed on its girdle. Diamonds are either inscribed before they are offered for sale or the inscription can be requested at the time of purchase.
Apart from giving the unique GIA report of a diamond, the inscription can also be a symbol for identification or a personal message. This inscription can be viewed under 10x magnification as it is microscopic.
It can be viewed using a jeweller’s loupe and since it is noted on the GIA report of the diamond you want to buy, it will help ensure that the diamond you get matches the report issued for it.
Find out more about the seller
After finding the diamond that suits your needs, there are some checks to do on the company you want to buy a diamond from. You should ensure that you know about the following:
-How long the company has been selling diamonds
-The kind of reviews the company has received
-Whether or not the company belongs to a jewellery trade association. It is important to consider this factor as associations usually have ethical guidelines that their members have to meet.
-Safety of transactions. Check whether or not the company offers safe transactions.
-Whether or not the online representatives are helpful
-Location of the seller
-How the seller ships diamonds and whether or not the shipment used is insured and if a signature is needed for delivery.
In addition to the above, if are buying from online auction sites, check buyer ratings and feedback and decide whether or not the seller is providing enough evidence of the quality of the diamond offered for sales such as photographs, a grading report or report number that is verifiable.
Consider the method of payment
Each auction site or online retailer has their own way of accepting payment. If you pay with a credit card and there is a problem with the purchase, then most of the credit card companies offer recourse. The use of a check or money order when buying diamonds can end up reducing your options.
Proceed cautiously when dealing with online sites outside your home country
For instance, those people who buy diamonds in the US have options for recourse when they buy from a company found in the US by filing complaints with Federal Trade Commission (FTC), Better Business Bureau, Jewellers’ Vigilance Committee (JVC) and so on or by pursuing a legal case in civil court. However, sites that don’t have a physical presence in your home country may be insulated from recourse and attempts to recover funds can be frustrating.
Have the diamond appraised
After getting your beautiful diamond, have it appraised by an independent appraiser. This appraising will help you confirm that the diamond you bought matches the seller’s description and the paperwork that comes with the diamond. In addition, the appraiser will provide you the value of the diamond for insurance purposes.
View the diamond you want to buy in person
Keep in mind that diamonds that can look almost identical on a grading report, that is same clarity, color, or cut grades can look different from each other when you view them in person.
Therefore, the best way to determine whether or not a certain diamond will suit your needs is by seeing the diamond you want to buy with your own eyes. This is why it is a good idea to look for online sellers with retail stores and/ or easy and flexible return policies.
Anyone out there who wants to buy a diamond online can easily find a diamond that can suit their needs if they know what to look for and what to consider when shopping online. So, follow the recommendations in this article and I assure you that you will be able to easily make a secure and stress-free diamond purchase.