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How to Buy a Diamond: The facts you need to know when purchasing a diamond

You may hear that the cost of an engagement ring should run about 2 months’ salary, but not anymore! With changing times, budgets are also changing. Customizing a ring is the perfect way to get exactly the design you want while still staying within a budget still staying within a budget.

According to a survey done by JCK online, 60% of all respondents “would rather have a smaller, better quality diamond than a larger stone of lesser quality.” Buying a diamond is a very important decision and you should be as educated as possible when the time comes!

There is an abundant of information available and the process can become overwhelming.  This brochure will help you better understand diamonds and the process of buying one.

The 4 C’s

Every diamond is graded by defining the 4 C’s: Color, Cut, Clarity, Carat

Color: A color scale created by the Gemological Institute of American (G.I.A.) grades diamond by its deficiency of color: Colorless, Near Colorless, Faint, Very Light, Light.  Each diamond is assigned a color grade which ranges from D-Z. The most colorless diamond is ideal.

Cut: Diamonds begin as a rough crystal.  Expert diamond cutters can cut a diamond to display its true beauty.  An excellent cut bring a diamond to its ultimate beauty.  There are a variety of shapes that diamonds can be cut into such as: Round, Pear, Oval, Emerald and Princess.

Clarity:  A clarity scale created by the Gemological Institute of American (G.I.A.) grades diamond by its clarity. Markings and inclusions can be seen by the naked eye and in turn downgrade the value.  Each diamond is assigned a clarity grade which ranges from Internally Flawless-Obvious Inclusions.

Carat: Carat is the weight of the diamond.  Each carat equals 100 points. The higher the carat weight the larger the diamond and more valuable.

Diamond certifications give buyers extra assurance when purchasing a diamond.  Both Institutes have expert diamond graders determine the quality of the diamond and certify it. The certification acts as an identification document proving the diamonds quality and raises its value.

Buying Tips

  • Review diamonds loose not in a setting.  A setting can hide imperfections.
  • Look at a variety of diamonds for comparison
  • Beware of purchasing diamonds online
  • Once purchased, insure your diamond with a reputable insurance company

Finding the perfect diamond to represent a milestone in your life should be a positive and exciting experience but purchasing a diamond for the first time can be a confusing task. We hope that this article gave you insight on how to buy a diamond.