Diamond Buying Tips
You may experience uncertainty when purchasing a diamond, particularly an engagement diamond. This is not unjustified with the increased incidence of treated diamonds, synthetic diamonds and diamond simulants, no to mention incorrectly certified or graded diamonds.
Some Quick Tips:
- Buy from a reputable jeweller. A reputable jeweller sells with genuine diamond grading certificates.
- Buy with a diamond grading certificate from an independent and recognised diamond grading laboratory. This ensures you have a natural, untreated diamond that has been graded accurately. DCLA is the only independent and internationally recognised laboratory in Australia.
- Note that a “valuation” or “appraisal” is NOT a certificate.
- Read the certificate carefully to ensure that you make an informed decision
- Price comparison is only possible if you are comparing certified diamonds. Diamond Certification allows you to compare prices without unknowingly sacrificing quality or natural origin.
- Be cautious of “sales” which appear to be genuine but are nothing more than a large discount off an inflated price. If it seems to good to be true, it probably is.
- Be cautious of internet retailers offering a huge selection of diamonds. Often many are not available - this is a classic baiting scam.
- Buy a diamond that is cold laser inscribed. This identifies the diamond and ensures you get the one described by the diamond’s certificate.
- Do not buy your diamond overseas, buy locally. This ensures you have recourse if anything is wrong.
- Diamonds are priced the same way worldwide -there are no cheap diamonds, only lower quality.
- Never buy a diamond without seeing it first. The internet has become the perfect marketplace for selling the “leftovers,” which are impossible to sell for the asking price through traditional diamond channels.
- Do not buy a diamond with a bogus or in-house diamond “certificate”. If you are unsure, do your research on the laboratory that issued the report. Examples of in-house “certificates” are manufacturer reports and appraisals generated by the seller.
- The seller’s valuation or certificate it is not independent and may be overstated. Genuine diamond grading laboratories do not sell diamonds nor do the employees have any interests in the jewellery trade, as this represents a significant conflict of interest.
- Do not accept unknown diamond certificates or photocopies of the original diamond certificate.
- Never shop based on price alone - this generally results in a lower quality, not a better deal. Generally speaking, you will get what you pay for.
Knowledge is key to any decision. Certification is vitally important to ensure you make an informed diamond purchase.
For more information, feel free to contact the DCLA on our Diamond ‘Trustline,’ established as a hotline for all of your diamond inquiries.
The diamond trading floor that gives all diamond buyers direct access to DCLA guaranteed diamonds from Australian diamond dealers.
Tuesday 25 April, 2017
CHRISTIE’S TO OFFER 92CT. PENDANT
A 92.15 carat diamond pendant worth up to $20 million will lead Christie’s Magnificent Jewels auction in Geneva next month.
Thursday 20 April, 2017
GRAFF UNVEILS 105-CARAT D-FLAWLESS DIAMOND
Graff Diamonds has unveiled the 105.07 carat D flawless pear shaped diamond, it has named the Graff Vendôme after its new retail outlet at Place Vendôme in Paris.
Monday 10 April, 2017
LETSENG MINE YIELDS 114CT. DIAMOND
Gem Diamonds has found a 114-carat rough diamond at its Letšeng mine in Lesotho, the miner reported Friday.
Tuesday 4 April, 2017
SOTHEBY'S SELLS 59.6 CARAT PINK FOR $94.2 MILLION AUD
Steinmetz Diamonds owned by Israeli billionaire Benny Steinmetz, spent two years cutting and polishing the Rough diamond. Which was mined by De Beers in Botswana, Southern Africa.
Thursday 30 March, 2017
DE BEERS, LUK FOOK TO CO-BRAND GRADING REPORTS
Tuesday 21 March, 2017
59.6 CARAT VIVID PINK DIAMOND
Sotheby's plans to auction the famous "Pink Star" diamond an internally flawless, fancy vivid pink stone at its sale in Hong Kong on April 4.
Wednesday 8 March, 2017
GIA FINDS SIGNIFICANT UNDISCLOSED SYNTHETICS
The Gemological Institute of America (GIA) recently uncovered an unusually large number of undisclosed synthetic diamonds mixed in with natural melee diamonds, the lab confirmed with Rapaport News on Monday.