If you are planning on buying a diamond consider going online, as online stores offers the lowest discounts, most competitive prices and you can compare a wide range diamonds and their prices from a huge collection of stores online. As long as you know how to buy a diamond online it is a very safe, secure, convenient and tax free option (in most cases anyway).
Here are a few tips on how to buy a diamond online a secure and pleasurable experience.
Tip #1: Learn how to decipher the diamond language
A little bit of digging around the internet will help you learn all you need to know about how diamonds are graded by bodies such as the Gemological Institute of America (GIA), American Gemological Society (AGS) etc and what you need to look for when you buy a diamond. Viewing diamonds from a picture is not appealing however if you can read the description on the grading report you will be able to know exactly what the diamond will look like.
Tip #2: Look for reputable online stores
Any reputable online vendor will have a certification from various bodies for example Better Business Bureau (BBB) on the internet, which ensures that they follow ethical and honest business practices. Also look for their affiliations to various public or professional trade organizations within their sphere of the industry for example association with the Jewelers Board of Trade (JBT) etc.
Tip #3: Do not settle early
If you find a diamond of your liking within your budget range, do not immediately settle for it. Check around for other diamonds for a similar price and see if you are getting a good deal or not.
Tip #4: Always have it appraised
This is for any diamond regardless of where you buy it. It is very important that you have it appraised by an independent appraiser. Do not settle for an in-house appraiser either, rather have it taken to a fully independent appraiser who not affiliated to the vendor in anyway. Also stay away from an appraiser who makes recommendations on where to buy.
Tip #5: Return policy
Always check the fine print of the vendor return policy and make sure that things are listed out clearly for you to understand. If it is confusing and you do not understand it properly walk away from the vendor or ask for clarification. Most reputable vendors will guarantee their product and will accept a return if their grading report and an independent appraiser’s grading report do not match.
Tip #6: Shipping issues
Always check the sealed package for signs of tampering or damage before you accept it. The package remains insured by the vendor or the appraiser up until you sign for the package. Once you have signed it, the insurance expires and full responsibility for the diamonds is transferred to you, therefore inspect the package carefully. If you suspect tampering, do not sign for the package but have it returned and contact the courier company immediately.
Tip #7: Payment issues
One good reason to how to buy a diamond online is because you use credit cards to buy which offers protection against fraud from vendors by misrepresenting diamonds. But always check with your credit card company for information on charge back issues.