The most precious of them all, Diamond is loved and cherished all around the world. People who can afford this expensive and valuable stone know it’s worth and buy them very carefully. This valuable and big purchase of diamond jewelry should be well researched and careful because one may spend their life savings in buying those luxurious diamonds. There are so many things to consider before buying a diamond and if you don’t follow them you may go wrong in so many ways and lose your money. So here are some of the common mistakes diamond jewelry buyers make while spending their loads on these gems.
Mistake 1: Not Setting a Budget:
People often tend to get excited when they see a big extravagant diamond or a luxurious design of diamond jewelry. They feel the need and urge to buy that specific diamond jewelry no matter how expensive it is and in this way, they may spend more than they want. It is OK and necessary to set a budget and spend accordingly when you are going on diamond jewelry shopping.
Mistake 2: Underestimating Design and Setting:
Diamond jewelry buyers may look for big designs and several diamonds on the jewelry items. The setting and design of the item matter a lot like a simple but high-quality diamond jewelry item that will cost less than an item with more diamonds. Always go for a custom design and setting of the diamond jewelry, in this way you can easily choose the diamonds and design according to your budget.
Mistake 3: Jewelers are Diamond Experts:
People think that what the jeweler is saying is the last word; he/she has all the knowledge about diamond quality, cuts, clarity, color, and carat weight. But the truth is many of them are just there to sell their product. So do your research about the diamond’s quality and the 4Cs. Be prepared and informed enough when you are going to buy the diamonds.
Mistake 4: Not all Reports are Verified and Authentic:
When you ask for the diamond grades and authenticity reports, don’t just settle on any report. Always look for an authentic report by the American Gem Society (AGS) and the Gemological Institute of America (GIA). These are the only non-profit reports that you can trust.
Mistake 5: Not Testing Before Buying:
After being assured about the quality and grading don’t just buy right away. Test and compare your deal with others in the market. There are so many algorithms available in the market that helps you in comparing and assuring that you are getting the right deal. Many of the people who buy diamond jewelry are still not satisfied and not sure if they buy a good deal. So it is important to compare and test the items before buying.
We hope after reading these common diamond jewelry buyers' mistakes, you will be more careful and informed before buying those precious gems. Diamonds are a huge investment so take your time, consult with experts, and don’t rush the purchase.