Buying Diamonds Online
With all of the potential for scams regarding diamonds, buying diamonds online almost seems unthinkable! Provided that you are careful, you can safely buy diamonds online.
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Firstly, think about your reasons for wanting to purchase the diamond online, rather than making a purchase from a local jewelry store. The most common reason is price. Online jewelers have the ability to offer shoppers lower prices due to low overheads. However, you must be careful – sometimes a price that is too low is a sure indication of a scam.
One of the best things about buying online is the vast variety. Shopping offline reduces the selection to what is offered in stores in your local area. There are no limits online. However, you must use a great deal of care and consideration before handing your money over to a person that you cannot see and have never met!
Before shopping, learn as much as you can about diamonds – especially cut, color, clarity and carat weights. It will be more difficult for a con artist to rip you off if you are educated about diamonds. As soon as you know more about diamonds, you will be ready to start shopping.
Don’t rush. Don’t purchase the first diamond that you see that interests you. Instead, look for similar diamonds for sale. Make sure you do some comparison shopping to get yourself the best possible price. Start doing your research once you have determined the lowest price. You know about diamonds, you’ve found a diamond that you love, and you’ve found the lowest price – but you are still quite a ways away from actually purchasing that diamond!
You should check into the seller’s credentials, for example memberships of professional jewelry associations. View and print the seller’s return, refund, and upgrade policies. Also inquire about additional services, such as settings and mountings, sizing, and free shipping. Do a search for customer reviews on this particular company around the Internet. Also check with the BBB Online to see if there have been any complaints.
Ask for a diamond grading report from an independent laboratory such as GIA, HRD, EGL or AGS. You should take a look at this before buying. Finally, use a reputable escrow service for high dollar diamonds – preferably one that will have the diamond appraised while it is in their possession. Once the seller has given the diamond to the escrow service, you submit payment for the diamond to the escrow service. The escrow service has the diamond appraised, sends the diamond to you, and sends the money to the seller. This is the best way to protect yourself…again, ensure that you use a trustworthy escrow service!
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