Tuesday, August 19, 2014

Most Common Mistakes on Buying a Diamond


1) Supposing that all that you need to know in a diamond are disclosed in the certificate which value or price is justified by the certificate
Aside from the 4 C's, most buyers prefer to evaluate the value of a stone by its depth and table percentages. While these measures can be helpful to identify which stones are properly cut, no one not even an expert can assure that a diamond is excellent by merely looking on the numbers in the certificate. A cutter can apply an angle shifting technique resulting in depth and table percentages that appear to be right on the certificate but oppositely displayed in the actual stone. They can always make a diamond "paper attractive". Hence, examining a diamond in actual is very crucial before making a purchase.
2) Supposing that all diamonds of similar color, clarity and cut grade are the same
GIA as one of the most legitimate diamond graders in the industry has made its way in employing a new cut grading system especially for round stones.  But one cannot take GIA grading as an absolute basis particularly on color, clarity and cut grading . An excellent cut grade to GIA maybe just be a very good or good cut to another diamond grader. Grading is always bound to a gemologist's subjective opinion. Looking at the actual diamond and comparing it to other ones of the same quality is so important in order to get the best stone.
3) Supposing that everyone selling diamonds is a graduate gemologist
This is the most significant question a consumer DON'T ask: "Are you a (GIA) Graduate Gemologist?"  This question should be thrown before making your appointment with the diamond dealer. And since there are no federal or state qualifications, licensing or training required for a diamond seller, a buyer must ask to see their credentials. An office or store location also counts in verifying the seller's credibility.
4) Supposing that color and clarity are the major factors in determining the diamond price
Basing the value of a diamond on color and clarity is a wrong perception. The biggest determining factor in diamond pricing is the cut. Color and clarity grade of a diamond affects the price range and usually overlaps. The cut alone can add as much as 50% difference in pricing for a particular color and clarity grading. Some other flaws in the diamond material may also cause another 25% difference. With these, it is clear that there can be about 75% variation in the pricing of two diamonds of the same weight, color and clarity. A gemologist also considers other characteristics of a diamond before making a judgment on the totality of a diamond.
5) Supposing that having a particular color and clarity grade and then looking for the lowest price will lead to the best diamond.
Shopping for color and clarity grades versus prices of diamonds in order to get the best value is not always favorably  effective to a buyer. More often, the lowest priced diamond of good color and clarity has the lowest cut or with flaws in diamond material, so one must be very careful for diamonds with "bargain price"! Always be reminded that each grade combination falls under range of prices so that you won't be victimized by a dealer whose stone seems to have the "best price" but the most inferior  in that grade class.
6.) Supposing that all diamonds are well cut
This is another myth that most buyers fall into trap. Statistic reports show that 95% of all diamonds cut are not correctly proportioned. And this is mainly brought about by the original shape of a rough diamond crystal. The further a diamond cutter deviates from the ideal proportion pattern of a diamond, the more carat weight he can be able to retain on the stone. This can be illustrated by a rough diamond which, if cut to an ideal proportion, would turn into 0.90 carat weight. But in order to achieve a bigger stone, a cutter can compromise the quality of cut by keeping a 1.00 carat size stone through cutting it with a high crown and deep pavilion. Consequently, this reduces the brilliance due to the angles of the facets that are incorrectly done. The jeweler can then make the consumer believe that the latter is getting a good deal of a 1.00 carat for the same price of a 0.90 carat well-cut diamond.
7.) Supposing that every diamond dealer has proper diamond grading standards
Bigger and better quality stones must only be bought with a certificate from a well-established laboratory such as GIA and EGL. But for smaller or lesser quality diamonds normally set in pendants, tennis bracelets and stud earrings do not always come with certificate, thus, making many dealers over grade the stones they are selling for a higher price. It is advisable to extensively check the credibility and reputation of a seller before buying the diamond.




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