How To Buy A Loose Diamond

Buying a loose diamond can be empowering and exciting, but confusing sometimes. You'll want to know some things before you buy a diamond, such as what different color-grading systems mean or how to evaluate the weight of a piece by feeling it. Fuller's Jewelry will give you tips on how to buy loose diamond.

 How to Buy a Loose Diamond

1. Know Your Budget

No matter which kind of diamond you choose to buy, its size and cut will always be dictated by the budget you have set aside for a stone. Therefore, you should know how much money you will spend on a diamond and stick to that number. 

2. Understand the 4CS of Diamond Grading

A loose diamond's cut, color, and clarity can be evaluated before you buy it. The next step you need to learn is the color, clarity, and cut grading system used to judge a diamond's physical characteristics. A loose diamond will have one of four color scale grades, ranging from the whitest to the yellowest. A loose diamond will also be assigned a clarity grade. Flaws visible through magnification are given different rates depending on their visibility.  

3. Get Certification That the Loose Diamond Is What It Claims to Be

Every loose diamond should come with a third-party inspection report, called an appraisal, that verifies its quality and authenticity. The assessment will also give you an idea of how much you should pay for the stone based on its condition and the current market price for loose diamonds.

4. Look Into the Different Types of Loose Diamonds

You have several options when you buy a loose diamond, including cut-only and complete pieces. Cut-only loose diamonds are usually the most affordable, while finished pieces come with mounting hardware and an appraisal. If a whole part is all you can afford, you can purchase a loose diamond from a certified dealer who will also size and mount it in a custom setting.

5. Find a Reputable Dealer to Purchase the Loose Diamond From

You want to buy your loose diamond from someone who will offer you real value for your money. Check out the dealer's reputation before you make a purchase commitment. A reputable dealer will be able to arrange for you to return a loose diamond if you are not satisfied with it. 

To buy a loose diamond, you need to know what you want and how much you will spend on it. You will also like to learn about the diamond-grading system to make an informed choice about which diamond is right for you. Finally, ask for a third-party inspection report to verify that the loose diamond is authentic and high-quality. For more information contact us.