Stamp expert & buyer with over 40 years of experience.
Before Meeting with Your Diamond Broker
Buying a diamond is a significant step, and it's important to know a bit about the process before making the jump. Is it time to get an engagement ring, or some special gold jewelry? Or perhaps you're looking for a necklace, bracelet, or earrings for an anniversary gift? A diamond broker, or buyer, will offer the best quality for your dollar because it cuts out the middle man. Before you contact a broker, however, consider what you need to know about a diamond to become an educated consumer.
Cut – The cut of the diamond not only dictates its circumference and shape, but also the brilliance, or sparkle.
Color – Most diamonds do not have a color, so to speak, but many can have a hue, or shade of color, such as yellow. One of the factors in determining the quality of the diamond is assessing the color. A near-colorless diamond is especially important for an engagement ring. If you're buying a smaller diamond for gold earrings, for example, a slightly yellow color may go unnoticed.
Clarity – Some diamonds can come with imperfections, or inclusions, that might look like chips or cloudy spots. The fewer the inclusions in a diamond, the better the clarity and higher the value.
Appraisal – It's also important to get an appraisal with the purchase of your diamond. This is a certified document that guarantees the value and quality of your gemstone.
Size – The size of a diamond is measured in carats. Most jewelry stores don't carry diamonds above 1.0 carat, but diamond brokers can find dealers that carry larger sizes of varying shape and quality.
Exotic – Aside from the traditional diamond, you might also be interested in rare pink, yellow, or antique diamonds for a more unique look.
Diamond buyers purchase diamonds in bulk for resale. The price that buyers pay depends on cut, color, clarity, and carat. Diamonds— hard, reflective crystalline forms of carbon that are usually colorless— are used in all kinds of jewelry. They are mainly seen in engagement rings but are also often part of wedding rings, necklaces, bracelets, and earrings. Diamonds are truly timeless beauty accessories that never go out of style. Price fluctuates with the market, depending on supply and demand. Brokers and buyers purchase loose diamonds for sale to retailers, jewelers, and other consumers. They buy from distributors and manufacturers at a bulk discount. Diamond buyers may also purchase other loose stones, gems, gold, and silver. Trade companies sell diamonds directly to retailers. They may sell loose diamonds or the completed products, such as engagement rings and other pieces of jewelry. The price is dependent on a grading system, taking into account the number of carats in the stone and other parameters. It is best to obtain conflict-free diamonds of guaranteed certified origin. Some buyers specialize in vintage items, while others specialize in designer imports. Consumers can get appraisals to make sure the price is fair. Each year, millions of carats in rough diamonds are produced, making this industry one of the biggest. Why are diamonds so highly regarded in today's society? Perhaps a look back into history is needed to appreciate when these stones became so revered. Three thousand years ago in India, diamonds were first known for their value because they refracted light so well. Although originally used for decoration, diamonds were also used to ward off evil spirits or for protection in fights. Consumers can learn more about fine diamonds on the Internet or from a local jeweler.