As one of the most prominent gems, diamonds have long enjoyed their share of fame in gemstone history. They’ve been worshipped, cherished, fought for, and seen as a symbol for power and wealth dating as far back as 4000 years ago. Legends and tales relating to this spectacular gem go from terrifying real life curses to fairy tales that enchant our children on a daily basis.
No matter how small, even a chip of diamond can be used tastefully to create that extra pizzaz on a piece of jewelry. If you are in the market to buy loose diamonds, the process isn’t as complicated as one might think, especially if you are looking for quality stones priced over $2,000. Just follow these steps, and you can be confident in your purchase:
Establish a budget target, then establish a 5% budget range. If your budget target is $5000, then your budget range should be between $4750-$5250.
Decide on the shape of diamond that you want. Common shapes are round, princess, emerald, oval, radiant, baguette, marquise, pear, and trillion.
Decide on the carat size. Usually, the magic number is 1 carat. Anything larger increases her bragging rights and the envy of all her bridesmaids. For people of higher social status, 2 or 3 carat diamond rings are common sizes to showcase your ability to afford these rings. You can get more details on three carat size diamond rings here…
Then find the best color/clarity diamond that meets your budget requirement and carat requirement. At worst, the color should be HI and the clarity should be SI2. If you can’t tell the difference between a HI/SI2 diamond and a perfect one that is twice as expensive, neither can she nor her friends. Do not be fooled into buying a 3 carat rock that is yellowish and doesn’t sparkle, just because it is big.
So you have your budget, shape, size, and quality. Now shop around with various jewelers who provide a GIA or EGL certificate. When comparing different jewelers, try to keep as many variables as close to each other as possible, so you are comparing apples to apples.