Buying diamonds might be one of the costliest purchases you might be making in your lifetime. Therefore, you have to take great care not to get duped when buying these stones. You can encounter different scams when buying these stones, especially, if you choose to buy diamonds online. So make sure that you have enough knowledge about diamonds and the different parameters that can affect their value and price. This can help you to avoid getting cheated when buying these costly gemstones.
If you are planning to buy diamonds but are worried about getting duped, then this article can be helpful for you. We list some of the scams existing in this industry so that you can avoid them:
Uncertified Diamonds
Jewelers might offer you uncertified diamonds for cheaper rates when compared to certified diamonds. Hence, it can be possible for you to fall for this scam, especially, if you are on a low budget.
However, be aware that there can be a reason why jewelers try to sell uncertified diamonds for lower rates instead of certifying them. Most uncertified diamonds can be of low quality, hence, if they are certified, there is a great possibility for the buyers to reject these stones. This is one of the most common reasons why jewelers are not certifying their diamonds. They might have poor cut quality or higher amounts of inclusions. But there is no way for you to find out these flaws unless you are an expert in this field.
So always get certified diamonds, as the grading reports that come with them will help you to identify the value of these stones so that you can pay accordingly. This is extremely important when buying diamonds from online diamond retailers, as you won’t be able to see the diamonds in person when getting them. Therefore, the only way for you to ensure the quality of your diamonds is by analyzing the certificate.
Discounted Rates
Discounted rates are one of the common tactics adopted by jewelers to attract customers. They might offer a huge discount on their prices so the customers will believe that it is the right time to purchase a diamond. But don’t fall for these scams.
In most cases, the jewelers will increase the price of a piece of jewelry by 200-300% before offering a 70% discount. Hence, you will end up paying a huge price than the original value of the diamond even after the discounted rate.
So remember these factors when buying diamonds. If your jeweler tries to sell uncertified diamonds for unbelievably lower price ranges, then it is better to walk away, as this is clearly a scam.