How To Buy Diamonds
Everybody loves diamonds and no one looks terrible in diamonds, do they? It is not really within the remit of this piece to suggest whether diamonds are a good investment or not, but their perceived worth is enormous. Instead, I would like to discuss where the best place to purchase a diamond is, since it is more important that you buy your diamond from a trustworthy merchant with a guarantee than that you believe you got a good trade on eBay by purchasing somone’s grandmother’s engagement ring, which may not be genuine.
Therefore, before you begin browsing for diamonds, consider dealing with a bonded jeweller. Bonded jewellers sell bonded diamonds and there are not many bonded jewellers in the world. In deed, of the jewellers in the world, only roughly 5% of them are bonded.
Buying a bonded diamond will cost more than purchasing a non-bonded diamond, but when you look at what you get with the bonded alternative, you will perceive that it is well worth the extra expenditure.
Firstly, bonded diamonds have a buy-back guarantee for the existence of the diamond. No matter how long you keep the diamond, you can take it back to the bonded jeweller and sell it back to him or her, for a 100% refund.
If a jeweller does not offer a 100% buy-back promise, for the life of the diamond, then you should take a closer look at the diamond to see what is wrong with it. Only joking, they will always offer you a 100% buy-back guarantee or tell you why not.
Bonded diamonds also have a breakage policy. If the stone breaks or chips, the bonded jeweller will replace it with a new one – one time. No jeweller would ever offer such a policy on any stone that was not 100% natural, so just the offer of such a policy should give you peace of mind concerning the quality of the diamond. Bonded diamonds are natural and untreated.
Bonded diamonds improve in value, with a fixed appreciation rate that is intended to keep up with inflation. This means that a diamond that is valued at a particular amount of money today will be worth more in the future, as the price of diamonds continues to rise. This normally does not relate to buy-backs, although. It typically applies to trade-ins.
On the other hand, by purchasing a bonded diamond, you are sheltered against the possibility of a market crash. If a market crash does happen, the value of diamonds will drop. However, the bonded jeweller promises to refund you the difference between what the diamond is now worth and what you paid for it before the market crash.
It could be tricky to find a bonded jeweller in your vicinity, but if you can, this is who you need to do business with, as opposed to dealing with a non-bonded jeweller. Specifically inform the jeweller that you are only interested in bonded diamonds. You can discover a bonded jeweller in your area by using various online resources like Google or Yahoo, or by calling the local jewellery stores.
