When you buy anything of value, irrespective of whether it is a diamond ring or a property it is usually a genuine concern that you will be taken for a ride. Often when you acquire a diamond ring you can be seen as an quick target. Sadly, like Scottsdale diamonds , you have your sincere and dishonest diamond retailers. But by getting aware of some of the frequent tricks and tactics that they use, you can keep away from the vast majority of rip-offs.
The CTW
You see a sensational ring that has a good hunting diamond in the middle surrounded by smaller sized diamonds. There may perhaps even be diamonds set into the band. The tag says two Carat (ctw) and yet it expenses far less than the single two Carat solitaire diamond next to it.
CTW stands for carat total weight and as the name suggests it is the sum total of the Carats in all the diamonds on the ring. Your fabulous ring may well only have .five Carat in the huge diamond and 1.five Carat in all the smaller sized diamonds place collectively, giving it a total carat weight of two Carat (ctw).
As it is far harder to come across a massive diamond than a little one particular, bigger is absolutely greater when it comes to diamond worth. This is why the two Carat solitaire diamond is worth far extra than the two Carat of diamonds in the ring that you like.
To assure that you get the ideal value ring, make confident that you see the grading certificate of the center diamond, this will tell you the Carat weight of that stone. If the retailer won’t show you this, then leave.
The ‘Grade Bump’
Did you know that jewelers are essentially permitted to promote a diamond as being one particular grade extra than it actually is? This indicates that an advertised 1 Carat diamond with a color grade of G, and clarity grade of VS1 could in fact be a .90 Carat diamond, with a color grade H and clarity of VS2.
Most people say “so what, they each look wonderful never they?’ But at the time of writing, the premium reduce diamond advertised is worth around $6,500, whereas the premium cut diamond that you are in fact receiving is only worth about $4,300. You could have bought the setting for your diamond with the value distinction.
To stay away from this, normally insist on seeing the GIA or AGS certification for your diamond. They are the only way to insure that your diamond is exactly what they say it is.
Laser Drilling
Several diamonds are laser drilled to make any imperfections disappear – this tends to make them appear greater, but also tends to make them additional fragile and much less valuable. If a diamond has been laser drilled it will be noted on the grading certificate.
The Blue-White Diamond
If you go to obtain a diamond ring and the assistant tries to sell you a ‘blue-white’ diamond for a enormous cost then walk out right away – this phrase has practically been outlawed by the FTC. Even if the diamond is a blue-white one, it makes it of lesser value than most other people, not higher.
Diamond Districts
There are particular districts that are a mecca to the average particular person searching to invest in a diamond ring. The most well-known is the New York Diamond District on 47th Street.
While it is the place that important diamond bargains are completed, they are certainly not accomplished at street level. The areas that are on the street are notorious for elaborate swindles and scams that even the most skilled jeweler has problems spotting. Steer properly clear.
The Diamond Switch
This is the one particular that absolutely everyone dreads. You spend for one particular diamond to be set in your ring and basically get yet another. There is only a single way to deal with this – prevention.
When you purchase your diamond get the assistant to write on the receipt the exact Carat, colour, clarity grades and the diamond dimensions on the receipt. Verify these against the diamond certificate when you choose the ring up.
If you do practically nothing else when you buy your diamond ring, please make sure that you get a certified diamond from a properly respected lab like GIA or AGS. This is the most effective way to protect your investment.
