Diamonds are some of the most valuable stones on the planet. Not only have these gems been used to adorn jewelry for thousands of years, but their popularity has risen to stellar heights in recent times. This is why a growing number of consumers are curious to learn about what to look for when purchasing a loose diamond (a diamond that has not yet been fitted into any type of jewelry). Let us first look at some basic professional suggestions before examining a handful of tips that might come as a bit of a surprise.
Initial Steps
Always begin by determining how much you can afford to spend. This will allow you to find diamonds that are well within your budget. Take into account that most dealers will provide you with a monthly payment plan after the initial deposit has been made.
Experts recommend that you base your final decision upon how much you would expect to earn in three months at your current place of employment. This is a great method to avoid spending too much as well as to better appreciate the range of stones at your disposal.
The Importance of the Four “C’s”
There are four main characteristics which serve to define the quality of a diamond:
- Cut
- Color
- Carat
- Clarity
Out of these four, clarity is arguably the most important. Diamonds with fewer inclusions (small mineral deposits known as imperfections) are highly valuable and quite rare.
Diamond Grades
The four C’s outlined above will all be used to determine what is known as the grade of a diamond. Professional grading specialists take a great deal of time to examine each stone before assigning it with a score based upon these variables. Here is a quick breakdown of the most commonly used grading system:
- Flawless
- Internally flawless
- Very, very slightly included
- Slightly included
- Included
So, it only stands to reason that a diamond graded as internally flawless will be associated with a much higher price when compared with one that is slightly included.
The Critical Role of an Accredited Dealer
Due to the sheer value of these stones, it is important to only work with firms that have been recognized by international organizations. These are the American Gem Society (AGS) and the Gemological Institute of America (GIA). This type of accreditation illustrates the professional in question knows what to look for when pricing a diamond. Furthermore, the documentation provided after purchase will ensure the authenticity of the stone itself.
Whether you wish to purchase a loose diamond as a form of investment or you are hoping to propose to a loved one in the near future, it is always prudent to know what to look out for. When in doubt, make it point to speak with a properly certified dealer. He or she will be capable of answering any additional questions.
Looking for a Philadelphia Area Jeweler?
Our favorite jewelers in greater Philadelphia are L Priori Jewelry and Harry Merrill & Sons. Both of these fantastic teams have incredible experience to help you source the best loose diamond to build the perfect custom engagement ring.
