Buying Diamonds on a Budget
8 practical tips for buying a diamond on a small
Very few people can afford to purchase expensive diamonds. In reality, most people
are looking to buy best looking diamond, at the least possible price, for a patricular purpose, be it for an
engagement ring, wedding ring, or any of the other reasons.
|If your budget limits you from buying a large diamond
for your rings,
consider getting three smaller diamonds, which can look just as
beautiful and impressive in your rings.
If you are a diamond shopper that can't just walk into a high-end jewelry store
and buy a 5-carat, D color, Internally Flawless diamond with Ideal cut parameters, you will find these tips very useful.
Like most diamond shoppers, you probably have a limited budget. But you still want
to get the biggest and most beautiful diamond within your budget. Take these simple steps that will ensure you get
the biggest diamond possible that will look beautiful and be appreciated. Also, be mindful of
1. Choose diamond with less than usual carat
Diamonds price per carat increases at the most popular carat weights (0.50, 1.00,
1.25, 1.50, 2.00, etc.) because that is what shoppers request when they go into a jewelry store. Your dollars can
go further buying a diamond that has a carat weight just under those weights. For example, a diamond that weighs
0.90 carats can be the same millimeter diameter as a diamond weighing 1.00 carat but cost $1000 less. The
difference to your eye is almost unnoticable, whereas your budget will go further.
2. Buy the lower color grade diamond that looks
The price of diamonds is very sensitive to color grade, yet most
shoppers have a difficult time seeing the difference between some of the color grades. If you buy the lowest color
grade that looks beautiful to your eyes, the lower price per carat allows you to buy a bigger diamond with your
dollars. The highest color grades (D, E, and F) are categorized as “colorless.” The next color grades (G, H, I, and
J) are “near colorless” and the source of beautiful diamonds at much lower prices. Choose the lower color grade
diamond that's just as beautiful, but costs less.
After you decide to buy a diamond, the first thing
you need to do is
work out your available budget and investigate the
cost of different
size, shape and grade diamonds online.
3. Buy several small diamonds instead of one
A ring with several smaller diamonds is less expensive than a single diamond with
the same total carat
weight. For example, three 0.50 carat diamonds will cost a fraction of
what a single diamond weighing 1.50 carats. The same holds true for a 1.0-carat center stone with 0.25-carat
diamonds on each side. If you want a finger full of diamonds with a limited budget, go for several smaller diamonds
rather than solitaire. This can even look more appealing than a single
4. Choose a diamond that's clean to the eye
All diamonds have inclusions. The question is, can you see those with your
eyes? Once a diamond is clean to the eye (VS2 or good SI1 for brilliant cut
shapes), higher clarity
grades have no impact on the beauty or appearance of a diamond. But
they can add considerably to your expense. Get the lowest clarity grade you
are comfortable with and save a lot of money with no sacrifice in beauty.
5. Select diamond shapes that make it look
The shape of the
diamond can affect the millimeter size. Of course, you should always
get the diamond shape you like best, but some shapes do look larger than other shapes. Ovals, marquises and pear
shaped diamonds generally look larger than round or square diamonds with the same carat weight. Combine this with
the next tip, to make your diamond look larger.
|Beauty is in the eye of beholder. With some smart
when choosing your diamond, you will spend your money wisely
and get the diamond that excites you.
6. Shallower diamonds look bigger than deeper
Even diamonds with the same shape and carat weight can be different sizes. The cut
of the diamond can influence the millimeter size. Shallower diamonds tend to be bigger in length and width than
deeper diamonds. It is similar to two stones of the same weight, one thin and wide, the other thick and short,
making thinner one look bigger. Yes, sometime it it's all about appearances.
7. Type of diamond setting can influence its perceived
The type of setting for your diamond is yet another way to make your diamond look
more beautiful for less money. When you smartly choose the setting for your diamond, it can influence its
perceived size, as well as affect the dollars you have to spend on the diamond. White
gold settings cost about one-third of platinum settings, leaving more money for your diamond. Bezel set diamond or
diamonds with pave around the center stone can make the diamond appear bigger.
|While substance is important when it comes to choosing
diamond for you, the look and appearance to the naked eye make
the difference how you feel about it.
8. Be mindful of retail markup that different retailers
Perhaps the most important factor in getting the biggest diamond for your dollars
is where you purchase it. The retail markup on diamonds can range from well under 10% with online retailers to over
200% at high-end jewelry stores. Finding a retailer with very low overhead and low prices will ensure more of your
dollars go for your diamond. Why spend your money for polished marble floors, fancy display cabinets, and elaborate
store interiors, all things you cannot wear out of the store? Look for the right places to buy diamonds.
Spend your money wisely
In the end, you want to go with the diamond that excites you and makes you happy
every time you wear it. That is the best indicator that you have made the right decision and have the best diamond
for you. The above tips should guide you to make an informed choice and spend your money wisely.