Wednesday, 22 April 2020

Prevent Fraud When Buying a Diamond Ring!


Diamonds are hefty purchases and often represent a significant life event. Due to the popularity of these sparkly gems, diamonds are considered one of the most precious stones in the jewelry industry. With being popular and valuable, there comes imitation and counterfeit. Thus it becomes important that one must understand the concept before buying a Diamond ring.

We present to you some educated tips to prevent fraud when buying a diamond ring.

1 – Prefer A Reputable Jeweler Or Online Retailer:

With the boom in online markets, buying jewelry within your home’s comfort is a common practice. You might come across various discounts and coupons to purchase the diamonds without worrying about the budget. Hence, this is where the fraudsters and imposters arrive. Prefer buying diamond rings from a reputable jeweler locally or a lookup for online retailers with multiple years of online service. Check for customer reviews in both cases. Also, examine if they provide a diamond authenticity certificate and have returns and refund policy.
Diamond engagement rings
2 – Understand The 4 C’s:

Unlike other precious metals, diamonds have complex grading system. The basics include 4C's that determine the quality of a diamond.

Cut: The cut defines the sparkle of a diamond. A perfect cut reflects light and provides radiance, whereas a poorly cut diamond looks dull.

Clarity: Diamonds have tiny imperfections known as inclusions. The lesser the inclusions, the better the diamond will be. Prefer FL(flawless) diamonds.

Color: Color gets defined in grades D to Z. A colorless diamond is expensive and falls under D grade, and the addition of color decreases its cost making it vary till Z grade.

Carat: Carat defines the weight and not the size of the diamond. Even a smaller carat stone can appear larger and magnificent with high cutting grades.

3 – Buy Certified Diamonds:

A diamond certificate determines its authenticity; it will also serve as insurance in case of being duped. Always ensure to buy a diamond that is certified by gemological institutes or grading labs.
Diamond engagement rings
Pro Tip: If in doubt, buy your diamonds using credit cards. So even if you get duped, you can contact your credit card provider to investigate and refund the money. Just ensure the time limit policy of refunding.

Now You Know!

Buying aHaloEngagement ring should always be a precious moment because it signifies the start of a new journey. Let the bling add an element of eternal love and light up the occasion. However, with many fraudsters in the market, you need to be cautious; we hope these tips help you to buy the perfect diamond, hassle-free!

Diamond ring is one of the most expensive purchases of your life. And of course, you would want to buy a genuine diamond ring. This blog shares with you some tips to avoid any fraud.

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