Rules to Follow While Purchasing Loose Diamonds

Loose Cut Diamonds

Diamond Purchasing Tips

Are you thinking why purchase diamonds cut and polished but not mounted on an engagement ring or jewelry setting? Is it that you are planning to buy loose diamonds, and later have them set in your preferred piece, or simply invest in them and convert your liquid money? Many people choose to buy loose cut diamonds as they can have them custom-set in a unique way, which expands their options rather than buying a preset jewelry piece from a store. No matter what you are planning to do, before you purchase loose cut diamonds, simply follow these rules to make the most of the buy.

Understand Diamond Certifications

Before you buy diamonds, it is important to understand the grading report. It is issued by a gemological laboratory that certifies a diamond, so being a third party, it will do it objectively. Usually, GIA, EGL, HRD, IGI, and AGS laboratory certified diamonds are considered reliable. Their grading reports give impartial information about the stone’s characteristics and quality. Trusty certifications let loose diamonds keep their value for a longer time period than preset diamonds sold without a certification.

Note that not all diamonds come with certification due to reasons related to carat weights. It is not practical to take diamonds weighing smaller than 0.50 carats through the rigorous grading process from a cost point of view. Therefore, you will not find melee diamonds with a grading report from the GIA, which is the most trustworthy laboratory certification out there. However, that does not mean that melee diamonds are not valuable.

People choose to purchase loose melee diamonds very rarely though. They are mostly set in an engagement ring setting, and sold as a preset piece. Those who use melees to custom-make or design pieces obtain them from heirloom jewelry – so it will not be a purchase if you have one in your family. If you are buying from an antique store or through an auction, then it is a buy no matter how unlikely that may be.

People purchase loose diamonds especially if they weigh in excess of one carat – otherwise, it will be something closer to their heart that they desperately want them in their custom-made piece. So consider your options before you venture down this route.

Choose between Diamond Quality and Size

When you shop for loose cut diamonds, it is important to consider the size and quality you want. Several people mistakenly feel that purchasing a larger diamond is always the better option, but that is not the case all the time. The larger it gets, the rarer it is to find one with top quality, so make it a point to pay heed to both these characteristics when shopping for loose cut diamonds.

Settle on the factor that you feel the most important before making the buy. To stay inside your diamond budget, you would usually want to have a smaller one with a superior quality rather than one that is larger in size yet lower in quality.

Time Management

Are you planning to gift a diamond or use it to propose marriage to someone? When you purchase diamonds in loose form, make it a point to factor in the required time to not just find and buy it, but also to set the stone in an engagement ring setting. In order to save time, it is best to purchase a diamond and choose the setting in one place or at one go. This way, you will get the advantages of purchasing it while receiving the quickest possible delivery option.

Understand the 4 C’s of a Diamond

First, research the 4 C’s to get an understanding about how diamonds are actually valued. By understanding about them, you can compromise one in favor of another diamond characteristic to make a value for money purchase.

The Color of a diamond refers to its respective grade, which ranges from ‘D’ to ‘Z’, and essentially its appearance. While the former mean colorless diamonds, the latter means light yellow diamonds. More color can actually impede the stone’s fire, which is the prismatic effect of colors that flashes as the natural light passes through a diamond.

On the other hand, the Clarity refers to the grade assigned based on internal or external imperfections of the stone. Just about all diamonds have some or the other inclusions to be considered natural. When the imperfections in a diamond are fewer, the higher is its quality. However, no imperfections mean that it is likely a diamond alternative or a fake stone.

The Carat represents a diamond’s weight, with a carat equaling about 0.20 grams. Finally, a diamond’s Cut determines its eventual shape, symmetry, as well as its light reflection properties. There are several cuts and shapes out there today, with round and loose princess cut diamond being the two most popular options.