Buying diamonds online almost appears absurd, given the possibility of diamond scams! Provided that you are careful, you can safely buy diamonds online.
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First of all, you should determine your reasons for shopping online rather than buying the diamond from your local jewelry store. The most usual reason is cost. Because of low overhead costs, online wholesalers and jewelers are able to offer lower prices. Nonetheless, you must be cautious as a price that is too low can be a clue that it is a scam.
One of the best things about buying online is the vast selection. When shopping offline, you are restricted to the selection in the stores in your general area. There are no limits online. But again, you must use a great deal of caution before handing your money over to a person that you cannot see and have never met!
Before shopping, learn as much as you can about diamonds – especially cut, color, clarity and carat weights. It will be more difficult for a con artist to rip you off if you are educated about diamonds. You will be ready to buy online once you have learnt more about diamonds.
Take your time. Don’t buy the first diamond you like. Instead, look for similar diamonds for sale. To find the best prices, do some comparison shopping. Once you have found the lowest price, start doing your investigation. You know about diamonds, you’ve found a diamond that appeals to you, and you’ve found the lowest price – but you are still quite a ways away from actually acquiring that diamond!
Enquire about the seller’s qualifications, for instance professional jewelry associations to which they may belong. Check out and print the seller’s refund, return, and upgrade policies. As well, check into other services, for example mountings, settings, free shipping and sizing. Look on the internet for customer reviews for this particular company. Also check with the BBB Online to see if there have been any complaints.
Ask for a diamond grading report from an independent laboratory such as GIA, HRD, EGL or AGS. This should be seen prior to making a purchase. Finally, use a reputable escrow service for high dollar diamonds – preferably one that will have the diamond appraised while it is in their possession. The diamond is sent to the escrow service by the seller, and then you send payment for the diamond to the escrow service. The escrow service has the diamond appraised, sends the diamond to you, and sends the money to the seller. This is the best way to protect yourself…again, ensure that you use a trustworthy escrow service!
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