![]() This cookie is set by GDPR Cookie Consent plugin. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. It’s your opportunity to take advantage of it. The power of information and the online buying changed the engagement ring industry. The last thing you want to do is fall for a “too good to be true deal” and get scammed out of a substantial amount of money.įollow these steps and you’ll be buying your loose diamond the same way most dealers themselves are buying and sourcing loose diamonds as well. We do recommend to make sure you’re working with a reputable jeweller. You can even have many jewellers set the diamond for you in a ring setting, if you ask. It will arrive within a few days, as advertised, and you’re all set. Now you’ve turned a seller’s market into a buyer’s market.Īfter you’ve determined the best price for your diamond option and figured out which jeweller to buy from, then purchase the diamond. Send them a list of GIA diamond report numbers and ask them if they can get the diamond for you and at what price. Don’t waste your own time, let the jeweller do the work for you. Once you have begun narrowing these 100,000+ options to a handful, maybe 4 or 5, start exploring everyone’s online inventory. First, do as the typical guides say: learn the 4Cs (Cut, Color, Clarity and Carat), learn about what makes diamonds unique and how diamonds are priced and then begin comparing options that back into a budget. ![]() Okay so now that you’re aware of the benefits of buying loose diamonds online, how do you actually do it? Well, you’re going to want to research and self-educate. You’ve unlocked this opportunity by looking online. We can bet that in 9 out of 10 situations, the diamond is available to multiple jewellers. Talk to several jewellers and see who will provide the best price, once you’ve selected your diamond. We cannot stress enough that you should use the internet as your leverage here. The excess inventory allows you to price compare all the available options and make an informed decision, plus choose diamonds of similar quality with slightly varying prices. ![]() This is where browsing loose diamond inventory online comes in handy. If a diamond is priced very low, there’s a quality-driven reason. The market corrects itself with comparable diamonds and creates standardized pricing. The diamond market is very similar to real estate. The prices are stiff and “a deal” is never a deal. In-shop, you’re again limited by the lack of inventory. With the ability to source so many types of diamonds, the diamond itself has become a bit of a commodity, with its price dictated by the quality assessed on its GIA diamond grading report. With so many options, buying a loose diamond this way beats the shop experience because now you’re in the driver’s seat. Therefore, they’re able to provide you with a listing of those 100,000+ options, giving you the ability to compare lots of options. Many jewellers plug into the same or similar suppliers of GIA certified diamonds, or have access to the manufacturing supplier. ![]() That would mean they’re housing over $500 million worth of inventory. It’s that astonishing! Everyone seems to boast an inventory of over 100,000 diamonds. About 95% of all online diamond dealers/jewellers have little or no inventory. Online gives you the ability to go “direct to manufacturer.” Not only are you going direct to a manufacturer, but you’re potentially accessing hundreds of dealers and manufacturers. Therefore, you’re stuck with what’s available at that given time when you go in-shop. ![]() Because diamonds are so expensive, it’s not possible to stock very many options. ![]()
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