Diamonds are indeed a unique object to own. They are virtually priceless and it would be nice to own such a rare item.
Buying your first diamond will be a difficult task that requires you to get the highest value for your money. The diamond market does not just deal in polished diamonds as you can also find a rough diamond for sale anywhere. It will require some research to understand how to select a diamond.
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To help you understand what to look for in your first diamond here are tips to understand the evaluation of a diamond. This checklist should aid you in finding the right diamond to compliment you. A diamond can be kept as a collection item or used to design your own jewellery.
Research about the four C”s
The four C” are used by diamond grading institutes to grade a diamond. These parameters have been set by GIA (Gemological Institute of America) and are followed throughout the world when valuing diamonds. This is what they stand for:
- Carat value is the weight of the diamond. One carat is 0.2 grams in normal weight values. Decent weight ranges from one to three carats. But the most affordable is 0.5 to 1 carat.
- Clarity describes the internal or surface-dwelling imperfections of a diamond. These are called inclusions when inside the diamond and blemishes, when on the surface of the diamond.
- Colour defines the stone colour. The ideal diamond should be colourless. As slight colours are observed in a diamond, its value decreases.
- Cut decides how sparkling and shiny a diamond is. A diamond should be cut in a way that maximizes the facets of the diamond. This way it reflects most light and sparkles more.
Decide which C is most important for you
After understanding what the four parameters are will help you to establish which one is most important for you. It could be carat value, cut, or even colour that you are more concerned with.
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Generally, it is wise to get a diamond which has good clarity for the carat value. As your first diamond purchase, a small weight should be good enough. The carat weight should be a minimum of 0.5 carats as this is the lowest most decent weight for a diamond. The colour should be colourless and there is no need to refine this quality and pay extra for better gradings.
Budget is crucial!
It is easy to get carried away while shopping for diamonds. To avoid overspending or buying an overpriced diamond, you will have to set a budget and stick to it! Also, having a budget helps to give your diamond buying journey a starting point.
You can start looking at diamonds within certain price brackets. It is not wise spending a ridiculous amount of money on your very first diamond, you are better off saving this money for your next diamond. A decent budget should be set, not too much, and not too little. With this budget you should prioritise to get the best diamond available at the price you can afford.
Is the diamond certified?
A diamond should never be purchased without legal or approved documents that state it is genuine and legally obtained. Without this you have no proof of the diamond legitimacy. Insist on getting them and make sure you specifically ask about these documents before handing over any money.
The certificate also has important details about the diamond such as carat weight and quality gradings. All these are GIA approved gradings that will help if you plan to sell the diamond at any point in time.
Size is not everything
“The bigger the better”. This is NOT a quote that applies when buying a diamond. The one quality of a diamond that allocates the value of a diamond is its clarity. The higher the clarity, the better or more valuable a diamond is. This simply means a small diamond of excellent clarity is a better investment than a large diamond with low quality. Avoid being conned by salesmen that larger diamonds are everything. Besides it is your first diamond, better to go small unless you have an endless budget! Do not let your eyes fool you when it comes to size over quality.
Penny wise, pound foolish!
It is important for you to assess the quality on offer for the price you are about to pay. This is to guard against paying more than what you should be paying for a diamond of that quality. Spotting a large difference between the two can be difficult or disguised as other charges. You can have a look at other diamond stores and compare the prices for the same diamond characteristics. There is also no use in buying a small diamond with the “best” gradings as it will have the same effects as a diamond with good gradings. You should know when you are getting a great deal and when you are being scammed!
Opt for standard clarity and colour gradings
The GIA grading system grades a diamond’s clarity based on the presence or absence of imperfections inside or on the surface of the diamond. The clarity of a diamond ranges from Internally Flawless to Imperfect.
The gap between very slight inclusions and slight inclusions is very small. So, it is better to buy one of lower cost. When it comes to diamond color, the diamond should appear colourless to the naked eye. There is no need to exceed this property grading.
Getting the highest colour rating can be expensive. Getting a moderate combination of both colour and clarity will be crucial to assuring a diamond of premium quality that is worth your money.
Buying a diamond for the first time is no easy task as you will want the best your money can buy. Hopefully you will find this task less daunting with our tips that show you what to expect and what to look for in your first diamond. If you follow it well, you are bound to get a diamond that suits your needs and fits your pocket as well! Good luck, and happy diamond shopping.