Will Purchasing Loose Diamonds Give You More for Your Money?

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There are several reasons why you may be thinking about purchasing loose diamonds. Arguably, the most common involves the simple fact that diamonds represent an excellent long-term investment opportunity (they tend to accrue value over time). Loose diamonds can also be a great idea if you are hoping to craft an entirely unique piece of jewelry such as an engagement ring or a brooch. However, can you actually save money by purchasing loose diamonds? Let us take a look at some of the reasons why standalone diamonds could be an excellent solution for your requirements.

A Massive Variety to Examine

Similar to any asset, the price of a value is determined by two factors: supply and demand. The one advantage which you can leverage when purchasing loose stones is the simple fact that there are countless options to choose from. Thus, the chances are high that you will be able to find more amenable prices when compared to a diamond that has already been mounted.

The Cost of Craftsmanship

Imagine for a moment that you are comparing the cost of a round brilliant cut diamond and a similar stone that has already been set within an engagement ring. It should be obvious that the ring will be priced higher. Remember that you are not only paying for the stone when purchasing a piece of jewelry. You are also accounting for the precious metals used as well as the labor that was required to create the finished product. Therefore, purchasing a loose stone is the best strategy if you are overly concerned about the four C’s (color, cut, clarity and carat).

An Issue of Trust?

Some individuals are wary about purchasing loose diamonds, as they might not be certain of their origins. Furthermore, any gemstone that does not possess the proper certification may be overpriced by unscrupulous dealers. This is why obtaining certified loose diamonds is the best way to ensure that you have chosen a quality product. In the United States, this type of documentation is associated with the Gemological Institute of America (GIA) and the American Gem Society (AGS). Furthermore, it is possible to guarantee that you have not purchased a conflict diamond if it has been provided with a Kimberley Process (KP) certificate.

Cutting the Middleman Out of the Equation

We need to remember that purchasing loose diamonds will also save you money when compared to relying upon a retail seller. Of course, this arises from the commissions that you would otherwise be required to cover. The best way to determine how much you could potentially save is to examine a loose diamond from a reputable online source and compare it with the price offered by a retail outlet. The chances are high that you will notice a massive difference.

Not only are loose diamonds spectacular ways to create a unique piece of jewelry, but they represent excellent investment opportunities. Working with a certified supplier will ensure that you get the most for your money.

Source: VENTS MAGAZINE

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