Just like any other industry, the diamond jewelry sector also has many fraudsters or scammers. With the continually growing diamond market, you can easily be swindled when purchasing diamond jewelry. Rates have come down drastically thanks to lab grown diamonds. However, you must be careful of jewelry deals that are so impressive that they seem barely believable. Here, we will discuss some reasons to avoid making a cheap diamond purchase.
It Might Not Be A Diamond
A diamond is a brilliant stone. Several other gems look like it, but their prices are relatively low. Therefore, when you come across a cheap diamond jewelry deal, it perhaps pertains to a different gemstone. For instance, that jewelry piece may feature cubic zirconia or moissanite.
It Is Perhaps Not Certified
The price of a diamond may be so less if a reputable institution has not certified or graded it. For a diamond to be valuable, an organization such as the Gemological Institute of America should grade and certify it. Purchasing an uncertified or ungraded diamond means wasting your money.
It Is Perhaps Illegal
A diamond comes with a particular price; if you happen to find one available at a fraction of that rate, it is highly likely to be stolen or associated with illegal activities. You can trust a diamond with certification and an engraving of its grading as a diamond. If you do not find that kind of information or paperwork with the product, it would be best to stay away from the transaction.
It May Have Too Many Impurities
A diamond with plenty of impurities or inclusions is not often used to produce fine jewelry. Instead, it is sold at an extremely lower rate as compared to standard diamond jewelry, such as laboratory-made diamond rings. There is not much value in that kind of diamond, so you should avoid investing in it.
To Avoid Getting Cheated
Several people purchase diamonds believing that these are affordable or available at good prices. There are numerous reputable vendors selling affordable lab-created diamonds. However, there are also some retailers promising to deliver diamonds to you but end up shipping something else. Most popular cities have not only genuine jewelers but also retailers that look to cheat customers. This is why you should look to purchase diamonds or diamond jewelry from a reputed source.