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Archive for October 9th, 2006

All About Diamonds Part Three

Monday, October 9th, 2006

all about diamonds part threeThis is the third of a three part series all about diamonds and how to understand the value of diamonds and so the price of diamonds.

So where do you buy diamonds?

You can buy diamonds from your local jewelers of course. Here you pay the biggest mark up and are less likely to have an independent certificate issued with the diamond. The diamond is usually set in a ring, broach, bracelet etc. So it is more difficult to have it properly examined and appraised.

Loose diamonds can be properly examined and an accurate assessment made.

You can also buy diamonds from online dealers and auctions. Here some due diligence is required and some knowledge of diamonds as described in the prior two articles in this series and on this website.

With regard to dealers one needs to ensure that the dealer is genuine. Does the dealer have a fixed address? Is there adequate contact details available? Importantly does the dealer have a returns policy? Especially for online dealers as you have no way of knowing how genuine the diamond is until you can have it appraised yourself.

All genuine diamonds should come with a certificate of authenticity. See the appraisal pages on this site for more information on appraisal and certificates.

Buying on auction also requires some common sense and due diligence. Who is the seller? If you are buying on eBay then you can know something about the seller through his or her feedback. Also are they a power seller? Do they have a eBay ’store’? Answering these issues will determine the authenticity of the seller before you even look at the authenticity of the diamond!

Check out all their auctions. A power seller will have many going at one. Check out where the item is stocked. Ask the seller questions about the diamond. A certificate of appraisal should also be displayed with a picture of the diamond.

Other auction houses will have similar ways of verifying the genuineness of the seller.

One thing that is often overlooked is to read the terms of service or terms of use. Whatever they are called those bits in small print which one often has to click before continuing on many sites.

You don’t have to know all about diamonds but certainly knowing something about the value and price of diamonds is an essential part of understanding before you buy.

Here’s to happy diamond hunting and buying!

Part 3 of a 3 part series

10/09/2006 Edit
All About Diamonds Part 2

All About Diamonds Part Two

Monday, October 9th, 2006

all about diamonds part twoThis is the second of a three part series all about diamonds and how to understand the value of diamonds and so the price of diamonds.

Here we go into the subject of diamonds a bit more.

The way to check a diamonds quality or grading is by what is known as the 4Cs. Cut, Clarity, Color and Carat. This is done by an independent gemological laboratory who use sophisticated electronic equipment and established diamonds for comparative purposes to grade a diamond.

The cut describes how the diamond is cut from the rough. This can take some time with the bigger diamonds. The current is working with a stone that might perhaps be worth several thousand or even hundreds of thousands of dollars. Some diamond cutters have been know to consider his to cut a diamond for months before making the first cut.

The popular cuts of diamond, and these can be seen at the top of the website, are:

Round Brilliant
Emerald Cut
Princess Cut
Heart Cut
Oval Cut
Marquise Cut
Pear Cut
Round Brilliant

In addition some of the more popular diamond cuts include Heart, Emerald, Marquise (Oval with pointed ends), Oval, Pear, and Princess with the Round Brilliant (R/B) probably being the most popular.

The clarity of a diamond refers to the purity of the stone. Most diamonds have impurities in the form of minute imperfections or “inclusions”. A perfect stone would have no inclusions and these are very rare and very expensive. At the other end of the scale a lower quality diamond would have inclusions one could see with the naked eye.

A diamond can also have external flaws such as blemishes. These can be caused naturally but also by poor polishing.

Some people think that diamonds are white or rather clear translucent. In fact diamonds can come in many colors. Pure white is the more sought after and the rarest and of course the most expensive. Then there is a grading all the way down to yellow tinted color.

These are worth much less. Industrial diamonds are usually brown.

The carat of course refers to the weight. A carat is small in stone or pebble size but big in terms of diamonds. A carat is .2 grams, i.e. one fifth of a gram. So 5 carats would make up a gram in weight.

Diamonds are measured in points and as there are one hundred points to a carat, a point is what you might call small!

All these qualities go to make up a diamond grading. A pure white princess cut diamond with no inclusions and weighing 2 carat could be up to 10,000 dollars or more even.

A very poor quality diamond of the same weight might fetch 1000 if your lucky.

So it pays to have a proper certificate that exactly describes the diamond and gives details about all its qualities.

But where do you get these diamonds?

This is in part 3 coming soon!

Part 2 of a 3 part series

To read Part 3 go to All About Diamonds - Part 3

All About Diamonds Part One

Monday, October 9th, 2006

All about diamonds part 1This is the first of a three part series all about diamonds and how to understand the value and price of diamonds.

It is important to know something about diamonds before you buy any. It is easy to buy a diamond that is of poor quality for a high price so the more you understand about diamonds the better your chances of getting a good deal are.

Diamonds are not just a set price, There are many types and qualities and many dealers and suppliers. Picking the right one can make a difference of thousands of dollars but you do need to know what you are looking for and when dealing with a dealer or jeweler, what you are talking about and understand what ‘they’ are talking about also.

Diamonds, like many other substances such as talc, graphite, gypsum etc, is a carbon material. One of the major differences is the hardness of the substance. The diamond is the hardest and the way this is determined is how the atoms are arranged in the carbon. Diamonds are made under intense pressure deep within the earth and most of the diamonds you will see around were made anywhere from one to three billion years ago.

To get 5 grams of diamond generally requires mining or sorting through about 1 million grams of material but only 20% of these are suitable for jewelry. The rest are used in industry for cutting other material or other diamonds and for watches as, for all intents and purposes, cannot wear out.

Diamonds are thought to be white but in fact can be a range of colors and these are usually called Fancies or fancy diamonds.

Watch out for the next article in the series, which will be posted soon! There we will go into some depth on some of the more important aspects of diamonds and how to choose them!

Part 1 of a 3 part series

To read Part 2 go to All About Diamonds - Part 2

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