There are two forms in which you can buy diamonds. You can either buy diamonds that are integrated into various jewellery items (earrings, bracelets, rings and so on), or buy them as the so-called ‘loose diamonds.’ Loose diamonds are those ‘stand-alone’ pieces of diamonds. These, you can purchase for a number of purposes. You can purchase them for use as ‘keepsakes.’ You can purchase them for storage as real treasure (which you can unearth on a rainy day) seeing that money, in the form of cash, is too unstable for that purpose. You can also purchase them for use in replacing the ‘diamond bits’ in jewellery, where they happen to have fallen out and gotten lost, or damaged.
Now as you go out to buy such loose diamonds, there are some four things you really need to know.
First, you need to know, and master, the 4 C that matter in diamonds: cut, carat, colour and clarity – and how they manifest practically in diamonds. This way, you won’t end up being sold a one carat loose diamond for the price of a two carat diamond by some unscrupulous dealer.
Secondly, you need to know what goes into the making of real diamonds (as opposed to fake diamonds). It is worth noting that fake diamonds – usually cleverly cut pieces of glass abound in the market, and beware of them.
Third, you need to know which the credible diamond certifying authorities are, and how genuine certification from them really looks like.
Fourth, you need to know what the reputation of the people you are considering buy loose diamonds from is really like. Most people who end up being duped into buying ‘crap’ in the name of loose diamonds turn out to be people who would have avoided that fate, had they just taken the trouble to really know the vendors. Scammers tend to be known – but you do have to research on their reputation, to know them.