What You Should Know When Buying Loose Diamonds

Many high-quality diamonds are not set in a ring and are instead sold loose. This gives you more options to get the quality, size, and shape you want. These loose diamonds can be set in an engagement ring of your choice or a different jewelry design in your exact size. There are thousands of loose diamonds that you can pick from online and even create engagement rings from scratch. Buying loose diamonds doesn’t have to be a difficult process, but there are many decisions to make. To ensure you know what to look for when buying loose diamonds, there are several tips you should follow.

Guide To Buying Loose Diamonds

Buying Certified Diamonds

If you want to know how to buy loose diamonds, one of the first things to look for is making sure the diamond is certified by GIA or AGS. It is not possible to shop for loose diamonds without giving them an accurate assessment of their quality. To ensure you know what you are receiving, it is important that you pick a diamond that is certified and has a grading report from the Gemological Institute of America or American Gem Society Laboratories.

The two above-mentioned labs are respected globally and have the goal of protecting consumers. It matters if the diamond is graded by one of these leading labs because they are mostly considered to be impartial and precise. It is recommended that you have your GIA diamond grading report number engraved on the girdle of your loose diamond for easy identification and confirmation.

Select a Shape

When finding the best loose diamond for you, you have to make sure that you choose a shape first. The most popular shape is round, since it has a classic look that everyone loves. Round diamonds are the easiest diamonds to purchase but also the most expensive loose diamonds. You can save up to 20% per carat if you choose an oval, princess cut, or cushion shape.

Set a Budget

Once you have selected a shape, you need to set a budget. You need to determine how many thousands of dollars you are willing to spend. Additionally, you must make a choice of quality and size, even if it means you have to choose a lower quality.

Be Responsible

Always ensure that your loose diamond is purchased from a company that shows they are committed to responsible sourcing. The diamond industry should certainly go beyond just supporting the Kimberely Process. Diamonds should also be sourced directly from sightholders and mines. Additionally, they should be crafted from platinum and recycled gold.

Make Sure Diamonds Are Safe

The best way to protect a loose diamond is by storing it separately in a plastic box or parcel paper along with the grading report. If you choose to leave it in a box, ensure that it has protection such as foam to keep it in place.