If you are in the market for a wedding band or engagement ring you have two basic options – shop online or in a brick and mortar retail store. Here’s what you should know when you shop for diamond rings.
Be Sure About the Return Policy
Whether you are buying online or in a retail store, you need to make sure you ask about the return policy. Many retail stores will allow for returns for a limited time period, usually between 15 and 30 days, but some may have a longer return policy you can opt in for. Online jewelers will often have a longer return period, simply because it is next to impossible to be completely sure about a diamond or piece of jewelry without seeing it for yourself. When you make your choice and select the diamond you want, be sure you understand the regulation and time frame for the return policy. If you can find similar pieces at different locations that meet your needs, be sure to go with the one that has the best return policy, it will be added protection for you and your investment.
Make Sure the Diamonds are Properly Certified
When you buy diamonds or diamond jewelry – especially expensive rings – you have to be sure you get paperwork showing that they have been properly inspected and certified by either the American Gem Society or the Gemological Institute of America. Both online and brick and mortar stores will need to have certifications in order to prove that their diamonds and jewelry are of a high quality. The two associations analyze diamonds based on the 4 C’s – carat, color, clarity, and cut. The certification ensures the pieces are of a high quality and that they are worth the price tag they carry. There are other organizations that can grade and certify diamonds too, but these do not have the reputation and standing in the geological society and are not as widely trusted or accepted. Other organizations could grade stones too high, thus making them appear to be more valuable than they actually are, which will end up costing you money. So be sure to check for certification and whom the certification is through.
How to Save Money on Diamonds
There are two simple and easy tricks to saving money on your diamond rings at both the retail and online stores:
Of all the 4 C’s focus on the cut. The cut goes a long way in determining how well the stone sparkles and shines as it reflects light. Even with average or good color and clarity, a diamond can look simply breath taking if it has a perfect cut. So consider dropping the quality of the other C’s if it means you can get one with the highest cut grade.
Go just a little smaller on the carat size. By just dropping the carat size by a fraction can drop thousands off of the final price of the piece. A fraction of a carat is only as thick as a few sheets of paper. So it is not noticeable to the naked eye, but it can go a long way in saving you a lot of money – whether you are shopping online or in a store.