Buying A Diamond
Everybody likes diamonds and no one looks bad in diamonds, do they? It is not really within the remit of this article to propose whether diamonds are a first-class investment or not, but their supposed worth is enormous. Instead, I would like to discuss where the best place to buy a diamond is, because it is more importantant that you buy your diamond from a reputable merchant with a guarantee than that you believe you got a good deal on eBay by means of buying somebody’s granny’s engagement ring, which might not be authentic.
Therefore, before you begin shopping for diamonds, think about dealing with a bonded jeweller. Bonded jewellers sell bonded diamonds and there are not many bonded jewellers in the world. In fact, of the jewellers in the world, only approximately 5% of them are bonded.
Buying a bonded diamond will cost more than buying a non-bonded diamond, but when you consider what you get with the bonded alternative, you will see that it is well worth the additional expenditure.
First, bonded diamonds have a buy-back guarantee for the life of the diamond. No matter how long you keep the diamond, you can take it back to the bonded jeweller and sell it back to him or her, for a 100% refund.
If a jeweller does not offer a 100% buy-back promise, for the life of the diamond, then you ought to take a nearer look at the diamond to see what is amiss with it. Just joking, thay will always offer you a 100% buy-back guarantee or tell you why not.
Bonded diamonds also have a breakage policy. If the stone breaks or chips, the bonded jeweller will replace it with a new one ? one time. No jeweller would ever offer such a policy on any stone that was not 100% natural, so just the offer of such a policy should give you peace of mind concerning the quality of the diamond. Bonded diamonds are natural and untreated.
Bonded diamonds improve in value, with a fixed increase rate that is calculated to keep up with inflation. This means that a diamond that is valued at a certain amount of money today will be valued at more in the future, as the price of diamonds continues to rise. This normally does not relate to buy-backs, although. It usually applies to trade-ins.
On the other hand, by buying a bonded diamond, you are protected against the prospect of a market collapse. If a market collapse does happen, the price of diamonds will go down. However, the bonded jeweller guarantees to reimburse you the discrepancy between what the diamond is now worth and what you paid for it before the market crash.
It may be difficult to find a bonded jeweller in your vicinity, but if you can, this is who you need to deal with, as opposed to dealing with a non-bonded jeweller. Specifically tell the jeweller that you are only interested in bonded diamonds. You can find a bonded jeweller in your area by using various online resources like Google or Yahoo, or by calling the local jewellery stores.