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How to Buy Diamonds Without Going into Debt: A Guide on Affordable Shopping

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How to Buy Diamonds Without Going into Debt: A Guide on Affordable Shopping


Whether looking to pick out a gorgeous diamond ring for your soon-to-be fiancée, or just want to treat someone to something beautiful, diamonds are worth dreaming about. However, the cost needs to be taken into consideration leaving people wondering if there is any legitimate way to save money on a high quality ring. Learning how to buy diamonds before visiting the stores is the best way to save money and end up happy with the purchase.

Step One: Start Saving Money Now

When thinking of getting engaged, the typical rule is to spend two month’s salary on a ring. If considering becoming engaged in the not-too-distant future, start saving now. Even in the worst-case scenario, if the engagement doesn’t happen, it is never a bad idea to have a large sum saved up. The best-case scenario is that plenty of money will be saved up ahead of time to finance the ring when the time is right.

If the ring is for a specific deadline, like a holiday gift, be aware of the approaching deadline and save money in advance. Don’t make an impulsive decision and put it all on a credit card without a plan. An important part of learning how to buy diamonds is understanding the value of patience. In addition to saving money, it is important to know the decision to purchase is the right decision.

Step Two: Know Your Stuff

a0041dw__88264.1339226011.1280.1280.jpga0005dw__69582.1339225985.1280.1280.jpg Before beginning diamond shopping, read up on the way diamonds are graded. The GIA diamond grading system uses what’s known as the “Four Cs” to measure diamonds by their cut, carat, color, and clarity. It can help in learning how to buy diamonds.

Carat: The carat is the diamond’s weight. Often, the difference between carats is not noticeable once the diamond is in the setting, so a great deal of money can be saved by choosing a smaller carat.


Clarity: Grades for clarity range between flawless (F) to Included 3 (I3). A diamond doesn’t have to be flawless to be beautiful, and choosing a flawed diamond will, not only, leave result in a unique and beautiful setting, but it will also result in saving money.

Color: Colorless diamonds are the highest grade and most expensive choice. Grades range from D (colorless) to Z. Colorless diamonds cost more because they sparkle the most, but the lower-grade diamonds are still quite breathtaking.

Cut: The cut of the diamond has the biggest effect on its appearance. A quality cut will make the diamond sparkle and bring out its brilliance. Even though saving money is a priority, the cut is worth investing in. Always choose a cut with a rating of excellent or very good.

Step Three: Choose the Right Jeweler

Diamond_Polisher.jpg Knowing how to buy diamonds means knowing where to shop. It’s always best to choose a jewelry store that has been around for many years and developed a strong, positive reputation in the world of fine jewelry. Finding a jeweler that is trustworthy will go a long way toward ensuring a positive experience when buying a ring.

Step Four: Know How to Negotiate

When learning how to buy diamonds, realizing the importance of the art of negotiation is crucial. Don’t be afraid to haggle with the salesman and try to get the item at a lower price. Jewelry sales is a commission-based business, and it’s in the interest of the jeweler to sell the ring. Always remember this and enter into negotiations with confidence.

If you’re ready to start shopping for diamonds, contact Juno Jewelry today. We have many years of expert experience in the fine jewelry market, and we are excited to help you pick out the diamond of your dreams. Thank you for shopping with us.

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