Those who are thinking about buying diamonds either as an investment, for mounting in custom diamond jewelry, or simply as an addition to a collection, it is a good idea to educate yourself on the subject. Not all diamonds for sale are necessarily a good value; the old Roman advice caveat emptor is especially applicable when it comes to buying diamonds.

Getting Started

There are two things you need before you start buying diamonds:

1. A thorough knowledge of the diamond market

2. Where to obtain reliable appraisal services

The latter is especially important. Any appraisal of certified diamonds should be undertaken by an independent agency that has no connections to or interest in the wholesaler or retailer who is offering the diamonds for sale in which you are interested.

This may require a bit of detective work. The problem is that the world diamond market is controlled by a relative handful of corporate and international banking interests. However, it is well worth your while to find such appraisal services so as to insure that your interests are protected when buying diamonds. (more…)

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