Sunday, 21 January 2007

How to Save Money Buying Diamonds (part 1)

If you are serious about buying diamond jewellery, then it pays to know a little about how the price of a diamond is determined.

In this case, a little knowledge may actually save you a lot of money…

You shouldn't be worried about taking the romance out of the process; remember you can always use the money you save to buy more gifts for your loved one!

In this article, we'll give you a brief rundown of the factors involved in determining the price of a diamond, and in further articles we shall go into more detail.

The Four Cs

Experts in the diamond industry use what are known as "The Four Cs" to judge the value of a diamond. These are Cut, Clarity, Colour and Carat weight.

  • Cut – As you would expect, this refers to the way in which a diamond has been cut. Obviously diamonds can be cut into many different shapes, and the quality of the cut will determine how well the diamond reflects light. A poorly cut diamond means that less light is reflected back to the eye, and hence it does not sparkle as much as a well-cut diamond.
  • Clarity - A natural diamond is created in the earth under incredible pressures. No wonder then that most diamonds have some kind of flaw. Experts call these flaws "inclusions" and they refere to tiny imprefections either within the diamond, or on the surface – where they are also referred to as "blemishes". Clarity, then, is the term used to refer to the amount of flaws in a diamond. Obviously, diamonds with no, or few, flaws are more valuable than those with less clarity.
  • Colour - Colourless diamonds allow more light to pass through, and consequently they are more "brilliant"—and more valuable. This does not apply to what are known as "Fancy Diamonds" – diamonds which are prized because of their colour, and indeed can be anything from blue to green, or even pink!
  • Carat weight – Diamond weight is measured in carats, with one carat being equal to 200 milligrams, or 0.2 grams. Larger diamonds are by nature rarer than smaller ones, and so their value is greater. Important: don't confuse "carat" with "karat"—the latter is used for talking about the purity of gold.

Well, we hope you found this information useful as a beginning guide. In further articles we will show you how these factors can help you save money.

Monday, 8 January 2007

Conflict Diamonds - What You Need to Know

What are Conflict Diamonds?

Conflict diamonds, or blood diamonds as they are sometimes known, are diamonds mined in war zones and sold to finance further war efforts. The problem was particularly related to West African countries.

Should I be worried about buying diamonds?

Thankfully, the answer is no. The World Diamond Council states that over 99% of the world supply of diamonds is now from conflict-free areas.

How effective are diamond industry regulations?

In 2002, a coalition of governments, non-governmental organizations and the diamond industry established the Kimberley Process Certification System, a UN-backed process which has now almost completely resolved the problem. Indeed, the diamond industry itself was the first institution to take steps in correcting the problem.

How can I be certain the diamonds I buy are conflict-free?

Check with the retailer to see if they comply with the Kimberley Process Certification System and the World Diamond Council directives. If shopping online you should see a logo or a link to the above system of warranty.

How does the diamond industry benefit people?

The benefits are very real, and are being felt in many diamond producing countries. For example, these are just a few of the positive results:

  • An estimated 5 million people have access to appropriate healthcare globally thanks to revenues from diamonds.

  • Diamond revenues enable every child in Botswana to receive free education up to the age of 13.

  • An estimated 10 million people globally are directly or indirectly supported by the diamond industry.

Diamonds are creating economic growth and prosperity in countries around the world. You are playing a part in that process by purchasing diamonds.

Where can I get more information?

You will find more information about diamonds and conflict diamonds at

Sunday, 7 January 2007

How to Buy Diamonds Safely Online

Don't think it's safe to buy diamonds online? Think again. Nowadays internet security means that buying online is probably safer than using your credit card in a traditional shop!

Of course, there are certain steps you should take to be really confident.

Step 1: Make sure the online shop is a reliable business. How can you do this? If it's a well-known name then that's a good start. But also look for guarantees that the site offers. What policy do they have for returns? Are there testimonials from other buyers?

Step 2: Trustworthy websites have symbols that indicate only you and the vendor can see your information. When you are in the checkout process look for a padlock sign at the bottom right of your browser screen or in the address field. The web address should also begin https:// --not the usual http://. You may also see "SSL" which stands for Secure Socket Layer--another indication that your transaction is safe.

Step 3: Check for a privacy statement. This will tell you how the information you supplied will be used by the company.

Step 4: Remember that a credit card will insure you in exactly the same way as if you use it in a normal shop. You might also want to consider opening a bank account purely for online transactions. Paypal is also another way to offer increased protection.

Step 5: Do not send any payment information through email. Especially do not give your credit card number by email.

Step 6: If you have to set up an account with a vendor (a normal practice) try to avoid passwords that are easily worked out by other people--your date of birth, for example.

Step 7: If you are still unsure about buying online, check to see if the website will accept payment by other methods such as cheques.

Hope these tips encourage you to take advantage of the great bargains you can find in diamonds online!

Saturday, 6 January 2007

A Closer Look At Buying Diamonds Online

With all of the potential for scams concerning diamonds, buying diamonds online almost seems unthinkable! However, you actually can purchase diamonds online, without any problems - as long as you are careful.

First, think about your reasons for wanting to purchase the diamond online, as opposed to making a purchase from a local jewelry store. The most common reason is price. Due to low overhead costs, online jewelers and wholesalers are able to offer lower prices. However, you must be careful - sometimes a price that is too low is a sure indication of a scam.

One of the best things about purchasing online is the unlimited selection. When shopping offline, you are limited to the selection in the stores in your general area. Online, there are no limits. But again, you must use a great deal of care and consideration before handing your money over to someone that you cannot see and have never met!

Before shopping, learn as much as you can about diamonds - especially cut, color, clarity and carat weights. When you are knowledgeable about diamonds, it will be harder for a con artist to rip you off. Once you know more about diamonds, you will be ready to start shopping.

Take your time. Don't purchase the first diamond that you see that interests you.
Instead, look for similar diamonds for sale. Do some comparison shopping to find the lowest prices. Once you have found the lowest price, start doing your investigation.
You know about diamonds, you've found a diamond that you love, and you've found the lowest price - but you are still quite a ways away from actually purchasing that diamond!

Ask about the seller's credentials, such as professional jewelry associations that they belong to. View and print the seller's return, refund, and upgrade policies. Also inquire about additional services, such as settings and mountings, sizing, and free shipping. Do a search for customer reviews on this particular company around the Internet. Also check with the BBB Online to see if there have been any complaints.

Ask for a diamond grading report from an independent laboratory such as GIA, HRD, EGL or AGS. You should see this before making a purchase. Finally, use a reputable escrow service for high dollar diamonds - preferably one that will have the diamond appraised while it is in their possession. The seller sends the diamond to the escrow service, and you send the money to pay for the diamond to the escrow service. The escrow service has the diamond appraised, sends the diamond to you, and sends the money to the seller. This is the surest way to protect yourself...again, make sure that you use a reputable escrow service!
Gregg Hall is a business consultant and author for many online and offline businesses and lives in Navarre Florida with his 16 year old son. For great selection of quality diamonds go to
Article Source: Give Me Articles