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Showing posts with label Diamond Scams. Show all posts
Showing posts with label Diamond Scams. Show all posts

How to Sell A One Carat Diamond Ring

marquise-cut-diamond-ring There are many reasons why you may want to sell a one carat diamond ring that you own. Perhaps you’ve gotten divorced, or you are strapped for cash. The reasons why don’t really matter – getting the best possible price is what counts! The way to obtain the best price for the diamond is to not be in a rush. Slow down, and carefully consider all of your options – there are many.

First, have your one carat diamond ring appraised. In fact, have it appraised by two or three jewelers to get an accurate idea of the diamonds value. Tell the appraiser that you want the Rapaport Value. This is the wholesale value of the diamond, and it basically tells you the highest price that you can sell your diamond for. If your one carat diamond ring has no certificate, you should consider getting a certificate from GIA. This may help you get a better price for the diamond as well.

First, try to sell your one carat diamond ring yourself, to people you know. Friends and family members may be interested. If you don’t have any luck with friends or family members, you should turn to outside sources. Absolutely avoid pawn shops! A pawn shop will only offer you about 10% of what the one carat diamond ring is worth! Also avoid offers of selling the ring on consignment. There are many things that can go wrong, and there is no shortage of one carat diamond ring scams – even in well known jewelry stores.

If your one carat diamond ring is important, you should strongly consider auctioning it off through one of the famous auction houses, such as Christie’s or Sotheby’s. If it isn’t what is considered an important one carat diamond ring or a high-end one carat diamond, ring you should try to sell it to an individual using classified ads, or even eBay. However, selling to an individual that you do not know could put you in danger – especially if the diamond is worth a lot of money.

oval-cut-diamond Your final option should be a jewelry store. It is vital that you not let your one carat diamond ring out of your sight while in the jewelry store – you might find that the diamond you walked in with is not the same diamond that you walk out with! The jeweler will try to tell you that your diamond is of poor quality or low weight. Inevitably, there will be some problem with the one carat diamond ring. This is where your appraisal and/or certificate will come in handy.

If the jeweler is fair, they will offer you between 60% and 80% of the value of the Rapaport Value. Do not accept anything less than this. Again, do not let the diamond out of your sight until you have been paid for it.

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One Carat Diamond Ring Grading Reports

All About Gemstones - Diamond Images You’ve been told that having a certificate or a one carat diamond ring grading report is important, and as a responsible consumer, you get one – unfortunately, you probably won’t understand a word of what is on that diamond grading report, unless you are a jeweler.

On the color grading scale, D, E, and F mean that the one carat diamond ring has no color. G, H, and I means that it has very little color. J, K, and L means that the diamond has a slight yellow color. P, Q, R, S, T, U, V, W, and X means that the diamond is a darker shade of yellow. Z means that the one carat diamond ring has a fancy color – other than white or yellow. On the color grading scale, D is the most valuable, and X is the least valuable – however one carat diamond rings that get a Z rating are the rarest and most expensive one carat diamond rings in the world.

colors2 There are many aspects to a grading report. Figuring it all out can be very confusing. You should talk to a jeweler you trust, and have them explain everything on the one carat diamond ring grading report to you.

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How to Buy One Carat Diamond Engagement Rings

solitaire-diamond-There is much to consider when purchasing a diamond – especially one carat diamond engagement rings! The tradition of presenting a woman with a diamond engagement ring when proposing began in 1477 when Archduke Maximilian presented a diamond ring to Mary of Burgundy – and in most cases, the woman you plan to propose to will expect a ring to accompany that proposal!

First, determine how much ring you can afford. Most people use the ‘two months salary’ rule. This means that the ring should cost the equivalent of two months of your current salary. Because you have other bills to pay, saving up this amount of money may take quite a bit of time. You should consider financing. Simply go to the jeweler of your choice and tell them that you plan to buy an one carat engagement ring, and that financing will be necessary. Go ahead and get the credit check out of the way, find out what your payments will be, and how much of a down payment is required.

Now, have your mother, sister, or your girlfriends best friend take your girlfriend shopping, and make sure that they gaze at the one carat diamond engagement rings to get an idea of what she might like. Make sure that the jewelry store you buy the ring from will allow you to return the ring, if that is required, or allow your girlfriend to exchange it for another if she isn’t happy with it!

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One Carat Diamond Ring Brands and What They Mean

Engagement-Rings-Designer-Angled-View One Carat Diamond Rings are one of the few products that simply cannot be ‘branded.’ Even though there are different cuts, different grades, and different values placed on each and every diamond in existence, no diamond is any specific brand – just as gold is not a specific brand.

Branding is actually based on who owns the one carat diamond ring. For instance, if DeBeers owns the one carat diamond ring, it is a DeBeers one carat diamond ring – but it is still just a diamond. If the diamond was cut by a specific well known cutter, then it might be branded in that way as well – but it usually isn’t. It is still branded based on who owns it at the time. So basically, when it comes down to it – one carat diamond ring brands mean absolutely nothing at all.

Do not allow a jeweler to try to talk you into paying an exorbitant price on a one carat diamond ring because it is a specific brand. This is a bit of trickery used by unscrupulous jewelers when they know that they are dealing with people who don’t know much about diamonds. Remember that one carat diamond rings are not actually branded – unless mother nature has her own brand!

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How to Spot A One Carat Fake Diamond Ring

In this world of advanced technology it is almost impossible to simply look at a one carat diamond ring and determine whether it is real or not – especially if you don’t know much about diamonds. There are some steps that you can take to avoid buying a fake one carat diamond ring, however.

analysis diamond color

First, only deal with reputable jewelers, and when you find a reputable jeweler, stick with them. Avoid buying one carat diamond rings or other jewelry from jewelers that you have never dealt with before in the past. Ask to see the certificate for the stone. If no certificate exists, walk away.

Look at the setting that the stone is in. Fake diamonds, such as zirconias, are usually set in low quality metals. Take a close look at the stone. Fake one carat diamond rings are not durable – natural diamonds, on the other hand, are the most durable stone on the planet. Look for scratches or nicks.

After purchasing a one carat diamond ring, take it to another jeweler for appraisal. In fact, take it to two or three other jewelers for an appraisal to make sure that the appraisals are all fairly close. If you find that you have purchased a fake diamond, you may be accused of making a switch when you return to the store of your purchase; therefore, it is important to have a certificate for the one carat diamond ring. No two stones are alike.

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One Carat Synthetic Diamond Rings

The first synthetic diamonds were produced by General Electric in 1954. A synthetic diamond is basically a rock that has the durability, refractive index and hardness of a natural diamond – but it is made by man. A synthetic diamond should not be confused with stimulant diamonds, such as glass, cubic zirconia, or moissanite.

Multi-colored-diamonds

Although the technology for synthetic diamonds came into play in 1954, no synthetic diamonds were ever seen on the market until the 1990’s. This was due to the fact that it took many years for General Electric to produce a synthetic diamond that could compare with the quality of a natural one carat diamond ring – and when they figured out how to do it, they found that it cost more to produce a one carat synthetic diamond ring than it did to mine and cut natural diamonds.

Finally, a small company by the name of Gemesis Corporation figured out a way to produce synthetic diamond ring that were of the same quality as natural diamond rings, at a cheaper price. Today, Gemesis produces synthetic white diamonds, and colored diamond rings as well. These diamonds sell for about 1/3 of the cost of a natural diamond, but there is a shortage of them, and they are hard to find. In fact, it seems that synthetic diamonds are rarer than natural diamonds!

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One Carat Diamond Ring Scams

When it comes to one carat diamond ring, there are numerous scams to avoid. Most scams are minor, but there are some major ones that come up from time to time concerning the buying and selling of one carat diamond rings. Scams occur simply because most people who buy one carat diamond rings – for whatever reasons – don’t know that much about diamonds. Therefore, they are easily fooled.

A common scam that most jewelry stores participate in is the Carat Total Weight scam. The tag on the piece of jewelry, usually a ring, only states the total carat weight of all one carat diamond rings in the piece, instead of listing the total weights separately for each diamond. This leads consumers to believe that the main one carat diamond ring in the piece is actually bigger than it is. Ask what the total carat weight of the center stone is. Also beware of fractions. Jewelry
stores are allowed to round off diamond weights. This means that if the jeweler tells you that it is a ¾ carat diamond, it is probably between ½ and ¾ carat – but closer to ¾.

Jewelry stores often run ‘fluorescence’ scams to varying degrees. Referring to a diamond as a blue-white diamond is such a scam. A blue-white diamond sounds very unique and special, but in fact, this type of one carat diamond ring is of lesser quality – even though the jeweler will try to make you think you are getting something special. Jewelry stores also like to show their diamonds in bright lights. Lights make diamonds shine. Ask to see the one carat diamond ring in a different, darker type of lighting as well.

Some truly unscrupulous jewelers target those who want appraisals on one carat diamond rings that were given to them as gifts or that were purchased elsewhere. They will try to tell you that the diamond is worthless, or worth less than it actually is worth – and offer to take it off your hands or trade it for a much better one carat diamond ring, along with the cash to make up the difference. This is called low balling. Get a second, third, and even a forth opinion
before taking any action.

Another common dirty trick is to switch the one carat diamond ring you have chosen and paid for with one of lesser quality and value when you
leave it to be set in a piece of jewelry, or leave a one carat diamond ring to be sized. The only way to avoid this is to do business with one trustworthy jeweler. Avoid jewelers that you have not done business with in the past.

There are many more scams that jewelry stores commonly pull on unsuspecting consumers. Just use your best judgment, and purchase your one carat diamond rings with the utmost care and consideration.

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