Diamond jewellery is an important investment, especially if it’s something significant like an engagement ring. Unless you’re a multi millionaire with your own personal diamond expert to guide you, it can be hard to know you’re getting a good deal for your money and investing in a quality diamond piece that will last. To help you make an informed decision, here are our top tips for buying diamond jewellery on a budget.
1. Decide how much you want to spend – and stick to it
Buying diamond jewellery is an exciting experience and it’s easy to get carried away. But if you’re being careful with your money (especially if there’s a big wedding to plan for too) it’s important to set yourself a clear budget. Some people decide to spend the equivalent of three months’ salary, but you can also get a lovely diamond ring for a fraction of that. Nobody wants to start married life with a big debt, so think carefully about how much you can realistically afford and set yourself an upper limit. You’ll be amazed at how much quality diamond jewellery there is out there without having to break the bank!
2. Get to know the Four Cs
The quality of a diamond is graded according to a system known in the industry as The Four Cs – cut, carat, colour and clarity. If a diamond is graded 0 for cut and colour, is free from marks and blemishes and weighs 1 carat, its official grading would be 0/0/0 – 1.000 carat, and so on.
Check out our blog post on how diamond grading works for everything you need to know.
3. Only Buy Certified Diamonds
When people have never bought diamonds before they can often get taken in by con men claiming to sell quality diamonds. All good diamond sellers will be able to provide you with a diamond certificate that clearly describes the item and certifies its grade. The certification should be done in a reputable lab (GIA or AGS) so you know you are protected from scammers.
4. Understand how diamond colours work
We often think of diamonds as being completely clear, but it’s extremely rare to find a completely colourless diamond. Most have shades of gold, brown or yellow in them due to the natural minerals found in them as the result of being formed deep in the earth, and how prominent those colours are is reflected in their price.
The colour of diamonds is graded from D to Z, with D being colourless and Z having strong yellow tones. The more colourless the diamond, the more expensive it is* – you can expect to pay around 30% more for a D coloured diamond than an H, because they are much more rare.
However, it’s important to note that the average person will not be able to notice the difference with their naked eye – so unless all your friends and family are diamond experts who you want to impress – you don’t need to worry about trying to afford a D. You can find an exquisite looking diamond in the Js and Ks at a fraction of the cost.
*Please note – this relates to “normal” diamonds that appear clear. Naturally coloured diamonds, in pinks, reds and blues, are a different thing altogether and extremely rare – with a price tag to match!
5. Know the difference between cut and clarity
It’s common for first time diamond shoppers to be confused about clarity. Many people assume that diamonds with higher clarity are naturally more sparkly, but that actually has more to do with the way it’s cut. The cut of a diamond affects its appearance in the following ways:
● Brilliance (how bright it looks)
● Fire (the flashes of colour you can see when it moves)
● Scintillation (the flashes of light and darkness you can see when it catches the light or moves into darkness, also known as how much it sparkles)
Clarity refers to the amount of blemishes and inclusions a diamond contains. Because diamonds are made deep in the earth, they naturally get scratched and blemished in the process. It’s very rare to find a completely “flawless” diamond that’s absolutely free from blemishes or inclusions, so those that are can cost a fortune.
6. Buy a diamond that’s smaller than you think you need
We often think that size is everything and a big rock is really important on an engagement ring, but that’s not necessarily true. The price of a diamond depends on the 4Cs, and the most important factor is the carat weight. There’s a huge difference in cost between a 0.5ct diamond and a 2.0ct one, so many people choose to go somewhere in the middle. 1 carat diamonds are very popular, but if you’re on a tighter budget you can also get a stunning, scintillating diamond at around 0.9 carats.
7. Buy Online
Shopping for diamond jewellery used to mean visiting bricks and mortar stores and staring in shop windows for hours on end. Today we have the option of choosing a diamond in the comfort of our own homes, which not only makes it much easier and more convenient, but also offers a huge amount more choice. Online retailers tend to have a much wider range of products on offer because they’re not restricted to the confines of a physical shop, so if you’re looking for something a little different you’re far more likely to find it.
The other great thing about being able to browse online is that there are no pushy salespeople trying to encourage you to make a purchase – meaning it’s much easier to stick to a budget.
Here at Dubai Sparkle we have a huge selection of beautiful, affordable diamond jewellery on offer. All our diamonds are certified, and our risk free sales policies mean you can find the perfect piece without having to worry about a thing. Visit our online store today!