05.03.07

Current Diamond prices

Posted in True Wholesale Diamonds at 6:55 pm by admin

Shopping for Diamonds

In this article closer to the bottom I will explain a trick on how to buy a wholesale diamond. This is not a marketing gimmick and I am not being paid by the diamond store I write about. I happened to buy my fiancés ring at this store after extensive shopping around and questioning. I promise if you follow my suggestions you will get a remarkable quality ring in one of the biggest diamond discount retail stores there is at a wholesale price that the store does not want you to know about. If this diamond and jewelry discount store is not in your area there will be similar prestigious jewelry stores like it that will offer similar terms. Read on and I will explain.

Just a few weeks ago I was engaged and I immediately started my search for diamonds and their prices. I had no idea what a diamond went for or how to tell if a diamond was really worth the price tag. I went on Google and started searching for wholesale diamond prices thinking that would actually work. The problem is that the internet is saturated with retailers advertising themselves as wholesalers. This is not true. You can not buy a wholesale diamond online. Someone bought it from a wholesaler in New York and is now marketing it online. You may pay a little cheaper but it will not be wholesale and you cannot be completely sure of what you are getting except if they guarantee it as a GIA certified diamond. The GIA certification does not guarantee you the sparkle you may want from your diamond as it may not be cut to the depth and angle to give it that exceptional sparkle.

Diamond Ideal Cut

Diamond Retailers vs. Diamond Wholesalers

The difference in a diamond wholesaler verses a diamond retailer boils down to this simple fact. The wholesalers are in New York. If you plan to buy a wholesale diamond then you better be willing to buy a ticket to New York and buy your diamond there. These wholesalers also happen to be near the GIA diamond certifiers. This certifying agency is the standard in certified diamonds. The other certifying agencies can actually be in house jewelers that are selling you the diamond they are certifying. I wouldn’t trust that type of certification or appraisal too well. Another thing about the other certification agencies is that they are appraisals rather then a true diamond certification. GIA is one of the only certification agencies I know of that is a true certificate of the diamonds quality and not an appraisal. It is true that you could send off an uncertified diamond to New York for a GIA certification of its quality but this will take awhile and it costs money.

So where does someone go who wants a discount diamond or diamond ring but doesn’t want to fly to New York or filter through several pages in Google and yahoo of garbage advertising and marketing about wholesale diamonds that isn’t even true? Well here is the deal: There are diamond retailers out there that are straight up with you and are not trying to scam you. The retailers that have the 75 % off sales and free appraisal offers are not where you want to go.  The diamond retailer offering this sale will more then likely give you a store appraisal? These cannot be trusted and in no way are official. They are a tool for the salesmen in getting you to buy their diamond ring so they make that commission off of you. I don’t want that type of appraisal and most others don’t either.

Disclaimer - Americus Diamonds

I am not advertising this place I am about to mention or more accurately I am not getting paid to mention them in this blog. There is a place in San Antonio and I believe in Austin too called “Americus Diamonds”. If you do not have an Americus Diamond’s near you, don’t worry. There are similar jewelry chains like them in other states.  Their sales people are not paid on commission and the store is so large it is basically a diamond mall. The place is remarkable. If you didn’t know better you would think this is where retailers come to buy their wholesale jewelry. The prices are never hyped up or down with a 75% off sale. The prices are set at low current diamond prices. This place keeps their diamond prices with the market and they only sale GIA certified diamonds down to a certain karat. The reason the smaller karats are not certified GIA is only because it does not make economical sense for a jewelry store to have small less expensive diamonds certified GIA.

GIA Certified Diamonds

An interesting thing about Americus is that they have GIA certified microscopes where you can look at your diamond and actually see the quality and defect level. They do not sell diamonds outside of a certain color range quality and defect quality. You can be assured that your diamond will be a quality diamond which is my favorite part about this store. This however is not the secret about this store that will allow you to buy a wholesale diamond ring. I’m getting there, so keep reading.

Wholesale Diamond Secret

The diamond secret to get a diamond at or close to current diamond prices is to go to Americus Diamonds or a similar store in your state.  You can return most rings to these stores for a more expensive ring of at least 20% greater value at any time if for some reason you get buyers remorse and would like something nicer. This is not you but you can take advantage of this policy. This is fantastic for that high maintenance girl who needs a nicer ring but her fiancé cannot afford it right now and for those shopping for wholesale diamonds. I however would never stoop to have my fiancé trade in her ring I asked her to marry me with. For those who would do that this deal is an awesome offer and will make more sense in just a second in buying your ring at current wholesale prices.

True Diamond Wholesale Price

In order to receive a true wholesale diamond I do have a trick for you to try. This is a secret undiscovered trick I know of that most people do not know of and have not thought about. I don’t know how long this tip will go unnoticed but it is important that you pay close attention as this is the most important part of this entire blog article I’m writing.

What you have to do to receive a true wholesale diamond of GIA certified quality is to go to this website and find your closest city: http://www.craigslist.org/ Once you are in your city go to  http://yourcity.craigslist.org/jwl/ (This is the jewelry section) Here you will find people actually selling their diamond engagement rings that didn’t work out because the “to be” fiancé said no or backed out. This type of break-up happens all the time and you can take advantage of it.

The Scenario goes like this

Because Americus Diamond is a widely popular store what you will see is people selling their Americus Diamond ring for $1000 off what they paid for it on the craigslist site. This has now brought, let’s just say, a $4000 diamond ring down to $3,000. So you buy this diamond ring for $3000 and go to Americus Diamond and trade it in for a ring 20% greater then original purchase price or more if you would like something nicer. This is by far the best way I have found to get a true wholesale diamond price for a regular Joe out on the street trying to find a good deal. Not a whole lot to the secret but it works and does the job.

As a side note:

Rapaport Diamond Report: The standard in wholesale price charts

If you have been browsing the internet looking for wholesale diamonds and jewelers, there is no doubt that you have stumbled upon this thing called the “Rapaport” Diamond Report. This is a red sheet of paper with black ink with a large chart showing the price of diamonds. In order to use this you have to consider the color, quality, and cut of the diamond in order to decipher the report. On top of that there is sometimes as much as a 30% difference in price with real time diamond prices and the current Rapaport Diamond Report. The report costs about $200 just to get your hands on or you can get it from a jeweler if they think you will buy from them. You have to be able to judge whether a diamond cut is cut to an ideal cut to interpret the chart as well as several other hard to know diamond industry appraising values.

Diamond Ideal Cut

A novice should not use the Rapaport Sheet

Because of the wide swing in prices you might see when comparing diamond prices with the Rapaport you may actually think you are getting a good deal when you really aren’t. In order to rectify this dilemma I recommend comparing several Retail store prices of a certain cut, quality and clarity of diamond and then go to Americus Diamond and compare those prices with a GIA certified diamond. You will most likely find that Americus was the only store offering a GIA certification with the diamond. Now you might pay a little more for your diamond with the GIA certification but you know for sure that it is the quality they say it is. If you take advantage of the craigslist tip I suggested you can not only get a GIA certified diamond but you can pay wholesale prices for it.

Diamond cut too shallow

Diamond cut too deep

I hope this article has helped you as I intended it to do and that you have become more informed in the process. Please feel free to comment and ask questions.

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