Diamonds are considered a girl’s best friend! They ignite an image of splendor, wealth and sophistication. When we think of diamonds, we regularly think about wedding ceremony jewelry or earrings worn on unique occasions or given as gifts to celebrate milestones.
A loose diamond is a diamond in its original form, it is yet to fashioned into beautiful jewelry, rings, necklaces or bracelets, which means the possibilities are endless.
If you’re new to the world of loose diamonds, the marketplace can seem daunting. This is where this handy guide comes to light, to give you insight into the ins and outs of everything you need to know about this prevalent gemstone.
Read on to discover more about these precious jewels.
Loose Diamonds Explained
An unfastened diamond is a elegant, cut gemstone. One that hasn’t been jeweled. These stones are available in a variety of sizes, cuts and hues and are generally stocked by diamond sellers. If you dream of creating your personal custom earrings, a simple diamond could make this dream come true.
You may want to design the design yourself, based on other pieces of jewelry you’ve already seen, or invest in the help and expertise of a professional jeweler
Many people now choose to make their own engagement rings and engagement rings. In addition, investing in loose diamonds to design your bespoke jewelry can prove more cost-effective than buying a pre-made item. Why? You choose the cut, color, clarity, and carat weight.
Selling Loose Diamonds
If you have to sell loose diamonds, you need to research. Especially if you want to achieve the best price for your precious stones. To sell loose diamonds, you first need to learn more about where to market them safely. Thankfully, there are numerous options to choose from:
Local Jewelry Dealers
Many local jewelry stores stock loose diamonds in addition to jewelry in its full form. If you have loose diamonds to sell, that are of a quality cut and carat, and come with certification, your local jeweler is a good place to start. Why? More so in this day and age, clients are interested in custom designs. Many jewelers boast in-house jewelry designers or have a trusted designer based elsewhere. This means they require loose diamonds to create bespoke pieces for customers.
Online Diamond Sellers
There are various trusted online Diamond brokers to choose from. They stock loose diamonds in several sizes, shapes, colors, and cuts. Due to not having to adhere to the overheads that brick-and-mortar stores must contend with, they often offer more attractive prices. Whether selling or buying from an online broker, ensure the loose diamonds come with documentation, detailing the four C’s.
Diamond Auctioneers
If searching for or selling a particular rare or antique diamond, you will likely be able to source or sell something more unique in style from an auction house. Again, only deal with trusted auctioneers. Remember to set a cap on your pricing, as otherwise, this can prove a risky route.
Wholesalers of Diamonds
Wholesalers are another way to buy cheap diamonds. These companies typically sell bulk diamonds to merchants and other diamond dealers, but can also sell to individual customers.
Wholesale diamond dealers generally offer lower prices than retailers but may require a smaller purchase price. It’s important to research to ensure you’re buying from a reputable wholesaler. Always choose one who certifies their diamonds.
The Four C’s
The four C’s are a crucial consideration when deliberating over loose diamonds. These include the diamond cut, color, carat, and clarity.
- Cut: This is the arrangement of the gemstone’s facets. To put this in simple terms, it’s how much light the diamond refracts and reflects and ultimately determines how shiny the stone is. The most traditional cuts comprise brilliant, step, and mixed.
- Color: Based on the presence or absence of hue, diamonds are labeled with a specific color. The scale spans from D to F for diamonds without color G to J for those that boast a slight hue and finally, K to M for diamonds that are slightly colored. If you’re looking to source a rare diamond, opt for one with the least color.
- Carat Weight: As the name suggests, the carat indicates a diamond’s weight. Generally, the weightier the stone, the higher the price tag. This doesn’t always mean the diamond is bigger.
- Clarity: The number of inclusions a diamond boasts indicates its clarity. All jewels and diamond experts consult a diamond clarity chart when determining how many inclusions a diamond has.
The Bottom Line
Selling and buying diamonds in 2024 is a lucrative business. However, you should research and learn the ins and outs of these precious stones. In addition, you should research the industry know-how before investing.
The above tips will assist you in learning everything you need to know about loose diamonds, including where they come from, what they are, and how to sell and buy them safely.
A selling point in loose diamonds? Whether designing something for a loved one or yourself, you can use these gemstones to create custom jewelry!