How To Buy Loose Diamonds On The Internet

2008-01-11 13:13:08

( Entertainment )



Companies selling diamonds online used to be a unique way to buy loose diamonds. These days, however, it is easy to find many of these web sites over the internet. The buying process on the web is simple: you search for a merchant selling loose diamonds. When you click on the merchant's link, you will be directed to a landing page where you can view a collection of different stones.

Along with the images of these loose diamonds are the information about carat, cut, color and clarity. If you decide to buy loose diamonds from a particular site, all you need to do is to enter your credit card number and other necessary personal information. The merchant will then ship the stone to your given address.

Online buying process is straightforward. Remember, however, that not all diamond merchants are the same. Be aware that a number of scams exist when you buy loose diamonds online. Some of these scams include merchants selling treated or baked diamonds, hot diamonds (or stones that are considered as stolen), and diamonds with fake laboratory grading reports. Other online jewelers are not there to profit from selling diamonds, but for charging exorbitant handling fees.

If you are careful enough when you buy loose diamonds over the web, you will be able to save a significant amount on the price of the stones and the sales tax levied on them. If, for example, you live in Texas where you will have to pay a sales tax of 8.25 percent when buying from brick-and-mortar dealers of Texas diamonds, you will save this tax by purchasing from out-of-state online merchants. Make sure, however, that shipping charges and handling fees do not outweigh your savings from sales tax. Buy loose diamonds from online merchants that provide lifetime breakage guarantees, and lifetime exchange and trade-in policies.


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