Major Diamond Frauds and Scams to Lookout for

Major Diamond Frauds and Scams to Lookout for

Build A Diamond Ring
Diamond Fraud Tips

There are numerous ways that individuals can be cheated by goldsmiths while dealing with diamonds and purchasing engagement rings. These are called diamond frauds and scams. Yet always remember that it is just a trick and you will be cheated only if you let them. Below is a discussion on some of the main ways diamond scams are carried out. The best way to avoid these issues while you build a diamond ring is by gathering more knowledge about them.

Diamond Trade-Ins

It might sound like a decent deal. The jeweler might offer you a great deal of cash for your precious diamond. The question is, whether it is justified or not?

Ordinarily, no.

It doesn’t make a difference how good the arrangement sounds, what makes a difference is the amount you pay for that diamond ring.

Before you agree with the exchange deal, compare costs of all rings in the exchange deals and without them. This way you can confirm whether the “incredible” exchange offer is great, or a scam.

Certified Diamonds

People are under the feeling that if a jewel is ensured, it can be trusted.

This is Wrong!

The name “certified diamond” can make any low-quality diamond sound genuine and significant. Yet, that certificate (actually known as a diamond report) may add up to nothing. What matters is the certificate and nature of the diamond. It also depends on who certified it. A certified diamond that has I clarity and K color cannot be called an incredible diamond. You have to check the cut, clarity, color and carat weight first. Simply because it is certified, doesn’t assure that it is great. Out of all the certificate organizations, GIA is the most reliable.

Si3 Clarity

In case you check the clarity chart in any gems store, you will observe that there are 11 clarity grades in total: FL, IF, VVS1-VVS2, VS1-VS2, SI1-SI2, I1-I2-I3. You may notice that SI3 isn’t one of them. Still, gem dealers attempt and sell SI3 clarity diamonds (just I1 clarity diamonds). Gem specialists are simply attempting to make that low clarity diamond sound superior to anything it truly is. Remember not to get fooled by it. Bear in mind that SI3 is not considered in the 4 C’s of diamond certification.

With the increase in demand for diamonds, the diamond scams are also on the rise. Remember the above facts when you purchase a diamond ring.

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