Diamond Information for Diamond Buying

Diamond information for those looking for the best purchasing value. Listen in – or send me an email and I will help you directly. Information covering best ways to purchase, performance (beauty), color, clarity, carat weight and certificates.
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A diamonds value is dictated by the rarity of four characteristics, Cut, Color, Clarity, and Carat weight also known as the 4c’s. These four characteristics can be further simplified into the system I termed BPS©. BPS© simply stands for Beauty, Purity, Size.

When you prioritize your diamond search by the BPS© scale your diamond search will be more simple and fun! Decide upon what’s important and mix and match your 4c’s to end up with your perfect diamond. *Note: though a diamonds value may increase or decrease because of rarity, most rarity factors do not affect beauty as seen by the naked eye.

The rarity factor of “Diamond Cut” is the most important characteristic influencing the beauty of a diamond and therfore falls cleanly into the “B” category for Beauty in the BPS© sytem. The better the cut the more rare and beautiful your diamond will be.

The rarity factor of “Diamond Color” definitely affects price, but does nothing to alter beauty as related to sparkle or brilliance. However you may find that your personal preference may lean one direction or another. Therefore color is personal and is filed into the “P” category for Purity in the BPS© system.

The rarity factor of “Diamond Clarity” can dramatically affect the beauty of the diamond in the very low grades and in other parts of the scale may or may not be visible to the unaided eye. In the lower middle to highest parts of the scale – there is no visible difference unless magnified and therefore may only affect beauty in the largest of stones. Therfore clarity is a personal choice for the majority of the scale and is filed into the “P” for Purity in the BPS© system.

The size of your diamond is characterized by two features. The more obvious of the two is its “Weight”. This is how much your diamond weighs on a scale. The less obvious feature is the influence that beauty has on the appearance of a diamonds size. The more beautiful and well made a diamond is the larger it will be percieved to be. Carat Weight is filed in the “S” category for Size in the BPS system

Beauty, Purity and Size! Diamond Answer Man Episode 19

Just a quick note I am still working on the video showing the diamond performance tool comparison for those techno-geeks out there and  I know I said it last week but I really truly am just about finished.

So if you’re out there looking in to buy a  diamond going from jewelry store to jewelry store and maybe getting on the Internet searching and filling your brain with all that wonderful and I say wonderful .. However, your brain is mush if you spent more than a half an hour looking and reading about diamonds on the Internet for an engagement ring and it’s driving you crazy! Sure you don’t make a wrong decision because a  wrong decision can cost you lots of money and the other thing you could do is buy something that does not perform well. Listen to Diamond Answer Man Episode 19 and find out about Beauty, Purity and Size to simplify your purchase.

This is an extension to the show in 2012, where we talked about the entire goal for BPS is to simplify your diamond purchase! If you would like to listen to that earlier podcast it is linked here! You can also find it on iTunes, Blackberry, Zune and Stitcher Radio.  If you have anything that plays an MP3 I am just about everywhere you look to download.

If you are looking at buying and want some individual protection you might take a look at the free PDF Affidavit of Diamond Buying Agreement

I talked with a branded cutter here in the U.S. who has stopped outside polishing of the diamonds they produce. They found it is too hard to control the quality of production where price is the selling point for polishing job export.

Also the big question!

Plan and prepare for your diamond purchase.

  1. Set aside your funds
  2. Give yourself a time frame (write things down)
    1. Make a decision on diamond
      1. Get all your questions in order
    2. Make a decision on ring
      1. Pay Attention
    3. Make a decision on asking for hand
      1. Start thinking now!

And I may re-record Episode 3 and re-release it – oh how I hate the recording quality!!
J. Christopher

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5 simple angles you need to work for your best diamond price!

So you are finally ready to take the plunge for an engagement ring!  You’ve done a little internet research and think you know what you want in terms of Beauty,Purity and Size . Let me suggest that you head on over to my show covering BPS© and then follow the next shows,Cut, Color, Clarity and Carat Weight.

Now before you head on over to your local jeweler or call up your internet retailer, don’t forget to do a little research on who  you are buying from! I know this may seem like overkill but, you need to get referrals and their background information. You could just walk into a store and walk out with a ring and be done. However, if that was your plan you probably  wouldn’t be here right now! So do a little more research and read the blogs, forums,reviews and visit BBB. Then only do business with a person or company that has a liberal return policy of no less than 30 days on in-stock items, and never set foot in a store that has a posted “ALL SALES FINAL” policy.

Always get your agreements and terms in writing on the receipt when you are buying a diamond. You can also use Affidavit of Diamond Grade And Statement of Buyers Rightsmy FREE ” Affidavit of Diamond Grade And Statement of Buyers Rights” . Now I don’t want you to fret the buying, but I do want you to be prepared as a buyer to protect yourself and always look for a win/win situation with the seller. The jeweler or retailer is in the business of making money and providing you with a diamond or piece of jewelry that will help you memorialize your special moment. Please do business with someone you will want to work with again and again, Brick and Mortar , Online retailer, Private Appointment or Otherwise. Remember you have the power.

Remember you can always negotiate a cash price. Cash prices can be as much as a 3% reduction on top of your negotiated purchase, unless you’ve already disclosed you were paying by cash. You will also pay less tax because the purchase price has been reduced. If you are liquid enough always ask for this discount.
It is a win/win for both parties. The jeweler will not have to wait to be paid and they will not have to pay the percentage to the credit card company, yes, that is how credit card companies make their money. If you are not able to pay by cash try your credit card company for a promotional check. These are the checks they use to entice you to use their products and services. Many of these checks have a low or no interest rate for a promotional period. These can also be used to negotiate a cash purchase price. Be cautious though! Make sure the promotional interest carries over to new purchases and not just balance transfers. Always pay off your balances before they are due and never default, otherwise you will pay BIG interest penalties.

Make sure you check the internet for prices on generic diamonds, branded diamonds don’t usually have prices listed. Pave Rings
If you find a diamond online that you like, take that print out to your local jeweler and see if they can source that same diamond. Many diamond price search engines will list several retailers for the same diamond. This is because the online retailers don’t actually own the diamond and the inventory is virtual.  So your local jeweler may be able to get the same diamond for you, usually within 24 hours or so. Many online prices are cash based prices – keep this in mind when working with your local jeweler and also keep in mind that you will need to pay local sales taxes . However, even if you buy from an online source there are taxes in place for almost all states called “Use Tax” . So no matter what, you will need to pay some form of tax usually in the amount equal to the state sales tax where you reside.

Now you can also trade old gold, jewelry, diamonds and watches that you don’t use to get a cash credit back towards
your purchase. It can’t hurt to dig through that old jewelry box!

Never forget to negotiate! Always ask for the best prices. Let them know you have been shopping around and have been on the internet. A good store will welcome you with open arms and give you the best service they can. Be free with your knowledge and always be respectful and never argumentative. Remember this should always be a win/win
situation!

Also, ask yourself “am I willing to pay a little more for excellent service, convenient location, ease of availability, the stores reputation or repair service on sight?”

The 5 simple angles to think about:

  1. Cash
  2. Credit
  3. Internet
  4. Trade
  5. Negotiate

 

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Diamond Carat Weight – The Fourth “C”

Podcast: Play in new window | Download Diamond Carat weight is very easy to understand when it comes to values and costs. The heavier the diamond is the more rare it is and therefore more costly – all other things being equal. The carat weight or size of the diamond is the “S” in the BPS  system. [...]

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Diamond Clarity – The Third “C”

Podcast: Play in new window | Download Diamond Clarity is something that will definitely affect the beauty of the diamond in the three least rare grades. However, in the SI1/2 Category, inclusions can become visible starting around .85/.90 and up, though their degree of  visibility is dependent on type of inclusion and actual size of the diamond. How obvious [...]

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