Buying your own diamond for the first time, may it be for your significant other, a loved one, yourself, or for investment, it could be hard- especially if it is your first time. There are a ton of whole diamonds in Dallas, TX that are for sale that you could always choose from but the real question stands. How do you buy wholesale diamonds online in Dallas, Texas?
Is it cheaper to get a diamond wholesale?
Unlike other retail shops in other industries, buying wholesale in the diamond world does not mean you are buying diamonds in bulk? What are you going to do with a whole lot of diamonds? Buying wholesale diamonds means that you are getting rid of the middleman and selling the diamond directly to customers, allowing them to save a lot more money.
How to Get the Best Deal on a Diamond
1. Shape
To begin your search, you should already have a shape in mind to help narrow down your choices when it comes to the diamond that you are planning to buy. This would really help in the kind of design your ring is going to have.
2. Carat Weight
The carat weight of your diamond is the weight of the stone, and this is a huge factor in affecting the price of your diamond. The higher the carat weight that you choose to purchase, the higher the price that you are going to have to pay.
3. Cut Quality
The quality of the cut of your diamond would help on how your stone would look since it could affect how your diamond would sparkle under certain lighting since the light would hit differently at every angle of your diamond.
4. Color Grade
Color grade is how clear or colorless your stone would look, especially to the naked eye. The main goal of everyone who is buying wholesale diamonds is to get the clearest one possible while not compromising their budget. You don’t have to go to the clearest, which is the D or E diamond, you could always look at the G to I ranges since they would still appear white anyways.
5. Comparing
Since at this point you already have everything narrowed down, you could go and look at all of these similar diamonds and start comparing them to one another. From the price to the aspects of the stone.
6. Certificate
Last but not least, you have to make sure that the diamond that you are purchasing has a certificate before you press buy on the counter. This is to make sure that you are buying the kind of diamond for the right price since you do not want to be buying a diamond that is worth more than it really is. For your certifications, you have to make sure that they are from either GIA or AGS since they are the most reliable laboratories.
Basic Questions About Buying Wholesale Diamonds
How much is a diamond worth?
A diamond’s price would depend on what kind of diamond you are buying since no diamond is the same. A big thing that you are going to have to consider that could directly impact the price are the 4Cs (Carat, Clarity, Cut, and Color). As of the 1st of December, 2021, the average price of a 1-carat diamond is around $6,157 when you buy it wholesale.
How do you choose a diamond budget?
The whole process of buying a diamond is a whole topic in itself, but figuring out how you could choose how much you spend on your diamond would depend on you. There are no rules when it comes to this. You have to make sure that you would be able to pay for it at the end of the day because going into debt for this would not be worth it at the end of the day. Pick a budget that would not badly affect your day-to-day lifestyle.
Should I buy a diamond online or in a store?
This is a personal question that would depend on your preference on what you are or are not comfortable in. One thing you would have to consider though is that buying at the store would be 30 percent more expensive compared to buying wholesale diamonds online, and the choices that you could choose from would be more limited.