Let’s begin with the best place to buy loose diamonds. Prices vary from country to country. A little research online will help you find the country that has the lowest prices on loose diamonds. Thereafter, if you’re lucky enough to travel there, you could strike a great bargain. If not, the best place to look for loose diamonds is at a wholesale store, preferably on the web. Online vendors will be able to give you far better prices than brick and mortar stores, simply because they do not incur inventory and store running costs. Additionally, make sure the vendor you are buying from, gives you an internationally recognized certificate (preferably GIA).

Now that you know how to identify a place to buy, let’s move into the process of buying loose diamonds. First, get a basic understanding of the qualities of a good quality diamond. Study the 4 Cs – cut, carat, colour and clarity. You could find this information on the net or speak to gemologists, if you have the option. Various diamond buying guides are available online, which gives a detailed description of all the 4 Cs. So it is better to refer them before purchasing. Next, set yourself a realistic budget. Third, obtain an approximation of diamond costs. For this, you could use price calculators that are available online or consult an expert on the subject. Now you are all set to start browsing.

All this could look like too much effort. You might even start thinking about buying a finished piece of diamond jewelry, over a loose diamond to be set later. Wait! The money you save is considerable, and can even afford you a short holiday, if it’s a 1-carat diamond you are buying. Besides, with a loose diamond, you have the option of custom designing the jewelry, you want to set it in. Loose diamonds also give you far greater choice than you would have with diamond jewelry.

Lastly, let us now study the most common pitfalls, you might encounter in the purchase of a diamond. Avoid price off sales. Most discounts are offered after a significant mark-up, which the buyer is unaware of.

Beware of fractional weights. If a diamond is tagged at 3/4th of a carat, it might in reality weigh anything between 0.69 and 0.81 carats. This difference could cost you a significant amount of money. So insist on exact weights.

Ensure that the diamond you have chosen has not undergone laser drilling, a process to eliminate black spots within the diamond. Diamonds that have been laser drilled are fragile and breakage prone. As a result, they command a lower price. A GIA certificate will tell you, if the diamond has been laser drilled or not.

Once you are done with shopping, check for the payment options. Before proceeding with payment, make sure that your account details are handled in a secure way to prevent chicanery. Once you are done with payment, check if they provide free shipment or not. In general most of the online vendors provide free shipment with reliable exchange policy. So now you know about the do’s and don’ts while buying loose diamonds, it’s time for you to spend some of your savings to buy loose diamonds.

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Author Bio: Purchasing Loose diamonds online is really a risky business. Make sure you check the quality of the items you wish to purchase. Click here for 100% quality Diamond price online.

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Keywords: Diamond price, Loose diamonds, Loose diamond, Diamond jewellery