Online Forex Trading For You

Friday, December 25, 2009

How To Buy Diamonds

By Owen Jones

Everybody likes diamonds and nobody looks bad in diamonds, do they? It is not actually within the remit of this piece to recommend whether diamonds are a first-class investment or not, but their perceived worth is colossal. As an alternative, I want to discuss where the best place to procure a diamond is, because it is more important that you buy your diamond from a reputable dealer with a warranty than that you believe you got a decent deal on eBay by means of purchasing somone's granny's engagement ring, which might not be genuine.

Consequently, before you commence browsing for diamonds, consider dealing with a bonded jeweller. Bonded jewellers sell bonded diamonds and there are not many bonded jewellers in the world. In fact, of the jewellers in the world, only about 5% of them are bonded.

Buying a bonded diamond will cost more than buying a non-bonded diamond, but when you consider what you get with the bonded alternative, you will see that it is well worth the additional expenditure.

First, bonded diamonds have a buy-back guarantee for the life of the diamond. No matter how long you keep the diamond, you can take it back to the bonded jeweller and sell it back to him or her, for a 100% refund.

If a jeweller does not offer a 100% buy-back guarantee, for the life of the diamond, then you have to take a nearer look at the diamond to see what is amiss with it. Only joking, they will always offer you a 100% buy-back warranty or tell you why not.

Bonded diamonds also have a breakage policy. If the stone breaks or chips, the bonded jeweller will replace it with a new one - one time. No jeweller would ever offer such a policy on any stone that was not 100% natural, so just the offer of such a policy should give you peace of mind concerning the quality of the diamond. Bonded diamonds are natural and untreated.

Bonded diamonds improve in value, with a fixed appreciation rate that is calculated to keep up with inflation. This means that a diamond that is worth a particular amount of money today will be worth more in the future, as the price of diamonds continues to rise. This generally does not relate to buy-backs, although. It usually applies to trade-ins.

Alternatively, by buying a bonded diamond, you are protected against the possibility of a market collapse. If a market collapse occurs, the value of diamonds will go down. However, the bonded jeweller guarantees to reimburse you the difference between what the diamond is now worth and what you paid for it before the market fall.

It may be tricky to find a bonded jeweller in your locale, but if you can, this is who you want to deal with, as opposed to dealing with a non-bonded jeweller. Specifically inform the jeweller that you are only interested in bonded diamonds. You can find a bonded jeweller in your area by exploiting various online resources like Google or Yahoo, or by calling the local jewellery shops. - 23311

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