Everybody likes diamonds and no one looks bad in diamonds, do they? It is not actually within the scope of this piece to propose whether diamonds are a first-class investment or not, but their supposed worth is enormous. Instead, I would like to discuss where the best place to buy a diamond is, since it is more important that you acquire your diamond from a respectable merchant with a warranty than that you believe you got a good deal on eBay by buying 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 promise, for the life of the diamond, then you have to take a closer look at the diamond to see what is not right with it. Only joking, they will always offer you a 100% buy-back guarantee 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 intended to keep up with inflation. This means that a diamond that is valued at a particular amount of money today will be worth more in the future, as the price of diamonds continues to rise. This normally does not relate to buy-backs, although. It typically applies to trade-ins.
On the other hand, by purchasing a bonded diamond, you are protected against the possibility of a market collapse. If a market crash does happen, the value of diamonds will plunge. However, the bonded jeweller guarantees to refund you the discrepancy between what the diamond is now worth and what you paid for it before the market fall.
It could be tricky to find a bonded jeweller in your vicinity, but if you can, this is who you need to do business with, as opposed to dealing with a non-bonded jeweller. Specifically inform the jeweller that you are only interested in bonded diamonds. You can discover a bonded jeweller in your area by using various online resources like Google or Yahoo, or by calling the local jewellery stores.
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