How to Save Money on Diamonds

Looking to make a diamond purchase on a budget? Don't worry, you're not alone! Diamonds can be expensive, but they're also perfect stones for any jewelry piece. That said, it's not impossible to save big on a new diamond stone.

diamond on leather couch

Here's everything you need to know about how to save money on diamonds.

Buy Online

Luckily, we're in the age of technology! The shopping experience has been digitized, and now buying your next diamond is as easy as sitting on your living room couch with your laptop. However, convenience isn't the only benefit of shopping online. 

Typically diamonds purchased from online vendors are less costly than those bought in brick-and-mortar shops. It's simple, vendors don't have to pay for the upkeep and maintenance costs of a brick-and-mortar store, and they can pass those savings onto the customer!

Comparison Shop

Diamond prices can vary significantly from vendor to vendor. There are a few reasons for this disparity, but all you need to know is finding your next deep diamond discount could be as simple as doing some research. 

Be organized while you're making your comparisons. Make a note of the various prices for diamonds sizes and styles that you're interested in — be sure to do this for every vendor you research. Once you've compiled a list of several options, you can begin comparing each vendor to one another. Look at markers like returns, frequency of sales, and shipping (if buying online). 

This method allows you to make an informed decision and choose a vendor that enables you to save money and benefit from top-notch customer service. 

Buy Lab-Grown Diamonds

Lab-grown diamonds have a lot of benefits, but one of the best reasons to consider a lab-grown diamond is their cost. Regardless of your financial situation, lab-grown diamonds offer you the opportunity to purchase a decently sized diamond for a fraction of the price that a traditional diamond would cost. 

Although many people attribute a diamond's high cost to its rarity, that's not accurate! Diamonds aren't all that rare. For the most part, diamonds are so expensive because of demand and an industry dominated by giants. However, those seeking the beauty and longevity of a diamond stone need not empty their bank accounts. Lab-grown diamonds are just as valuable as mined diamonds as they are identical in appearance, chemical makeup, and quality. 

Buy Just Under a Full Carat Size

It's common to see full carat sizes listed on websites when you’re diamond shopping. However, buying a diamond that's just below the next full carat size can help you save a great deal on your diamond. In action, this would be a purchase of a 1.7-carat diamond over a full 2-carat diamond. 

Though the diamond loses some of its weight when you opt to buy a lower carat stone, the loss of weight won't make a significant difference if it is cut well enough. Not to mention, you'll benefit from a significantly lower price point, which will certainly make your wallet happy.

That said, if you go this route when purchasing a loose diamond, then it's imperative to have the stone cut into a shape that will make it look larger. For example, an emerald-cut diamond is known to enhance the appearance of a stone. Not only will your diamond be spectacularly gorgeous, but it will look larger, too. 

Conclusion

Whether you're looking for a diamond for an engagement ring or customizing a new piece of jewelry, your diamond purchase is important. However, that doesn't mean it should cost an arm and a leg. Simply follow the tips above and you'll be able to find a great diamond without breaking the bank. Good luck!

Still can't afford diamonds? Buy a diamond now, and pay for it later.

One Comment

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    stackable girl July 10, 2020

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