The Risks of Buying Discounted Diamonds

When you’re purchasing a diamond, especially if it’s for something special like an engagement ring, it pays to be aware of potential scams. Without a good understanding of diamonds, synthetics and simulants, you may accidentally find yourself paying for a stone which isn’t what you think it is. Here’s some advice on how to buy genuine, ethically sourced diamonds.

Red Flags To Look Out For

There are a few signs that indicate you may be dealing with a sub-standard diamond dealer, including:

  • Prices that are too cheap to be true
  • No reliable certification is willing to be provided
  • What’s promised in advertising material isn’t available in the shop
  • The salesperson telling you you’re getting a huge discount on the stated value of the stone

How Much Should a Diamond Cost?

There’s a lot of variation when it comes to the price of a diamond. How much it costs depends on the size, the cut, the origin of the diamond, whether or not it has any inclusions as well as other factors. Remember that if a deal seems too good to be true, it almost certainly is.

Happy engaged couple holding hands

What to Check When Choosing a Jeweller

Look for a jeweller that is a member of the Jewellers Association of Australia and/or Diamond Guild Australia. Both these organisations have a code of ethics committing members to ethical selling practices. A good jeweller will spend time with you and help find a diamond that’s in your price range and suits your needs. Don’t be afraid to ask plenty of questions.

If you’re looking for a diamond of 0.5 carat or more, request a grading certificate from an independent laboratory. A reputable jeweller sells stones with genuine Diamond Grading Reports or Certificates.

How to Tell If a Diamond is Real

There are a few tests you can conduct to see whether a diamond is a fake or not, including:

  • Fog Test – Place your diamond in front of your mouth and fog it up with your breath like you would with a window or mirror. If the diamond stays fogged for a few seconds, then it’s most likely a fake. A real diamond doesn’t fog up easily.
  • Magnifying Glass or Loupe Test – A real diamond has tiny imperfections called inclusions, indicating it is a natural, mined diamond. If you’re unable to find any looking through a magnifying glass or loupe, then it is most likely fake. Lab produced diamonds typically don’t have imperfections as they are produced in controlled environments.
  • Water Test – Fill a glass with water. Carefully drop the diamond into the glass. If it sinks, it’s a real diamond. If it floats underneath or at the surface of the water, it’s a fake. A real diamond has high density so it will sink every time.

However, if you want to know for sure whether or not a diamond is real, the best option is to take it to a reputable jeweller and seek out their advice.

High Quality, Ethically Sourced Diamonds

At Hope Diamonds, we are proud to offer highly prized, ethically sourced diamonds to Australians. We have a wide range of white and coloured diamonds for all budgets and applications. Explore our range or to discuss a bespoke piece, get a quote or for any other information, call us today on 1300 67 57 87 or contact us online.