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Friday, July 9, 2010

When it’s A Diamond, But Near Worthless

In the art of buying diamonds, one has to really get educated to avoid some of the pitfalls of buying for disreputable vendors. Just because something is a diamond does not mean it automatically is worth a lot of money. You have to understand how diamonds are graded with the 4Cs to know when a diamond is valuable and when it is not. Different types of treatments can make a cheap diamond look like a valuable gem, but once any diamond is treated, it automatically loses value, as it is no longer natural. You have to beware of scams that deal with enhancing diamonds of lower quality just to sell them to unsuspecting people who think they are worth more.

Enhancements to Avoid
Heat treatments or laser drilling can improve the clarity of a lower grade diamond, making it appear to be higher quality. Radiation treatments can take a brownish colored diamond and turn it into a fancy-colored diamond, in pinks and blues. Fracture filling is also a way to increase the clarity of diamond, but with a subsequent loss of value. Many of these treatments are not illegal, but the vendor should note them it if a natural diamond has been enhanced, as the value will not be
the same as a natural diamond of similar higher quality.

Get A Third Party Appraisal
Some of the enhancements are easy to spot and others are not. The best way to avoid being taken is to make sure that you get a third party appraisal on the diamond to make sure it is not enhanced in any way. You should always purchase your diamonds from a reputable vendor who has nothing to gain by losing their name over selling shoddy goods. All in all, if the price of a diamond seems “too good to be true” it usually is. Natural diamonds of high quality are worth every penny you spend on them.

Disclosure: Abazias has asked me to do this.

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