Buying a diamond ring is a major investment and an important decision. However, it can be difficult to know exactly what to look out for and the rules of thumb to follow when shopping for the perfect diamond ring.
With so many options available and various factors that determine the quality, price, and beauty of a diamond – it’s essential to be well-informed before making a purchase. Here are the 10 dos and don’ts of buying a diamond ring in Singapore that will help you make an informed decision:
Do your research.
It’s important to learn about diamonds before you shop for one. Familiarise yourself with the 4 Cs—cut, clarity, colour, and carat weight—and keep your budget in mind. That way, you can search for a diamond that fits within your budget but has features you love.
Make sure the diamond and/or jewellery you buy is accompanied by a certificate of authenticity and appraisal from an independent, accredited gemological laboratory like the Gemological Institute of America (GIA) and IGI. This will ensure that your diamond is accurately graded according to the 4 Cs.
Don’t forget to ask questions.
Before you make a purchase, it is important to have all the information that you need. Make sure to ask your jeweller specific questions such as what type of gold or platinum is used in the ring, how many carats the diamond(s) has and where the diamond was sourced.
It is also important to inquire about the diamond certification and return policy. Ask as many questions as you need until you feel confident in your purchase.
Do opt for lab grown diamonds if desired.
Lab-grown diamonds are becoming increasingly popular, since they are created using advanced technology and can be of higher clarity than mined diamonds. They are also far more affordable than mined diamonds and still look just as beautiful.
Furthermore, they come with a certificate of authenticity which ensures the quality of the diamond.
Don’t forget the 4Cs.
The four Cs of diamonds refer to cut, clarity, colour and carat. All these factors contribute to the value of a diamond and should be considered when purchasing one. Be sure to check the certification for each of these facets so that you can get an accurate assessment of its quality before making any purchase.
In addition, make sure the setting is secure enough to keep the diamond in place.
Do compare prices before buying.
Before making a purchase for a diamond ring in Singapore, it is essential to compare the prices of different sellers in order to get the best deal. Make sure to look at both online and offline stores, as even if the price of a ring is higher in an offline store, they may offer better services such as free cleaning or resizing.
Also, keep in mind that the size of a diamond does not always equal quality, two diamonds with similar carat weights may have drastically different prices, so always ask for the diamond certificate and compare quality before making a purchase.
Don’t forget to factor in taxes and hidden fees.
When budgeting for your diamond ring, be sure to include any additional costs such as sales tax or delivery charges that may apply. Make sure you understand all the costs before making a final purchase decision so there are no surprises down the line.
Do consider the ring design and style.
There are a variety of different diamond shapes, settings and designs to choose from when buying a ring, so take the time to think about what kind of look you are going for before making your purchase.
Also consider any additional stones or accents that may add extra glamour or symbolism to your ring.
Don’t forget to check the return policy.
Before you buy, make sure to ask about the store’s return policy, as there may be restrictions on when and how you can exchange or refund your purchase. Knowing this information beforehand can help you make peace of mind with your decision.
Do take care of your ring.
Diamond rings should be treated with extra care as they are a valuable purchase with sentimental value. Make sure to store the ring correctly and keep it away from harsh chemicals or liquids, and consider having it professionally cleaned periodically.
Don’t forget to insure your ring.
As an added layer of protection, it’s a good idea to invest in an insurance policy for your diamond ring. That way, if anything were to happen to the ring, you would be able to get it repaired or replaced without having to pay out of pocket.
Buying a diamond is an exciting process — but one that needs careful consideration before jumping into any decisions. We hope this guide gave some helpful tips about what to do (and definitely don’t) when selecting a diamond ring for yourself or someone special in your life! With these Dos and Don’ts in mind, we’re confident that you’ll find the perfect option within your budget!