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Diamonds Articles


Diamond Grading Reports

(category: Diamonds, Word count: 212)
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You've been told that having a certificate or

a diamond grading report is important, and

as a responsible consumer, you get one -

unfortunately, you probably won't understand

a word of what is on that diamond grading

report, unless you are a jeweler.

On the color grading scale, D, E, and F

mean that the diamond has no color. G, H,

and I means that it has very little color. J, K,

and L means that the diamond has a slight

yellow color. P, Q, R, S, T, U, V, W, and X

means that the diamond is a darker shade

of yellow. Z means that the diamond has a

fancy color - other than white or yellow.

On the color grading scale, D is the most

valuable, and X is the least valuable -

however diamonds that get a Z rating are

the rarest and most expensive diamonds

in the world.

There are many aspects to a grading report.

Figuring it all out can be very confusing. You

should talk to a jeweler you trust, and have

them explain everything on the diamond

grading report to you.

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How To Buy Diamond Engagement Rings

(category: Diamonds, Word count: 275)
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There is much to consider when purchasing

a diamond - especially diamond

engagement rings! The tradition of

presenting a woman with a diamond

engagement ring when proposing began in

1477 when Archduke Maximilian presented

a diamond ring to Mary of Burgundy - and

in most cases, the woman you plan to

propose to will expect a ring to accompany

that proposal!

First, determine how much ring you can

afford. Most people use the 'two months

salary' rule. This means that the ring should

cost the equivalent of two months of your

current salary. Because you have other bills

to pay, saving up this amount of money may

take quite a bit of time. You should consider

financing. Simply go to the jeweler of your

choice and tell them that you plan to buy an

engagement ring, and that financing will be

necessary. Go ahead and get the credit

check out of the way, find out what your

payments will be, and how much of a down

payment is required.

Now, have your mother, sister, or your

girlfriends best friend take your girlfriend

shopping, and make sure that they gaze at

the engagement rings to get an idea of what

she might like. Make sure that the jewelry

store you buy the ring from will allow you to

return the ring, if that is required, or allow

your girlfriend to exchange it for another if

she isn't happy with it!

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Bonded Diamonds

(category: Diamonds, Word count: 458)
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Before you start shopping for diamonds,

consider dealing with a bonded jeweler.

Bonded jewelers sell bonded diamonds,

and there are very few bonded jewelers in

the world. In fact, out of all of the jeweler's

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 look at what you

get with the bonded option, you will see

that it is well worth the extra expense.

First, bonded diamonds have a buy back

policy for the life of the diamond. No matter

how long you have had the diamond, you can

take it back to the bonded jeweler and sell it

back to him or her, for a 100% refund. If a

jeweler does not offer a 100% buy back

guarantee, for the life of the diamond, then

you should take a closer look at the diamond

to see what is wrong with it.

Bonded diamonds also have a breakage

policy. If the stone breaks or chips, the

bonded jeweler will replace it with a new one

- one time. No jeweler 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 piece of mind concerning

the quality of the diamond. Bonded

diamonds are natural and untreated.

Bonded diamonds increase in value, with a

fixed appreciation rate that is designed to

keep up with inflation. This means that a

diamond that is worth a certain amount of

money today will be worth more in the future,

as the price of diamonds continues to rise.

This generally does not apply to buy backs,

however. It typically applies to trade-ins.

Alternately, by purchasing a bonded

diamond, you are protected against the

possibility of a market crash. If a market

crash occurs, the value of diamonds will

drop. However, the bonded jeweler

guarantees to refund you the difference

between what the diamond is now worth

and what you paid for it before the market

crash.

It may be difficult to find a bonded jeweler in

your area, but if you can, this is who you

want to deal with, as opposed to dealing

with an un-bonded jeweler. Specifically tell

the jeweler that you are only interested in

bonded diamonds. You can find a bonded

jeweler in your area by using various online

resources, or by calling the local jewelry

stores.

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How To Spot A Fake Diamond

(category: Diamonds, Word count: 260)
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In this world of advanced technology it is

almost impossible to simply look at a

diamond and determine whether it is real or

not - especially if you don't know much

about diamonds. There are some steps that

you can take to avoid buying a fake diamond,

however.

First, only deal with reputable jewelers, and

when you find a reputable jeweler, stick with

them. Avoid buying diamonds or other

jewelry from jewelers that you have never

dealt with before in the past. Ask to see the

certificate for the stone. If no certificate exists,

walk away.

Look at the setting that the stone is in. Fake

diamonds, such as zirconias, are usually set

in low quality metals. Take a close look at the

stone. Fake diamonds are not durable -

natural diamonds, on the other hand, are the

most durable stone on the planet. Look for

scratches or nicks.

After purchasing a diamond, take it to

another jeweler for appraisal. In fact, take it

to two or three other jewelers for an appraisal

to make sure that the appraisals are all fairly

close. If you find that you have purchased a

fake diamond, you may be accused of

making a switch when you return to the store

of your purchase; therefore, it is important to

have a certificate for the diamond. No two

stones are alike.

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How Diamonds Are Cut

(category: Diamonds, Word count: 229)
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In their most natural form, diamonds are -

well - quite ugly. They have no luster or shine,

and in fact, look like nothing more than

broken glass. A diamond must be cut, and

then polished before it actually becomes a

thing of beauty.

Diamonds are cut with saws, into round

shapes. From the rounded shape, other

shapes may be cut, such as heart shapes

- but the shape is less important than the

quality of the cutting that is being done. If

the diamond is poorly cut, it will lose light,

and it will not sparkle and shine very well.

Each facet of the diamond must be

carefully cut into the geometrical shapes

that allow the diamond to sparkle and

shine, then the entire diamond is cut into

a specific shape, such as an emerald cut

or a princess cut diamond.

Once the cut is done, the diamond is put into

a dop, which resembles a cup with another

diamond - only a diamond is strong enough

to smooth the edges of another diamond.

Once the diamond has been cut and shaped,

and had the edges smoothed in the dop, it is

polished on a scaif or a diamond polishing

wheel.

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Buying Diamonds Online

(category: Diamonds, Word count: 510)
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With all of the potential for scams concerning

diamonds, buying diamonds online almost

seems unthinkable! However, you actually

can purchase diamonds online, without any

problems - as long as you are careful.

First, think about your reasons for wanting to

purchase the diamond online, as opposed to

making a purchase from a local jewelry store.

The most common reason is price. Due to

low overhead costs, online jewelers and

wholesalers are able to offer lower prices.

However, you must be careful - sometimes

a price that is too low is a sure indication of

a scam.

One of the best things about purchasing

online is the unlimited selection. When

shopping offline, you are limited to the

selection in the stores in your general area.

Online, there are no limits. But again, you

must use a great deal of care and

consideration before handing your money

over to someone that you cannot see and

have never met!

Before shopping, learn as much as you can

about diamonds - especially cut, color,

clarity and carat weights. When you are

knowledgeable about diamonds, it will be

harder for a con artist to rip you off. Once

you know more about diamonds, you will be

ready to start shopping.

Take your time. Don't purchase the first

diamond that you see that interests you.

Instead, look for similar diamonds for sale.

Do some comparison shopping to find the

lowest prices. Once you have found the

lowest price, start doing your investigation.

You know about diamonds, you've found a

diamond that you love, and you've found the

lowest price - but you are still quite a ways

away from actually purchasing that diamond!

Ask about the seller's credentials, such as

professional jewelry associations that they

belong to. View and print the seller's return,

refund, and upgrade policies. Also inquire

about additional services, such as settings

and mountings, sizing, and free shipping. Do

a search for customer reviews on this

particular company around the Internet. Also

check with the BBB Online to see if there have

been any complaints.

Ask for a diamond grading report from an

independent laboratory such as GIA, HRD,

EGL or AGS. You should see this before

making a purchase. Finally, use a reputable

escrow service for high dollar diamonds -

preferably one that will have the diamond

appraised while it is in their possession. The

seller sends the diamond to the escrow

service, and you send the money to pay for

the diamond to the escrow service. The

escrow service has the diamond appraised,

sends the diamond to you, and sends the

money to the seller. This is the surest way to

protect yourself...again, make sure that you

use a reputable escrow service!

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Where Diamonds Are Mined

(category: Diamonds, Word count: 467)
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Argye mine located in the Kimberley region

in the far north east of Western Australia.

Owned by Rio Tinto, this mine is the world's

largest single producer of volume of

diamonds. However, due to low proportion

of gem quality diamonds it is not the value

leader. It does produce 90-95% of the

world's supply of pink diamonds.

Diavik is also owned by Rio Tinto, located in

Canada it is a very large mine. It is located

north of Yellowknife and south of the Artic

Circle on an island. The island is connected

by an ice road. It is also an important part of

the regions economy employing more than

700 people and producing more than 8 million

carats annually.

Ekati diamond mine is owned by BHP

Billiton and located south of the artic circle

in the Northwest Territories of Canada.

The Ekati is Canada's first operational

diamond mine. Diamonds mined here

are sold under the Aurias trade name

Authenticity is verified through Canada

Mark service. CanadaMark service is also

owned by BHP Billiton Diamonds, Inc.

Baken diamond mine is located along the

lower Orange River in South Africa. It is

owned and operated by Trans Hex. The

average size stone for 2004 was 1.29

carats. In 2004, this mine produced a

78.9 carat D color flawless diamond that

sold for more than 1.8 million dollars (US),

as well as a 27.67 pink diamond that was

sold for over 1 million US dollars.

Merlin is the second of only two diamond

mines in Australia. No longer operating it

was owned by Rio Tinto and sold to Striker

Resources, who has explored the

possibilities of reopening the mine.

Orapa is the world's largest diamond mine.

It us located 240 Km west of

Francistown. The mine is owned by

"Debswana" which is a partnership

between DeBeers and the government of

Botswana. This mine operates 7 days a

week. It maintains pre primary and

primary schools for its employee's children.

There is also a 100 bed hospital and game

park. This mine began production in 1971

and is the oldest mine owned by the

Debswana Company.

The Premier mine located in Cullinan, South

Africa produced the largest gem diamond

ever in 1905. The Cullinan Diamond

weighed 3,106.75 carats. This mine also

produced the Golden Jubilee diamond

which weighed 545.67 carats. This mine is

owned by the De Beers Company and was

renamed The Cullinan Diamond Mine in

2003 in celebration of its centennial.

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Colored Diamonds

(category: Diamonds, Word count: 471)
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Fancy colored diamonds are all the rage

these days. Gemologists have developed

new ways to create versions that are

affordable for the average person - by

treating less desirable diamonds. These

less desirable diamonds are treated with

irradiation followed by intense heat. This

turns brown and yellowish diamonds into

beautifully colored diamonds that you can

afford. This produces stunning greens,

blues, yellows, reds, purples and other

colors. These colors are considered

permanent, but there is a possibility

they could change during repairs if a high

heat is used.

Treatments like irradiation make it possible

for more people to own these vividly colored

diamonds. Most natural colored diamonds

are rare and also extremely expensive. When

shopping for colored diamonds you need to

assume that any affordable fancy color

diamond has been treated. Ask about the

stones origin and request to view a lab

certificate to verify authenticity.

Synthetic colored diamonds are another

option if owning a colored diamond is

something you desire but cannot quite afford.

They are real diamonds, but they are created

in a lab.

Natural fancy color diamonds get their

coloring from different trace elements present

in the stones, such as nitrogen, which

produces a yellow diamond. Diamonds can

be colored by exposure to radiation during its

creation. An example of a diamond affected

by radiation is a Green diamond.

Another way that a natural colored diamond

gets color is by its inclusions. Regarded as

flaws and undesirable in a colorless diamond,

inclusions give unique tones and brilliant

flashes of color in a fancy color diamond.

Remember that Natural fancy colored

diamonds are very expensive, any colored

diamond labeled to be sold as natural should

be accompanied by a certificate from a

respected grading lab.

A "fancy" diamond is a natural diamond that

has color. These colors vary from red, green,

purple, violet, orange, blue and pink - and

most shades between. Fancy color shades

vary from faint to intense.

The most famous diamonds in the world are

Color diamonds. The Tiffany Diamond,

which is yellow and the Hope Diamond which

is blue are colored diamonds. Color

diamonds have an amazing financial track

record. The value has never decreased on

wholesale level in more than 30 years. Blue

and pink diamonds have doubled every 5

years of a strong economy. In the 1970's

you could have bought a very high quality

blue diamond for about 50K and today the

very same stone would be worth between

2 and 3 million.

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How Diamond Prices Are Determined

(category: Diamonds, Word count: 507)
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Pricing most products is quite easy.

Determine how much it costs to make the

item, how much it costs to market that item,

and then mark it up by 15 - 30% or more.

Simple, right? Well, pricing diamonds isn't

quite that simple. There are many factors

that are considered when diamonds are

priced.

Diamond prices are determined first by

adding the cost of the rough diamond, the

cost of cutting the diamond, and all other

costs necessary to turn the rough diamond

into a marketable diamond. Depending on

the importance of the diamond, an

independent company may be called in to

certify the grade of the diamond based on

color, cut, clarity, and weight.

At this point, the diamond becomes more

expensive each time it changes hands, until

it finally reaches a retailer, where the price is

raised a bit more. Before reaching the

retailer, however, the diamond must travel

from the mine, to the cutter and polisher, to

the independent grading company, and

then to the Primary market. Once it has

reached the primary market, it will be

purchased by diamond dealers and

wholesalers, and from there it will be sold

to retailers.

As you can see, the earlier you can purchase

a diamond in the process, the lower the cost

of the diamond will be - but not the value.

The value is based on what the diamond will

sell for in the market place - through a retailer.

If you own a diamond, and you have no idea

how much it is worth, you can have it

appraised, but the appraisal may not be

accurate. You will be better off obtaining a

certificate through GIA - Gemological Institute

of America. With the information on this

certificate, you can use a cutter's guide to

accurately determine what your diamond is

worth.

There are also many diamond price

calculators available. These can be found

on the Internet, and many diamond dealers

use these as well. You must realize, however,

that before you can accurately price a

diamond, without a Diamond Grade Report,

you need to know quite a bit about diamonds,

such as different cuts, clarity, color, and weight

- and how each of those aspects adds to the

value of a diamond, or decreases the value of

the diamond as the case may be.

Again, you will be better off if you get a

Diamond Grading Report on the diamond,

and use that information to look up the price

in one of the guides that the diamond cutting

industry uses. This will give you the most

accurate value of the diamond in your

possession, or of the diamond you are

considering purchasing.

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