There is a significant demand for the B2C purchase of diamonds, the problem is that casual buyers just don’t feel comfortable shopping for a diamond. Buying a diamond or diamond jewel at a local jewelry store, can be expensive. Simply put, the actual value that you get for the money spent would be quite low. It might be a better idea to pick a diamond from reliable source that, offers competitive prices and then, get a jewel made for that handpicked diamond. No matter where you buy your diamond from, there are a few things that you will need to keep in mind. This report should equip you with much of the essential information required to make a confident purchase.
Synthetics And Fakes: In normal circumstances, this paragraph would find a place at the bottom of the report but, conditions are not normal today. An almost deafening marketing noise is desperately trying to convince diamond lovers that, synthetic diamonds are as good as their natural counterparts. If you wish to buy a diamond and are willing to settle for a synthetic stone, nothing wrong as long as you know the whole truth. Synthetic diamonds are made in a factory using, a tiny flake of natural diamond as the ‘starting seed’. The technology and equipment to manufacture synthetic diamonds might be, scarcely known and are expensive – but the stones are manmade and not natural. Synthetic diamonds cost about 70% to 80% less than, their respective natural counterparts. It would be fair to presume that, the value of these diamonds, would keep falling as, the technic and equipment becomes more affordable. This is true despite the fact that, big names like DeBeers and GIA have also jumped on to the synthetics bandwagon. Fake diamonds could be anything, pieces of glass, plastic, acrylic or even a natural colorless gemstone.
Certification And 4Cs: The 4C values of a diamond significantly influence the price of the stone. It is important that the 4Cs (color, carat, cut and clarity) be accurately defined, this is what brings us to the issue of certified diamonds. Independent diamond testing laboratories, check and certify a diamond in an unbiased manner. Diamond buyers both, professional and casual have a preference for certified diamonds. There are somethings that you need to keep in mind about certified diamonds. Not all diamond testing laboratories are reputed, you could count just 4 to 5 labs that have global acceptance. To make the right buying decision, a certificate must have some essential bits of information related to the diamond. The fact whether the diamond is natural or synthetic, the precise 4C features of the stone, the treatment (if any) that was applied to the diamond and the dimensions of the stone – should all be clearly mentioned on the certificate. Many labs provide additional information that would be helpful in assessing the value of the stone. It is important to understand that, a diamond certificate will never mention the monetary value or price of the stone.
Choosing Quality: Most diamond lovers would want the largest and the best diamond, but at the end of the day budget constraints will need to be considered. There is an interesting equation between diamond size, color, clarity and cut that needs to be worked out. For example, if you wish to wear a one carat diamond and are not willing to compromise on weight – it might be necessary to ease up a bit on color and clarity expectations. In any case, you want a diamond that looks glittering and white to the naked eye. And of course, you do not wish to wear a stone that has been made in a factory. Most diamond buyers feel comfortable with a diamond that, has a clarity rating of VS1 to VS2 and a color range of G-J. These apply when you happen to be on a budget, if money is not an issue – the sky is the limit.
How Much To Pay: Life would have been much easier if a certified diamond, came with a price mentioned on the certificate. The price of a diamond is determined by the market elements of demand and supply and the, 4Cs of the stone. It might not be wrong to say that, the lesser the knowledge that the buyer has about diamonds, the higher the price that he or she ends up paying for the stone! Diamond and jewelry sellers often publish their own diamond price lists, these are obviously prepared keeping their own business interest in mind. A better way to estimate the market price of a diamond, would be to use an unbiased Diamond Price Calculator or Estimator. Glitzkoin has launched one of the most reliable diamond price estimators (DPE) that can be accessed from the website. The link has been provided below. The best thing is that, users of the DPE are not obliged to trade on the DiaEx diamond exchange. There is no charge involved to use the tool and results have an accuracy of +/- 20%. The application draws diamond supply and demand information from markets across the globe. The information is then, run through sophisticated algorithms to arrive at the estimated market price.
Crypto Payments: Buyers who want to buy a single or very few diamonds for their personal use, often do their shopping from local jewelers or websites. This because payment process is much easier and does not involve, the handling of multiple currencies. The fact is that this restricts their choice and also means that, they are not in a position to shop for the best value for their money. DiaEx a state-of-the-art blockchain based diamond exchange, opens up the market for diamonds. More details below, suffice it to say that, the GTN crypto token is used instead of bank transfers to settle payments on the DiaEx trading platform. This eliminates issues related to multiple currencies and their conversion.
Glitzkoin DiaEx And GTN: Glitzkoin is the first diamond blockchain to be promoted by a veteran from the $90 billion diamond industry. CEO Navneet Goenka comes from a family that has been a key player in the glittering industry for the past 50 years. The project was conceptualized after, studying the weaknesses and inefficiencies in the industry. The DiaEx diamond exchange is at the core of the Glitzkoin project. The exchange supports B2B and B2C diamond trade and traders, irrespective of their size and geographical location, can transact on the platform. The absence of middlemen, removes one of the most inefficient practices that has plagued the industry for decades. Listings on the DiaEx diamond exchange, are limited to certified stones – no fakes and no synthetics. The GTN crypto token has been launched as part of the Glitzkoin project, the token forms the mode of payment on the trading platform. This eliminates the need for going through cumbersome and expensive bank procedures. Diamond traders have for long been looking for, an alternate option to relieve themselves from lengthy and expensive banking procedures.