How To Protect Your Diamond Investment

Diamond InvestmentIn my last article I wrote about how important a GIA grading report was in pricing a diamond and how it could mean the difference between getting the right price or getting the wrong price for your diamond investment.  I told you a true story of how I deal with diamonds that don’t have reports and can be graded up or down, and I told you how it turned out for the woman involved.

Of course, it doesn’t always turn out in the best interest of the customer.  It’s a fact that there are many diamond buyers out there that are not honest and I understand the fear and trepidation the customer faces when they are talking about their diamond investment, which can turn out to be a lot of money.

At the same time, as the diamond buyer, we also have to protect ourselves from scams.  I’m not saying that all customers are scammers, but it does happen that a customer will try to sell stolen goods and sometimes diamonds that are too good to be true are fake.  So, how do the buyer and the seller both stay protected when they are dealing with the diamond investment? [Read more...]