Diamond Scams

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Diamond Scams

While some may consider the word “scam” to be a harsh epithet for strategies that may be employed by reputable jewelers to turn a profit, any type of program that involves misleading a consumer ought to be labelled as a scam. When it concerns diamonds, there are Several scams to avoid. Most scams are Small, but there are some major ones that Arise from time to time concerning the Purchasing and selling of diamonds. Scams Take place just because most people who purchase diamonds – for whatever reasons – don’t know that much about diamonds. So, They’re easily fooled.

A basic scam that most jewelry dealer Take part in is the Carat Total Weight scam. The tag on the piece of jewellery, normally a ring,
only states the total carat weight of all diamonds in the piece, rather than listing the total weights separately for each diamond. This leads consumers to believe that the main diamond in the piece is really bigger than it’s. Ask what the total carat weight of the center stone is. Also beware of fractions. Jewelry dealer are allowed to round off diamond weights. This means that if the jeweller tells you that it’s a ¾ carat diamond, it’s probably between ½ and ¾ carat – but closer to ¾.

Jewelry dealer frequently run ‘fluorescence’ scams to varying degrees. Referring to a diamond as a blue-white diamond is such a
scam. A blue-white diamond sounds very unique and special, but in fact, this type of diamond is of lesser quality – even though the jeweller will try to make you think you’re getting something special. Jewelry dealer also like to show their diamonds in bright lights. Lights make diamonds shine. Ask to see the diamond in a different, darker
type of lighting as well.

A few truly unscrupulous jewellers target those who want appraisals on diamonds that were given to them as gifts or that were purchased elsewhere. They’ll try to tell you that the diamond is worthless, or worth less than it really is worth – and provide to take it off your hands or trade it for a much better diamond, along with the cash to make up the difference. This is called low balling. Get a second, third, and even a forth opinion before taking any action.

Some other common dirty trick is to switch the diamond you’ve chosen and paid for with Among lesser quality and value when you leave it to be set in a piece of jewellery, or leave a diamond ring to be sized. The only way to avoid this is to do business with one Trusty jeweller. Avoid jewellers that you Haven’t done business with in the past.

There are more scams that jewelry dealer normally pull on unsuspecting consumers. Just use your best judgment, and buy your diamonds with the utmost care and consideration.

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June 09 2009 03:51 am | Diamonds

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