Buying Advice

With the collapse of Diamond Exchange this week, many people are doubting whether or not it is safe to buy diamonds online.

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One of the benefits of buying an International Selection diamond from us, is that you don’t have to pay in full until the diamond (or ring) is ready to be shipped or collect.

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There’s been quite a bit of hoopla in the American media lately about the price of gold reaching US$1000 per ounce.  However, as this article explains, it has really dropped about 25% in Australian dollar terms from its highs in February.

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Even with huge progressions in diamond technology, a lot of jewellers still say that a prospective diamond buyer must view a diamond prior to purchase. Of course, not trading online means that they are completely biased, but is it a really valid assertion?

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In the past year, princess cut diamonds have considerably more popular than in past years, selling at the rate of approximately 70% of round diamonds.

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Up until a few weeks ago, there was a very good (not necessarily correct) article about buying a diamond engagement ring online vs in a jewellery store. The article, is still available here (archive.org) and was featured on the QReport website.

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To complement the quality diamonds that we sell, we also sell a range of engagement rings, as well as diamond ear studs. For years, we have been hand-making our rings in our Perth workshop, however, due to demand, we will soon we will begin offering cast engagement rings at a lower price.

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Judging by classified ads like those in The Trading Post, there are always people selling diamond engagement rings. The most common cause is that the engagement or wedding was called off, leaving the would-be bride or groom with an expensive ring, along with all the emotional baggage attached to the ring.

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Walk into any jewellery supplies store (we have two within a block of our office) and you’ll most likely be greeted with over the top prices compared to prices overseas.

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Sometimes, we see people buying a diamond from the US, rather than locally. Whilst some may say you can save money by buying from the US, which is the biggest diamond market in the world, some say it’s just plain absurd.

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