There are many misconceptions surrounding purchasing loose diamonds. Some people believe that they are mainly for collectors or jewellers and are therefore unsuitable for the average person, however, this is isn’t true. Another assumption is that they are far more expensive than buying a pre-designed ring, which again is often not the case at all. The advantages to buying loose diamonds are generally unknown, so if you are considering purchasing an engagement, wedding or any other type of diamond ring we’ve put together a list of benefits to buying a loose diamond that you may have been unaware of.
One advantage of a loose diamond is that you can see the entire of the diamond for what it is, rather than parts of it being hidden when it is pre-set. This means you can easily assess the quality of the diamond in its true form and make sure there are no flaws, from whatever angle you like before it has been mounted.
Another benefit is that when you choose a loose diamond you can then have a jeweller set it in a design of your choice. This is perfect for bespoke engagement rings as it creates something special and unique. This could even be portrayed by your fiance as a more meaningful and romantic gesture. In addition, rather than an exhaustive, endless search for the perfect ring from what is already available, it makes sense to create your own and tailor it to how you would like it. To make sure it is exactly to your partner’s taste, you could even propose with just the loose diamond or the loose diamond in a temporary setting and then go to the jewellers together to get it set. This means she is able to design the ring of her dreams herself, taking the pressure away from you trying to choose a ring that you think she will like by yourself, which is something most men find very daunting.
Finally, another important advantage of purchasing a loose diamond is that it usually works out cheaper to buy the diamond separately and then have it set in a ring after, rather than buying a preset ring. This means that you can use the money that you have saved to add onto the price of your ring and get more for your money. Alternatively, you could put it to good use by putting it into savings, towards the wedding, honeymoon, or a new home together.
Evidently, it can be beneficial to purchase a loose diamond rather than a preset ring, and so it is definitely worth looking into. Like with any investment, it is important to do thorough research beforehand to make sure that you don’t get scammed, as it is possible for some dealers to simply tell you what they know you want to hear. Speak to different jewellers and shop around to make sure that you end up with exactly what you’re looking for at a suitable price.
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