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Guide to Buying a Diamond Ring

1. Learn as much as you can about diamonds - The easiest way is to spend a few minutes reading our diamond tutorial and our ring tutorial -- we feature the most comprehensive and unbiased treatment of diamonds and rings available on the web, and we constantly update it to reflect new trends and information. Learn about the 4 C's; Clarity, Color, Cut and Carat Weight.
  • Clarity - The first thing to look for when buying a diamond. The clarity of a diamond is determined by the presence or absence of tiny natural flaws or blemishes, known as inclusions. Most of these inclusions are revealed by powerful magnification only. The fewer and smaller the inclusions are, the higher the price of the diamond.
  • Color - Diamonds come naturally in every color of the rainbow. It is the colorless diamond that is most valued because it is the rarest of all the varieties. Although increasing shades of yellow reduce the value of a diamond, they do not necessarily reduce its beauty. If a diamond is well cut, its refraction and dispersion of light will often disguise he certain degrees of coloration.
  • Cut - The cut refers to the rocks proportion rather than its shape. Diamond shapes may come in round, oval, marquise, pear, heart and emerald. The choice is largely a matter of personal preference.
  • Carat weight - One Carat is equal to 1/5 of a gram (200mg) Don't confuse the weight of a rock to it's size. What appears bigger may in fact be lighter. If a diamond is cut for maximum yield in weight rather than to achieve beauty, it would be less desirable.

2. Don't forget about Internet jewelers - The Internet is quickly becoming a popular way to purchase diamonds.

3. Ask questions! - Members of the jewelry industry as well as other consumers regularly monitor the industry. You will usually have several answers back within a few hours from a wide variety of individuals -- from industry experts, to fellow consumers.

4. Learn the price of diamonds - Once you've narrowed down your selection and you've selected a jeweler, the last remaining task is to negotiate the best possible price. Just like you wouldn't purchase an automobile without knowing its factory-invoice cost (from such sources as Consumer Reports* or BlueBook*), you should not purchase a diamond based solely on the jeweler's stated price.

5. Buy it! - During this process, be sure to reference our negotiation tips.