I recently got engaged and I spent a lot time researching diamonds for the engagement ring. I'm writing this review because I spent a lot of time educating myself on diamonds and i think i can quickly summarize everything so others can benefit from this.
1. Choosing the Stone:
Now picking out the type of stone is something that each person is going to have to figure out on their own so i can't help with that part of it. That's all personal preference. But where i can help is making sure that you are GETTING A GOOD DEAL.
2. Check the Rapaport Report:
it's really simple actually. I all comes down to something called the Rapaport Diamond Report. This is a weekly report that all diamond brokers use to price diamonds. This basically sets the price for diamonds. It is published weekly and everyone who is worth their salt in the diamond business will have this. I was doing my shopping in some boutique jewelry stores in Manhattan Beach but most of my time was spent at the jewelry district in downtown Los Angeles. Each place had the "Rap Sheet" as the called it and were very forthcoming sharing it with me. I wouldn't trust anyone who doesn't have this available and won't share it with you. Here's my Los Angeles recommendation for a diamond jeweler.
The Rapaport Report breaks down each the price for every sized diamond by color and clarity so you can see exactly what the diamond you are buying is worth. For example, if you're buying a 1.02 carat round cut H color and SI1 clarity, it will be one price, but if you buy a .98 carat with the same color and clarity, it will be significantly less because the Rapp Report has price breaks for each carat. As you shop, you'll notice that most diamonds are just over the carat break point so that they can get max value for each stone, so actually you'll be hard pressed to find stones that are .98 carat.The Rapaport Report shows prices for Rounds on one sheet and Fancy cuts (cushion, emerald, etc.... everything other than round cuts i think) on another sheet. Generally speaking the Rounds are more expensive than Fancy cuts so make sure you are looking at the right side of the Rap Sheet.
What did you think of this review?