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No Conflict Diamonds | Saving money and avoiding mined diamond scams

This is a great article that entails a good many of the scams that are put forth by mined diamond jewelers.

High quality man made diamonds are a bargain at about $80 per carat, and they do not increase in price exponentially as carat weight increases. For example, a one-carat synthetic diamond costs about $80; a three-carat man made diamond would then sell for $240. A one-carat mined diamond that sells for $3000 would go for $45,000 in a three-carat size, all things being equal, which with mined diamonds is never the case. Perplexing comparative evaluations, exponential price growth, consumer confusion, and the reality of diamond industry antics is why the mined diamond business is awash in dirty tricks. Here are descriptions of the most sneaky and pervasive mined diamond scams:

THE BLUE-WHITE SCAM: A jeweler tells you, “This is a blue-white diamond.” This is a very old term. The dealer will probably tell you that it is a better diamond, but actually it is just the opposite.

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  • This entry was posted on Wednesday, June 7, 2006 at 4:10 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can also leave a response or trackback from your own site.


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