Common Diamond Scams
What are 6 of the most common diamond
When it comes to diamonds, there are numerous scams to avoid. Most diamond scams
are minor, but there are some major ones that come up from time to time concerning the buying and selling of
diamonds. Scams occur simply because most people who buy diamonds – for whatever reasons – don’t know that much
about diamonds. Therefore, they are easily fooled by these common diamond scams.
Carat total weight
A common diamonds scam that most jewelry stores participate in is the Carat Total
Weight scam. The tag on the piece of jewelry, usually a ring, only states the total carat weight of all diamonds in
the piece, instead of listing the total weights separately for each diamond. This can lead the buyer to believe
that the main diamond in the jewelry piece is actually bigger than it is. Always ask what is the total carat weight
of the center stone only.
Rounding up carat weight
Another thing to watch out for is diamond weight fractions. Jewelry stores are allowed to round off diamond weights. This means that if the
jeweler tells you that a stone is a 5-carat diamond, it is probably between 4 and 5 carats, but closer to 5-carat
weight. If you are not paying attention, you will be paying for a full 5-carat weight. Depending on the value of
the diamond, this small fraction could mean paying extra, even though you're not quite getting the full
|Avoid viewing a diamond under bright lights and ask
to view it in a darker type of lighting, for more realistic
Jewelry stores often run ‘fluorescence’ diamond scams to varying degrees.
Referring to a diamond as a blue-white diamond is such a scam. A blue-white diamond sounds very unique and special,
but in fact, this type of diamond is of lesser quality – even though the jeweler will try to make you think you are
getting something special.
Bright lights scam
Some jewelry stores like to show their diamonds in bright lights. Lights make
diamonds shine, which is one of the reasons why we buy them, especially brilliant diamonds. But they should shine
in the normal, natural light, not being enhanced by bright lights. Ask to see the diamond in a different, darker
type of lighting as well, which will give you a better idea of the diamond's true brilliance.
Some truly unscrupulous jewelers target those who want appraisals on diamonds that
were given to them as gifts or that were purchased elsewhere. They will try to tell you that the diamond is
worthless, or worth less than it actually is worth – and offer to take it off your hands or trade it for a much
better diamond, along with the cash to make up the difference. This is called low balling. Get a second, third, and
even a forth opinion before taking any action.
Another common dirty trick is to switch the diamond you have chosen and paid for
with one of lesser quality and value when you leave it to be set in a piece of jewelry, or leave a diamond ring to
be sized. The only way to avoid this is to do business with one trustworthy jeweler. Avoid jewelers that you have
not done business with in the past.
There are many more diamond scams that jewelry stores commonly pull on
unsuspecting consumers. Just use your best judgment, and purchase your diamonds with the utmost care and
consideration, to avoid being a victim of diamonds scam.