Diamonds for Investment

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Common Diamond Scams

What are 6 of the most common diamond scams

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 scam

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 value.

An illustration of a diamond reflecting light
Avoid viewing a diamond under bright lights and ask instead
to view it
 in a darker type of lighting, for more realistic appraisal.

Fluorescence scam

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.

Low balling scam

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.

Diamond switch scam

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.

   Guide to Buying Diamonds
Artificial Diamonds
Artificial Diamonds Difference

Diamonds Online
Buying Diamonds Online

Diamond Scams
Common Diamond Scams

Diamond Brands
Diamond Brands Meaning
Diamond Cuts
Diamond Cuts and Shapes

Grading Diamonds
Diamond Grading Criteria

Diamond Grading
Diamond Grading Scale
Diamond Mining
Diamond Mining Methods

Diamond Weight
Diamond Weight in Carats

Diamond Clarity
Diamonds Clarity and Grade

Diamonds Insurance
Diamonds Insurance Types

Diamonds History
Diamonds Through History

Fake Diamond
Fake or Real Diamond

Colored Diamonds
Fancy Color Diamonds
Bonded Diamonds
Fully Bonded Diamonds
Diamond Certificate
GIA Diamond Certificate
Buying Diamonds
Guide to Buying Diamonds

Famous Diamonds
Most Famous Diamonds

Selling Diamonds
Selling Your Diamonds

Synthetic Diamonds Processes
Synthetic Diamonds Processes

Synthetic Daimonds
Synthetic Lab Diamonds

Diamonds are Rare
Why Diamonds Are Rare