Are Diamonds Really Rare?

When you walk into a jewelry store and see \r all the diamonds in all of the various settings \r that are for sale, it is difficult to realize that \r diamonds are indeed rare. Most people \r do not even stop to consider how that \r diamond came to be sitting in that jewelers \r case! There is quite a bit of work that is done\r before a diamond is ready to sell to the \r general public!

For every one million diamonds that are \r mined, only one will be found that is a quality \r one caret diamond. In order to find a two \r caret diamond, about five million diamonds \r must be mined. More than two hundred tons \r of ore must be mined to find one small \r diamond, and even then, more than 80 percent \r of the diamonds that are mined are only \r good for industrial use, such as diamond \r drill bits.

So, the next time you visit your local jewelry \r store, ask to see the one carat diamonds. \r You should look at this diamond with new \r appreciation knowing that it truly is one \r in a million!

Bonded Diamonds

Before you start shopping for diamonds, \r consider dealing with a bonded jeweler. \r Bonded jewelers sell bonded diamonds, \r and there are very few bonded jewelers in \r the world. In fact, out of all of the jewelers \r in the world, only about 5 percent of them are \r bonded. Buying a bonded diamond will \r cost more than buying a non bonded \r diamond, but when you look at what you \r get with the bonded option, you will see \r that it is well worth the extra expense.

First, bonded diamonds have a buy back \r policy for the life of the diamond. No matter \r how long you have had the diamond, you can \r take it back to the bonded jeweler and sell it \r back to him or her, for a 100 percent refund. If a \r jeweler does not offer a 100 percent buy back \r guarantee, for the life of the diamond, then \r you should take a closer look at the diamond \r to see what is wrong with it.

Bonded diamonds also have a breakage policy. If the stone breaks or chips, the bonded jeweler will replace it with a new one one time. No jeweler would ever offer such a policy on any stone that was not 100 percent natural, so just the offer of such a policy should give you piece of mind concerning \r the quality of the diamond. Bonded diamonds are natural and untreated.

Bonded diamonds increase in value, with a \r fixed appreciation rate that is designed to \r keep up with inflation. This means that a \r diamond that is worth a certain amount of \r money today will be worth more in the future, \r as the price of diamonds continues to rise. \r This generally does not apply to buy backs, \r however. It typically applies to trade-ins.

Alternately, by purchasing a bonded \r diamond, you are protected against the \r possibility of a market crash. If a market \r crash occurs, the value of diamonds will \r drop. However, the bonded jeweler \r guarantees to refund you the difference \r between what the diamond is now worth \r and what you paid for it before the market \r crash.

It may be difficult to find a bonded jeweler in \r your area, but if you can, this is who you \r want to deal with, as opposed to dealing \r with an un-bonded jeweler. Specifically tell \r the jeweler that you are only interested in \r bonded diamonds. You can find a bonded \r jeweler in your area by using various online \r resources, or by calling the local jewelry \r stores.

Pj Germain
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