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Article #92: Diamonds, Engagement Rings, Wedding Rings - Internet vs. Retail

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Retail Jewelry Stores sale and say "No Thanks!". Be honest and
A common belief is that all jewelers are fair with them and you may be surprised
out to get you and that you're going to at how helpful they can be.
pay too much for a diamond or engagement Internet Jewelers
ring. This is true for all industries and Ok I know you have been waiting for this,
businesses, not just the jewelry so here it is... Yes you can buy a
industry. There are good businesses and diamond for less on the Internet! You'll
there are not so good businesses. There's also save the sales tax. But you need to
always a chance to pay more than you have know that not all Internet jewelers are
to when buying a car, electronics, created equal and you really need to
jewelry, or whatever. The key is to do become familiar with whom you are dealing
your homework and find a jewelry store with. Lets start with some important
that you know is creditable; sometimes a issues. First, you should know that most
referral from a friend is the best place Internet jewelers don't own their own
to start. Now it's true that most jewelry diamond inventories. What they do is
store prices will start off listing create computerized lists from diamond
higher than many of the on-line wholesalers and suppliers from around the
businesses, but you have to consider all country and place these lists on their
things. Who will size your ring when it websites. Now the problem with this is
needs to be done? How much will it cost that these Internet jewelers have never
when you have it done? How long will you seen the diamonds that they sell so they
be without your ring? There is a huge don't know what they are giving you. If
amount of convenience when buying local you see a diamond listed on their site
because many jewelers do all their work and ask them to describe it to you they
in-house. This means no waiting and have to call the supplier who owns the
sometimes you can actually have your ring diamond and have them describe it to them
sized or altered on the spot. Imagine first so they can describe it to you.
proposing to your girlfriend and then That's fine as long as you are aware of
telling her she has to wait 2-3 weeks the process.
before wearing it because it has to be Now, there are Internet jewelers who do
shipped back to the on-line jeweler for own their inventories and actually hand
sizing! select the diamonds that go on their
Other benefits are the warranties that website. The benefit is that these
come along with the purchase from a local Internet jewelers have the ability to
jeweler. I had a customer come to our weed out problem stones because they get
retail showroom not too long ago with a to see the diamonds before they buy them
ring he bought from Bluenile. He brought for resale. Allow me to give you an
his fiancé in to be fit for the ring and example of a problem diamond, take an SI1
we sized the ring for $75.00. 2 weeks diamond for instance. By definition, an
later she came back and said that she SI1 diamond should not have imperfections
chose to have the ring sized too small that can be seen to the naked eye.
and needed to be sized again. Another However, I've seen GIA certified SI1
$75.00! Now they're up to $150 in diamonds with imperfections that were
additional fees and they've only owned plain as day when viewing the diamond to
ring 2 weeks. Imagine the expenses you'll the naked eye. How does the Internet
accumulate over the lifetime of the ring! jeweler that's selling computerized lists
Another issue is the replacement of of diamonds know what kind of SI1 he/she
missing diamonds; today's engagement ring is selling? They don't! That's why its
styles are very complicated and can be important to choose an Internet jeweler
set with intricate diamond combinations. who owns their inventory and hand picks
These tiny diamond accents are prone to each diamond personally. The benefit is
falling out. When you need to have a that you can call them and ask them to
small diamond accent replaced you could describe the diamond to you to be sure
pay $75.00 to $150.00 in repair costs. Do that it's not a problem diamond. When
you see the repair costs adding up? Most wholesalers have problem diamonds that
local jewelers value your business; in retail jewelers and Internet jewelers
effort to keep you happy they'll take (that own their inventories) won't buy,
care of any costs associated with the they list them on Internet websites
upkeep of your ring. If you think I'm because there's nobody to verify the
being one sided don't worry, I have a lot problem.
of positive things to share with you In the end you suffer because you
about buying on-line also. unknowingly buy the problem diamond.
One of the other benefits of shopping What's the solution? Work with an
locally is the ability to see and examine Internet jeweler that can hold the
the diamonds before buying. A big diamond in their hand and inspect it for
misconception is that all diamonds are you. Or work with a smaller yet
graded exactly the same way and that an trustworthy Internet jeweler who has a
SI2 on-line is the same as an SI2 in a pulse on all the suppliers that they work
store. Truth is that every diamond is with so they can verify the validity of
uniquely different and some diamonds are the diamond grade. The larger Internet
better than others even if the grades are jewelers like Bluenile undoubtedly have a
identical. There are good VS2's and there harder time weeding out the problem
are bad VS2's how do you know which one diamonds because they sell so many
you have? I'm assuming of course that you diamonds from these published virtual
know what a VS2 is, if you don't you can lists. You're diamond purchase is just
visit and I'll be happy to explain it another number to them while the smaller
further to you. You really need to see Internet jewelers can spend more time
the diamond first hand and look at it with you on the phone answering your
under a microscope to be able to compare questions and sorting through their
one to the next. You can have two diamonds. Another benefit to shopping
diamonds graded exactly the same but one online is the lack of pushy salespeople
may be poorer a version of the same to deal with. As with many retail
clarity grade because it was graded by environments you'll occasionally run in
two different people with different to the hard-core salesperson at local
opinions. This of course greatly affects jewelry stores. If you're the type of
the value of the diamond and you're not person who likes to move at his/her own
aware of it unless you see them first pace and doesn't like to be pressured
hand. Shopping locally empowers you by then the Internet jeweler is a great
allowing you to compare one diamond to option. If you find an informative site
next in real life situations. you'll have the time to gather
Now if you say "That's all well and good information about diamonds at your own
but I still want the best deal I can get" pace without the pressure of having to
and the bottom line price is still you're make a quick decision. You'll also cover
biggest concern then simply be honest a lot of ground very quickly because you
with the people you're shopping with. can compare thousands of diamond prices
Truth be known, most jewelers are with the click of a mouse. Shopping
flexible in their pricing. You just have locally can be a long laborious process
to communicate your needs with them while spending hours at each location
properly so they know where you stand. before going on to the next store.
They don't read minds and if you want the If you choose to buy your diamond online
best deal you can get for a diamond then require several things from your Internet
say that to them. You can't get what you jeweler. First is a no-frills return
don't ask for and nobody is going to policy, the standard for an established
volunteer this unless you ask for it. If and creditable Internet jeweler is 30
you tell the local jeweler that you have days. Next is gemological certification,
been shopping on-line and you want them this is important because you want to be
to match the price, they'll probably do assured that the diamond is graded as
it. The best strategy is to bring the fairly as possible. I would only choose
Internet listing from the website that the Internet jewelers that display the
you are shopping with and give it to the BBB-Online Seal. The Better Business
jeweler. Ask them to show you a diamond Bureau is a great consumer advocacy group
of the same size, clarity and color, this and won't allow any website to display
way you are comparing apples to apples. the seal unless their identity has been
In some cases they'll match the price and verified. They'll also remove the seal if
you'll get the best of all worlds the Internet site is abusing the use of
including warranties, service, price and the seal or is using unfair business
convenience. practices. In the end you'll have to
There are no magical formulas or pixie decide what's more important, price or
dust that allows one on-line jeweler or guarantees. Some people would never buy a
retail jeweler the ability to buy a diamond from an Internet jeweler and some
diamond for less than their competitors. hate shopping locally. There are no
Retailers and on-line jewelers pay the secrets or shortcuts but you have to take
same amount for a diamonds and the going the time to understand that there are
rate is the going rate. So your local pros and cons to both options. Nobody can
jeweler has the ability to sell the say what's best for you and your fiancé
diamond at the same price as the Internet but you.
jeweler, you just have to give him reason Good Luck Shopping and feel free to
to. The best advice I can give you is contact me for any information about
"Don't make them jump through hoops"; if diamonds or diamond engagement rings!
they're going to give you a great deal Andy Moquin
don't make them work hard for it. President - Andrews Jewelers Inc.
Otherwise they may lose interest in the






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