High quality man made diamonds are a bargain at less than $100 per carat, and they do not increase in price steps as carat weight increases. For example, a one-carat diamond alternative costs about $100. A one-carat mined diamond that sells for $3100 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: Many jewelers will say, “This is a blue-white diamond.” In fact, this is one of the oldest tricks in the book. He will likely say that it is a higher quality diamond when in reality, it is of lower quality. The term “blue-white” is in reference to the fluorescence that is found in daylight and it has wavelengths which are ultraviolet. When you have this blue fluorescence, it in fact causes the “colorless” stone to appear more “greasy” or cloudy in natural daylight and therefore lessens its financial worth.
THE LIGHT MAKES WHITE SCAM: Bright lights make every mined diamond look better. Of course, every jeweler wants to show his or her diamonds in the best light, but there are some lighting tricks you should avoid. Stores will find specific light bulbs to go with certain lower quality diamonds. Some bulbs have a strong blue component, which makes yellow stones look whiter. Special bulbs are often used with strong ultraviolet wavelengths, which make most diamonds fluorescent “blue”. This, in fact, has a whitening effect for stones in the lower color ranges.
THE GRADE BUMPING SCAM: Unfortunately, many jewelry stores overstate the grades of their diamonds. According to the FTC, a jewelry store is required to be accurate within one color grade and one clarity grade on their diamonds. To skirt these rules, jewelers raise the color and clarity up a notch. Regrettably, this usually means a lot of cash if you are looking at a 1 carat diamond. For example, you go into a store and find a diamond that is said to be a 1.00 carat F color/VS1 clarity for $6,750. Nevertheless, if you were to send it to get certified by a lab like the Gemological Institute of America, it will be returned as only a G color/VS2 clarity diamond, worth a mere $5,250. Your loss of $1500 is the jewelry store’s gain.
THE FRACTION SCAM: The tag says 3/4 carat, and the FTC allows jewelers to round off diamond weights. So a diamond labeled as 3/4 carat in weight actually weighs anywhere between .69 and .81 carat. This means a significant amount of money, since diamond prices leap at certain popular sizes. In this example, you might be buying a .69 carat round G/VS2 worth about $2,600… but paying for what you thought was a 0.75 carat worth $3,500. You lose $900.
THE LASER DRILLING SCAM: Jewelry stores can obtain cheaper and flawed diamonds and in order to fix this, they will drill tiny holes to take out the dark impurities. A third of all diamonds are treated in this manner. Jewelry stores and jewelers employ lasers to drill little chambers in order to get in there and burn out the trouble spots and make the diamond look better. Unfortunately this creates a problem: the diamond will them become less hard and prone to cracking if hit. Yet despite this, diamonds which are laser-drilled should be sold for much less but often are not.
THE HIDING THE FLAWS SCAM: All jewelers cover up defects in diamonds under or around the prongs if they are able. Oftentimes, a cheap diamond will look fairly nice and more pricey if one were to just view it in the setting. Yet the concern is that with these defects being hidden right by the prongs, it makes the diamond weaker at each of the points.
THE FRACTURE FILLING SCAM: Advanced techniques that enable defects to appear hidden. A state of the art development has been created which liquefies lead mixed with crystal into the top layer of the diamond where there are cracks within the fissures. This tactic will go overlooked by unknowing customers. Diamonds which are fracture-filled theoretically would sell for much less but in fact they are sold for the same or higher prices than unfilled diamonds since they can do it to larger diamonds to unknowing customers.
THE CHEMICAL COLOR COATINGS SCAM: A little paint goes a long way. This very deceptive practice involves a little point of blue or purple paint on the lowest tip of the diamond, called the culet. This is small enough that you might not detect it, but the location spreads the color throughout the stone. This counters the yellow tint in lower color grades, making a diamond look like a more expensive, colorless grade.
Under precise laboratory circumstances, diamond simulants or diamond alternatives are created. Because they are made this way, they are absolutely perfect when viewed with a microscope. Only by looking at diamond simulants this way are jewelers able to really tell the difference–and this is because real diamonds have so many flaws and inclusions. With synthetics and simulants being so flawlessly beautiful and impossible to determine whether they are real or not by simply looking at them, they are an obvious alternative. Those who think they love diamonds therefore must consider alternatives in high regard and as a beautiful option. Even better, you will never have to worry about expensive insurance and can invest the money saved elsewhere!
Author Julia McKinnen has been lecturing on the diamond deceptions in the United States for the past decade. Her fascinating insights into the diamond industry and diamond simulants are available on her blog and new web site.
categories: diamond alternatives,diamond simulant,synthetic diamonds,man made diamonds,lab diamonds,cubic zirconia,swarovski,engagement ring,wedding ring,engagement ring,anniversary ring,diamonds
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