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Buying Diamonds

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Hi. I was just wondering does anyone know where is a good place to buy diamonds? I don't want to do it on the internet as I would like to see them for myself. I have tried Hatton Gardens but I think it is still too expensive. I am thinking about travelling abroard. I have heard diamonds are cheaper in New York and Dubai. Any thoughts on this? My lovely new fiance wants to buy one for my engagement ring :j
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  • Hintza
    Hintza Posts: 19,420 Forumite
    10,000 Posts Combo Breaker
    When I got married we were very fortunate to have a family jeweller but the advice that I have always takem aboard is buy second hand. If you don't like the ring get the stone/s reset.


    You will need to do your homework but it might be worth looking at auction houses for estate pieces etc. of course a family jeweller who you can trust also helps.
  • angeleyes
    angeleyes Posts: 308 Forumite
    My boyfriend got my engagement ring wjile we were in new york in jan 06 paid £1100 and just got it valued here and its worth £4000 so well worth a trip (as well as the hol)
  • MiaT_2
    MiaT_2 Posts: 13 Forumite
    Wow that is an amazing saving!! I also like the idea of second hand as I was planning to buy a loose diamond anyway and have it made.
  • have you thought about buying from jersey??tax free
  • MiaT_2
    MiaT_2 Posts: 13 Forumite
    hmmm no I hadn't thought of that. Anyone had experience of this?
  • Froggitt
    Froggitt Posts: 5,904 Forumite
    Unless you shove it where the sun dont shine, you'll get taxed on it when you bring it into the country......whether USA or Jersey.
    illegitimi non carborundum
  • If you're wearing the ring, customs officers will never know if you left the country with it and are unlikely to question you about the baubble. My ring was $1,200 in the US and when we priced it in the UK, it would have cost close to £2,500. Well worth a cheap plane ticket to the east coast.

    Otherwise, Costco is a good place for diamonds. Good quality, good prices.
  • icebergx
    icebergx Posts: 688 Forumite
    Great post.
    Who would have thought you'd ever hear the words 'diamond; and 'Costco' in the same sentence :rotfl: :rotfl: :rotfl:
  • stumpjumper
    stumpjumper Posts: 457 Forumite
    Best thing i can say is to get some background knowledge -

    see here for one i wrote earlier: http://forums.moneysavingexpert.com/showthread.html?t=127788

    if your looking at travelling to New York - consider Visiting Good Old Gold - Jonathon is a good bloke, very honest, and a diamond enthusiast.

    Closer to home, Antwerp - Infinity Diamonds again the chap who owns it is another diamond enthusiast.

    Also for consumer independant info on diamonds - see http://www.pricescope.com

    best thing i can say is look at alot of diamond to begin with - so you get an idea for sizes, style, look... try and view a diamond outside of the jewellers shop lighting - as quite often their lights would make a lump of coal sparkle...as well as hide nasties... like clouds and inclusions.

    Important to get a diamond that is Mind Clean - as in that your happy to look at - inclusions arent bad in themselves - its how you react to them.
    2009 wins: Signed Saxon CD, Solar Torch, Drumsticks, Priest Feast Tix, Watch, Hammerfest tix :beer:
  • MiaT_2
    MiaT_2 Posts: 13 Forumite
    Thanks Stumpjumper!! Really useful info. I was just wondering do you have any thoughts on yellow/canary diamonds? Also what is the best cut to show these off? Saw a cushion cut yellow the other day which was just beautiful!!
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