Whether you get an early start on your holiday shopping or you find that the holiday season sneaks up on you without warning, you don’t have to miss out on those great holiday bargains. Finding great prices on princess cut diamonds is within your reach no matter when you start your holiday shopping. Before you start, take a look at these three money-saving tips for shopping for princess cut diamonds this holiday season.
Make a budget
Ok, who can stick to a budget during the holidays, right? Overspending can be hard to avoid, but starting out with a budget can actually keep you from extreme overspending. When you have a budget, you’ve got a rough idea of what you want to spend. This rough idea can serve as a baseline reminder of how much you should and shouldn’t be spending.
There will be more than just a handful of diamond retailers offering you great prices on princess cut diamonds. You can bet each one of them will tote their sale as the best deal out there. This may or may not be true. In order to find the best price you’ve got to take your time and shop around.
When comparison shopping, be sure you’re comparing accordingly. For instance, comparing the prices of a 1.6 carat fancy pink diamond with a 1 carat white diamond with a low clarity grade is like comparing apples and oranges. Be sure to compare princess cut diamonds that are similar so you know which deal is the best.
The best way to do this is to understand the 5 C’s of the diamond industry. The 5C’s stand for color, clarity, cut, carat and certification. Diamonds are graded on these criteria.
Clarity refers to the number of flaws a diamond has. The more flaws, the lower clarity grade it gets; the lower the grade the less valuable the diamond. Cut refers to the quality of the cut of the diamond. A high quality cut will allow light to enter the diamond, bounces off the inside, and then bounce back out the top surface again. A poor cut diamond will allow light to escape out of the bottom and sides of the diamond.
Color refers to the degree of color a diamond has; the more saturated the color, the more valuable the diamond. Carat refers to the number of points a diamond is given; the more points, the more valuable it is. Certification means the diamond has been inspected and graded by and independent diamond lab with no vested interest in the sale of the diamond. The most reputable diamond laboratory is the Gemological Institution of America (GIA).
It’s good to have an idea of what you want your princess cut diamonds to look like, but being too stringent could wind up costing you. Be flexible enough to consider bending a little on what your vision of the perfect princess cut diamonds looks like, and you’re sure to find some great holiday deals.