It is becoming more common today to purchase a loose or unset diamond and then create a setting around the gem. There are several reasons for this. When you are buying a diamond ring, you are really paying for the stone, rather than the setting. This also enables you to create a setting that is unique. When buying a loose diamond, make sure that the business you are purchasing it from has good credentials, such as membership into professional jewelry associations, Also ask about the company’s refund and return policies.
Before you purchase any loose diamond, you need to be shown the grading report from a recognized independent laboratory such as the Gemological Institute of America (GIA), the American Gem Society (AGS) or the European Gemological Laboratory (EGL). You will want an independent, certified gemologist to evaluate your diamond and give you a report about the stone’s color, cut, clarity and carat. It is best to not use an appraiser recommended to you by the person you bought the gem from. For any loose diamond you already own that is larger than half a carat, it is best to examine the stone unset to get the best possible view of any inclusions or cracks.Once you have certified that the diamond you are purchasing is of the quality and value you wanted, it is relatively easy to find a jewelry designer to set the stone. Once you have purchased a quality loose diamonds you have many options in terms of unique setting that reflects your personal tastes and style.