The ever-increasing prices of precious stones have become a challenge for many, and the hope for affordable diamonds accessible to all remains. However, there are potential solutions to address this issue. One such solution can be found within the realm of our discussion today: “Best country to buy diamonds: Where to buy cheap diamonds in the world?”
If we were to highlight specific countries, Belgium and the city of Dubai currently stand out as offering the best diamond deals, particularly at affordable prices. However, there are other noteworthy locations worth mentioning.
What sets Dubai and Belgium apart as the top destinations for purchasing diamonds at affordable prices? Where specifically in Belgium should you go to buy diamonds? Additionally, which other countries and cities are renowned for offering excellent diamond prices?
If you’re interested in delving deeper into this topic, we strongly recommend staying until the end. By doing so, you will discover more about the best places to buy affordable diamonds worldwide!
DESIGN YOUR OWN ENGAGEMENT RING: START WITH A SETTING OR START WITH A DIAMOND. IT’S REALLY UP TO YOU!
Is It Possible To Save Some Money While Purchasing Diamonds?
Saving money is a common desire for people, regardless of their financial situation. When it comes to everyday purchases or essential items, individuals tend to seek out lower price tags. However, the mindset changes when it comes to diamonds, especially when purchasing for special occasions like engagement rings. Price becomes less significant as people prioritize finding the perfect diamond. This phenomenon surprises insiders in the diamond industry, as they are aware of special deals on precious stones.
Unfortunately, the general public is often unaware of these opportunities and assumes that diamonds have fixed prices. However, there are exceptions to this rule. Depending on one’s knowledge and location, it is possible to search for and find excellent deals on diamonds.
But how is this possible? Aren’t all diamonds priced the same regardless of where they are purchased? The key lies in knowing where and when to look.
Here are a few important points to consider:
- Most diamonds are available for purchase in jewelry shops, which are abundant in many areas. The growing demand for diamonds has led to an increase in the number of jewelry shops.
- However, if the demand for diamonds continues at its current rate, there is a possibility of a diamond shortage. To learn more about this potential shortage, you can explore the topic here: “Will Diamonds Ever Run Out?”. This guide provides comprehensive information on the subject.
Turning back to the topic at hand, jewelry shops offer diamonds of the highest quality in various sizes and shapes. However, the challenge lies in the pricing. Diamonds are currently at their most expensive, with prices reaching up to $2,000 per carat.
So, the goal is to find ways to pay less than $2,000 per carat. Some individuals attempt to bypass traditional jewelry shops and purchase diamonds from alternative sources. However, this option is not recommended as buying diamonds “on the streets” can be risky. While genuine diamonds can be found occasionally, the majority of such diamonds are either stolen, associated with conflict (“blood diamonds”), or lack proper certification to verify their origin. Other options like cubic zirconia or artificial diamonds are often used as deceptive substitutes.
To ensure the purchase of genuine and legally sourced diamonds, it is highly advisable to stick to reputable jewelry shops that can guarantee the authenticity of their diamond offerings.
Now, let’s explore a few locations where you can potentially save money on diamonds while ensuring the purchase of genuine pieces:
- Belgium:
Belgium, specifically the city of Antwerp, serves as one of the most important diamond centers in Europe. With over 1,500 diamond companies and four diamond bourses, Belgium boasts a significant presence in the diamond industry. The government strictly regulates the diamond trade, ensuring the legitimacy of diamonds in the market. Belgium’s geopolitical location, bordering influential countries like France, Luxembourg, Germany, and the Netherlands, along with access to the North Sea, facilitates the import and export of diamonds. Belgium offers a wide range of diamond cuts, shapes, and colors, including rare and precious diamonds with specific names and documented histories. Visiting premium jewelry shops in Belgium is recommended for those looking to buy diamonds at a more affordable price.
- Dubai:
Dubai, in the United Arab Emirates, is a destination that offers a mix of relaxation, luxury shopping, and potentially affordable diamonds. While Dubai is known for its luxury and extravagant offerings, there is another side to the city that provides more affordable options. The city serves as a prominent diamond-trading hub, receiving a significant portion of diamonds from India, where around 90% of global diamonds are discovered. The strategic partnership between India and Dubai ensures efficient and cost-effective transfer of diamonds. By minimizing shipping costs and retailer markups, diamonds in Dubai can cost up to 50% less compared to other locations. Additionally, Dubai has strict regulations governing the diamond trade, providing assurance
of legality.
- Other Countries:
France, Switzerland, New York, and Las Vegas are other locations where you can expect to find diamonds with relatively affordable price tags. These places offer tempting deals compared to many other parts of the world.
When purchasing diamonds, it’s important to consider reputable sources, legal certification, and authenticity. By exploring these locations and making informed decisions, you may find excellent deals on diamonds while ensuring the purchase of genuine and high-quality pieces.
Best Country To Buy Diamonds – Conclusion
As we conclude our discussion on the best countries to buy diamonds and where to find them at affordable prices, it’s important to recap the key points:
Contrary to common beliefs, there are indeed several locations worldwide where diamonds can be purchased at more reasonable prices. The standout options are Antwerp, Belgium, and Dubai, United Arab Emirates.
Both Belgium and the UAE have stringent laws governing diamond trafficking, ensuring that every diamond comes with a certification containing essential information about its origin. This guarantees transparency and authenticity.
One significant advantage of buying diamonds in these countries, particularly in Dubai, is the absence of additional shipping or retailer markup fees. This means customers can enjoy lower prices without any hidden costs.
With these considerations in mind, we can now conclude our discussion. Remember, when you’re looking to purchase diamonds, consider visiting one of these two countries for a rewarding and cost-effective experience.
