There are online stores where you can purchase diamonds at competitive prices and low discounts; you can also have a better option among a variety of collection on the net. Once you get to know the hang of it, buying diamonds online is a safe, secure, convenient and frequently, tax-free.

Here's how to have a good experience on your diamond purchase.

Tip #1: Be familiar with the tricks of the diamond industry

Find a little time to research about diamond grading by reputable bodies such as GIA (Gemological Institute of America), AGS (American Gemological Society) and others; get to know other things about the stone too. Viewing diamond pictures should not be enough; there is a description that you can read through.

Tip #2: Search for reliable online jewelry sellers

To be safe, check if the online seller has a certification that ensures that they follow ethical business practices, such as the one issued by Better Business Bureau (BBB). Also look for their affiliations to various public or professional trade organizations within their sphere of the industry for example association with the Jewelers Board of Trade (JBT) etc.

Tip #3: Do not close sales deals immediately

Do not immediately settle for a diamond once you find something that matches your preference and price range. You might be able to get a better deal with other diamonds of similar prices.

Tip #4: Have the stone appraised

In obtaining the stone, do not fail to do this. Contact an independent appraiser to do this. Do not accept an appraisal done by an in-house appraiser or someone affiliated to the vendor. Additionally, be careful about appraisers who make buyer recommendations.

Tip #5: Policy on returned items

Carefully check and understand the vendor return policy. If you are confused about it, ask for explanations; or if not, simply walk away. Trustworthy dealers would accept returns in case their grading report does not match with that of the independent appraiser's.

Tip #6: Shipping and transport concerns

Before accepting the product, check for any evidence of tampering and damage. Until you sign for the shipment, it remains insured by the vendor or appraiser. You take responsibility for the diamonds once you have signed the acceptance paper. Report to the courier company any evidence of tampering; do not sign for the delivery.

Tip #7: Concerns about payments

We prevent fraud by misrepresentation when we use credit cards for purchase; that is why online transactions are preferred. However, you need to contact your credit card provider to settle charge back issues.