Getting the right kind of jewelry can be pretty tricky, especially if you’re not familiar with it. But don’t worry; we’ve got you covered with these few insider secrets for negotiating diamond jewelry.

Research. Research. Research.

“Knowledge is power.” That’s what they say, and true enough, this is the first thing you need to do. The best way to buy diamonds is to familiarize yourself with the Four Cs: cut, color, clarity, and carat, which come in pretty handy, especially if you plan on designing a custom engagement ring for your significant other. This is the global standard issued by the GIA, which makes it easier for you to compare your chosen diamond to others.

If that’s a bit too tedious for you, you could always lean on one of the top high-end boutiques for help, such as the diamond jewellery store Southland, Melbourne. They’re one of the veterans when it comes to this business, so when in doubt, seek a professional.

This might be common knowledge but do remember that diamonds fetch a pretty hefty price, so buying jewelry on a budget may be a bit hard, but it’s still doable. So you better work on your budget first, and from there, you can prioritize which of the Four Cs you are willing to settle for.

How to Negotiate Diamond Prices.

Now that we’ve pretty much gotten the technical stuff out of the way, it’s time to employ your soft skills to negotiate diamond prices.

Begin by establishing rapport with your jeweler; be friendly and confident. Show them you know your stuff and have done your research! This is crucial and is actually one of the insider secrets for negotiating diamond jewelry that most people are unaware of.

It also helps to do a background check on the local jewelers as well as their competitors because you can use it to your advantage when you’re haggling at diamond stores. If you’re knowledgeable enough, you may even point out some of the surface irregularities and blemishes on the piece and explain why you think the price wouldn’t cut it.

A word of warning: don’t fall for lowball offers; you have your budget, so work with that. Taking up shady deals shows your insincerity about buying your diamonds; remember why you’re buying them in the first place—it’s not for you but for your significant other, a symbol of your love.

There are instances, though, where the sale just isn’t cutting it, so when that time comes, know when to say “no” and walk away. It will be good for you to scout other areas and shops that offer diamonds in case your first option doesn’t work out. Plus, in doing so, you’ll get a better idea of the market prices and choose the one closest to your budget from there.

Buying Diamonds Takes Effort.

There’s a lot more to buying diamonds than most people know; aside from knowing the Four Cs, you also need to do your research about marker prices, and quality, and, above all, use diamond negotiation tips to improve your likelihood of securing a diamond piece that meets your expectations.