What Is the Cheapest Country to Buy Diamonds?

Are you in the point of your life where you have started to fix your eyes upon diamonds? Wondering for the reason? It only probably means it’s already about the time.

Naturally, as a woman, you definitely want to collect as many as those loose diamonds Los Angeles as possible, without spending all of what you have. Unfortunately, such is the consequence. Hence, you want to get your hands full of them in the most affordable way possible.

On the other hand, if you are a man, you might be wondering where you could get the prettiest diamond that could get her to say “yes” while being under tight-budget. So you’re here.

Well, the quick answer is in India. However, there are more to this than that.

India: The Haven of Diamond Cutters

There are two main reasons why India is the cheapest country to buy diamonds:

1) importation taxes, and 2) retail mark-ups.

As has been practiced throughout many centuries, the raw diamonds that are being mined and cultivated in different diamond-rich countries, such as: Russia, Australia, Zimbabwe, among others, are sold to other neighboring nations which engage in the diamond trading industry.

Some of the most well-known diamond cutting and trading companies are in the following countries: Thailand (Bangkok), Belgium (Antwerp), Dubai, China, and India (Mumbai and Surat).

First, as a basic rule in product importation, the more goods move from one place to another, the higher monetary value it gets due to the added-value taxes. The same principle applies to these sparkly rocks. Hence, it is clearly more affordable to buy them in the places where they are being initially cut, polished, and traded.

Another main reason why diamonds are cheaper in India is that of its lower retail mark-up price to diamonds compared to other countries. Primarily, this lower pricing is brought forth by the diamond industry in this country surpassing that of Belgium’s Antwerp – the Diamond Capital of Europe.

Is It Really Worth It?

Now that we have gone this far. Is it really advisable to pack up your suitcases and travel to India to purchase your diamonds? Well, the answer is both a yes and a no.

Definitely yes, if you are buying in bulk or at least sure and confident of what you are about to do. Be reminded, there are more to diamonds than their size and price.

If you happen not to be a diamond trading expert, be then equipped with extensive research on the identification not only the authenticity of diamonds but also its quality. Only through this can you make sure that you are not only indeed getting what your money is worth, but also are getting a great deal.

On the other hand, if you intend to travel all the way to India just for the sake of acquiring a piece of something like that of loose diamonds Los Angeles, without any prior knowledge or real interest therein – then no, it is really not worth it.

So, take some time to think.

Timelessness of Diamonds

Indeed, among other gems, diamonds stand out.

Its timelessness transcends generations as it represents love, faithfulness, and purity – tested through time. No wonder it has been the symbol of the long-lasting relationship between partners tying the knot.

With this, diamonds are undoubtedly one of the perfect gifts one can give to his or her special another.

Anyway, who could really resist the shimmers of a fine-cut diamonds?