About Money Back Guarantee Diamonds

Due to class action lawsuits that have been brought against DeBeers, one of the world’s leading sellers of diamonds, most wholesalers are offering money back guarantee diamonds to their customers. This allows you to purchase a diamond and if you are not completely satisfied with it during the time frame specified by the seller you can return it and receive a full refund. Some diamond sellers have a 15-day policy for this money back guarantee, while others have a 30-day return policy.

In order to avail of the jeweler's money back guarantee diamonds policy, the diamond has to be in the same condition when you return it as it was when you made the purchase. This refers to loose diamonds, diamond rings, pendants and bracelets. The security tag has to be in place and the certificate of authenticity you received with the purchase also has to be returned.

A seller must own the diamonds in order to offer you the option of buying money back guarantee diamonds. Usually this process has nothing to do with the value of the diamond or the rating it receives from appraisal facilities, such as IGI appraisals, GIA diamond rings, or EGL loose diamonds. Quite often it is because the diamond is not the right size or the ring does not suit the hand of the person who will be wearing it. Sometimes, people take advantage of the money back guarantee when they realize that they have spent too much money on the diamond or the piece of jewelry and have to return it to straighten out their finances.

Along with offering money back guarantee diamonds, retailers often offer a lifetime upgrade with the purchase. This means that no matter how long you have had the diamond, you can return it to the store and purchase a diamond of greater value using your original piece of jewelry as a trade in. You will receive the original amount of money that you paid for the diamond as long as you make another purchase for one that is more expensive. It doesn’t have to be double the price, just more expensive so the retailer will still be able to sell you a piece of jewelry and make a profit.

Another aspect of buying money back guarantee diamonds is that if (during the first 90 days after you make the purchase) you find the same diamond or piece of jewelry at a lower price at another retail location; you will then receive the difference between the two prices. This enables you to make sure that you are getting best value diamonds at the lowest price. The diamond you find in another location must have certification for  EGL loose diamonds or be certified as GIA diamond rings.

It is important to take your time when buying diamonds because of the many different types of free offerings you can obtain from retailers, in addition to money back guarantee diamonds. In most cases, when you purchase EGL loose diamonds from a jeweler, the mounting of the diamond in a setting of your choice is free and you receive a free appraisal of the stone.  Many offer free maintenance, which includes cleaning and polishing on a regular basis to keep the diamond looking new.

It pays to shop around for money back guarantee diamonds because all sellers do not offer the same types of guarantees. When you are completely satisfied that this is the best deal and that you are getting the best value diamonds, you will still know that you have the option of returning the diamonds for a full refund if necessary or of upgrading to a more expensive stone without incurring an exorbitant cost.