What is a Diamond Exchange?
First, a diamond exchange is a market place for diamonds. It is a way to buy diamonds at a great price, wholesale if you will with a small commission or brokerage fee. Buying at a diamond exchange also allows you to purchase the right diamond for you. You can also buy large amounts of diamonds and loose diamonds, diamonds that are not yet in a setting. Diamond Exchanges are even online now, so that you can buy large quantities of diamonds at wholesale prices over the internet.
When you are looking to buy diamonds over the internet, perhaps the biggest site from the US is Bluenile.com, and they are now in Canada also. This website gives a lot of choice and variety when it comes to buying diamonds, not to mention great prices on diamonds. The average prices that I saw on their website were in US funds.
Almost every major city seems to have a Diamond Exchange. Online I found the New York Diamond Exchange, the Toronto Diamond Exchange, The Chicago Diamond and Jewelry Exchange. And of course there are Diamond Exchange’s in many of the countries around the world.
The Toronto Diamond Exchange
On the Toronto Diamond Exchange, I found that diamond solitaires sell for between three hundred and six hundred, and are 3.5 to 7.0 karats in weight. Their right hand rings price range sits at eleven hundred dollars each. Wedding sets range from eight hundred to slightly over a thousand dollars.
The New York Diamond Exchange
The New York Diamond Exchange or NYDEX is a brokerage and trading organization dealing in diamonds. They operate by selling diamonds to the public at dealer’s prices plus a commission. The NYDEX offers a search submission to find the diamond that is right for you and offers a full seven day return policy for a complete refund.
The Chicago Diamond and Jewelry Exchange
The Chicago Diamond and Jewelry Exchange or CHIDEXX, is a diamond brokerage whose objective is to offer the educated consumer their choice of diamond at cost with low brokerage fees. The CHIDEXX advertises on their website that there brokerage fees start $350. Similarly to the New York Diamond Exchange’s return Policy, Chicago’s offers an unlimited ten day money back guarantee.
When it comes time for you to purchase a diamond, and you have educated yourself about diamonds and know exactly what you want, then look into buying your diamond through a diamond exchange, and save a great deal of money.