Loose diamonds are often sold at discount or wholesale prices. As such loose diamonds may be also referred to discount diamonds or wholesale diamonds. Loose diamonds are usually certified by the EGL or GIA, which are independent recognized gemological and diamond grading institutes.

Loose diamonds are perfect if you want to create your diamond ring or other jewelry. Before buying loose diamonds or wholesale diamonds, you should learn how to read a diamond grading report.

The Rappaport Diamond Report is considered the primary source of diamond price information and is used as the basis for establishing prices. The closer to the diamond source - diamond manufacturer, diamond wholesaler, diamond retailer, jewelry wholesaler, jewelry store, final customer - the better your price. Most diamonds are sold to the trade industry well below the Rapaport List wholesale price.

Beware however that some wholesale diamonds or discount diamonds may in fact be imitation diamonds or treated diamonds. It is important that you learn how read a diamond grading report and that you require that all pertinent information for the diamond is listed on the bill of sale. In addition, make sure and get the diamond appraised by an independent reputable diamond appraiser.

The bottom line is that if the price seems to good to be true, it probably is.