Dubai may seem like the perfect place to purchase diamond jewelry. People often assume that there are great bargains in the city regarding gold or diamond jewelry. The reality is that there are deals to be had, but they are few and far between.
There are so many international and local jewelry brands in the city, making it a great place to compare options and find something that suits your budget and requirements.
You need to know what your budget is determined by – not only how much money you have available for this purchase but also how big of a stone, style, or quality level fits into that budget?
Things to remember when buying in Dubai:
There are 4 Cs (Color, Clarity, Cut, and Carat Weight) which all affect the overall price and value of any Diamond jewelry. So before contemplating on what type of ring you want, first determine your budget for this purchase based on exactly what kind of diamond you want. Will it be a solitaire, an eternity ring, or something different?
Do your research and determine how much you should expect to pay for that particular quality level and size Diamond based on the current market prices.
You will never be able to negotiate too far away from the standard retail price in Dubai, even if you wanted to.
Buy Online:
One of the best ways to buy diamond jewelry from Dubai is by buying online. This way you can save a lot of time and the cost of traveling. It is possible to get a perfect quality diamond ring for significantly less than the cost of buying in Dubai.
Remember, many stories of people coming into Dubai and getting caught up with the “friendly” salespeople who tell them an inflated price only to leave with nothing as they couldn’t afford it. That is why it’s better to shop online. There will be no salesmen pressuring you. You can take your time and visit different websites. You can also buy from international designers like Fergus James. They will also work with you to create custom jewelry and deliver it to your doorstep.
Do your research:
Look for similar pieces on the websites. Compare the diamond specifics like carat, clarity, cut, and color. The quality control in Dubai is often not very stringent, meaning that diamonds of lower quality than you would expect to get in another market.
If the price seems too good to be true, it probably is. “If a stone is priced well below market value, take this as an indicator that the same diamond if brought from outside Dubai will cost significantly more.”
Location:
The best places to buy Diamond Jewelry in Dubai are at a reputable store or a stand-alone boutique with a good reputation for selling high-quality jewelry items. Look at the reviews online and ask around for recommendations from friends who have bought fine diamond pieces before to find out where they recommend going.
Price:
When buying a diamond ring, there are no fixed prices, so one person’s offer can be different from another. But keep your budget in mind so you know how much you should be spending on the diamond of choice.”
Always ask for a quote or estimate before making final decisions on price, quality, and style.
Remember that the cost is not just what you pay at the counter but also includes import duty tax imposed by the UAE customs & excise department. The VAT (Value Added Tax) is already included in all goods sold in Dubai law. Lastly, there is an additional 10% dealer commission added on to the final asking price too. This commission varies from store to store but be aware that they expect this payment from your end as part of the purchase process.
