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You might see some gemstones for sale through online vendors or elsewhere that may seem too cheap to be true. Given how expensive some gemstones are on the traditional market, there’s got to be a catch when you find such a good deal on gemstones, right?
Gemstones can be found cheaply online because the sellers can easily misrepresent the actual value of stones with both their appearance or their certifications. Online markets are full of cheap gemstones of questionable value since glass gems can be created that are almost identical to real gemstones in a photograph.
Gemstones can be found for reasonable prices online, but collectors have to be careful not to get swindled in the process. Read on to find out more about why gemstones are found so cheaply online and where you can get real gemstones of value for a good deal.
If you are interested in checking out beautiful gemstones for buy you can find them by clicking here (Amazon link).
Be Careful Buying Cheap Online Gemstones
Gemstones can be found very cheaply online, and this can tempt new collectors into a risky purchase. If you see a buy that seems too good to be true, it is more than likely a scam. Because of the questionable value of some of the gems for sale, getting real gemstones online is always a gamble.
Many gemstone collectors, especially if they are collecting gemstones as a financial investment, may be drawn to the cheaper gemstones that can be found online or in bulk.
Investing in cheap gems may seem as good of an idea as buying stock when it is selling low, but gemstones are a much different financial commodity than stocks.
If you’re just interested in buying gems for jewelry making that won’t break the bank, cheap gemstones abound online. But if you want real, valuable gems for investment, it’s best to keep up your guard.
Reasons Gemstones Are Cheap Online
There are several reasons that gemstones may appear cheap online, and these reasons can trick buyers into purchasing a gem that is much different than the one they intended to buy.
Here are some of the ways that gems are misrepresented in cheap online sales:
Misrepresentation of color
Photography is a master illusionist’s trick, and a photograph of a gemstone can be altered to make the gemstone look brighter, more colorful, or more sparkling than it looks in real life.
Many sellers will try to get around this by putting in some kind of disclaimer to the effect of, “Gemstone you receive may appear slightly different than the gemstone in the photograph.” Do not buy a gemstone based on a generic sales photograph.
Misrepresentation of size
While many online sites force sellers to put the physical dimensions of the stone for sale on the sales description, this information is often hidden amongst a lot of other diverting text, or the stone is not shown to scale against another object.
This can lead buyers to end up with a stone that is much smaller than what they anticipated they had bought, especially if they have a hard time visualizing metric measurements.
Misrepresentation of real value
Some online auctions for gems may have fake gem certifications or may falsely claim that a group of gems are “investment grade.” The truth is that there is no standardized investment grade.
This is just a trading term for getting buyers to purchase cheap gems for investment purposes, and there’s no way to accurately determine whether a gem claimed as investment grade is genuinely a good investment or not.
You would think with as long as online marketplaces have been around that gemstone buyers and sellers would have figured out how to avoid the bad vendors online when it comes to cheap gemstones. However, gemstone-specific scams are rampant in the market.
But very few people have any real knowledge about how to correctly ID a gemstone or determine its real value, so many people who purchase fraudulent gems online may be perfectly happy with their purchase and give the vendor a high rating, not knowing that the vendor ripped them off.
What Are Investment Grade Gemstones and Can You Find Them Cheap?
One piece of trader’s description from online vendors that might trick buyers into accidentally purchasing cheap gemstones of little value is the term “investment grade.”
While this might try to persuade buyers that the gemstones they are buying cheap are still worth spending money on, the reality is that “investment grade” is a commercial term that means very little in the open market.
The Federal Trade Commission (FTC) frowns on the use of the term investment grade to describe gemstones, and there is no valid certification that guarantees a gem that you purchase sold as “investment grade” will hold any kind of investment value.
Here is what you’re often purchasing when you buy most gems cheaply at online vendors:
- Gems that are faulted or flawed in some way
- Rough or loose gems of poor to mediocre quality
- Synthetic gems
- Gems that have been misidentified
Many of the gems sold online as loose gems are far too small and too low in quality to be considered a good investment.
While these gems might perform beautifully in a piece of homemade jewelry, investors should stick to larger, more rare stones for investment purposes.
Quality gemstones can be purchased online, but finding them means a lot more skepticism and careful comparison shopping than clicking on the first pretty gemstone photograph that you see and like.
You may end up with gems you enjoy that way, especially if you’re only interested in them for crafting or casual collecting, but they may have very little real value past what you paid for them.
TIP: Geodes are one of the most common gemstones that can be found in the US. But do they have any value? Find out if geodes are valuable rocks in the article below (and you will find you maybe own some fortune at home already):
Should You Invest in Colored Gemstones?
Colored gemstones, especially colored diamonds, can be a good investment if you want to invest in gemstones. Unlike stocks or other financial commodities, gemstones tend to hold their value and can be sold off quickly in most circumstances if they need to be liquidated.
Humanity has sought precious gems for thousands of years, and in almost all cases, the demand for them far exceeds the supply.
If you want to buy gemstones for investment, it’s not a good idea to buy them cheaply online. It’s too difficult to grade the quality of these gems before purchase, and it’s too difficult to return them in most cases (or impossible, depending on the seller’s policies) should you be disappointed with your purchase or find out that the gem is fraudulent.
Most of the gems you find online for cheap are not what would be considered investment-grade gemstones, and many may not be gems at all, but rather pieces of colored glass.
Since the average person cannot tell the difference between a sapphire and a piece of dark blue glass that has been beautifully faceted, this allows unscrupulous merchants to get away with a lot of false advertising.
However, if you’re just a rockhound looking to expand your collection, you can get an excellent deal on semiprecious stones to round out your rocks online, provided you’re willing to look around a bit and make sure that the vendor you’re dealing with has a good reputation.
Buying Cheap Gemstones Is A Risky Decision
Unless you’re a professional jeweler with a loupe and a trained eye, it’s always a risk to purchase high-value gemstones on the cheap open market online.
However, many semiprecious gemstones can be found online that are of fair to high quality, and these are a much safer purchase for collecting.
If you want to buy valuable, rare gems, stick to physical markets. But if you want to get a good deal on a semiprecious stone, there are plenty to be found.
TIP: So you already know why are some gemstones so cheap. But do you know how to recognize valuable rocks and minerals? I wrote a complete guide on this topic so feel free to read it here: