The world is pacing at such a rate along with the increase in the rate of inflation, as a result of which the demand for gemstones is increasing day by day. The gemstone industry has thousands of authentic as well as fraudulent gemstone wholesale suppliers across the globe.
As it is widely said that every original masterpiece has its cheap copy, this whole market of gemstones is flooded with thousands of duplicate gemstones and sellers. It is extremely important to be able to identify both the fake gems and their dealers.
These fake dealers tend to target innocent tourists and buyers who are not aware of the working of this gemstone industry and thereby tend to get duped easily.
How to Identify Fake Gemstone Sellers?
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Check for its authenticity
If the dealer you are purchasing from is not transparent about the gem’s origin or the description of the product or does not have much knowledge about the industry trends, they might be fraudsters selling fake gems.
Any authentic dealer will have knowledge about the stone as well as will educate you regarding the benefits and authenticity of that gem.
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Check for dealers who actually cut stones
Always prefer buying from dealers who have in-house stone-cutting facilities. As a result of which there will be fewer chances for them to get involved in these frauds because of the high transparency with the customers.
Also, you should check whether the techniques used are the best, as per international standards or not.
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Check for lab reports
Certain gemstone dealers tend to give you the absurdity of its purity without a lab report. Every stone goes through processes even if it is just polishing and cutting and all of these steps are mentioned in the stone’s report, thus getting a verified report and consulting a gemologist will help.
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Price
If the gemstone beads wholesale supplier is sharing prices that are too good to be trusted there is a high chance that those might not be real stones. Real stones like rubies and sapphires will have varying costs as per weight and color but will always be on the higher ends.
The supplier might try to deceive you by applying discounts and all, which you should avoid.
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Reviews and ratings
Always check on google the reviews and ratings about the dealer you are planning to get your gemstone. Although reviews might be misleading, at least will help you have a clear view regarding the authenticity of the dealer.
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Enquire about the gemstone
One of the major things to ensure that the dealer is 100% genuine is by raising relevant and essential queries about the source and origin of the gemstone.
Different treatments and enhancements that it has undergone and also ask for the independent lab reports which will help you to understand whether the stone has undergone heat treatment after cutting or not.
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Conduct your own research
Buying a gemstone is definitely a matter of huge money involvement, thus the only way to avoid being cheated is to have research on the semitone sellers and market around.
Once you will get knowledge about all the fraud it will be very difficult for unethical gemstone dealers to fool you, whether relating to price or authenticity.
Common Frauds in the Gemstone Market
Some fake gemstone dealers tend to sell fake gemstones with enhancements and treatments which they usually do not disclose to the buyers. These sellers have several other tactics to cheat customers like
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Sale of Duty-Free Gemstones
One of the most common tactics whereby these dealers lure customers, such as tourists into buying their products by offering huge discounts and offering duty-free gemstones which misguide these customers as far as the resale value of these gems is concerned.
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Bargain Rate Fixing
Some unethical dealers fix an unbelievable bargain rate by overpricing the product they are selling, which in reality is unbelievable of inferior quality having very less or almost nil value.
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Ponzi Scheme
Some dishonest sellers usually tend to trick their innocent customers by selling fake gemstones of substandard quality and cut by claiming those to be limited edition and with the reliability of those having a great investment option which ultimately dupes them into buying fake gems.
With this fast-growing economy, one thing which has become most difficult is trusting people. Especially when it comes to trusting someone which involves huge money, keeping in mind these above-mentioned steps or tips to identify whom to trust. Apart from these tips, the buyer should also check on the authenticity of the product by checking the authenticity of gemstones, the several steps which are available all over the internet showing whether the gemstones are real or not are available. Besides this one should do research before jumping into this market of gemstones which is already famous for being filled with fraudsters.
