PriceScope: Diamond Prices and Education - Frequently Asked Questions

FAQ: Frequently Asked Questions

ť What is PriceScope?

PriceScope is a tool you can use to find the best diamond prices before you go out shopping. Our database consists of publicly available diamond pricing information as well as advertised specials. We then present this information to you in a searchable form.

PriceScope is a privately held corporation. We are not owned by or related to any dealer or retailer.

ť How am I supposed to use PriceScope?

When buying diamonds, you want to get the best possible value. People scan newspaper ads, shop around or even hire diamond brokers. A better way is to use PriceScope - the ultimate resource for making informed decisions before buying a diamond. It is simple to use - just specify your criteria, print a price table and then go straight to the dealer or jeweler who offers the best deal. If he or she is too far from you, you can use your search results with your local jeweler as a price negotiation tool.

ť How do vendors get listed on PriceScope?

PriceScope screens vendors based on the following criteria:
1. The vendor's prices must be competitive with what's currently in our database.
2. The vendor must honor the prices listed on PriceScope.

ť Does a vendor need to have a web site to be listed @ PriceScope?

Not at all! At PriceScope we track down good deals regardless of whether or not the vendor has a web site.

ť Does PriceScope sell any products?

No. PriceScope isn't an e-commerce site. We are an information provider. We help you find the diamond dealer with the best value on the diamond you want. The specified vendor sells you the stone, not PriceScope. You can find contact information for any vendor listed on PriceScope by clicking on the vendor's name.

ť How often is the information in the PriceScope database updated?

PriceScope is updated twice a week.

ť Why do I see the same diamonds listed at different vendors' websites?

Many internet diamond vendors are actually brokers i.e., they don't maintain their own in-house stock of diamonds. Most of the stones offered to the public over the internet are listed in the trade (business to business) networks. By offering diamonds via these trade networks, diamond dealers can offer lower prices as their cost of doing business is lower.

ť Why are some of the diamonds listed on PriceScope unavailable?

There are over 200,000 stones listed in the trading networks. Since most brokers do not own the listed stones, the diamonds listed may have been sold since the last time the database was updated or they may be out on memo for inspection. Even when a diamond has been sold, it can be returned after the inspection period and become available once again. The cutters or wholesalers may not update their listings daily.

Even if the diamond you wanted to see is unavailable, you can still use the price you saw at PriceScope as a guide. Reputable vendors should honor this general price for other diamonds that are very close in cut, color, clarity and carat weight

ť How can PriceScope offer this service for FREE?

Through the sale of advertising. If you are interested in exploring advertising opportunities on PriceScope, please visit our Sellers Facet page or drop us a line.

ť What should I do when a vendor will not honor a price listed on PriceScope?

Please let us know. If a vendor consistently refuses to honor their published prices they will be removed from the PriceScope database.