The gemstone industry is incredibly big throughout Southeast Asia. Thailand is one of the major exporters of gemstones all around the world. If you take a walk around the bigger cities like Bangkok, you will realize that there are hundreds of different shops that are selling gemstones and precious metals. However, the potential for fraud is also very high and many people end up losing a significant amount of money if they buy these gemstones from unauthorized distributors. If you are looking to buy gemstones, there are a number of things that you need to know. Here are some simple tips to minimize your risk when buying gemstones.
Always Buy From an Authorized Seller
Almost all of the major cities in Thailand have shops where you can buy jewelry and gemstones. Regardless of what you need, you should make sure that you only buy from a reliable source. There are many authorized sellers and you can do your homework about them online before making a decision. Visit their shop and check out the numerous options available before you make a deal. You should never buy from shady dealers or individuals who are selling precious gemstones online. Keep in mind that if something is too good to be true, know that it almost always is. You wouldn’t want to spend a vast sum of money outright on something that is being sold for a very inexpensive price, especially when you know that the market rate is higher.
Authentication
There are a number of companies that offer reports and services for checking the gemstones. Gem stone authentication in Thailand is a very common service that’s offered by a number of local businesses. It’s important for you to authenticate the gemstones to find out whether they are actually real or not. Keep in mind that there are some very high-quality fakes out there in the market. You will want to be sure about what you are buying, and it’s important that you authenticate the gemstones.
Having an independent authentication report is also important for other reasons. Not only is it going to help you keep your purchase safe and give you the peace of mind that you need when buying something so expensive, but it’s also going to ensure that in case you ever sell the gemstones, you will be able to get a higher price for them on the market.
Even if you just go to any store and give them the gemstones to trade in for cash, you can take the authentication report along with you. It’ll lend more credence to your words and make it easy for you to sell off what you own in a very easy and simplistic manner. Many people invest in gemstones and keep them as an investment, so if you want to make sure that your investment remains liquid, it’s a great idea for you to get them authenticated and keep the report with you.