How to Buy Diamonds with Bitcoin and Other Cryptocurrencies

When it comes to precious gemstones, diamonds are the undisputed king. Since ancient times, these highly sought-after stones have been synonymous with romance, elegance and luxury. Whether you’re shopping for an engagement ring, a little “bling bling” for yourself or diversifying your portfolio, you can’t go wrong with these sparkling beauties. If you’re wondering how to buy diamonds with crypto, your options are plentiful. Read on to learn just how easy it is.

Buying diamonds with Bitcoin - These are the top jewelers that accept Bitcoin payments

High-end diamond retailers, be they jewelers or loose stone sellers, know their customer base well. Since many crypto users tend to be more affluent than the average consumer, a wide variety of reputable merchants accept direct crypto payments for purchasing diamonds or diamond jewelry.

If you’re ready to start shopping for diamonds with crypto, you’re sure to find what you’re looking for at one of these trusted sellers.

Idoneus

A luxury goods economy unto itself, Swiss-based marketplace Idoneus makes it easy to purchase all kinds of luxury goods with crypto, including diamonds and diamond jewelry.

CRM Jewelers

Miami-based purveyors of luxury watches, jewelry and loose diamonds. Use its advanced search function to dial in exactly the cut, color, clarity and size stone you’re looking for, then pay for your purchase with the crypto of your choice.

Icebox

A renowned destination for natural diamond jewelry and solid gold pieces, Icebox boasts an extensive collection ranging from pendants to rings, all available for purchase with a variety of payment options, including crypto.

DavidSW

Specializing in high-end watches, this Florida-based merchant also sells a large assortment of diamonds and diamond jewelry, from brands including Tiffany, Hermès and more.

Baunat

Baunat’s in-house goldsmiths and designers craft some of the finest jewelry in the world in Antwerp, Belgium, the diamond capital of the world. All of Baunat’s diamonds are natural, conflict free and certified, so you can be sure you’ll always get what you paid for.

Stephen Silver

Based in the Bay Area, family owned and operated Stephen Silver Fine Jewelry specializes in rare gemstones, custom jewelry design and high-end timepieces.

Truefacet

A premier online marketplace offering high-quality jewelry, watches and more from over 70 top luxury brands, including Cartier, Rolex and Chanel.

SuperJeweler

In business since 1999, SuperJeweler offers a vast selection and incredible deals on jewelry and precious gemstones, including diamonds.

How to pay a BitPay invoice

After you’ve made your selection, paying a crypto invoice from your crypto wallet with BitPay takes just a few easy steps.

Step 1: From the merchant’s checkout page, select BitPay as your payment method.

Step 2: Choose “Begin Payment”. Some merchants may ask for your BitPay ID, which allows you to manage payments information with BitPay while simplifying logins across multiple BitPay products. If you don’t have one yet, signing up takes only minutes, requiring just an email address and password. One important note, you will need to provide a one-time verification for any BitPay merchant or prepaid payments exceeding $3,000, initiating refund requests over $1,000, or receiving BitPay payouts.

Step 3: Choose your wallet. BitPay seamlessly integrates with more than 100 of the top crypto wallets.

Step 4: Select your cryptocurrency of choice. BitPay supports more than a dozen of the most popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu Coin (SHIB), Litecoin (LTC), XRP (XRP), Dai (DAI), Binance USD (BUSD), USD Coin (USDC), Wrapped Bitcoin (WBTC), Pax Dollar (USDP) and Gemini Dollar (GUSD).

Step 5: Scan the QR code the merchant provides, or manually input their receiving wallet information with your crypto wallet to finish the transaction. Payments are instantly reflected on the invoice once you validate the payment. Just be sure to send payment during the 15-minute transaction window or the merchant will have to generate a new QR code.

Bonus: Buy diamonds and more with the BitPay Card

The BitPay Card is a safe and convenient way to buy diamonds, jewelry, watches or any other luxury goods, and it works just like any other debit card. The only real difference is that instead of funding it with your bank account, you fund it from your favorite crypto wallet. You can use the BitPay card to purchase diamonds or diamond jewelry from any merchant in the world that accepts Mastercard.

Benefits of paying for diamonds with crypto

Whether you’re buying diamonds as an inflation hedge or just to wear as a fashion statement, there are numerous benefits of paying for diamonds with crypto.

• Rapid transactions: Purchases can be completed in seconds, though speed may vary slightly depending on the crypto you use.

• Secure: Making crypto payments is safe and secure, without many of the risks commonly associated with credit cards.

• No banks necessary: Buy diamonds, jewelry and many other gemstones without the need to involve a bank or money transfer account.

• No tricky exchange rates: No matter where you live, and no matter where the merchant is located, crypto enables cross-border payments without converting to fiat.

• Low fees: Avoid exorbitant wire fees and pay a low and completely transparent fee when purchasing diamonds with crypto.

• Asset diversification: Hedge your bets against inflation or market downturns by adding diamonds to your asset portfolio.
  
  

FAQs about buying diamonds with crypto

You should now have a better understanding of just how easy it is to buy diamonds with crypto, but you might have a few lingering questions. Here are some commonly asked questions about buying diamonds and other precious gems, along with their answers.

Which cryptocurrencies can I use to buy diamonds?

The cryptocurrencies each diamond seller accepts may vary, but with BitPay you can choose from over a dozen of the most popular tokens and coins, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu Coin (SHIB), Litecoin (LTC), XRP (XRP), Dai (DAI), Binance USD (BUSD), USD Coin (USDC), Wrapped Bitcoin (WBTC), Pax Dollar (USDP) and Gemini Dollar (GUSD).

What types of diamonds and stones can I buy with crypto?

Maybe you prefer your gemstones with a little more color. Not a problem. With crypto you can buy other precious gems including rubies, sapphires, emeralds, pearls and many others.