If this is your first time buying a diamond, first of all, congratulations! We know diamonds are extremely expensive to acquire and you probably are about to spend your life savings on buying a gift for your love. Trust us, every penny you spend on a diamond is well worth it. Diamonds are so desirable around the world that only a lucky few are able to buy them and get them fitted on wedding bands or engagement rings to make their partner feel special.
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But before you buy your first diamond, you need to know certain things. First off all you need to make sure that you are buying the correct diamond. They come in various shapes and sizes that may or may not suit your partner. Once you have selected a diamond of your choice, the next bit is to find a financing option if the diamond exceeds your budget. Financing options let you buy diamonds without the worry of paying large amount immediately. Once these are out of the way, you need to learn about sales tax.
Read more here: http://www.diamondcuts.com/james-allen-sales-tax/
As surprising as it may sound, all diamonds are subject to sales tax. If you are buying your diamond from a brick and mortar store, you are likely going to pay sales tax which is usually in the hundreds or thousands for diamonds. But what if you want to skip paying sales tax? Is that possible? Yes!
Thanks to sales tax laws, retailers or resellers who exclusively sell their goods on the internet are not required to pay sales tax, provided they also do not have a physical location in the state they are shipping their order to. One of the best online retailers of diamonds are James Allen and when it comes to James Allen Sales Tax, you can enjoy their advantage.
You see James Allen exclusively sells diamonds on the internet and they do not have physical locations in most states. For you this means that if you buy a diamond from James Allen and ship it to a state other than New York, Connecticut, or Maryland, you can completely avoid paying sales tax and only pay the amount of diamond and the jewelry you are buying.
But if you are getting your order shipped to Maryland, New York, or Connecticut, you will be required to pay the sales tax because James Allen has physical offices in these states.