How Diamond Cost is
Determined
If you are in the market to purchase a diamond, you'll be
learning all about the 4 C's of diamonds; cut, color, clarity and carat. But in the mind of the average buyer, there
is a fifth “c” that just may be the most important of all them: the diamond
cost.
The actual price of a diamond is determined by a grading
system that takes into account the cut of the diamond, the color, the clarity
and the number of carats. There is a non
profit organization called the Gemological Institute of America (GIA) that has
devised the official grading system of diamonds, and because of that system, a
diamond that is of more carats may cost less than a smaller diamond if the
larger diamond has inferior cut, clarity or color ratings. Cost is also determined by the retailer.
Buying Diamonds Online
The internet provides a wealth of information on diamonds,
educating buyers on the value of diamonds based on size, shape and clarity- and
luckily, diamond cost is regulated by industry guidelines. This means you can shop for your diamond gem
stones online with as much confidence as you would shopping for jewelry at your
local retailer, especially if you take the time to become knowledgeable about
diamond cost before beginning your search for the perfect stone.
Guide to Diamond Cost
Every jeweler sets their own prices on their gem stones,
rings, necklaces and other items. When
dealing with diamond cost, it also depends on the shape of the diamond. A ”round brilliant” shape will tend to cost
more than an ”emerald” shape even when they are the same quality and the same
size.
If you have a minimal budget, such as $500 or less, you can
expect to find a diamond with a carat weight between .15 and .25, set in a
10-14k gold. If you're in the market for
a diamond cost of $500 to $750, you can expect to be able to purchase one
between .20 and .37 carats. If you are
looking for a 1 carat diamond, you should expect your diamond cost to range
between $2000 and $3500.
Get the Most Diamond for
Your Money
When you are researching diamond cost, there are many more
factors to consider than just the size of the diamond. Remember that the shape (cut) of the diamond
will greatly effect the diamond cost, as well as the clarity of the
diamond. You can get multiple, smaller
diamonds for less cost than you can a single, larger diamond due to the rarity
of mining a larger sized diamond.
Sometimes a diamond will be beautiful to the naked eye, and have a
reasonable diamond cost- but it may have a lower rating for quality or tone
given by the GIA. When you are shopping for your diamond, you'll need to decide
what is more important to you; the
diamond cost, the size of the diamond, the quality (the rating as given by the
GIA), or how it looks when it's worn!
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