NEED TO KNOW: DIAMOND COST
Diamonds are a woman’s best friend—Your soon-to-be bride will surely be donning a valuable piece in her hand. So, looking for the perfect stone fit for your budget requires much decision-making on your part. Diamonds are in fact here to stay.
And part of your life-changing decision in purchasing the diamond that suits the lady of your dreams is the cost of the stone of a lifetime. You’ll, of course, want not only the best value for your hard-earned money but also the sparkle and fire and beauty that quality diamonds have to offer.
What you need to understand is a diamond’s value, and its price, is affected by a number of factors, namely, symmetry and proportions. By taking into account the basic requirements of making the perfectly cut diamond, you’ll surely get the most out of your money and paint a smile on your lady’s face.
Although there are quite a few things to keep in mind in buying a diamond, some might be more essential components than others, such that your requirements are met.
The key to getting the perfect gift your fiancée deserves is recognising which among the essential components that make up a quality diamond you value most, and of course least, and which among the components you are willing to compromise.
You need not be overwhelmed by the sheer number of diamond component combinations that I have to offer. You need only the basics, and you are good to go! Always keep in mind, and heart, that a diamond is a major investment on both your part and on your fiancée’s part—It will, in fact, be the bell of the ball for years to come.
Although a diamond’s grade determines its quality, and worth, each stone is still unique. For example, one diamond within the same classification might be of better quality as it gets closer to the grade cutoff point, while another diamond might be the victor in a category, but lose in another. Thus, it is better to see the diamond in real life in order to truly know and appreciate its value, since diamond grade is based on a sliding scale.
Another thing to consider when it comes to the cost of a diamond is the movement of the jewellery market and where the diamond came from since both directly affect price fluctuations of a quality diamond. This explains why there are stones with almost the same level of grade that are valued differently. I strongly suggest you view a limited selection of diamonds that fits your preference before making the final cut.
DIAMOND CARAT PRICE AND WEIGHT
A diamond’s weight significantly affects its overall price. Ergo, the weighty the diamond, the higher the value. For example, a diamond that weighs, say, 0.50 carats, would be priced higher compared with two diamonds weighing 0.25 carats each. Behind this idea is the concept that larger diamonds are more difficult to find, or mine, thus are more expensive than the smaller ones.
A large stone easily exudes fire, scintillation and brilliance as it greatly traps and emits light beautifully, commanding a heftier price, and value, compared with diamonds of the same calibre but smaller in size. For you to easily figure out the pricing of diamonds, you can simply compute the price per diamond carat. Basically, divide the stone’s price by its assigned carat weight. Then, compare your chosen stones.
CUT-OFF POINTS: OVERSIZED AND UNDERSIZED DIAMONDS
A diamond’s standard weight is determined in increments of 0.25, 0.50, 0.75, and 1.00, as dictated by the jewellery market. However, in instances that a specific stone relatively falls slightly above or below the predetermined cut-off points, an incredible value could be offered.
Take a 0.97-carat diamond as an example. It is considered underweight, falling shortly from the cutoff of 1.00 carat. But per market standard, a 0.97-carat diamond will significantly weigh the same as a 1.00-carat diamond yet priced lower. The same can be said of an oversized diamond since it is a rare find. For example, if it weighs 1.25, it still will cost the same as that of a 1.00-carat diamond.
These are of course very enticing instances. However, they rarely occur as skilled cutters tend to religiously stick to industry standards when cutting the right weight of each stone, although there are times cutter do poorly cut in order to reach a higher weight.
Since diamond cutters are paid according to the stone’s weight, they tend to cut chunky stone, compromising the overall quality to simply produce a diamond weighing close or slightly above the cutoff. A 0.01 carat can significantly alter the diamonds value, even worth pounds more compared with a diamond with almost the same features.
This decreases a diamond’s cut rating, its sparkle and overall beauty, which attracts most buyers. A stone that is cut with the correct proportions will exude as much elegance and beauty compared with a hefty-sized stone.
If you happen to stumble on a beautifully and expertly cut 0.98- or 0.99-carat diamond, then you’ll know that these stones are engineered solely for beauty. But the great thing about this is that its value is priced on the lower band.
Your budget will dictate the diamond you will get. But can always make the most of your money by paying significant attention to the diamond’s cut and weight. Then, you can make adjustments on the other 4C’s to get your desired stone.