How to ascertain Diamond Pricing
Posted: Dec 21, 2020
It is very important to choose a perfect diamond with size and shape. For every woman, her engagement ring is the most important piece of jewellery as it symbolizes love and commitment. A diamond’s price can be determined by shape, colour, clarity and carat.
It is very true that the majority of people choose a 1 carat diamond for engagement rings. Why? It is because No one can go wrong with a 1ct diamond for any shape or size they choose. It is necessary to know that a diamond’s prices increase ascendingly and not linearly. This means that the price of a 2-carat diamond will not be twice of a 1 carat diamond price. It will be much higher.
The bigger the diamond, the higher the price difference. Depending on the quality, a 6-carat diamond can cost 20 times more than a 1 carat.
"How much is a 1-carat diamond?" The size of a 1-carat diamond is approximately 6.5mm. Well, the size of a 0.5-carat diamond is approximately 5mm. Even though the carat weight is 50% of a 1-carat diamond, it doesn’t look twice the small of a 1-carat diamond.
Are 1-carat diamonds considered big?
Many buyers consider a 1-carat diamond to be a big diamond. But diamonds go far larger than just one carat. Personally, the largest diamond I have sold came in at just over 5 carats! Now that is big!
1 carat Princess cut engagement rings
1-carat Princess cut diamond rings measure approximately 5.5mm across the diamond. Their size contrasts with slim ring shoulders. For this reason, a 1-carat Princess cut makes quite a show.
Primary Factors for deciding Price: Diamonds And The Four C’s
While all diamonds are made of compressed carbon, each individual diamond is unique and different in its own right. Diamonds come in a wide variety of shapes, sizes, colours as well as various internal and external characteristics, which serve as diamond identification. All polished diamonds have some value, but how exactly does one determine which diamond is more valuable than the other?
A diamond’s worth is based on a number of various factors. To dispel arguments about a diamond’s worth – the diamond industry professionals use a set of particular guidelines which help establish the exact quality and desirability of a diamond. These guidelines, or the 4 C’s, were established by the Gemological Institute of America and are the basis of diamond value estimation. They include:
Don’t Be Fooled By Total Carat Weight
When diamonds are sold as jewellery, two factors come into play. The first is the setting. Many diamond ring settings are meant to make the centre stone look much bigger than it is. The second factor is the total carat weight. This refers to the sum carat weight of all diamonds in a ring or jewellery piece. Large individual diamonds have a much higher value than smaller diamonds that add up to the same total carat weight shown as CTW.
It’s Not Just About Size!
Each of the 4 C’s is extremely important. A 1-carat diamond that is internally flawless, perfectly cut, and "D" color could be worth over $20,000. On the other hand, a diamond of the exact same size that has significant inclusions, has a "good" cut, and a "J" color could be worth under $3,000. Sell your diamond here.
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