The Price of Diamonds

What Influences The Price of Diamonds?

Diamonds are cut in a range of shapes, sizes and qualities all of which influence the price. Diamonds that have an excellent or very good cut grade will reflect maximum fire, brilliance and sparkle and the price of these diamonds will be higher than diamonds with a good cut grade.

The Shape of Diamonds

Round Brilliant Cut Diamonds are the most popular diamonds for diamond engagement rings followed by Princess Cut Diamonds. Any diamond that is not Round in shape is known as a Fancy Shape Diamond. Asscher, Cushion, Emerald, Heart, Marquise, Oval, Pear, Princess, Radiant and Trilliant cut diamonds are all fancy shape diamonds.

Round Brilliant Cut Diamonds are the most expensive mainly because when cutting a Round Brilliant Cut diamond there is a greater loss in rough which has to be factored into the price. Another reason why Round Brilliant Cut diamonds are priced higher is because they take longer to polish and cut than other diamond shapes and the demand for Round Brilliant Cut diamonds is greater than all the other diamond shapes.

Clarity Influences Diamond Prices The Most

The clarity grade of a diamond influences the price obtained more than any of the other factors. Diamonds that have high clarity grades of VVS1 or VVS2 have extremely hard to find inclusions even with a jewellers 10x loupe. These diamonds are almost pure and rarer to find than diamonds with lower clarity grades such as SI1 or SI2 and therefore command a much higher price. The rarest of diamonds have an Internally Flawless Diamonds -IF or Loupe Clean clarity grade and these diamonds fetch premium prices.

Colour Influences Diamond Prices

Colour is another important factor that influences the price of a diamond. Diamonds are graded for their colour alphabetically starting at D colour going down to Z colour. Diamonds that are colourless or show the least amount of colour obtain the highest prices along with fancy coloured diamonds such as pink, red, green and blue diamonds. Diamonds that display the least amount of colour are known as exceptional white. Exceptional white diamonds includes D and E colour graded diamonds. Rare white is the next colour grade and this includes F and G colour diamonds. H colour diamonds are graded as white and I and J colour diamonds are known as slightly tinted white diamonds.

Cut Influences Sparkle, Shine & The Price of Diamonds

Did you know that if the diamond is poorly cut, the colour and clarity can not make up for it? The cut of a diamond is what makes a rough diamond sparkle and shine. If a diamond is poorly cut, the light that enters the diamond from above will leak out of the sides and bottom of the stone, and the diamond will not have the optimum amount of sparkle or fire-regardless of its colour or clarity.

Excellent and Ideal Cut Diamonds have been cut to precise standards to display the beauty of the diamond. Excellent and Ideal Cut Diamonds have perfection in proportion, symmetry and polish and they will always display the maximum brilliance, fire & scintillation.

Excellent and Ideal Cut Diamonds have properly proportioned facets, excellent symmetry & polish. Since 97.5% of a diamond's brilliance is controlled by the quality of the cut Excellent and Ideal cut diamonds obtain higher prices. The Diamond Cut Grade is made up of three main controlling factors - Proportion, Symmetry and Polish. The light return of the diamond more commonly known as sparkle or brilliance is also an important factor but it is governed by the proportions and symmetry of the diamond cut.

Diamonds with a Very Good cut grade reflect most of the light that enters them, dispersing a good deal of brilliance. Very Good cut diamonds have proportions which often overlap and are comparable to Excellent cut diamonds but just differ slightly in one area or measurement. Very Good cut diamonds are also highly valued.

Diamonds are Sold By Carat Weight

Carat is a unit of measure not size. Two diamonds that have the same carat weight may appear to be different sizes depending on how the diamond is cut. Some diamonds will have extra weight on the bottom part of the diamond, the pavilion, or a thick girdle and therefore will appear smaller visually.

Diamonds are sold by their carat weight. The heavier a diamond weighs once it is cut the higher the price per carat. A diamond cutter always try to retain as much carat weight and as few inclusions when cutting a diamond in order to obtain the best possible price per carat. Sometimes the cut of a diamond might be sacrificed in order to produce a diamond with a higher carat weight. Hundreds of tons of rock and ore must be processed to uncover a single one-carat gem quality diamond.

4C's - Cut, Colour, Clarity & Carat

After diamonds have been sorted into their different shapes they are then assessed with what is known as The 4C's- The Cut, Colour, Clarity and Carat weight. These individual factors are all combined resulting in the price of the diamond. The price of diamonds is also influenced by international market conditions such as exchange rates, supply and demand, fashion trends as well as inflation.

Diamonds, just like your marriage, are an investment, and have been an investment device for several thousand years. Diamonds are a symbol of love and commitment so buying the perfect diamond for an engagement ring or that special occasion is a crucially important decision.

To learn more about diamonds and for further information about diamonds please visit our website - Diamond Education

You may copy this article and place it on your own website, as long as you do not change it and include this resource box including these live links to Diamond Imports www.diamondimports.com.au

Read more: http://www.articlesbase.com/jewelry-articles/the-price-of-diamonds-484486.html#ixzz1ALqwvzwp
Under Creative Commons License: Attribution

Diamonds: Diamond Buying Advice

When you start to think about buying a diamond, you naturally will want the best diamond that you can afford and a beautiful stone you will treasure forever. Diamonds can be found in a range of shapes, sizes, qualities & colours. If you are about to buy a diamond for an engagement ring, you may want to consider spending the commonly accepted guideline of two months' salary. However you should spend as much as you can comfortably afford. Buying a diamond is not like buying a car which will depreciate over time, they endure generations and are passed down in your family as an heirloom. Remember, diamonds ARE forever.

When buying diamonds, make sure you buy the best quality diamond that is within your budget. Do not buy a diamond just because it has been "discounted"or the diamond dealer is offering a "special price". These "sale" prices and deals are nothing more than marketing hype and will not result in any real savings to the price of a diamond. The price of diamonds is controlled by international market conditions and the availability. Unlike other jewellery items, diamonds do not go on sale because they do not have huge profit margins or over inflated prices.

Do not confuse a diamonds carat weight with the size of a diamond. Two diamonds that have the same carat weight could have very different diameter measurements and appearance in actual size. A poorly cut 1.00ct diamond may look like a 0.75ct diamond from the top because they have the same diameter measurements even though their carat weights are different.

Diamonds are sold by their carat weight. A diamond cutter always tries to retain as much carat weight and as few inclusions when cutting a diamond. Sometimes the cut of a diamond might be sacrificed in order to produce a diamond with a higher carat weight. Diamonds that have a higher cut quality - excellent, ideal and very good cut diamonds - will sparkle with far more brilliance and fire than poorly cut diamonds which have a lower cut grade.

The value of a diamond is determined by its exact quality as defined by the 4C's: Cut, Colour, Clarity and Carat-Weight. It is the sparkle or brilliance that gives a diamond its unique quality. Many people become overwhelmed when they start searching for a diamond. It seems that the fear of either buying a diamond that is not very good quality or paying too much can cause people to go on a quest to become a diamond expert overnight. Getting knowledge and educated about diamonds and the 4C's - Cut, Colour, Clarity & Carat Weight - is a big first step towards buying the right diamond.

Before you start diamond shopping, it is best to have an understanding of what you are buying and the process behind buying a diamond. Today on the internet there is no shortage of information available, especially when it comes to learning about diamonds. Here are a few important steps when embarking on the purchase of a diamond -

Gain a basic understanding of the qualities of a fine diamond.

Learn about diamonds, do your homework before you start looking. There are many good websites that offer comprehensive Diamond Education sections where you are able to learn about diamonds and The 4C's - cut, colour, clarity and carat weight. These are the criteria that diamonds are graded and valued upon.

Set a personal budget.

This will dictate a lot of the parameters for the diamond you are searching for. Then obtain a realistic idea of what diamonds cost and the various diamond prices. Round Brilliant Cut Diamonds are the most popular shape of diamond for engagement rings however they also are higher priced than a fancy shape diamond. Setting a personal budget will save you a lot of time and it will help you to not over extend yourself financially.

Decide on the diamond specifications.

What shape of Diamond do you prefer? Remember that diamonds are cut in many different shapes besides Round Brilliant and Princess Cuts. Fancy Shape diamonds such as Asscher, Cushion, Emerald, Oval, Pear, Marquise, Trilliant and Radiant Cut Diamonds all make unique engagement rings and create beautiful jewellery when set in individual designs. Once you have decided on the shape of the diamond you wish to buy then start deciding on your other preferences such as the carat size, the diamond colour, the diamond purity and the diamond cut quality.

Insist on a Diamond Certificate.

A diamond certificate or diamond grading report documents the complete quality and description of the diamond, it includes information on shape, carat weight, clarity, fluorescence, colour grade, measurements, proportions and finish grade. A diamond certificate also confirms that the diamond is natural and is not synthetic or man-made. Diamond Grading Laboratories such as GIA, AGS, HRD & DCLA are all internationally recognised and compliant grading laboratories.

View the diamond in person where possible.

Compare the quality of the diamond next to other diamonds before you purchase. Cut is the only factor that man can control. Cut refers not only to the shape and style of the diamond, but its proportions, symmetry, and finish or "make". Cut determines the brilliance and fire of the diamond and is actually one of the most important aspects to consider when choosing your diamond.

We understand that when searching for the right diamond the task can at times be daunting and very confusing. Just comparing diamonds on price alone is not nearly good enough, you need to be able to compare the diamonds next to each other to see which diamond is the better quality and appeals to you the most.

You may copy this article and place it on your own website, as long as you do not change it and include this resource box including the live links

Read more: http://www.articlesbase.com/jewelry-articles/diamonds-diamond-buying-advice-484749.html#ixzz1ALqlpvuL
Under Creative Commons License: Attribution