How Diamond Prices Are Determined
Pricing most products is quite easy. Determine how much it costs to make the item, how much it costs to market that item, and then mark it up by 15 ? 30% or more. Simple, right? Well, pricing diamonds isn't quite that simple. There are many factors that are considered when diamonds are priced.
Diamond prices are determined first by adding the cost of the rough diamond, the cost of cutting the diamond, and all other costs necessary to turn the rough diamond into a marketable diamond. Depending on the importance of the diamond, an independent company may be called in to certify the grade of the diamond based on color, cut, clarity, and weight.
At this point, the diamond becomes more expensive each time it changes hands, until it finally reaches a retailer, where the price is raised a bit more.
Before reaching the retailer, however, the diamond must travel from the mine, to the cutter and polisher, to the independent grading company, and then to the Primary market. Once it has reached the primary market, it will be purchased by diamond dealers and wholesalers, and from there it will be sold to retailers.
As you can see, the earlier you can purchase a diamond in the process, the lower the cost of the diamond will be ? but not the value. The value is based on what the diamond will sell for in the market place ? through a retailer.
If you own a diamond, and you have no idea how much it is worth, you can have it appraised, but the appraisal may not be accurate. You will be better off obtaining a certificate through GIA ? Gemological Institute of America. With the information on this certificate, you can use a cutter's guide to accurately determine what your diamond is worth.
There are also many diamond price calculators available. These can be found on the Internet, and many diamond dealers use these as well. You must realize, however, that before you can accurately price a diamond, without a Diamond Grade Report, you need to know quite a bit about diamonds, such as different cuts, clarity, color, and weight ? and how each of those aspects adds to the value of a diamond, or decreases the value of
the diamond as the case may be.
The price per carat does not increase smoothly with increasing size. Instead, there are sharp jumps around milestone carat weights, as demand is much higher for diamonds weighing just more than a milestone than for those weighing just less.
As an example, a 0.95 carat diamond may have a significantly lower price per carat than a comparable 1.05 carat diamond, because of differences in demand.
Carat size
Cost per carat (US$)
Total cost (US$)
0.5 carat (50 points)
3,000
1,500
1.0 carat
6,500
6,500
1.5 carats
8,500
12,750
2.0 carats
13,000
26,000
3.0 carats
17,000
51,000
5.0 carats
23,000
115,000
A weekly price list published by Rapaport of New York, of diamond prices per carat, for different diamond cuts, clarity and weights, is currently considered the de-facto retail price baseline. Jewelers often trade diamonds at negotiated discounts off the Rapaport price (e.g., "R -3%").
Again, you will be better off if you get a Diamond Grading Report on the diamond, and use that information to look up the price in one of the guides that the diamond cutting industry uses. This will give you the most accurate value of the diamond in your possession, or of the diamond you are considering purchasing.
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Diamond Ring Settings ? Display your Diamond with Style
There are almost as many ways to set a diamond as there are diamonds themselves, and diamond ring settings can influence the appearance and character of your ring as much as the diamond itself. From simple, unadorned mountings to settings richly set with diamonds, the ring setting you select can support your diamond with understated elegance or with exuberant flair. Good diamond ring settings show off your diamond.Certain diamond ring stores will have a wider variety of diamond ring settings than others, so whether you are buying a ring off the shelf or having one custom made just for you, ask to browse the store's ring catalog before you select the right jeweller for you. Simple settings, like the prong setting, are more commonly available, so be prepared to do a little extra legwork if you are looking for a jeweller that sells diamond rings with more usual settings. The prong setting is most commonly used for solitaire rings, and can set a single stone off perfectly.
This kind...
Diamond Ring Settings ? Display your Diamond with Style
Diamond > Diamond Ring Settings ? Display your Diamond with Style
Diamond Solitaire Engagement Rings
So, you're ready to pop the question? Getting engaged is a once in a life time occasion and you want everything to be perfect. The right atmosphere, romantic setting and of course the perfect ring are essential. The ring has to be special enough to sweep her off the feet, the same way you did while courting her. Nothing will impress her more than buying her a magnificent, dazzling diamond solitaire ring.
Engagement rings account for almost thirty percent of diamond jewelry sales. Out of these, the most popular is the classic solitaire ring.
A solitaire diamond ring is a ring having a single diamond rather than a cluster of diamonds or side stones. Solitaire rings showcase the diamond's beauty. The band of a solitaire ring is generally made of platinum, a shining white metal that compliments the stone perfectly. The setting, which holds the stone securely, comes in a four prong and six-prong variety. The setting with four prongs shows off the diamond, while the six...
Diamond Solitaire Engagement Rings
Diamond > Diamond Solitaire Engagement Rings
Loose Diamonds
If you're shopping around for a loose diamond at a nearby jewelry store or online diamond dealer, ask your dealer for a 10X loupe with which you can closely examine the interior of the diamond. And, if you intend buying loose diamonds privately, it would be better if you bought a 10X eye loupe directly from a jewelry house. In fact, the best eye loupe you can buy is the Hastings 10X Triplet eye loupe from Bausch & Lomb. The best way to check a diamond for clarity is with a stereoscopic binocular microscope which comes with dark field illumination.
As you perhaps know, all loose diamonds are given a clarity grade below a power of 10X.
When you examine a loose diamond with the help of a loupe, bring it all the way up to your eye and then very gradually pick up the diamond with tweezers to a point just below the loupe so that you see it clearly at close range. Pick up the diamond with the help of tweezers by placing the diamond table down. Now, set the diamond...
Loose Diamonds
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Who Else Got a Bad Diamond Deal? Here's How YOU Prevent It
Diamonds are a girl's best friend. Well, they're also a jewelers best friend, because these little stones are the most valuable minerals in the world. Valuable, yet everyone has trouble when buying a diamond because it's so hard to get a good estimate of what a fair price would be. If that's you, then I'm here to tell you that judging the value of a diamond is actually as easy as looking for 4 easy characteristics. They are cut (the shape of your diamond), clarity (the amount of spots, cracks and flaws), color (is your diamond completely clear or does it have a deep color?) and carat, the measure of weight for diamonds.
So the first one is cut. Is your diamond round and equally wide as it is tall? That's called a round and brilliant cut, and it's the most valuable cut there is. When your diamond is either flatter or taller in shape, it becomes less valuable. This goes for every diamond there is, except for a triangular cut, which can also be very valuable because it is in fact...
Who Else Got a Bad Diamond Deal? Here's How YOU Prevent It
Diamond > Who Else Got a Bad Diamond Deal? Here's How YOU Prevent It
Young Brooklyn Author Pens America?s First Hip-Hop Soap Opera
New York City, NY (ContentDesk) August 13, 2004 -- The story takes place in present day Brooklyn, NY and focuses on the life of Rich, a young drug hustler trying to pull himself and his family out of a life of crime.
But the book doesn't just focus on the hard-core elements of the streets. It also features a number of sub-plots that deal with such themes as friendship, loyalty, love and revenge. McCalla, a hip hop enthusiast, weaves into Diamond Drought his unique perspective on the social, political and economic trends affecting the urban music scene.
An on-line excerpt is available from Writersandpoets.com at http://writersandpoets.com/home.htmMcCalla is available for interviews about Diamond Drought, as well as its hotly anticipated sequel, Diamond Dynasty.
McCalla can also comment as an expert on any of these subjects: urban music, the importance of hip hop to the youth, the drug culture, and...
Young Brooklyn Author Pens America?s First Hip-Hop Soap Opera
Diamond > Young Brooklyn Author Pens America?s First Hip-Hop Soap Opera
Diamond Ring Settings ? Display your Diamond with Style
There are almost as many ways to set a diamond as there are diamonds themselves, and diamond ring settings can influence the appearance and character of your ring as much as the diamond itself. From simple, unadorned mountings to settings richly set with diamonds, the ring setting you select can support your diamond with understated elegance or with exuberant flair. Good diamond ring settings show off your diamond.Certain diamond ring stores will have a wider variety of diamond ring settings than others, so whether you are buying a ring off the shelf or having one custom made just for you, ask to browse the store's ring catalog before you select the right jeweller for you. Simple settings, like the prong setting, are more commonly available, so be prepared to do a little extra legwork if you are looking for a jeweller that sells diamond rings with more usual settings. The prong setting is most commonly used for solitaire rings, and can set a single stone off perfectly.
This kind...
Diamond Ring Settings ? Display your Diamond with Style
Diamond > Diamond Ring Settings ? Display your Diamond with Style
Outsider Likely to Ruffle Feathers Within Established Diamond Jewelry Trade
A series of eight weekly articles on buying diamond jewelry online is to conclude with a detailed comparison of some of the major online sellers of diamonds and diamond jewelry.
Wellington, New Zealand, August 23, 2006 -- Can an outsider, based in New Zealand, provide a valuable guide to buyers of diamond jewelry on-line?
Murray Nickel of Diamonds Are Eternal believes he can.
This is the first of a series of eight articles on the process of buying diamond jewelry online.
The final articles in the series will provide a step-by-step guide for online buyers, and a detailed comparison of major online sellers of diamond jewelry.
Everything will be brought together into an e-book that can be ordered now, free of charge at www.DiamondsAreEternal.com
I need to say up front that I'm not diamond expert. I am an information and process expert. I have a degree in statistics and mathematics and have worked in...
Diamond > Outsider Likely to Ruffle Feathers Within Established Diamond Jewelry Trade
Zales Diamond Engagement Rings ? A Patented Cut
Zales diamond engagement rings are graced with the unique and patented cut of the Zales diamond, making this ring a wonderful choice of ring to celebrate your engagement. Apart from the unique diamond cut that makes each ring stand above the crowd, Zales only select diamonds that satisfy the other three Cs of a beautiful diamond in a superior way, ensuring that Zales engagement rings will express your love beautifully. Diamond solitaire rings are the best way to display a high quality diamond that boasts high standards in the four categories that are used to determine the worth of your gem ? carat, color, clarity and cut. The first three criteria are the result of nature, but the last one, the cut of a diamond, is the result of the knowledge and expertise of a qualified diamond cutter. Artisans have, for centuries, worked on creating cuts that will allow a solitaire diamond bask in its true beauty, and for many years a cut known as the ?ideal cut' was the diamond cutter's standard. ...
Zales Diamond Engagement Rings ? A Patented Cut
Diamond > Zales Diamond Engagement Rings ? A Patented Cut
The Benefits Of Laddering Your CD Investments
If you've decided to stock some money away in a certificate of deposit, why not reap the highest benefit over time by laddering your CD investments? What's a CD latter? I'm glad you asked.A CD ladder is made up by purchasing several CD's at one time with different maturity dates. One example of a CD ladder is to have maturity dates of one year, two year, three year, four year, and a five year CD. These five investments make up the rungs of your CD ladder with one certificate maturing every year...
How Diamond Prices Are Determined The Benefits Of Laddering Your CD Investments Diamond term life insurance
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People Who Drive Silver or Blue Cars Should Not Read This
(ContentDesk) July 27, 2006 -- People who drive silver or blue cars or trucks should definitely not read this column by renowned consumer advocate and columnist Brian Vaszily because they won't get it anyway. That's just how they are.Those who drive any other color car or truck -- especially those who drive red ones -- will understand the insights revealed about the sinister marketing tactic called "Granfalloon Tactics," and will also quickly see how this secret knowledge can help prevent getting...
How Diamond Prices Are Determined used cars Diamond People Who Drive Silver or Blue Cars Should Not Read This
Diamond > People Who Drive Silver or Blue Cars Should Not Read This
Diamond
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