They say that diamonds last forever. Unfortunately, we live in a world full of economic certainty, and assets like diamonds and other precious gems can be good investment pieces when it comes to diversifying your portfolio and decreasing risks. If you’re looking to invest in loose diamonds, sell a diamond, or want to find a unique engagement ring for your fiance, here’s what you need to know about diamond prices and diamond grading scales.
It’s important to understand that there is no standard diamond price calculator. So many things go into determining the final price of a diamond. But several fundamental diamond pricing factors can give you a good foundation to go on when it comes to buying and selling loose diamonds or diamond jewelry.
A diamond is priced according to its per carat weight. Prices go up as the carat weight increases because it’s harder for miners to find larger diamonds. The diamond ring’s cost is also calculated based on the diamond cut, and it’s clarity grade. But in general, diamonds are priced per carat weight, and weight will have the most impact on the final retail price.
After WWII, the diamond industry wanted to create standards on diamond grading and pricing. The diamond clarity scale, called the 4Cs, was born. The 4Cs for diamond grading are:
Imperfections on the stone’s surface or within the diamond are called inclusions and blemishes. The fewer imperfections a stone has and the least amount of colour the stone has, the higher the diamond price. The naked eye can’t see inclusions and blemishes, known as clarity, or colour. Buyers just want to buy a diamond based on its beauty and brilliance. White diamonds and coloured diamonds are all popular choices on the market.
Whether you’re looking to sell a diamond ring or a loose diamond, appraisers will look for several things when pricing the stone. Diamond rings with an excellent cut, high colour grades, and cut grades, and larger carat diamonds will command the highest prices.
Another factor that an appraiser will take into consideration are any certifications from a lab that the stone has. Diamonds certified by either the GIA or the AGS are some of the most recognised in the diamond industry, and they also adhere to the strictest standards in diamond grading. Any diamond graded with the 4Cs should come with a certificate when purchased.
Are you looking to sell a diamond ring or a loose diamond for fast and easy cash? Here at Gold Buyers Melbourne, we buy and sell diamonds and can offer some of the highest prices on the secondary market. No matter what your cut or clarity grading your diamond has, it’s worth an amount that might surprise you. Stop in today to our secure location and see how much you can get for your selling diamonds.
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