When we talk about diamonds, it already came to our mind that it is gonna be expensive or out of rage. But someone said it quite right “something is worth what someone is willing to pay”.
The diamond industry has a rule that all the buyers either they are in the primary market or secondary market is playing a game that was set up by the diamond industry and the house (diamond industry) always wins.
Diamond marketing culture has forced us to believe that diamond is rare, and it requires a lot of cost ranging from the labor workers who dig in the mine and finds it, rubs it, shapes it, and then polishes it and designed it with skilled techniques.
So here is the answer that it is not rare and it does not cost a lot if someone is willing to pay. 30-carat diamond is indeed hard to find and rare than smaller ones. The basic value of something comes from its rarity and the work and hardship require to find it. Including some gemstones and artifacts.
- In the diamond industry, 4C is actually the basic concept. 4C stands for clarity, cut, color and carat. An 8carat diamond could be more expensive than a 30-carat diamond. Because of clarity, it cut, and its shape. The quality makes a big difference in the price of the diamond. A small size diamond could be worth more than the large uncut 30-carat diamond.
The 30-carat diamond is huge. And it is rare to find. If you have a 30-carat diamond and it is well polished and finely cut. It could be worth millions just for its size. Clarity and shape come after.
What matters is clarity, how much is it shinning. How fine its cut is what is its color and how much size is it. Someone said that that a blud diamond of 6.5 carats costs 1.6 million US Dollars. The price starts from $5 and increases up to million dollars.
- You should have maximum knowledge of what to consider before getting diamonds to have full exposure to the market and prices.
- Do you want to buy a diamond? Before that, you have to set a budget. Your goal is to buy the best, shiny, diamond on your budget.
We recommend H color and VS2 clarity diamonds.
|Carat Weight||Diamond Price Per Carat||Total Price||Recommended Price|
|0.25 carat||$800 - $4,000||$200 - $1,000||$300 - $450|
|0.50 carat||$1,000 - $8,000||$500 - $4,000||$1,000 - $1,500|
|0.75 carat||$1,300 - $9,000||$1,000 - $6,800||$2,000 - $3,000|
|1.0 carat||$2,000 - $16,000||$2,000 - $20,000||$4,500 - $6,000|
|1.5 carat||$2,670 - $20,000||$4,000 - $30,000||$8,000 - $10,000|
|2.0 carat||$4,000 - $35,000||$8,000 - $70,000||$18,000 - $21,000|
|3.0 carat||$7,000 - $66,700||$20,000 - $200,000||$40,000 - $50,000|
- These are the current prices of diamond. As you you can figure out that the range is quite a lot even for equal sizes diamonds. The above-mentioned prices are for rounded-shaped diamonds. Other shapes cost 20% less than round shapes.
The carat, cut, clarity, and color. decides how much a diamond costs. The more clear and uncolored the diamond the higher it costs.
But these are the things that a diamond specialist can determine and an average person doesn’t even look for these things. An average person looks for a clear, bright, eye-pleasing diamond. So, we recommend you H color diamond with VS2 clarity.
- The most important thing you need to check is that you are buying it from a certified laboratory. AGS and GIA are the best-recommended labs for diamonds. These labs are the most graded standard labs.
The trademark makes a big difference in the pricing of diamonds. The price could be 3 times higher because of these trademarks that jewelers have.
You can avoid such things by buying things online where you can avoid trademarked jewelers. Online shopping for diamonds can cost 30% less than any store in the market that has a trademark.
You must be thinking, If investing in diamonds is safe and if the price increases with time or not.
So here is to clear the confusion that yes, diamond price increases with time and it increases up to 4% with time.
There is a downhill as well that if price increases yearly it doesn’t mean that re-sale will also increase. Actually resale market is a little behind in this strategy. The moment you bought a diamond its price automatically goes down. So investing in diamonds is probably not a good idea.
You must hear of the famous 4C’s when it comes to diamonds. The clarity, cut, carat, and color. These 4 C’s decided the price of a diamond. But each C doesn’t carry a separate weight. 4C’s combines and then the costs accordingly.
Some common mistakes everyone makes while buying a diamond.
- Buying a diamond that is of high clarity thinking that it would be shinier.
- Buy it only considering clarity and color and considering the shape by thinking every diamond has the same shape.
- Going too high with carats and ignoring other factors. Resulting in low-quality diamonds.
Many people prioritize carat and that is why we are talking about it first. People prioritize it because many people ask about its size and how big the stone is without considering its clarity and how colorless it is.
One carat equals 0.2 grams and as the carat increases weight increases and when weight increases price increases.
If all the diamonds have the same shape, color but the difference is in carats then it will affect the price. As you can see the price increases as the carat increases.
The one tip you should never forget is that NEVER SKIP THE CUT OF DIAMOND. It is the most important factor. You can have an idea that you should money in the cut of the diamond rather than any other thing.
The cut of the diamond makes it shiny. It is soo important that it can hide all the intrusions and flaws.
A raw diamond has no shine. It’s the cut that makes the light reflects and makes it shiny and glowy. If a diamond is cut poorly it won’t reflect light from it and such diamond would be dull. If it is well cut it will glow and shines perfectly.
The color does not have anything to do with the brilliance of the diamond. But being colorless makes the diamond looks beautiful. A colorless diamond is very rare and costs a lot as well.
As you can see, as the color goes towards colorless the price increases with it. Most people can not tell the difference between colorless and slightly colorless, so there is no point in spending so much money on something that people don’t even notice.
- The clarity of a diamond means the flaws in it. There are two types of it. one is the internal flaws named as inclusions and the other is the external flaws named as blemishes. Most diamond has flaws and it is not important if it has flaws, a diamond should be clean with no visible flaws to the naked eye called eye-clean. Most people can’t recognize the flaws. If a diamond is well cut the flaws can be hidden and not visible to a normal person.
There are different shapes in which diamonds can be cut. The most expensive is the round cut. Shapes also make a difference in price.
A round diamond costs about $5,610
Princess cut diamonds are the second most famous shape since they are nearly just about as shimmering as round diamonds. Princess cut diamond has edges, yet still, the most favorite for women, and the diamond is as delicate as it should be. It costs about $4,140
Oval jewels put an advanced, it looks elegant just like the round shape. It is for the young lady who likes custom yet prefers to communicate uniqueness. Oval precious stones are in the group of splendid cuts, so they are near round as far as splendor.it costs about $4,610
Other extravagant cuts, like pear and marquise, shout for consideration. Women attracted to these likes to captivate everyone’s attention. These shapes are additionally extraordinary because they frequently look bigger than a round diamond of a similar carat weight.
Pear shape diamond costs about $4,370
Marquise shaped diamond costs about $4,720
Asscher and emerald are in step cuts, they were exceptionally famous during the art deco period. These are for the woman with vintage tastes.
Asher costs about $4,630
Emerald costs about 3,460
Other squares/rectangular cuts, for example, radiant or cushion, will speak to the individuals who like the princess cut however need something less basic.
Cushion costs about $3,590
Heart-shaped diamond costs about $3,660
The price can fall up to 20%-30% if you’re choosing any other shape than a round shape.
The 5th C is the most important one. It is that you buy it from a certified lab. If you buy it from just any other store that can’t be trusted.
The most important thing you need to check is that you are buying it from a certified laboratory. AGS and GIA are the best-recommended labs for diamonds. These labs are famous for their grading skills. They really study the diamond and grade it very carefully. The prices could be high as it provides certification but you should never compromise on this as well.
Fluorescence means that when a diamond glows under ultraviolet light. It might sound fascinating but it is considered a bad thing in the gem industry. Most diamonds have fluorescence and it doesn’t cause any bad effect on the diamond. But the good thing is fluorescence can even mask a yellow diamond by its reflecting white light. And a diamond with Florence costs 10%-15% less.
There are many industries that are making diamonds in the labs with the same carbon structure and with the same elements. These diamonds are very famous and popular in the market.
As no one can tell the difference between a real and synthetic diamond except the maker. So they are very much cheaper in comparison and do the work as the real diamond does. The synthetic diamond cost could be 20%-50% less than a natural diamond.
Diamonds with more than 2 carats in VS2 are safe and good to avoid blemishes and flaws.
These diamonds are very famous and popular in the market. As no one can tell the difference between a real and synthetic diamond except the maker. So they are very much cheaper in comparison and do the work as the real diamond does. The synthetic diamond cost could be 20%-50% less than a natural diamond.
Fluorescence means that when a diamond glows under ultraviolet light. it is considered a bad thing in the gem industry. Most diamonds have fluorescence and it doesn’t cause any bad effect on the diamond.
The size of a 30-carat diamond is approximately 4-4.45mm. According to the calculations, one carat = 100 points. In the diamond industry, 4C is actually the basic concept. 4C stands for clarity, cut, color and carat. The quality makes a big difference in the price of the diamond. A small size diamond could be worth more than the large uncut 30-carat diamond. The above-mentioned things are the complete guide of what you should know about diamonds.