If you’re like most people, when you’re shopping for a diamond, price is a concern. Diamond prices can be steep, with opulent diamond rings easily surpassing the $100,000 mark. The process of determining the price of a diamond is a complicated one, and knowing what factors affect the price can help you find the best diamond for your price range and also prevent you from paying too much.
The Four Cs
Every diamond is unique, and many factors influence a diamond’s price. The Four C’s play a role in determining a diamond’s value. The Four C’s include diamond cut, clarity, color and carat weight. Diamonds generally cost more when they have a higher carat amount. Diamonds with a high degree of clarity – or few to no inclusions or flaws – are also more expensive. Diamonds that have the best cuts show off more sparkle. There are many types of cuts and a cut that makes one diamond shine may not do as much for another diamond, so there is no set description of the best cuts. Color is important. For white diamonds, the clearest stones are the most valued. For fancy diamonds, the most intense colors are desirable.
A diamond certificate, or grading report, is important in helping determine a diamond’s cost. The report is performed by an independent gemologist and will include a detailed analysis of the diamond, including individual marks and identifying characteristics. A certificate allows you to see an unbiased description of the diamond and can help you determine if the price is fair.