Critical Facts for Buying Diamond Jewelry
The diamond is unique in the hierarchy of gems. Its elegance has been treasured since its discovery.
As an admirer of diamonds for engagement rings, whether past, present or future, one may wonder why there is such variation in price from store to store. What characteristics constitute a $5,000 diamond versus one that costs only $500?
Diamonds are graded based on 4 criteria. The first of these is referred to as the carat, which is a measurement of the weight. The more carats the more expensive a diamond becomes. Size is not the only factor that matters however, remember: it is what is on the inside that counts.
Carat size may push the price up, but only slightly if there is no clarity. Several facets determine clarity on both an internal and external basis. Internal aspects, dubbed inclusions, and external aspects, dubbed blemishes, all contribute to the overall clarity score.
The clarity of a diamond can vary from ‘pure’ to heavily included. This designation is arrived at after anaylyzing the how many inclusions are found as well where the inclusions are located, whether they are tinted, and how large they are.
These differences are due to the cooling process of the diamonds against other materials. Lack of clarity is a lack of perfection. A diamond is forever, and no one wants to be stuck with an imperfect one forever; therefore, this impacts the price.
Color is the next element that affects price. Although clarity is important, there are special cases where under certain conditions underground a diamond may have taken on a certain coloration that actually increases its value.
Diamonds range in color from a designation of “D” to “Z”, with “D” being no color at all, and “Z” being a diamond with a color that is deep enough to be very noticeable to the human eye.
Lastly we need to understand the effect of the cut on pricing. The quality of the cut may not be as easy to evaluate for an inexperienced buyer as some of the other factors, but it is nevertheless a critical element as it gives the diamond its sparkle.
To view a diamond from the point of view of the cut is to investigate whether or not it has any ‘fire’. Like the other criteria for grading, the cut has it’s own grading scale that goes from excellent to irregular. If the diamond doesn’t knock your socks off then it likely has not been cut very well.
Diamonds are rare, but they are not equally special. Understanding the four important C’s of carat, clarity, color and cut that constitute the value of a diamond will steer you towards making a better purchase decision.
