Diamond pricing: Estimating a valuable asset
While calculating diamond pricing is not rocket science, one should know that it is difficult to do so without a little help from certain sources. The regular consumer does not always have the knowledge of the price calculation, which leads them to pay an exorbitant price for a dull stone.
It is not very difficult to determine the price of a diamond after gauging its value through 4 attributes, better known as the 4Cs: Cut, Carat, Colour and Clarity.
A simple way to understand diamond pricing
In their natural form, diamonds are rocks. Later, they can be given any one of the 10 shapes – round, princess, oval, pear, cushion, marquise, heart, asscher, emerald or radiant. Divine Solitaires offers its solitaires in the first four shapes.
Our user-friendly mobile application helps you understand the value of your solitaire conveniently. Under the section ‘Pricing’ and ‘Know Diamond Value’, there are just a few simple steps involved. The first is to select one from among the four shapes.
The price of the diamond will also depend on the size of the stone. The common units used to weigh diamonds are carats and cents, with 100 cents in each carat. In the case of diamonds, the carat refers to the weight of the diamond and ultimately its size.
The Divine Solitaires app provides the price range for any solitaire ranging from 0.10 carat to 2.99 carats. If you choose a size outside this range, the price for the same is available on request.
A diamond is never white; it is simply colourless. If you refer to a diamond colour chart, the colour grading begins with the letter D and ends with Z. Diamonds from grade D to F are completely colourless. Starting from G, the stones start gaining a little body colour. This is visible through careful observation and the last few grades from S to Z has a clearly visible light yellow hue.
Why are the 4Cs important?
It is untrue that the stones with colour are cheap but they’re definitely a little less expensive as compared to the colourless ones. Divine Solitaires only offers diamonds between the grades D to K.
Diamonds are rocks that are formed in the depths of the earth. Hence, it is natural for them to have certain physical characteristics, which are also known as inclusions. They are graded as FL (Flawless), IF (Internally Flawless), VVS (Very Very Slightly Included), VS (Very Slightly Included) and SI (Slightly Included). These are nothing but gaps or blemishes inside or on the stone. As a result, the brilliance of the stone is somewhat reduced.
This does not necessarily render a diamond worthless but not many people would like to end up with a lustreless stone. The presence of these inclusions also affects the price of a solitaire.
To sum it up, each characteristic of a diamond is responsible for its value and pricing. A change in the colour and clarity affects the value and hence, also changes the price of the stone. Here, the Divine Solitaires app gives you the space to choose a solitaire within your budget.
The diamond industry has a long way to go as far as price transparency is concerned. So much so that …