The most important "C"
you have to think about is COST. The few times you usually hear
about cost, it is usually as a "salary guideline" or "buying
tips" which may include "advice" to spend about two
months salary on a diamond engagement ring. Would you like to know
where the idea of two month's salary came from? A marketing person
whose job it is to sell as many Diamonds as possible. The reality
is that there's no "guideline". There are too many personal
factors to consider.
You know your financial situation
better than anyone. You have to decide on a budget for how much
you want to spend, and/or can afford to spend, and then go out and
see what that budget can buy. To get an idea of prices, you can
fill out our Multi-Jeweler
form, indicating the type of Diamond you are interested in.
How much does
each "c" affect cost?
Let's take a typical Diamond,
and change the various properties to see how it affects the price:
A Diamond of G color and SI1 Clarity will be in one Category
of prices when it is between 0.50 - 0.69 carats. When you take that
same quality Diamond and increase the size to the next price category,
which is the 0.70 - 0.89 carat range, the price increase will be
approximately $1,100 per carat. Increase to the
0.90 - 0.99 carat range, and the price increase will be approximately
another $800 per carat. Increase to 1.00 - 1.49
carat range, and the increase will be approximately another $800
per carat. Increase the carat weight to the 1.50
- 1.99 carat range, and the price increase will be approximately
$1,200 per carat.
Let's start with a 1.00 carat Diamond of K color and VS1
Clarity. If you move up to an H color, you will pay approximately
an extra $1,700 per carat. Move up to F color,
the increase will be approximately $1,100 per carat.
Improve the color to D and the increase will be approximately $900
Let's start with a 1.00 carat Diamond of G color and SI1
Clarity. If you move up to a VS1, you will pay approximately an
extra $1000 per carat. Move up to VVS1, the increase
will be approximately $700 per carat. Improve the
clarity to IF and the increase will be approximately $700 per
Cut is a bit more complicated and depends on various factors,
like the quality of Diamond you are considering. Ideal cuts are
generally much more expensive than the others. But it needs to be
judged on a case by case basis. If you are purchasing a Diamond
and have a certificate, we can analyze the cut via the measurements,
you are welcome to fill out an Ask
form for more information.
in the Diamond Business
We would like to clear up
some confusion as to how pricing works in the Diamond industry.
The price of Loose Diamonds in the wholesale market is stated in
Dollars (Pesos, Dineros, Shekel, Italian Lira...) per Carat. This
figure is multiplied by the number (or fraction) of carats being
Jeweler buys 40 carats worth of Diamonds from
Dealer at $2,000.00 per carat =
$2,000 X 40 carats = $80,000 (for 40 carats-worth of stones).
Consumer buys 0.50 carats worth of Diamonds
from Jeweler at $3,000.00 per carat =
$3,000 X 0.50 carats = $1,500 (for 1 stone).
Sometimes Jewelers will quote
to retail customers a per carat price or sometimes they will quote
a price per stone. So a 0.50 ct. diamond can be quoted as $3,000.00
per carat, which comes to 0.50 x $3,000.00 = $1,500.00 for the diamond,
or it can simply stated as $1,500.00 per stone. When buying a piece
of Jewelry which may contain one or more type of gem, the price
will always be per piece.
When you see T.W., or Total
Weight, it will refer to the total carat weight, per gem type (at
least they should and usually do break it down by gem-type). So
a ring with emeralds and sapphires and diamonds could say:
Emerald t.w. = 0.25 cts., Sapphires t.w. =
0.31 cts., Diamonds t.w. = 0.75 cts.
This refers only to the weight
as measured when the gems are loose and unmounted. It has nothing
to do with the number of gems contained in the Jewelry. The above
example could mean there were 5 emeralds, 7 sapphires, 100 diamonds
as easily as it could mean that there were 2 emeralds, 2 sapphires
and 2 diamonds.
QUICK CARAT COST QUESTION:
Which would be more
valuable? 100 diamonds with a t.w. (total weight) of a carat? Or
2 diamonds with t.w. of a carat?
diamonds! Why? Because Carat,
which is the Second C, is more valuable the bigger it is. 1 Diamond
of 1 carat is worth more than 2 Diamonds of 1 carat.