How Do You Know How Much A Diamond Is Worth – Diamond prices are complicated as their value is often calculated taking into account multiple factors. In this diamond pricing guide, you’ll find out everything you need to know about how much a diamond is priced.
When it comes to diamond jewelry, you want to make sure you get the right piece for your budget. Use this guide to understand diamond prices per carat and how to get the best bang for your buck.
How Do You Know How Much A Diamond Is Worth
The cost of a diamond can vary enormously. Some can cost several hundred dollars, while others can be priced in the thousands. Some can range in the millions, while the Queen’s Crown Jewels are worth an estimated $4 billion.
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The biggest factors that contribute to determining how much a diamond will cost are the four C’s; cut, color, carat and clarity. If you’re looking for a diamond engagement ring, this stuff matters.
A diamond’s cut is a style guide that is used when polishing the stone rather than its actual shape. The symmetry, proportions and brilliance of a diamond can have an impact on the brilliance of the stone and therefore its ability to sparkle.
The color of a diamond can have a huge impact on its cost, with a diamond’s lack of color often making it more valuable. However, it’s not just the colorless stones that are highly prized. Diamonds that possess great depth of color are some of the most expensive stones on the market. These stones are known as “patterned” or “colored diamonds”.
The size and weight of a diamond is a major contributor to its cost. Diamonds are measured in “carats,” an ancient unit of measurement that was once used to derive the seeds of a carob tree. One carat is divided into 100 points, diamonds weighing less than 1 carat are often referred to as “pointers”. A diamond is usually valued by carat.
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The clarity of a diamond refers to its imperfections or lack thereof. Imperfections are also known as “inclusions”, they occur during the crystallization process. While usually not visible to the naked eye, inclusions usually appear as small cracks or tiny spots of black carbon. Inclusions are found on nearly every diamond on the market, and while they don’t detract from a diamond’s beauty, a flawless diamond with few or no inclusions will usually be more valuable.
Other factors that can determine the cost of a diamond are its shape; with brilliant cut, oval and heart the most precious. The fluorescence and rarity of a particular stone will also play a large part in their value. Some of the rarest types of diamonds in the world are fancy diamonds including black diamonds, blue diamonds, green diamonds, orange diamonds and pink diamonds. These types of diamonds usually come with a high price tag to reflect this.
Diamonds weighing less than a carat can range from 0.01 point to 0.99 point, so they will be graded accordingly, where the above factors including cut, color and clarity will also be taken into consideration. Theoretically speaking, you could pick up a pointer diamond for as little as $150 to $1000 AUD. However, a flawless diamond weighing approximately 0.50 carats could cost you upwards of $3000 AUD.
When buying a diamond, the main factor most buyers will consider is how many carats a diamond will have. Depending on their cut, color, clarity and shape, diamonds that are worth 100 points or 1 carat will usually range in price from $2000 to $12000 AUD. Please note that this amount refers only to the diamond itself and not to any additional features such as the setting or jewelry the diamond is in.
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On average, diamond buyers can expect to pay AUD $5500 to $60000 for a 2-carat diamond. This will vary greatly when you take into consideration the multiple factors discussed above. For example, this 2-carat diamond ring in 18k rose gold (pictured below) is priced much higher than many of the other 2-carat diamonds in Grahams collection because it measures higher on the color and clarity scale. .
While quite rare, you could potentially pick up a 3-carat diamond ring like this pear-shaped cluster diamond ring from Grahams for as little as $6000 AUD. Usually, 3 carat diamonds of the highest cut, color and clarity can range from $19000 to $100000 AUD. Some flawless diamonds certified by the GIA (Gemological Institute of America) can even exceed the AUD $150,000 mark.
Despite what some may lead you to believe, lab-grown diamonds ARE real diamonds. And so they will be priced according to the 4Cs, with one exception. Unlike their natural counterparts, man-made diamonds are not mined deep within the earth’s crust.
Instead, they are created in a laboratory under very controlled circumstances. Lab-grown diamonds don’t require the same labor or heavy, expensive machinery used to recover natural diamonds and that’s why they’re slightly cheaper. According to diamond experts, man-made stones cost about 30 percent less than their natural counterparts, which is a big win for anyone looking for an exquisite gemstone without breaking the bank.
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Diamond traders have used the same guide to value their stones since the early 1970s. Known as the Rappaport List, it is a weekly publication that breaks down diamond prices into cut, color, carat and clarity. Prices shown are prices per carat in $100 increments. Rappaport list prices are generated by multiplying the price per carat by the size of the carat. Check out an example Rappaport diamond price list below!
Discover Grahams exquisite range of diamond rings, diamond bracelets, diamond pendants, diamond earrings and more in store at one of our five locations and online now. Explore the various finance plans offered through Afterpay, Zip, humm, Latitude Pay, Latitude Interest Free, and Laybuy. Get Free Shipping When You Spend $69 Or More In A Transaction.
5-carat diamonds can range in price from $50,000 to $150,000. They are priced per carat. Because of their exceptional carat weight, 5-carat diamonds have a tremendous ability to astonish anyone who looks at them.
A 2-carat piece of cushion-cut diamond is likely to cost between $5,000 and $20,000. However, it depends on the classification of the piece. A 2-carat cushion-cut diamond ring is considered a piece of luxury that justifies a high price. The diamond, mass of light, is not represented. Any figuration of this precise stone is below, next to reality. A loss. The figuration of the weight of the diamond? What the eye sees is not weight, it is volume, brilliance. A diamond appears much larger than its diameter by the play of brilliance of these facets.
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The diameter? The carat, a unit of measurement, measures weight and not diameter. A 1-carat diamond is not twice as large as a 0.50-carat diamond, only 25-30% larger (see table at right), but it costs more than twice as much. To help you better visualize the size of a diamond, we indicate in the table below the approximate diameter of a diamond (round brilliant shape) based on its carat weight.
In the Jewels section of our site, on each of the jewelery files (solitaires, rings, pendants and earrings), you will also find a carat comparator which will allow you to view the visual effect of a diamond set and worn (on a hand, a bust, one ear), according to its caliber and diameter.
Also note that the exact size of the diamond is always indicated on the GIA, HRD or IGI quality certificate. You can see the online copy of the certificate by clicking on “see certificate” of each diamond file in our certified diamond catalogue.
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A diamond, large or small, does not weigh much, but it is the factor that “weighs” the most on the price. That’s why in our diamond catalog we start with weight and a price range, and then refine the other criteria.
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There is no single
