They say buying diamonds has gotten significantly easier and rightly so! This is because those days when information pertaining to diamonds was limited are long gone. One can very easily log on the Internet and read about diamonds to know about them but most people do not do so prior to purchasing diamond jewelry, which is a big mistake.
It is important to realize that while diamond is one word, it is in fact, an umbrella term and buying it is not as simple as gold. Gold has a set price and carats and nobody can con you. The prices are updated daily according to the world gold market and can be searched on the Internet too. However, the prices of diamonds are not as uncomplicated as gold. Therefore, one really needs to have knowledge in order to buy quality diamond jewelry and ensure that the seller has given a justifiable price.
Gone are the days when buying diamond jewelry was as simple as heading to one’s favorite local diamond jewelry store and selecting an item. With the vast varieties and qualities available, one really has to be wise to choose the best quality. There are 4 main factors that make the price of the diamond; color, clarity, carat and weight. The rules are not very difficult to understand either. Let us begin with carat. The heavier the diamond i.e. the more carat it is, the more pricey it will be. A 0.5 carat diamond is going to be significantly cheaper than a one-carat diamond. Moreover, the price just does not double; in fact it multiplies many folds. For instance, a one carat diamond could be anywhere between $3000-5000 but a two carat could be up to $12000-15000. Similarly a four carat could literally be as expensive as $50,000 or even more depending on the color and clarity.
It is difficult to understand the color of the diamond but in simple words, the more colorless it is or the more it looks like plain ice, the more pricey it will be. One can always read up about the colors of diamonds in detail and discuss with the jeweler too.
The cut of the diamond also signifies the price of the diamond because it determines the beauty of the diamond. This means that if a diamond is cut to proportions and exactly angles, its beauty will be compromised. Some cuts are really rare and those diamonds are more expensive. For instance, a unique shape like a teardrop solitaire is supposed to be more expensive than other shapes. At the same time, a high carat circular diamond in a simple cut is also considered a pricey diamond.
Apart from the above-mentioned factors, the origin of the diamond also plays a significant role in the price of the diamond. For instance, diamonds from India are considered relatively cheaper than Belgium diamonds.
However, these are just the basics of buying diamond jewelry. If you are interested in buying a high quality diamond, which costs a lot, it is advised to get in touch with a gemologist who will be able to give you precisely the kind of information you require to make a wise and informed decision.