Pricing most products is quite easy.
Determine how much it costs to make the
item, how much it costs to market that item,
and then mark it up by 15 – 30% or more.
Simple, right? Well, pricing diamonds isn’t
quite that simple. There are many factors
that are considered when diamonds are
priced.
Diamond prices are determined first by
adding the cost of the rough diamond, the
cost of cutting the diamond, and all other
costs necessary to turn the rough diamond
into a marketable diamond. Depending on
the importance of the diamond, an
independent company may be called in to
certify the grade of the diamond based on
color, cut, clarity, and weight.
At this point, the diamond becomes more
expensive each time it changes hands, until
it finally reaches a retailer, where the price is
raised a bit more. Before reaching the
retailer, however, the diamond must travel
from the mine, to the cutter and polisher, to
the independent grading company, and
then to the Primary market. Once it has
reached the primary market, it will be
purchased by diamond dealers and
wholesalers, and from there it will be sold
to retailers.
As you can see, the earlier you can buy
a diamond in the process, the lower the cost
of the diamond will be – but not the value.
The value is based on what the diamond will
sell for in the market location – through a retailer.
If you own a diamond, and you have no concept
how much it is worth, you can have it
appraised, but the appraisal may not be
accurate. You will be better off obtaining a
certificate through GIA – Gemological Institute
of America. With the information on this
certificate, you can use a cutter’s guide to
accurately determine what your diamond is
worth.
There are also many diamond price
calculators available. These can be found
on the Internet, and many diamond dealers
use these as well. You must realize, however,
that before you can accurately price a
diamond, without a Diamond Grade Report,
you need to know quite a bit about diamonds,
such as different cuts, clarity, color, and weight
– and how each of those aspects adds to the
value of a diamond, or decreases the value of
the diamond as the case may be.
Again, you will be better off if you get a
Diamond Grading Report on the diamond,
and use that information to look up the price
in one of the guides that the diamond cutting
industry uses. This will give you the most
accurate value of the diamond in your
possession, or of the diamond you are
considering purchasing.
About Diamond Clarity
Many people mistakenly think that diamond clarity refers to how clear it is. This isn’t so....
about-diamond-clarity.php
About Diamond Weights
However, in the far east, where Carob trees do not grow, rice was used to measure the weight of a...
about-diamond-weights.php
Are Diamonds Rare
For every 1 million diamonds that are mined, only one will be found that is a quality o...
are-diamonds-rare.php
Bonded Diamonds
First, bonded diamonds have a purchase back policy for the life of the diamond...
bonded-diamonds.php
Buying Diamonds Online
First, consider your reasons for wanting to purch...
buying-diamonds-online.php
Choosing Cut Of Diamond
The most popular cuts are heart, marquise, oval, pear, princess, round, trillion, & emeral...
choosing-cut-of-diamond.php
Colored Diamonds
Treatments like irradiation make it possible for mor...
colored-diamonds.php
Diamond Brands
Branding is actually based on who owns the diamond. For instance,...
diamond-brands.php
Diamond Certificates
With a diamond certificate, you can verify the color, cut, carat, weight, and clarity of the diamond. You don’t h...
diamond-certificates.php
Diamond Engagement Rings
First, determine how much ring you can afford. Most people use ...
diamond-engagement-rings.php
Diamond Grading
On the color grading scale, D, E, and F mean...
diamond-grading.php
Diamond Scams
A common scam that most jewelry stores participate in is the Carat Total Weight scam. The tag on the piece...
diamond-scams.php
Famous Diamonds
The Dresden Green stands out among the natural color...
famous-diamonds.php
Links Page
...
Links-Page.php
How Are Diamonds Cut
Diamonds are cut with saws, into round shapes. From th...
how-are-diamonds-cut.php
How Diamonds Are Mined
When pipe mining is used, the diamonds are extracted...
how-diamonds-are-mined.php
How To Care For Your Diamond
First, you should take your diamond jewelry to a jeweler once a year. Have him check the mountings &...
how-to-care-for-your-diamond.php
How To Clean Your Diamond
Want to keep that Brilliance and Shine? Diamonds require clea...
how-to-clean-your-diamond.php
How To Sell A Diamond
First, have the diamond appraised. In fact, have it appraised by 2 or three jewelers to get an accurate idea...
how-to-sell-a-diamond.php
How To Spot A Fake Diamond
First, only deal with reputable jewelers, and when you find a reputable jeweler, stick with them. Avoid buying diamo...
how-to-spot-a-fake-diamond.php
Insuring Your Diamond
The first type of insurance policies for diamonds is an Actual Cash Value policy. If the diamo...
insuring-your-diamond.php
Synthetic Diamonds
Although the technology for synthetic diamonds came into play in 1954, no syntheti...
synthetic-diamonds.php
What Are Dirty Diamonds
Diamonds become dirty. When you wash your hands with a diamond ring on, soap scum clings to it. When you put on hand lot...
what-are-dirty-diamonds.php
Where Diamonds Are Mined
Diavik is also owned by Rio Tinto, located in Canada it is a very large mine. It is located north of Yellowknife...
where-diamonds-are-mined.php
Blood Diamonds Conflict Diamonds
Blood diamonds, sometimes also referred to as conflict diamonds, are mined in wartorn African ...
blood-diamonds-conflict-diamonds.php
DiamondPartners
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DiamondPartners.php