Category Archives: Valuing Diamonds

Diamond Rings – Which is Better: A Larger Diamond Size or a Clearer Diamond?

Posted on Oct 28,2014

There are four basic parameters that diamond buyers must take into consideration when choosing a diamond, these are: cut, clarity, color, and carat weight. While all these factors affect a diamond’s appearance, most people don’t mind sacrificing one or two qualities in exchange for a bigger diamond.

For instance, some buyers might not mind a diamond that shows a visible tinge of color as long as it is bigger in size. However, when it comes to clarity vs. carat weight, the decision might be harder to make. This is because visible inclusions can tarnish a diamond’s overall appeal especially if it is a big stone.

When cutting diamonds, diamond cutters try their best to conceal any inclusions and blemishes. Inclusions are tiny defects or imperfections found inside the diamond. Some diamonds might also have some imperfections on the surface; these are called blemishes. Both inclusions and blemishes affect a diamond’s brilliance (i.e. how much light they reflect).

When it comes to diamond clarity, the size, number, and position of inclusions are all taken into consideration and affect a diamond’s value. This is why diamond cutters make it a point to hide them in strategic areas like the girdle or under the facets in the bezel where they won’t do much to affect a diamond’s visible appearance.

How Much Clarity Can You Sacrifice for Carat Weight?

If there were no budget constraints, anyone would be happy to receive a flawless diamond that is bigger than 1 or 2 carats in size but since diamonds in the flawless range can be incredibly expensive, sacrifices must be made to suit one’s budget.

Ideally, you shouldn’t settle for a diamond lower than VS2 (very slightly included). Diamonds in the VS1 to VS2 range normally have several inclusions that are visible under 10x magnification. Since you won’t be staring at your diamond under a magnifying glass all the time anyway, you’ll hardly notice the existence of these inclusions at all. It usually requires a skilled observer to view these inclusions even with magnification. Most diamonds sold in the market are of the VS1 to VS2 range.

However, if you are very particular about clarity, you might want to go a little higher by getting a diamond from the VVS1 to VVS2  (very, very slightly included) range. Diamonds in this range often appear flawless to the naked eye and even under 10x magnification, only a skilled observer should be able to notice the inclusions.

If you prefer a bigger carat size and you don’t mind sacrificing a bit of clarity to get the size you want, diamonds in the SI1 range should be ideal. Diamonds in this range have inclusions that may be visible upon close inspection even without magnification but the defects aren’t severe enough to affect the diamond’s overall appearance.

If size is your priority and your goal is a diamond that is bigger than 1 carat, a clarity value of SI1 should be your limit. This is because diamonds in the SI2 range tend to have visible inclusions for stones that are 1 carat and above. SI2 clarity is only ideal for stones that are less than 1 carat in size.

You should keep in mind that inclusions become mush more visible the bigger the diamond is. This is why it’s challenging to get a good balance between clarity and carat weight.

Most diamonds in the market are priced on a per-carat basis. The price of diamonds that are of the same cut, clarity, and color tend to double as you go up a carat. If for instance, the price of a diamond is $2,000 per carat, then you should expect to have to pay $4,000 for a 2-carat diamond of the same quality.

It’s okay to sacrifice clarity for carat weight just as long as you still find a good balance between the two. Diamonds, after all, are meant to be admired and it would be a shame if you cannot fully appreciate its beauty because you sacrificed too much clarity for size.

On the other hand, clarity is still a subjective matter. So if you do not mind a lower clarity range, then by all means go for that bigger stone. It’s your diamond to enjoy after all.

Posted in  Buying a Diamond, Cash for Diamonds, Diamond Colors, Diamond Cuts, Valuing Diamonds |   Tagged 

 

Guide to Black Diamond Rings – Costs, Styles, & Sizes

Posted on Oct 25,2014

Natural black diamonds are extremely rare and are only found in two places in the world, Brazil and the Central African Republic. As such, most black diamonds used for jewelry are heat-treated low-grade colorless diamonds.

The color of natural black diamonds is either black or dark grey and is caused by graphite inclusions in the stone. Black diamonds are the toughest natural diamonds and they are usually denser than colorless diamonds. Natural black diamonds are porous and are made up of millions of small crystals stuck together. Due to its composition, it is a lot more difficult to cut into different shapes compared to other diamonds.

Unlike colorless diamonds and other fancy color diamonds, black diamonds absorb light instead of reflecting it. Due to the unique appearance of the stone, more and more people are choosing to buy black diamond rings over traditional colorless diamond rings.

Costs of Black Diamond Rings

There is a lot of mystery surrounding the formation of black diamonds; some theories state that black diamonds or carbonados come from outer space as a result of a supernova whereas others believe that black diamonds were formed by meteoritic impact on the surface of the earth. The most common theory, however, is that black diamonds are formed in the earth’s interior under extreme high-pressure and heat.

Regardless of the actual formation of natural black diamonds, these theories have a hand in increasing the price of black diamonds in the market.  Due to large interest in the mysteries surrounding the black diamond, there has also been an increase in the demand for natural black diamonds in the market.

Lab-treated black diamonds (those that are heat-treated through irradiation to change the color to black) are generally cheaper than colorless diamonds because they are usually made from low-grade colorless diamonds. The prices of lab-treated black diamond rings typically start at $1400 if the quality of the stone is relatively decent.

Natural black diamonds, known as fancy black diamonds, are generally very expensive because they are extremely rare. Price is determined by the intensity of the color, the absence of white inclusions in the stone, and the stone shape. The price for the average fancy black diamond typically starts at $2000 to $2500 per carat. Due to the difficulty of the cutting process, larger black diamond rings are a lot more expensive than smaller stones. For instance, a 3-carat fancy black diamond can cost over $8000 whereas a 9-carat stone can cost over $27000 without the ring setting.

Natural black diamonds typically have dark brown edges when viewed under a fiber optic light whereas black diamonds treated through irradiation appear dark green under the same light. It’s a quick way to determine whether a black diamond is natural or treated.

Styles of Black Diamond Rings

Black diamond rings come in a wide-range of styles. The unique, dark color of the stone makes it suitable for experimenting with different settings.

For instance, a growing trend in the jewelry market is setting a black diamond (whether natural or irradiated) in a tungsten ring band. Since both are black, they complement each other quite nicely. For a bit of contrast, small white diamonds are added as accent stones or a white gold or platinum stone setting is used to create contrast against the tungsten band.

It’s also fairly common to set a round black diamond in a halo and pave setting with small white diamonds as accent stones. Since black goes better with white, the most common material used for black diamond rings are silver, white gold, and platinum.

Rose gold and yellow gold are also used but they are relatively rare because the color of the stone clashes with the color of the metal.

Style is, of course, subjective so it’s up to you to decide which metal is suitable for a black diamond ring. While there is certainly a lot of interesting black diamond rings in the market, custom rings are always an option if you can’t find one that suits your taste.

Sizes

Black diamond rings come in standard ring sizes. In the US and Canada, the standard ring sizes come in sizes 5 to 13. In the UK and in other countries, different sizing values are used so it’s best to measure your ring size in inches or centimeters so you can easily convert to its equivalent size in the country where you are purchasing the ring.

You can obtain the size of your ring finger either by using a standard ring size chart or by wrapping your ring finger in a piece of paper or string and manually measuring the length with a ruler.

If you are buying for someone else, it’s best to just discreetly borrow a ring from that person so you can use it for sizing when you buy the black diamond ring. Don’t worry if you don’t get the size right, as most jewelers offer resizing services for free if you purchase the ring from them.

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Diamond Quality Chart & Guide – What Affects the Value of a Diamond?

Posted on Aug 21,2014

Even when taken from the same rough stone, no two diamonds are the same. Each diamond has unique characteristics that determine whether it is a cut above or below the rest.

There are several factors that affect the value of a diamond but gemologists worldwide have come up with a common system to easily determine a diamond’s grade and value. This grading system is known as the 4Cs of a diamond. How a diamond fares based on the parameters of cut, color, clarity, and carat affects its overall value (not just monetary value but consumer demand as well).

Rarity

Rarity greatly influences the value of a diamond to a jeweler or a consumer. While diamonds come in almost every color of the rainbow, the most common diamonds available in the market are those that show a bit of a yellow tinge. As such, diamonds that are colorless (i.e. those in the D to F color grade) are greatly valued because they are more rare than diamonds in lower color grades.

Black diamonds are also very rare; so rare in fact that most black diamonds available in the market aren’t natural black diamonds but lab-treated diamonds (usually those from lower color grades). Due to their rarity, they are very expensive.

Cut

Every diamond expert or jeweler always emphasizes the importance of cut in a diamond. It is one of the most important factors that can affect a diamond’s value. Even the most flawless of diamonds can be dull and lifeless if cut in the wrong way. As such, a diamond cutter needs to be very careful and precise during the cutting process, as the slightest mistake in cut can affect the overall value of a diamond.

A well-cut diamond will have maximum fire and brilliance, as it is able to reflect most of the light to the crown or the surface of the diamond for the viewer to enjoy. A poorly cut diamond, on the other hand, will allow most of the light to escape from the bottom or the sides of a diamond and will have a very dull and lifeless appearance when viewed from the crown. To achieve the ideal fire, brilliance, and scintillation, a diamond has to have symmetrical facets and should not be cut too deep or too shallow. In other words, it should be perfect and precise.

Clarity

Most diamonds have natural defects within them called inclusions. As they are buried deep in the ground, inclusions are inevitable. However, there are some diamonds that either come with very few inclusions or none at all. Diamonds with very few or no inclusions are very rare and as such, are very valuable and expensive. Inclusions don’t only affect how flawless a diamond looks but it can also affect how the light bounces on the facets when it enters the diamond. Inclusions can therefore affect how much light is reflected on the surface of a diamond.

When valuing a diamond based on clarity, valuation experts don’t only look at the number of inclusions in the diamond but as well as their location and visibility. Inclusions located in places that aren’t visible to the naked eye (i.e. the girdle or under the bezel) are acceptable because they don’t affect the way light is reflected by the facets in a diamond.

Color

In majority of diamonds (except fancy color diamonds), color means the absence of a yellow tinge in the diamond. Colorless diamonds (i.e. those in the D to F color grade) are priced very high. However, color is subjective and some people don’t mind a bit of a yellow tinge as long as it is a well-cut diamond.

Since the demand for colorless diamonds is higher than those that exhibit a visible color even without magnification, diamonds are considered more valuable the higher they are in the diamond color scale.

Fancy color diamonds, on the other hand, are valued for the presence of color in them. Highly saturated fancy color diamonds are very valuable because of the vibrancy of color in them.

Some fancy color diamonds are very rare (i.e. black diamonds, blue diamonds). To make up for the lack of supply, many gem laboratories subject a low-grade colorless diamond to heat and pressure treatment to enhance the color of a diamond or to change its color into a fancy color. Lab treated diamonds are of course cheaper than naturally colored diamonds.

Carat

Carat refers to the weight of a diamond. The higher the carat weight, the more expensive the diamond. This is because larger diamonds yield more waste when cut from the rough stone compared to smaller diamonds. Diamond size is measured in mm and weight is measured in carats (1 carat is roughly 0.02 grams). Many people prioritize carat weight over cut quality but to get a truly beautiful stone, it is important to look for a balance of carat size and cut quality.  While a diamond’s value greatly increases the bigger it is, large diamonds that are lower in the color and clarity grade are generally priced lower than smaller diamonds that are well cut, colorless, and flawless.

There are many other technical factors that affect the value of a diamond but the aforementioned factors are the most important. The 4Cs of valuing a diamond are universally used as these parameters make it easier for gemologists, jewelers, and consumers to find out how valuable a diamond is.

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Vintage Engagement Rings – Your Guide to Classic Diamond Rings

Posted on Aug 13,2014

Vintage engagement rings are prized not only for the stone and the metal used on the setting but also the intricacy of its design. Vintage engagement rings feature some of the most elaborate settings that the band is sometimes as valuable for the wearer as the stone. Carefully handcrafted by jewelry artisans of decades past, vintage engagement rings (whether they’re from as far back as the 1800s, the 1920s, or the 1960s) are a testament to the talent and craftsmanship of the artist. Of course, the older the engagement ring, the more buyers usually value it. As such, authentic vintage engagement rings from a particular period can be hard to come by.

Authenticity

There are generally two types of buyers of vintage engagement rings: those that value the ring for its past history and those that value the ring for the design alone. Of course, some people also value both. If you are interested in buying a vintage engagement ring, the first thing that you have to decide on is whether you want an engagement ring from a particular period or you want a reproduction of the design of a particular period. If you’re after authenticity, then you have to look in a lot of different places to find the ring you want but if you only want a reproduction of a particular design, then you can have virtually any ring from any period reproduced by a talented jeweler. Although, the intricacy of the design and detailing may pose a challenge for many, depending on your chosen design.

If you are intent on proposing with an authentic vintage engagement ring from a particular period, then the following tips might prove useful to you in your search for the perfect ring:

Period of Origin

When shopping for vintage engagement rings, it might be easier if you focus on one particular period. While some don’t really have a preference just as long as the ring is an antique and is aesthetically pleasing in design, others are more particular about the period the ring is from. Does your partner have a particular preference?

The most common inspirations for vintage engagement rings are the Victorian period (mid to late 1800s; rose gold was widely used in this era; popular cuts include the old European cut and antique cushion cut), Edwardian period (notable for the use of platinum as the base metal; popular cuts include the rose cut and the old European cut), the art deco period (from 1920s to 1940s, notable for its art deco and filigree designs; white gold has become a common material for rings; popular cuts included the round brilliant and old European cut), and the retro period (1930s to 1960s; wedding bands were typically designed to match the engagement ring).

Price

It is a common misconception among many first-time vintage jewelry buyers that vintage engagement rings are more expensive than modern ones.  Unless the ring had an important past and had very valuable components, vintage rings aren’t necessarily more expensive. Price depends on the physical aspects of the ring (i.e. the current state of the stones and the band, the presence of visible damages). While most vintage jewelry sellers will have restored the ring as much to its former glory as possible, any damages can still have a big impact on the price. More often than not, going vintage is a much more cost-effective option when buying an engagement ring. Plus, you get to enjoy the craftsmanship of a particular period in history.

Quality and Durability

Authentic vintage engagement rings that still carry all the stones from the original ring are a testament to its craftsmanship. When buying a vintage engagement ring, it’s important to ask the seller beforehand if any of the stones on the ring have been replaced. Engagement rings that carry multiple stones might not always withstand the test of time. As such, jewelers sometimes replace missing or damaged stones from the original ring. In some occasions, only the band is kept and the stones are replaced with new ones.

If the ring you are buying is from the Victorian era or the Edwardian era, it’s extremely important to make sure of its durability because of its old age. Although, stones from the Edwardian era are said to be superior when it comes to cut and durability.

Ring Setting                                                                                         

Vintage engagement rings are highly notable for the intricacy of their settings. Since some of the settings are really delicate, it’s important to check the stones on the ring. If any of the stones seem loose or can easily be dislodged with your finger, it probably won’t withstand too much use anymore.

Ring Size

Not all vintage engagement rings can be resized without affecting the original design. The really intricate ones can cost a fortune to resize, especially if you need to add more material to the ring to make it bigger. Ensuring that the detailing and the metal are similar can be difficult for modern jewelry makers so you have to make sure to get the size right or at least make sure that it is possible to have it resized. You can also ask for a quote for resizing ahead of your purchase to ensure that you stay within budget.

The Stone

Most importantly, examine the stone (or stones) carefully and decide whether it is something you really want to keep. It is important to remember that cutting methods have significantly evolved over the years. Improving the cutting process has made it possible to maximize the fire, brilliance, and scintillation of modern diamonds. Vintage diamonds, however, tend to be less sparkly than their modern counterparts.

When shopping for a vintage engagement ring, you can’t rely too much on what it says on paper about the diamond’s cut, clarity, color, and carat weight because there were different cutting standards in the past. Also, it can be difficult to find a vintage engagement ring with a proper certificate. While you can have it evaluated yourself, you should still keep in mind that you should set different standards when it comes to a diamond’s 4Cs.

Make sure to have the ring appraised before buying. You can bring a diamond valuation expert with you to a store to ensure that you are getting what you are paying for. You can also choose to have the ring appraised after purchase, just make sure the store has a reasonable return policy.

When choosing a vintage engagement ring, it’s really all about personal preference and how you feel about the ring. Whether you are choosing it with your partner or buying it as a surprise, the ring should represent the personality of the wearer.

Posted in  Buying a Diamond, Valuing Diamonds |   Tagged 

 

Diamond Grade Chart – Grading Diamonds for their Value Using the 4C’s

Posted on Aug 04,2014

A diamond’s grade is often what determines its price and value. Most diamonds sold in jewelry stores and online stores come with a diamond grading report that illustrates its qualities and specifications. Larger, higher-grade diamonds typically come with a grading report from a reputable third party institute like the Gemological Institute of America (GIA), EGL, AGS, and others.

A diamond’s grade is determined by the 4Cs (cut, color, clarity, and carat weight). While there are other factors that can affect a diamond’s physical appearance and value, the four Cs of a diamond are the most important characteristics. As such, gemologists worldwide use these four parameters to determine the grade of most diamonds.




Diamond Grade Chart

Cut Grade

Chart of different Diamond Cuts

Chart of different Diamond Cuts

When buying a diamond, one of the most important factors you should consider is its cut grade. The cut determines a diamond’s physical appearance and as such, should be prioritized. Diamond cut is graded from excellent (provides maximized brilliance, reflects the most light back to the surface) to poor (most light escapes at the bottom or the sides of the diamond, providing little to no brilliance).  Below are the most important parameters that determine a diamond’s cut grade:

Cut Proportions

A diamond’s cut proportions affect the stone’s fire, brilliance, and scintillation. It is determined by how each facet in the diamond is angled, sized, and shaped. In a well-cut diamond, each facet is strategically placed so that the most amount of life is reflected out of the crown for the observer to enjoy. A poorly cut diamond (i.e. too shallow or too deep) does not reflect much light because the facets allow the light to escape from the bottom or the sides instead of being reflected back to the observer’s eye.

Symmetry

As the term suggests, symmetry refers to how symmetrical the facets of each diamond are in relation to each other (i.e. how each facet aligns and intersects). A diamond’s symmetry is graded from excellent to poor.

Polish

Polish is determined by how smooth the facets are in a diamond. A diamond with an excellent polish will not show any defects even under 10x magnification whereas a diamond with poor polish will show defects even without magnification.

Other factors that determine a diamond’s cut grade include girdle width and culet size, which also affect a diamond’s brilliance and overall appearance.

Color Grade

In colorless diamonds, color grade refers to the amount or lack of color in a diamond. The more colorless a diamond, the higher its color grade. Colorless diamonds are more valuable than diamonds that show a yellow tinge.

Colorless diamonds in the D, E, and F color range are the most expensive of all.  Diamonds in the G to J range are still near colorless but there is about a 10% price difference in each color grade. Diamonds in the I and J color range have the most demand in the market because they are readily available and offer great value for money.

GIA Certification Color Grading Scale

GIA Certification Color Grading Scale

Clarity Grade

All diamonds contain inclusions  (defects or blemishes within the diamond). Inclusions can affect a diamond’s physical appearance, as it can interfere with the passage of light in the diamond, which in turn can affect the amount of light reflected back to the surface. A diamond’s clarity grade determines the amount of inclusions in the diamond. When grading a diamond, gemologists consider several factors including the position, size, and quantity of these inclusions under 10x magnification. Inclusions that are located in the girdle or under the bezel of a diamond is ideal because they are not visible and barely affects a diamond’s brilliance.

The GIA uses 11 categories for a diamond’s clarity these include: flawless (FL),  internally flawless(IF), very very slightly included (VVS1, VVS2), Very Slightly Included (VS1, VS2), Slightly Included (SI1, SI2), and Included (I1, I2, I3).

Brilliant cuts are more forgiving of inclusions because their facets are positioned in such a way as to maximize brilliance whereas other fancy cuts like the emerald cut and asscher cut (which are step cuts) are less forgiving of inclusions.

Diamond Clarity Grading Chart

Diamond Clarity Grading Chart

Carat

Of all the qualities of a diamond, the carat weight is probably one of the most important for most people. Diamonds can significantly increase in price and value the bigger it is. This is because rough stones that can produce a 1-carat diamond is rare. This is why price increases so much as you go up per carat.

It is worth noting, however, that carat refers to a diamond’s weight and not necessarily its size. The size of a diamond is determined by its diameter and crown size. This means that two diamonds of the same carat weight may not necessarily have the same physical size when viewed from the top. Its cut proportions determine the actual size of the diamond; carat weight merely refers to how heavy the diamond is. The length x width ratio of a diamond also determines how big it will appear once set in a ring.

Diamond Carat Size Chart

Diamond Carat Size Chart

All the characteristics mentioned above determine how valuable a diamond is and are therefore, dependent of each other. While no two diamonds are virtually the same, these parameters help jewelers and consumers determine the price and value of a diamond.

Posted in  Diamond Colors, Diamond Cuts, Valuing Diamonds |   Tagged 

 

What is a Radiant Cut Diamond?

Posted on Jun 03,2014

Radiant Cut DiamondA radiant cut diamond, also known as a cut cornered modified brilliant, is a square or rectangular diamond with cropped corners. Radiant cut diamonds are famous for their fire and brilliance. It is the first square cut diamond that feature brilliant cut facets on the pavilion and crown. As such, it is recommended for those who want the brilliance of the classic round cut and the unique shape of the asscher cut or emerald cut.  Whereas an emerald cut is notable for its long lines, a radiant cut is more faceted to maximize fire and brilliance.

Rectangular radiant cut diamonds sometimes display an effect called the “bow-tie” effect. This is common in elongated diamond shapes like pear, marquise, and oval. While some people prefer a more visible bow tie that runs through the middle of a diamond, the only way to ascertain its visibility is through close inspection of the stone.

Characteristics

Cut

Like the emerald cut, radiant cut diamonds can sometimes appear square or rectangular. The ideal length to width ration of a radiant cut depends entirely on personal preference, as some people may prefer a more elongated cut whereas others may prefer a square cut.

A perfect square radiant cut has a length-to-width ratio of 1.00 but anything that is less than 1.05 will still appear square to the naked eye. Those who prefer a more rectangular cut should look for a length-to-width ratio of 1.15 to 1.30. People who are looking for a diamond that has the appeal of both a princess cut and a cushion cut might find a square radiant cut a suitable option whereas those who like the rectangular shape of a classic emerald cut but want the brilliance of a round brilliant cut would find a rectangular cut a more suitable choice.

For a well-cut radiant cut diamond, look for a table percentage of 58% to 69% and a depth percentage of 59% to 67%.

Color

Radiant cut diamonds are known for maximizing color so it may show more color than other diamond types. If you prefer a colorless diamond, look for something within the D to F range but if you prefer a warmer diamond with a tinge of yellow, you can explore diamonds within the G to K range. Radiant cut diamonds within the S to Z range may sometimes be classified as fancy yellow depending on how much color is visible on the diamond. If you prefer a fancy yellow diamond, you can look for stones within that range.

Loose Radiant Cut DiamondClarity

Since radiant cut diamonds are brilliant cuts, flaws and inclusions aren’t as visible on them as they are on emerald cut diamonds or asscher cut diamonds. As such, those in the SI1 range are still considered very good even in 1-carat stones. However, for stones larger than 1.0 carat, a minimum clarity of VS2 is recommended.

Setting

Due to its fire and brilliance, a radiant cut diamond will look good in a solitaire setting but it can also look excellent with square cornered or rounded accent stones. While the setting entirely depends on preference, it is recommended that the diamond be set with a minimum of four prongs for safety.

While not nearly as popular as round brilliant cuts, radiant cut diamonds are just as stunning as they combine the elegant appeal of princess cut diamonds and emerald cut diamonds with the shine and sparkle of round brilliants.

Posted in  Types of Diamonds, Valuing Diamonds |   Tagged 

 

How Much Can I Sell My Diamond Ring for?

Posted on Apr 10,2014

Price is undoubtedly the most important factor for anyone who is in the process of selling a diamond. While diamonds are very valuable, there are many factors that affect their worth. Not all diamonds are equal; rarity and flawlessness are two of the most important factors that affect their price value. Below are some of the most important factors that determine a diamond’s monetary value:

The 4Cs

Anyone who’s every bought or sold a diamond knows about the 4cs (cut, color, clarity, and carat). These 4cs are the industry standard for grading diamonds and are used by jewelers and diamond buyers for determining how valuable a diamond is. Knowing these specifications will help you determine how much you can sell your diamond for.

Generally speaking, smaller diamonds are worth much less than bigger ones. For instance, you might be able to sell a diamond that weighs more than a carat much closer to its original retail value compared to a diamond that weighs less than 0.5 carats. This is because the price of diamonds can jump up the bigger they are but this does not mean that weight is the only factor that determines the price. Flawless diamonds are, of course, a lot more expensive and in demand; the more visible the inclusions in a diamond, the lesser its price value.

If you know your diamond’s exact specifications based on a GIA report or even a jeweler’s appraisal, you can easily determine its potential resale value. Although, GIA reports are much more accurate, you can still get an idea of your diamond’s worth based on a regular appraisal report.

Market Value or “Rap” Value

Most diamond buyers base a diamond’s price on Rapaport reports, as these reports set the price for diamonds. The pricing is also based on the 4cs and market prices. Since these reports are published weekly, if you want to get an accurate price for your diamond, checking out the most recent “Rap” value for your diamond is a must.

You can also check out diamond market prices online so you’ll know the best time to sell to get the highest price.

Buyer’s Price

Purchase offers for diamonds vary from buyer to buyer. If you sell to an individual, you might be able to get a better price if you know how to market your diamond properly but it can be difficult to find interested individuals for second hand diamond jewelry.

While they are the most accessible, pawnshops generally offer much lower prices than other buyers. Expect to get less than 40% of a diamond’s “Rap” value when selling to a pawnshop. You might be able to earn more for bigger stones but not by much.

Diamond buyers in general, offer about 50% to 70% of a diamond’s “Rap” value.  Most buyers also offer much more for diamond rings from big-name jewelers like Cartier and the like.

Online diamond buyers generally offer higher prices for diamond rings and other diamond jewelry because they have the expertise to value a diamond properly and they don’t have to maintain brick and mortar establishments like jewelers and pawnshops.

Posted in  Sell Diamond Rings, Valuing Diamonds |   Tagged 

 

How Much is My Engagement Ring Worth?

Posted on Apr 02,2014

diamond-ringMost people often want to know how much their engagement ring is worth regardless of whether they are planning on selling it or not. However, getting an accurate answer to this question is even more important if you have plans of selling it. The more information you know about the quality of your diamond engagement ring, the easier it would be for you to determine if you are getting a good price from a buyer.

There are many different factors that determine the value of a diamond engagement ring, the most important factors being the 4cs (Cut, Color, Clarity, and Carat) of a diamond. It is worth noting, however, that these are not the only factors that are taken into consideration when valuing an engagement ring especially if you want to determine how much its resale value will be. Listed below are some of the factors that determine the value of engagement rings:

Appraisal Value

If you have a GIA Report or an IGI certificate, it’ll be easier for you to determine what it is worth. However, if you don’t have a certificate, you might want to have it professionally appraised.

Even with a certificate, if you have a high-value diamond, you might still want to get a professional appraisal so that you have an idea of how much its resale value will be based on current market prices.

It is worth, noting, however that professional appraisals can cost a lot of money and they don’t always guarantee that you’ll get a good price for your diamond, as price offers still depend on the buyer. Buyers don’t always follow the appraisal report especially since some appraisals grade diamonds higher than their actual value. Professional appraisals are recommended for high-value diamonds to protect the interests of the seller.

Rapaport Value

Most diamond buyers make offers based on a diamond’s Rapaport value. Rapaport diamond reports set the industry standard of diamond prices for consumers. These reports are published weekly.

Buyers often offer about 50% to 60% of a diamond’s “Rap” value initially and just increase it from there. Pawnshops usually offer less than 40% of the “Rap Value”. Online diamond buyers offer the most but their purchase offer is based on both the “Rap” value as well as their own appraisal of the diamond. This is why getting your own appraisal for smaller diamonds don’t always pay off, as most buyers base their purchase on their own valuation of the diamond.

Brand

Brands can add a lot of value to a ring. Engagement rings bought from jewelers like Tiffany’s or Cartier can significantly raise the value of an engagement ring. Most dealers are willing to pay 70% or more of a ring’s value if it is from a big brand name.

Ring Setting

Since you’ll also be paid for the setting, you also have to take into account the market prices for precious metals. The value will be based not only on the weight and purity of the metal but its current state taking into account wear and tear if they are not going to melt the metal.

There are a lot of factors that influence the prices of diamond engagement rings, which is why it’s not always easy to get an estimate of how much you can sell it for. If you want to protect yourself and get a fair price when you sell your engagement ring, it’s best to do your research. It’s better if you have a GIA report or IGI certificate along with the most recent Rapaport report so you’ll know whether the price is right or not.

For more information on the pricing of engagement rings, along with reviews of online diamond buyers, check out our diamond selling page for more information.

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