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New Articles
7 Gem cutting - how it has changed over the years (50% of the original rough diamond is lost during
How does a lump of mineral or crystal become a dazzling diamond, ruby or sapphire? It's an amazing process called gem cutting or lapidary and makes all the difference in the final value of the stone. It was developed first in Venice in the...

Diamond Carat
What is Diamond Carat Weight? When shopping for a diamond, you've no doubt heard references to the 4 C's of diamonds. Diamond carat is one of those popular "c's" to consider when evaluating a diamond, and it's a term used to describe...


Home:
How Diamond Prices Are Determined



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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 purchase
a diamond in the process, the lower the cost
of the diamond will be -


Today's Article

10 Fluorescence
We're all familiar with the 4Cs of diamonds - cut, color, clarity and carat weight. But diamonds also possess a quality called fluorescence that's part of the evaluation and assessment of a diamond. It's actually called photo-luminescence...
but not the value.
The value is based on what the diamond will
sell for in the market place - through a retailer.

If you own a diamond, and you have no idea
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.

 

Today's #1 Resources

28 Victoria Transvaal Diamond
The Victoria-Transvaal is a 67.89-carat, brownish-yellow pear shaped stone. It was cut from a 240-carat crystal that was found in the Transvaal, South Africa. The first cutting produced a 75-carat 116-facet stone that measured 1 x 1³/8...

44 Quartz
While quartz is the most plentiful mineral on earth, it also provides endless fascination and beauty for experts and casual observers alike. It is found in nearly every geological environment and is at least a component of almost every...

 

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Diamonds worth 2.6 million dollars (2.1 million euros) have been stolen from the safe of a Namibian polishing company partly owned by diamond giant De Beers, an official said Wednesday.
Diamonds worth $2.6m have been stolen from the safe of a Namibian polishing company partly owned by diamond giant De Beers.
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