There are several factors influencing the price of diamonds. These include carats, quality, grading, cut, clarity, color and many more. As the carat weight increases, the prices will exponentially grow as well. Then, a round shaped diamond is more expensive than a “Princess” cut diamond. Availability, demand and rarity are so further factors that will greatly influence the pricing of diamonds.
Using online diamond price calculators
Before buying or selling diamonds, it is highly advisable that you will check its price estimate using an online reputable calculator. There are many such quick calculators offered by highly trustworthy, professional Jewelry sites. So how are prices calculated here?
A comprehensive calculator will tell you the wholesale price of your diamond, based on several factors such as:
The shape of the diamond- Princess, Marquise, Pear, Oval, Emerald, Cushion, etc. You just need to select the appropriate shape.
The carat weight- if you already know that carat weight of the diamond you want to sell or buy, simply enter the details into the calculator (e.g. 0.5, 0.97, 1.72, etc.)
The color scale- usually displayed in the certificate of the diamond- Diamonds are Colorless, Near Colorless, Faint Yellow, Very light Yellow, or Fancy Yellow for example. The higher the clarity of the diamond, the more expensive it will be.
Diamond Certification- simply enter details pertaining to the issuing party of the certificate- e.g. GIA Lab, EGS Lab, and so on.
Now, considering you have a 0.5 Princess cut diamond, which is near colorless, with a VVS1 clarity scale, you will pay for it approximately $1,500. Or, this is the price you can obtain for the particular diamond if you want to sell.
It is also important to mention that color and clarity affect much more the price of the diamond than its cut.
Always get an expert opinion
Using online calculators to see the price of a diamond is only for estimate purposes. The best thing to do is get an expert opinion on the market value of a certain piece of jewelry with diamonds. Regardless of whether you want to buy or sell, you should always get a professional evaluation of the diamond.
The best experts in the field have developed some truly precise standards that will allow them to grade diamonds and ultimately determine their market value. You are also welcome to check out any educational and informational resources available on diamond pricing, or diamond grading online, but you should not base your buying or selling decision only on such information.
Diamonds are extremely valuable natural resources, and their price is influenced by so many factors. You need to avoid underselling your precious piece of jewelry, and you also need to avoid the risk of overpaying for one.
It happens quite often that people sell a “clarity enhanced” diamond for the price of an unaltered diamond. However, an expert is instantly able to tell you if the original structure of the stone has been altered in any way, because that would immediately decrease its market value.