The diamond is incomparable in the hierarchy of gems. Its elegance has been revered since its discovery.
As a buyer of diamonds for engagement rings, whether past, present or future, one may wonder why there is such variation in price from store to store. What characteristics constitute a $5,000 diamond versus one that costs only $500?
The physical weight of a diamond is referred to as its “carat”. The value of a diamond is directly proportional to its size. The larger the diamond, the more valuable it is, because larger diamonds are less common. Greater size makes the diamond more spectacular, and therefore increases the purchase price.
Carat size may push the price up, but only slightly if there is no clarity. Several facets determine clarity on both an internal and external basis. Internal aspects, dubbed inclusions, and external aspects, dubbed blemishes, all contribute to the overall clarity score.
The number of inclusions as well as their size and tint all factor into the overall clarity score, as do the number and size of surface blemishes. A flawless diamond is at the top end of the clarity scale, referred to as ‘pure’. An inexpensive diamond may carry with it the classification of ‘heavily included’.
The appearance or absence of these imperfections is a result of how the diamond was formed underground over thousands of years. Since diamonds are often thought of as the symbol of perfection in our society, the more perfect they actually are under the scrutiny of a microscope, the more expensive they become.
Color is the next element that affects price. Although clarity is important, there are special cases where under certain conditions underground a diamond may have taken on a certain coloration that actually increases its value.
The color of a diamond ranges from “D,” which is a complete lack of color, to “Z,” which is depicts a very noticable coloration. Diamonds are priced highly if they are deeply colored or are exceptionally clear. Hazy, off-colored diamonds are not considered a favorable item, so they are priced lower.
The cost of a diamond is also determined by one final factor, the cut. The cut of a diamond gives it the ability to glitter by reflecting the light back out in very precise ways.
A diamond that sparkles and glitters can be said to have ‘fire’. The actual rating system uses common words like good, average, and irregular. The bottom line though is if you want your diamond to sparkle even in dim light, then you need to make sure the cut is impeccable, and that will cost you more money.
So there you have it, the 4 C’s of choosing a diamond: carat, clarity, color and cut. Understanding these basic concepts before you enter a diamond store will go a long way towards making an astute purchase decision.
