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Price determining is easy for many products available in the market. But it is not as easy as it would seem for diamonds. Diamonds are precious stones that cannot be evaluated on terms like manufacturing cost, retail cost, profit margin, etc. But it holds a different way for cost computation. Several factors need to be considered for diamond price. You can’t understand those factors until you are a pro or need assistance. So, with the help of a certified diamond calculator, you can solve the purpose. This would certainly help you compute a diamond’s value before you spend money to buy it. Let’s see below the factors that affect the cost of a diamond and how to calculate it.
Online diamond price calculator
Price computation for diamond jewelry is a crucial thing. You might be pretty excited about your big event. But it does not mean that you spend enormously on the jewelry. So, the best way is to use the online diamond value calculator. You can find this helpful tool online by visiting a professional jeweler’s site. For estimated calculation, you can input the details online for shape, carat, color, and clarity. You only have to select the properties of the diamond by clicking on the required value. After that, you can see the total cost of diamonds online by clicking on submit. This would give you a fair idea of how much you have to spend on a specific diamond choice.
Factors that influence the diamond cost
Shape
The shape of the diamond is what you want to look at while wearing it on your finger. Diamonds are available in various shapes, making them versatile stones to admire for years. Therefore, you can find it in the round, oval, emerald, princess, heart, radiant, marquise, etc. Although, the most popular shape is the round brilliant cut which is considered by most engagement couples. This shape has the excellent fire and brilliance that makes the diamond worthy. Moreover, the shape of the diamond also represents its cut which is one of the 4Cs. However, the GIA grade is only authentic for the round cut of the diamond. So, it could be an expensive choice when it comes to selecting an excellent diamond.
Colour
Diamond color is another influencing aspect while calculating its price. Do you know that a diamond is considered the best and is colorless? However, diamonds come in naturally occurring colors such as yellow, gray, brown, and pink. Diamond evaluation is mainly dependent on the absence of diamond color. It is certified by professional jewelers, and the tone of the ring can appear in its color. Simply put, color is the important characteristic that defines the beauty of the diamond. You can select color grading while using an online diamond calculator. Therefore, you need to select the right grade of color ranging from D to Z. D is the colorless diamond grading, so it would cost you more. D to J grading considers near colorless properties of diamond. Afterward, you can find diamonds with faint to colored tones.
Clarity
Like humans, diamonds also have birthmarks! Yes, it is a fact to believe since diamonds form deep in the earth. So, they do have internal inclusions and external blemishes. These marks represent the clarity of diamonds that need to determine while value calculation. The international grading system of diamond clarity from FL to I where FL is flawless and I is included inclusions. This clarity grade determines the cost of diamonds from low to high. However, inclusions might not be noticed by the naked eye. So, an expert jeweler can notice them with a magnifier glass. See below the grading of clarity to compute the diamond price.
Flawless (FL)
Diamond with no inclusions or blemishes would hold a higher price value.
Internally Flawless (IF)
This represents the diamond with no internal inclusions but some external blemishes that can be noticed with magnification.
VVS1 and VVS2
This grade is used for rarely slight inclusions in the diamond that are harder to notice by a skilled grader with magnification.
VS1 and VS2
These inclusions can be noticed slightly by the expert using a 10x magnifier.
SI1 and SI2
A skilled grader can quickly notice internal inclusion in diamonds with these clarity features.
I1, I2, and I3
With these grades, inclusions are possibly visible to experts, which can affect the flare and sparkle of the diamond.
Thus, you can see the clarity grades of diamonds that you must select while using the calculator. These grades will range from low to high, determining the diamond’s cost. You would likely be recommended for diamonds to buy up to VS1 grade. But, if inclusions have nothing for you to concern, you can choose a diamond with an I1 grade. You can grab these diamonds at major cost differences from upper grades.
Carat
Carat is the specific unit that determines the weight of diamonds. A single carat diamond would weigh 200 milligrams. Thus, 5 carats of diamond would weight 1 gram. This is the real fact that people usually consider carat weight with diamond size. But this is not the case at all since there are other factors too. For instance, the cut of the diamond also plays a pivotal role in determining its carat weight. You can also see carat weight difference between 1 and 2-carat diamonds that could have different prices. Suppose, 1 carat diamond has a diameter of 6.5 mm. So, would you expect that a 2-carat diamond will have a 13mm diameter? But this is impossible because the carat weight would determine the weight, not the diamond’s size.
Certification
This is another important thing to consider while computing the cost of diamonds. Certification is the 5th C that cannot be ignored while considering the cost of diamonds. You must check whether the diamond you buy is certified and delivered by a reputed jeweler. Certified diamonds have real value when it comes to using them as an investment. There are also synthetic diamonds that you can consider if you have a small budget. These are lab-grown diamonds that could have the same sparkle as natural ones.
To sum up
A diamond calculator can ease your dilemma on how much you should spend on a diamond ring. It protects all the elements you need to consider while buying the ring. You can pay anywhere from hundreds to thousands of dollars on jewelry. This is your preference to make a selection accordingly. But you must visit reputable jewelers to get quality diamonds.
