Shopping for loose or pre-set diamonds, such as those in engagement rings, is best done with a little money, a little patience and a lot of knowledge. Although it’s not necessary to obtain a certificate in gemology, it is in your best interest to spend some time learning the basics of diamonds. You will especially want to pay particular attention to how diamonds are priced.
Retailers who offer loose diamonds for sale determine their selling price based on several variables. One of these variables includes the quality of the diamond. Other variables include details that have very little to do with the diamond itself such as the market conditions and of course, supply and demand. Although the market potion of diamond pricing is out of our control, learning how to determine the quality of a diamond is within our grasp.
You’ve probably heard of the four Cs when it comes to purchasing loose diamonds or pre-set engagement rings. Along with these four Cs, you will also need to take into consideration additional features of the diamond such as shape and general grading of loose diamonds.
The all-important four Cs of diamonds are the cut, color, clarity and carat. The cut refers to the optical properties of the diamond while the color is used to classify the stone. The less color or more clarity, the better. The clarity has an enormous impact on the price of a diamond. Clarity refers to the type, number and location of inclusions it has while the carat refers directly to the weight of the diamond.
Aside from the four Cs, gemologists also determine the price of diamonds by their table width. This is the percentage of the average width of the stone’s gidle. You will also need to learn about the total depth of the stone, which takes into account the diamond’s amount of brilliance. Having a little information on other diamond aspects such as the culet, pavilion, symmetry, fluorescence and polish will also help to determine a fair price for your diamond.
You may want to pay particular attention to the symmetry and polish of any loose diamonds you are considering. The symmetry and polish are used to grade a diamond and range from Excellent to poor. When you look at various loose diamonds, you should see ratings that include excellent, very good, good, fair and poor. The polish of a diamond is rated in the same way as the symmetry and is a valuable resource on a GIA report.
Although the price of loose diamonds for sale change on a constant basis, having knowledge on how diamonds are priced will help you to get a better quality diamond and ensure you get what you pay for. Once again, it is important to remember that the price of diamonds change constantly according to the market as well as the individual qualities of the stone.
When you’re looking to compare prices of loose diamonds, you may find charts, such as the one listed below, quite helpful. This chart is only an example of how much the qualities of the same size and cut of loose diamond effect the price.