The Man Made Diamonds

The price of most items is determined by cost of raw material plus the expenses for making and marketing it to which the manufacturers add their profit. Unfortunately, it’s not that simple in case of diamonds.

The costing of diamonds takes into consideration a lot many factors. It includes the cost of rough diamond to which is added the cost of cutting it and other expenses incurred for converting the rough diamond to a marketable commodity.

There are certified agencies entrusted with assessing the cost of diamonds. However, the four essential features that determine the cost of any diamond are its 4C’s- Color, Cut, Clarity and Carat or weight.

Every time a diamond changes hands, its cost goes up. Here are the few hands thru which it passes: from mine to cutter to polisher to the grading company that decides its price and then to the primary market. From there it goes to the wholesalers, and then to the dealers. Finally it lands up with retailer who adds his profit before selling to consumers.

It’s not difficult to assess that the fewer the number of hands thru which it passes, the lower will be its cost.  But, its cost is different from its value. Value is decided in the market place by how much it sells for, of course thru a dealer.

Should you decide to have assessment of diamonds that you owe, you may not get its factual assessment in the market and you would better entrust that to GIA- Gemological Institute of America and get a formal certificate from there. The certificate enables you to know the worth of your diamond by using cutter’s guide.

Then, you get diamond price calculators too. You can find one on the Internet. Diamond dealers often use the same calculator. However, you should understand that the deciding criterion for its price comprises of its 4 C’s, meaning clarity, cut, color and carat or its weight. Diamond Grade Report takes into consideration these 4C’s.

Let it be clear that Diamond Grading Report is the most reliable mean of assessing the worth of your diamonds. The information it provides helps you to make a fairly accurate assessment of its price with the help of one of the guides that are used by the industry.

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