Actually, the price of a diamond is calculated by a grading system that takes into account all the four C’s noted already. Gemological Institute of America (GIA), a non-profit organization, has formulated an officially recognized system for grading of diamonds.
As a result, a large diamond may work out cheaper than a smaller diamond, size or carat being just one of the parameters or one of the four C’s. The system takes into consideration all the four parameters simultaneously. Over and above, the dealer also adds his profit and handling charges for arriving at the cost that the customer needs to pay.
Buying Diamonds Online
Internet offers a lot of education to buyers and tells them how to determine the cost of a diamond on knowing its four C’s. Moreover, for the benefit of customers, the cost of diamonds is regulated by industry guidelines. It implies that you can go for diamonds and gemstones online with the same kind of confidence as you would do, buying from a brick and mortar store dealing with these items. It’s understandable that gathering information on the subject better equips you to estimate the price you would pay for buying a piece of your choice.
Guide To Diamond Cost
Jewelers set their own prices for their items like gem stones, rings, and necklaces etc. The shape of any diamond matters to its cost. For instance a perfect “round” piece would generally cost more than an ”emerald” shape, though both may have the same quality and size.
Just to let you have an idea, for $500 you should get a diamond weighing .15 to .25 carat, duly set in 10-14k gold. With a budget of $500 to $750, you can expect a diamond of .20 to .37 carat. As a very crude thumb rule, expect to pay $2000 to $3500 for one carat diamond.
Getting The Most For Your Money
Apart from its size, you need to consider many other factors while buying a diamond. For instance, its shape and cut matters to decide its cost. A single large diamond could cost a lot more than a few small diamonds of more weight.
It’s not uncommon to come across a beautiful diamond available at affordable price, but it might have earned a poor rating from the GIA! Ultimately, you have to decide your priorities, whether it’s the cost, its size, or the GIA rating or how would it look on wearing.
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