Estimating the Value of Loose Diamonds
Find out more about Loose Diamonds, including major steps of the Estimating process: Certification, Quality and Pricing. Having a comprehensive overview of 4 C's will provide you full understanding how to value loose diamonds, you are going to buy or sell.
Buying diamonds involves a lot of money. Keeping that in mind, it pays to know the various factors which go into estimating its value so that you don’t get ripped off.
Price of diamonds ranges differently depending on the place you are buying it: it can be antique shops, auction places, internet resources or pawn shops, which rank the diamonds to different raking systems. However, it is always interesting, complex and lucrative process, which will allow you not just to buy the diamonds you are willing to, however, acquire a lot of new information, useful for you like a customer and possibly a person, who has the passion to it.
This overwhelming process can turn you to the professional specialist, who can have a high- level conversation with the diamonds’ "business sharks", being proved his reputation and connection through the years.
There are 3 major steps you can go through planning to buy loose diamonds:<ul><li>Certification;</li><li>Quality (understanding of the 4C’s characteristics);</li><li>Pricing,</li></ul>the details of which you can find out further.
Please follow the above-mentioned tips to keep in mind when it comes to evaluating loose diamonds.
How It Can Be Evaluated?
For anyone, dealing with diamonds or going to acquire loose diamonds, it is necessarily to have basic ideas about its price for the correct evaluation of it. There are four main factors that go into its evaluation, which named 4 C’s, the details of which you can find out below.
<strong>Color</strong>Being one of the most valuable characteristics, a diamond’s color scale extends from D or colorless to Z or light yellow. While some folks think colorless diamonds signify superiority and high value, that’s not entirely true. That being said, colorless diamonds have extremely light tints of brown, yellow and gray tones, which are not visible. It ranges within various color grades that can be compared by viewing a chart that is provided by GIA (the Gemological Institute of America).
For instance, diamonds falling between D and F are named “colorless”, while those falling between G and J are “near-colorless”, between K and M are “faint”, between N and R can be considered as “very light”, and between S and Z are considered as “light.”
<strong>Clarity</strong>There’s no less than eleven grades that are used by the GIA Clarity Scale. They range from perfect to 13. Since diamonds are formed under excessive pressure and a tremendous amount of heat, it’s very difficult to find one that lacks some internal characteristics or is without being any imperfections. In accordance with clarity gradation, there are four categories VVS2, VS2, SI2, and I2, which should be paid attention to.
<strong>Cut</strong>The real sparkle of a diamond is its ability to reflect light: you should be aware that light reacts when it hits its surface, and how is the light perceived by the human eye along with how much of the light actually enters its surface. The diamond cut when done correctly, can show three important attributes, determining the value of the stone. New terms, which will you should aware of, understanding “cut” characteristic: “brightness,” which means a combination of white light that comes from the diamond.
The scatter of light into rainbow or spectral colors is called “fire.” “Lambency” means flashes of light or glitters we can see when a diamond displayed to the light. The proportion of polish has a direct effect on a diamond’s ability to reflect light as well as its beauty, expressing its complexity in the best light. Loose diamonds that boast of fine symmetry and polish can significantly increase the brightness, fire, and scintillation, which bumps up its price dramatically. It is important to understand the significance of “cut” feature, which emphasize the diamond’s significance and drives the price upper or lower.
<strong>Carat</strong>This term requires additional explanation to understand clearly what it means and what to pay attention for. You can have an opportunity to choose carat of loose diamonds, however you should be aware that not always large stone should symbolize big carat.
For those of you who are curious and are willing to deepen the knowledge in diamonds science, one carat equals to 200 milligrams or 1/5 of a gram. For diamonds that weigh under a carat, each value is further divided into 100 points. This is a lot similar to the way in which a dollar is divided into pennies. Since larger loose stones are more difficult to find, it explains its higher value per carat in comparison with the cost of smaller size diamonds.
To move deeper in diamond’s value, you should be informed about all 4 C’s, which defines its value and drives the price. You should search for retail diamonds that are similar in cut, carat and clarity to get a good idea about the real value of a specific diamond.
How you can be confident whether these loose diamonds really precious or not? Which institution and which document you should receive as evidence of its quality? As mentioned earlier, the grade and main estimation of the diamond defines its 4 C’s. You also can get a grading certificate, which is a testament of their quality.
The recommendation is to cooperate with the well-known Diamond Brands, which are responsible for the stones and ready to provide the Certification on diamonds. All available grades for different types of diamond are described in that certificate.
If that information is not available, you can always go through GIA evaluation or to some other grading lab where the diamond can be certified free of charge. However, do not forget to come to the well-known, recognized institutions, which afterward will not raise questions for anyone of you. Whether you are buying or selling diamonds, it is highly recommended that the stones come with a Certificate, including its value and main characteristics.
Diamonds with an appraisal Certificate always worth more than without it. Simultaneously certification provide the identification number, which will easier to deal with during sale-purchase operations.
GIA Certificate, having the world recognition, will provide you the confidence in diamonds 4C’s and its other values, certifying its genuine nature and origin, proving the price, you are willing to sell it for. This certification will be used as a proof of diamonds origin, accelerating number of deals and increasing number of clients, which will come handy whenever you decide, disposing it.
Pricing to Be Figured Out
Estimating prices of a diamond from the rap price is an art. Mostly, diamonds trade at discount low prices as compared to the rap sheet, so it is that price that precious stones dealers will usually haggle over. The “rap price” is mostly measured by such characteristics as size category, color, and clarity of the particular diamond.
Loose diamonds price mostly is not stable and fluctuates for the reason of its condition, sales environment and international diamond market processes. Good condition will drive good pricing of it, nevertheless of diamonds’ age. Diamonds without certificates can be sold according to a "parcel price". It means price per carat for the stone that’s being acquired and is irrespective of the number of diamonds that have been selected for purchase by the buyer.
It is well-known quite a big difference between the parcel price as compared to the rap price or the IDEX Price Report and Diamond Retail Benchmark. Understanding the price, which you can use, selling diamonds, will influence on further business processes in diamonds deals and even your reputation.
Planning to buy diamonds you need to check price, using Diamond Price Calculator, which will be helpful in understanding an approximate price for loose diamonds, basing on the main diamonds’ characteristics. It will be your starting point, which you can emphasize or lower vice versa.
The easiest and most accessible way to compare and evaluate diamonds, being a consumer could be realized by researching and equalizing online prices of reputable jewelry stores and dealers. Searching through the internet, you can easily look up the prices online to find the real value of diamonds and reason of this pricing. The best way to find out the true price of a diamond is to look around and have professional advice from the staff Jewelry shop.
Keep in mind, choosing diamonds’ evaluation Agencies: different trusted jewelers will evaluate diamonds under the different ranking system. Choosing the jeweler with the broad knowledge and modern approach will help you compare your diamonds’ in accordance with the modern ranking systems, determining afterward the most competitive market price.
You are all set for your engagement, and are going through the variety of options that you have pertaining to diamonds in the market. You know that you can either get the stone mounted on top of the ring set, or you can buy it separately, to ensure that you have a better choice in selecting the diamond, and then mounting it on a proper ring setting.
In a bid to educate you about the diamond buying process, we would like to mention some of the most common mistakes couples commit while buying diamonds for their engagement or wedding. By learning from the mistakes made by others, you can actually ensure that you follow a flawless pattern for buying the diamonds you want.
You don’t need to be an expert, you just need to know what you’re looking for. Here are 6 things to keep in mind during your search for the perfect stone.
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