Diamonds are loved for their extreme beauty and everlasting durability.
As a purchaser of diamonds for engagement rings, whether past, present or future, one may wonder why there is such variation in price from store to store. What characteristics constitute a $5,000 diamond versus one that costs only $500?
The grading system for diamonds is based upon four different elements. Firstly, size will play a large role in the price. This is referred to as the “carat weight,” and it is determined on a 100 point scale. The larger the carat weight, the higher the value.
After carat weight is obtained, the next aspect that can cause price deviation is the clarity. You can determine the clarity of a particular diamond by a number of features. The term inclusions refers to imperfections inside the diamond, while blemishes refer to imperfections on the surface.
The quantity, type, location, measurement, and tint of its inclusions, or internal facets, as well as its blemishes, or features on the surface, all factor into the clarity. The clarity ranges from the rank of ‘pure,’ meaning no flaws, to ‘heavily included,’ meaning that it is seriously damaged.
Therefore the more severely included a diamond is with crystals, feathers, or other types of internal and external flaws, the lower its value. These deformities are due to the cooling process of the diamonds against other materials. Clarity is highly prized, especially in larger carat diamonds where the imperfections are more detectable.
Another important factor when evaluating the worth of a diamond is color. If certain gases were present beneath the earth when the diamond was forming, it may have taken on a distinct color.
There is a scale of coloration that ranges from “D,” where no color is present, to “Z,” where color is easily visible. There is a spectrum known as “beyond Z,” where the colors are rich and vibrant within the diamond and are referred to as fancy colors.
The cost of a diamond is also determined by one final factor, the cut. The cut of a diamond gives it the ability to glitter by reflecting the light back out in very precise ways.
A diamond that sparkles and glitters can be said to have ‘fire’. The actual rating system uses common words like good, average, and irregular. The bottom line though is if you want your diamond to sparkle even in dim light, then you need to make sure the cut is impeccable, and that will cost you more money.
Understand the 4 elements that make a diamond a special and precious gem: carat, clarity, color and cut. Knowing the difference between a dud and a dazzling diamond will be the difference between money spent poorly and money spent wisely.
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