Do you have a basic understanding of diamond quality and diamond prices?
Buying a diamond is a very special experience as diamonds are one of the most meaningful gifts, symbolizing a commitment that will last forever. When you want to buy a diamond, the first step you must take is preparation. You need to have at least a basic understanding about buying diamonds so that you can answer the following questions:
• What are the 4Cs?
• What is the difference between loose diamonds and mounted diamonds?
• How do diamond prices work and what is the diamond carat price?
• Is a 6 carat diamond three times more expensive than a 2 carat diamond?
• How do you calculate diamond wholesale prices using the diamond price list?
• What is GIA certification?
The 4Cs have been developed by the GIA to grade loose diamonds using 4 diamond quality features: carat weight, clarity, color, and cut. One carat weighs 200 grams and can indicate a diamond’s size. Diamond clarity ranges from Flawless to Inclusions 3, assessing the internal flaws and external blemishes of a diamond. The diamond color grade ranges from D to Z, where D is colorless and Z has a slight yellow hue. The cut is what gives a diamond its sparkle and brilliance.
Why you should buy loose diamonds
Buying loose diamonds over diamonds mounted onto jewelry gives you more flexibility in terms of deciding on the diamond quality. Before you look at ring designs and ring settings, you can focus on all the different quality aspects the diamonds. This gives you more control over your budget and ensures you make the best purchase possible within your budget.
Look for the diamond carat price
Looking for loose diamond prices, you might have come across the diamond price list. This price list shows you the price per carat for loose diamonds used in the diamond wholesale industry. Diamond wholesale business uses the diamond carat price to express a diamond’s value, to show how the total price is calculated.
The price difference between a 6 carat diamond and a 2 carat diamond
Carat weight is not the only factor when determining loose diamond prices. The other quality factors – clarity, color, cut – also play a huge role in the diamond pricing method. Next, to this, other features of a diamond such as symmetry or fluorescence determine the total price of a loose diamond.
Calculating diamond wholesale prices with the diamond price list
To calculate the diamond wholesale prices, use the diamond price list to see the price per carat for the exact diamond you want. Then multiply the diamond carat price by the number of total carat weight. So if you look at an E color, VS1 6 carat diamond with a price per carat of $105,375, the total diamond price will be $632,250
GIA certification explained
Whether you want to buy a 2-carat diamond or a 6-carat diamond, always insist on buying diamonds that are accommodated with GIA certification. The GIA is the number one source for diamond grading as they are considered the most accurate gem laboratory. GIA certificates are universally recognized throughout the retail and diamond wholesale industry.
Ask for a free quote from our wholesale diamond experts to receive today’s market price for your exact wholesale diamond. Our diamond experts will be your dedicated personal contacts, sourcing the worldwide inventory of loose diamonds through our global network of diamond suppliers and cutters. With over 50 years of experience, we have a proven track record of matching people’s diamond wish to the perfect diamond at the best possible diamond price, with all-around jewelry services available. All of our diamonds come with GIA certification.