Read More About Diamond Insurance

Pricing most products is quite easy, you determine what it costs to make the product, the price to market the product, and then raise the price by 15 – 30 percent or even more. Pretty easy, though, the problem is marking diamonds isn’t exactly that easy as the’re many factors which are thought of when gems are priced up. Diamond prices are decided initially by combining the price of the raw diamond, the price of cutting the diamond, and all other expenditures necessary to turn the raw gem into a marketable product. Dependant on the importance of the stone, an third party company may be called in to assess the grade of the stone on color, cut, how clear it is, and weight.

Now, the gem becomes more expensive every time it changes hands, until it ultimately goes to a dealer, where the price is increased a bit more. Before reaching the retailer, though, the stone must be transported from the mine, to the cutter and buffer, all the way to the independent grading business, and then to the primary market. Once it’s reached the main market place, it will be purchased by gem sellers and wholesalers, and from there it’ll be bought by retailers. Clearly, the earlier you’re able purchase a diamond in the process, the lower the cost of the diamond would be – but not the overall value. It’s value is dependent upon what the diamond would go for in the market – through a retailer.

If you have a diamond, and you have no idea what it’s worth, you should get it evaluated, but the estimate isn’t necessarily accurate. You will have better luck obtaining a certification through GIA – Gemological Institute of America. With the info on that paper, you could use a cutter’s guide to truly determine what the gem is worth. There are also many diamond value calculators available which could be located online, and several sellers use these as well. You need to understand that prior to accurately price a diamond, without a Diamond Grade Report, you need to know quite a bit regarding gemstones, like: different cuts, clarity, color, and weight. Though, you also have to understand the way each of those aspects contribute to the price of the gemstone, or lowers the value as the case may be.

As always, you’ll do better if you obtain a Diamond Grading Report for the diamond, and use that date to investigate the cost in a guide which the diamond cutting industry has. This will give you the the closest possible price of the stone in your possession, or of the example you’re thinking about purchasing.