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How much are diamonds worth?February 9, 2018 - Diamond Articles
- What affects a diamond’s price?
- Can I calculate my diamond’s value or get a price quote?
- How can I get a final price for my diamond?
What affects a diamonds worth?
Depending on the characteristics of a diamond, it can be worth hundreds or hundreds of thousands of dollars. Much like houses or cars, there is not one universal price for a diamond as there are a multitude of factors that affect the price. Diamonds come in an array of shapes, sizes and colors with varying external and internal qualities.
The basics of diamond grading are the 4 C’s. These are:
- Color: Refers to how much color, or lack thereof, a diamond shows. These grades range from D to Z, with D being colorless and Z a light yellow. Colorless diamonds are considered more valuable as they allow for a greater passage of light through a diamond, creating a sparkling appearance.
- Clarity: Refers to the amount of internal and external marks on a diamond, known as inclusions and blemishes respectively. These grades range from FL to I3, with FL being flawless and I3 being visibly flawed to the naked eye. A diamond may look flawless to the naked eye, but damages in the diamond can be seen upon further inspection with a loupe.
- Carat Weight: Refers to the weight of the diamond in carats, abbreviated to ct.
- Cut Grade: Refers to the cut quality and proportions of a diamond. These grades range from Excellent to Poor. Excellent cuts are desirable because they best reflect light.
In addition to the 4 C’s, there is other criteria that affect a diamonds worth. These factors include:
- Shape: Diamonds are cut into various shapes with the most popular being the round brilliant. Fancy cuts include: princess, cushion, heart, pear, radiant, oval and emerald cut. The value of fancy cut diamonds fluctuate depending on market trends.
- Fluorescence: Refers to how much a diamond glows when under ultraviolet light. These grades range from None to Very Strong. The presence of fluorescence typically has a negative impact on diamond value.
- Symmetry: Refers to how well aligned the facets of a diamond are including its table, culet, crown and girdle. These grades range from Excellent to Poor.
- Polish: Refers to the degree of smoothness for each facet of a diamond. When diamonds are cut and polished, microscopic surface defects may be created. These grades range from Excellent to Poor.
- Treatments: Diamond can be treated to artificially improve their color or clarity. Fracture filling, HPHT and clarity enhanced considered less valuable than their natural counterparts.
How can I calculate my diamonds worth?
There are numerous online diamond calculators claiming to be able to give you a precise price for your diamond, however their results are often inaccurate. This is because calculating a diamonds worth is a complicated process, best done by a GIA certified gemologist who understand the complexities of the secondhand diamond market. The GIA is considered to be the most accurate gemological laboratory in the industry whose valuations are nearly indisputable.
In order to calculate how much your diamond is worth:
- Gather information on your stone (the 4 C’s)
- Provide an expert diamond buyer with this
- Get your price quote
But how to get this information?
Your diamond might have come with GIA certificate upon its purchase, which is a detailed report of your diamond’s characteristics which also demonstrates its authenticity. Or your diamond may have came with other documentation, such as a diamond certificate from another diamond grading laboratory, a jewelers appraisal, insurance appraisal or warranty card. These often have key information such as the 4 C’s which will allow you to get a price from a diamond buyer.
If you do not have any certification for your diamond, there are steps you can take to learn your diamond’s characteristics:
- Calculate your diamond’s carat weight using our diamond calculator.
- Consult with a jeweler for a rough idea of the color grade and clarity grade of your diamond.
- Use the infographic below to determine the shape of your diamond.
How can I get a final price for my diamond?
Now that you have a price quote, you will want to get a final, firm price. In order to receive a final price, the buyer will need to see the diamond in person. This is because they need to check that the diamond you have matches the diamond described in the paperwork.
How to get a final price for your diamond:
- Complete our simple online form.
- Receive a price quote.
- Mail your diamond to us through our free, fully insured and overnight shipping service OR schedule an appointment at one of our modern and secure offices.
- Receive a final price.
- Accept your offer and receive payment in as little as 24 hours by check, wire, or cash (in-person appointments only). Or have your diamond mailed back to you the next day through our free and fully insured shipping service.
When selling a diamond, you will want to ensure that you are working with an excellent reputation that you can trust. The selling process should be entirely free without any hidden fees or commissions. You should also have the option to sell your diamond from the convenience of your home or at an in-person appointment.
WP Diamonds is an expert, international diamond buyer with a team of highly qualified GIA trained gemologists. Our simple, secure and free process has earned us an A+ rating from the BBB and hundreds of excellent reviews from our customers. Thanks to our experience and global presence, we are able to give you an honest and competitive offer for your diamond as well as designer jewelry and luxury watches. Our process is so fast that you can receive payment in as little as 24 hours after completing our simple online form.
To learn how much your diamond is worth, click the button below.