Diamond Ring Price
Have you ever wondered what factors affect the diamond ring prices? Why they are costlier compared other rings? The reasons and factors are many. We state a few. Read and remember. You may find the information helpful when buying diamond rings for engagement or weddings.
To begin with, the 4Cs of diamonds are an important factor. The price depends on Cut, Clarity, Color, and Carat weight. Majority of the times, the 4Cs contribute for up to 90-95% of the price.
And out of these four Cs, Carat weight is considered as a price driving factor in the market. However, it depends on how jewelers price the diamond. The wholesalers and online stores set the price based on the quality and also the market pricing, whereas, retailers with offline stores consider store location, durability, other services offered, etc. and then value the worth of the gemstone.
Certification (The 5th C)
Certification comes just next to the 4Cs. It is regarded as the 5th C in the industry. Certified gemstones have more value and are more in demand, compared to non-certified ones. However, considering the price it adds, people don’t mind buying uncertified stones from reputed jewelers.
All diamonds are not the same shape and size, of course. For that matter, their pricing differs too. Only experienced jewelers can cut a diamond into the required shape without removing more of rough diamonds.
Round-cut diamonds are the most expensive ones compared to other shapes because rough diamonds are removed in a great quantity. The other shape diamonds such as emerald cut cost 30% less when compared to the round-cut diamonds.
In short, the shape does matter a lot when diamond ring price is calculated.
The Transparency of the Diamond
Not to underestimate this factor. Transparency or cloudiness as most people call does add some numbers to the ring price. To be precise, the colorless or transparent diamonds cost higher compared to the ones with color.
Colors that are commonly found are white, milky, and cloudy. Depending on whether a gemstone is colorful or colorless, the jewelers price tag a ring price.
The Metal of the Band
The metal of the ring band is crucial too. Either yellow gold, white gold, or platinum are most sought after precious metals for rings. The price of each of these metals fluctuates as per their respective markets. Thus, they directly/indirectly have a significant role in adding or deducting the diamond ring prices.
The Design of the Band
Apart from the metal, the band’s design too impacts the price. Though the shape is round to fit in a finger, the design where the diamond is studded makes the whole difference. Therefore, do check this factor as well when buying diamond ring; because it plays a role in pricing.
The Making Charges
Last but not the least, the making charges vary from one store to another. Jewelers charge as per their expertise and the intensity of the design. More intense a design is, the higher the making charges will be. Besides that, some jewelers have fixed making charges for any time of design or jewelry piece. So, it totally depends.
Diamond ring prices are affected by various factors as listed above. Others you can share with us below in the comment box. We’d love to hear from you what other factors you think contribute to the pricing. Please share.