Buying Diamonds Tips on a Perfect BudgetApril 24, 2018 | David Anthony | Leave a comment
Diamonds are exclusively associated with extravagant indulgence. But it doesn’t have to be that way. There is a way to enjoy luxury jewelry without having to rob the bank. Among all gems, diamonds are the highest in supply and that logically means that they should be affordable. The basic formula is being a smart shopper as outlined in the best diamond buying guide below. The techniques below will help you maneuver the highly manipulated and tight diamond markets of the word.
1. Getting the best from the Diamond Pricing formula
Like any other commodity, diamonds are controlled under the laws of supply and demand. Diamonds are easily available beneath the earth’s crust, but better-quality diamonds are hard to find. That’s what causes the craze for them and the hike in prices. From the best diamond buying guide below, you play your cards right and beat the price no matter the quality you are after.
2. Shape over carat
Carat refers to the weight of the diamonds. By virtue of that definition many like to believe that the more carats the bigger the stone. Nothing could be further from the truth. Given that many carats will cost you an arm and a leg, it’s prudent to look at this from a different approach.
Here is the deal, all the 4 Cs of diamonds play a role in the pricing. The cutting here has the biggest influence on the size of the diamond. It is possible to have a thick diamond girdle on your ring but weighing only a few carats. What does that mean? You have a big diamond that costs less than what the market thinks it should.
3. The carat criteria will siphon your wallet
Carat weights are misleading, and that is how they manage to exponentially double the price with every carat increment. For instance, there isn’t a big cleavage between a 0.9-carat diamond and a 1.00 carat in terms of weight. But when it comes to price, that 0.1 gap translates to 25 % increase in price. That’s a whopping difference in price. Whenever the cart weight increases, the cost of the diamond increases by double digits. The only way around this is to stick to medium grade diamonds.
4. Pure colors cost more, find a nice shade
Colors play a key role in the pricing of diamonds. The big question is, are naturally colored diamonds cheaper than the white stones? The answer lies in the rules of supply and demand. Things that influence the shift in balance here include fashion and trends. For instance, there is a craze for pink and yellow diamonds at the moment, now that celebrities are proposing with them. That would automatically mean that the demand for these diamonds is higher and therefore they are highly priced.
Other most expensive diamond colors include purple, green blue, and orange. To get around the high process due to color, go for stones that have secondary color. It could just be a small tinge but a high reduction in price for that matter.
5. Crystal clear stones cost more
Most diamonds have flaws and inclusions from their natural formation process. The diamond with a si2 clarity costs far cheaper than the same carat diamond of vs clarity. This means that if you need to save on costs, then compromising with inclusions is a no-brainer. The flaws could be invisible to the naked eye, but the difference in price could be in thousands of dollars.
6. Oval is affordable
Round is the common and most expensive shape when it comes to diamonds. Following closely is the princess cut. To get the best bargain on a diamond ring consider the oval shape. You will get to save between 20 and 50 percent of your money.
7. The florescent flaw isn’t really a flaw
When it comes to white diamonds, fluoresce considered a flaw. For that reasons, diamonds with fluorescence are much cheaper than the pure ones. And sometimes the fluorescence isn’t that much visible.
8. Clever customization can help hide inclusions
Customizing your own diamond jewelry might help you save on costs. You first need to approach a skilled jeweler. An experienced craftsman will know how to enhance the appearance of a diamond. Sometimes this involves hiding a flaw or an unwanted inclusion. Then again, the setting matters a great deal. Prongs would make a tiny diamond appears bigger compared to a bagel setting.
Diamond shopping shouldn’t only be exclusive to the affluent. The above techniques should help you get the best deals even with a small budget.