How Diamond Rates Are Determined
byon 07-13-2012 at 02:35 AM (134 Views)
"Pricing most goods is fairly effortless.
Establish how significantly it fees to make the
item, how much it expenses to marketplace that item,
and then mark it up by 15 30% or more.
Straightforward, right? Well, pricing diamonds isnt
very that simple. There are many elements
that are deemed when diamonds are
Diamond prices are determined very first by
adding the cost of the rough diamond, the
cost of cutting the diamond, and all other
expenses required to turn the rough diamond
into a marketable diamond. Depending on
the importance of the diamond, an
independent company may possibly be named in to
certify the grade of the diamond based on
color, cut, clarity, and weight.
At this point, the diamond becomes far more
expensive each time it adjustments hands, until
it lastly reaches a retailer, where the price is
raised a bit more. Prior to reaching the
retailer, nevertheless, the diamond should travel
from the mine, to the cutter and polisher, to
the independent grading company, and
then to the Main market. Once it has
reached the primary market, it will be
purchased by diamond dealers and
wholesalers, and from there it will be sold
As you can see, the earlier you can buy
a diamond in the process, the lower the expense
of the diamond will be but not the value.
The worth is based on what the diamond will
sell for in the industry place through a retailer.
If you own a diamond, and you have no notion
how considerably it is worth, you can have it
appraised, but the appraisal could not be
correct. You will be better off obtaining a
certificate through GIA Gemological Institute
of America. With the details on this
certificate, you can use a cutters guide to
accurately determine what your diamond is
There are also many diamond price
calculators accessible. These can be identified
on the Internet, and numerous diamond dealers
use these as properly. You need to understand, however,
that just before you can accurately price a
diamond, without having a Diamond Grade Report,
you need to know rather a bit about diamonds,
such as various cuts, clarity, color, and weight
and how each and every of these elements adds to the
value of a diamond, or decreases the value of
the diamond as the case may be.
Again, you will be better off if you get a
Diamond Grading Report on the diamond,
and use that details to appear up the price
in a single of the guides that the diamond cutting
industry makes use of. This will give you the most
correct value of the diamond in your
possession, or of the diamond you are
taking into consideration purchasing.
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