April 24, 2024

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Learn How To Calculate Diamond Prices In Texas

Diamond Price: How Much a Diamond is Worth - October 2021

Diamonds are pricey and knowing how they get that price can be interesting. Wholesale loose diamonds in Texas are usually priced according to a lot of factors, such as color, shape, cut, clarity, and others. If you are planning to buy one, knowing how a diamond is priced can come in handy. Here are some ways to learn how to calculate diamond prices in Texas.

The Three Steps To Buying A Diamond

Certification 

All diamonds that are purchased should come with a certificate. This can be proof that they are authentic, and have been evaluated before they are sold. The most legit certificates come from the Gemological Institute of America (GIA) and the American Gem Society (AGS). The certificates given include the details of the diamonds such as symmetry of cut, carat weight, color grade, and clarity grade. 

Quality

Know the quality of your diamond, How? Learn the 4cs: carat, clarity, color, and cut. Prices of diamonds are affected by the 4cs in each of the Cs have classifications and each classification comes with a price. You can ask your jeweler for a chart where you can see the prices for each diamond shape and other classifications. As a customer, it will be better if you have an idea of what you are paying for. Just keep in mind that the higher the grade of the diamond, the higher the price for each carat. 

Pricing

Pricing of diamonds is complex, did you know? That 1-carat can range from $1,500 to $16,000, a very big difference, right? That is because all details in the diamond are computed. However, to make it easier, you can just focus on the carats and the shape. 

  • Calculating Diamond Price Per Carat

Diamonds are classified first, then refers to the value of each carat. For instance, a 1-carat round cut diamond with H color grade and SI1 clarity would cost a minimum of $4,850. How did I get the amount? An online calculator is used to give you a more accurate price and make it easier for you. However, most stores have their own charts and the prices are written down. Once your diamond weight is determined, they will simply multiply it with the amount under its classification. Your jeweler will be willing to explain it to you in detail since it is indeed complicated. 

How To Save Money When Buying A Diamond

Step 1: Recognize Diamonds by Category

Most customers focus on the appearance of the diamond seen by the naked eye. But the truth is pricing diamonds is more than meets the eye. As mentioned above, diamonds are categorized into several groupings, and you should be familiar with that. 

Step 2: Understand the Diamond Cutting Process

If diamonds are cut according to the shapes the customer needs. There will be a part of the diamond that will be considered a loss. This can add up to the increase in diamond costs to cover that loss. That’s why going to a jewelry store with an expert cutter can help you cut your diamond into its best shape and maximize its carat weight without too much loss.

Step 3: Diamond’s Color and Clarity

How do color and clarity impact diamond price? A diamond pricing equation is used in determining the price of a diamond according to its color and clarity. There is a standard price for the different colors and clarity of a diamond, this is called the Rapaport price list. Each combination of color and clarity can come with a different price. This rap is used as a standard guide for diamond sellers in pricing their diamonds. 

Hope now you have learned how to calculate diamond prices in Texas. In this way, you can know why diamonds are so expensive. They are precious in that every detail is counted in price as to how much they are worth. As a customer, it will be ideal for you to know the quality of the diamond as well as the pricing, so you can select the best among all the diamonds that you see. Another thing is dealing with jewelers whom you can trust. And they will surely guide you in pricing your diamond accurately.