Pavement Ponderings

Pricing most products is fairly easy, you ascertain what it costs to manufacture the product, how much it costs to market the item, and then mark it up by 15 – 30 percent or even more. Simple really, though, the issue is pricing diamonds is not quite that simple since there are many factors that are weighed as the gems are priced. Diamond prices are determined initially by adding the price of the raw diamond, the cost of cutting the diamond, along with all other costs required to change the rough diamond into a sellable example. Depending upon the importance of the diamond, an third party organization may be hired to assess the caliber of the gem based on color, cut, how clear it is, and weight.

At this point, the stone grows more expensive each time it moves on, until it in the end reaches a seller, wherein the price is raised a bit more. Prior to reaching the retailer, though, the stone must move from the mine, to the cutter and buffer, to the independent evaluation company, and finally to the main market. After it has arrived at the main market place, it’ll be bought by diamond dealers along with wholesalers, and then it will be sold by retail merchants. As you can see, the earlier you’re able purchase a diamond throughout the procedure, the lower the cost of that diamond will be – however not the overall value. It’s value is dependent on what the stone would sell for in the market – via a retailer.

If you own a diamond, and you don’t know what it’s worth, you should have it measured, though an estimate is not always correct. You’ll be better off getting a certificate via GIA – Gemological Institute of America. Using the information on the certificate, you can use a cutter’s guide to exactly ascertain what your diamond is valued at. There’s also lots of diamond price calculators around that could be found online, and the majority of dealers use these as well. You need to understand that before you can accurately price a diamond, without a Diamond Grade Report, you need to know a lot regarding gemstones, such as: different cuts, clarity, color, and weight. However, you also have to understand the way all of these aspects adds to the value of a diamond, or lowers it’s price as may frequently happen.

Once again, you’ll be better off if you purchase a Diamond Grading Report on the stone, and utilize the date to investigate the cost in a guide which the diamond cutting industry has. Such will give you the most accurate value of that stone that you own, or of the one you’re thinking about getting.