When planning to calculate its value, you need to understand everything about the cut, clarity, and color of the diamond you want to purchase. According to its shape, cut, clarity, and color grades, a two-carat diamond may cost as little as $6,000 or as much as $80,000. For example, it can be considered that the price of a diamond can vary from $1000 to a massive amount of $15000.
Given how many different variables affect diamond prices, it is challenging to determine the cost of “diamonds” as a whole. Let’s look at what things the diamond calculator checks to give the correct value of the gem. As you can notice, there is a massive price variation, with some diamonds costing up to 10 times more than others of the same carat weight.
How is the cost of a diamond calculated?
All diamond prices are based on carat weight, as was already explained. Let’s assume that a 0.50-carat diamond costs $1400 per carat. The cost of that diamond as a stone would be $1400 * 0.50, or $700. Alternatively, suppose a 1-carat diamond costs $4,100 per carat. This one is simple to figure out because the price for the stone is precisely the same, $4,100, since the diamond weighs 1 carat. A diamond solver can show that as you shop for better quality, the amount will also increase. This happens because the carat, the color, and the clarity improve.
Read More: The Difference Between Lab Diamonds vs Natural Diamonds
The word “carat,” derived from carob tree seeds that were once used to balance scales, is used to describe the weight of a diamond. A 50-point diamond weighs 0.5 carat or half a carat. Two hundred milligrams, or 0.007055 ounces, make up one carat. The metric carat standard divides each carat into 100 points.
Blue, pink, yellow, and black is just a few colors offered in color diamonds. However, white or colorless, diamonds are the most prevalent color. A white diamond will be worth more the more colorless it is. A colorless diamond lets more light through. As a result, light dispersion is significantly increased. Colorless diamonds can also be light yellow, brown, or even gray. Additionally, even when a diamond’s cut, clarity, and carat weight are the same, its price might vary significantly because of its color.
Under 10X magnification, each diamond is meticulously assessed and plotted. The clarity ratings given by different diamond solver grading labs range from being entirely flawless to having visible flaws. A diamond’s value increases with rarity; the more minor faults it has, the rarer it is.
The other Cs of a diamond are determined by nature, but the craftsman who cuts it affects a diamond’s value and brilliance. The amount of light reflected through a diamond is determined by its cut. The cut allows the ideal amount of light to contact every angle and facet, releasing the fire and brilliance that a diamond naturally possesses.
The total carat importance of all diamonds in a ring or other jewelry item is what this means. Large individual diamonds are far more valuable than smaller diamonds that come up to the same total carat weight. Your diamond calculator will state that a 2-carat diamond, for instance, is far more costly than a ring with smaller diamonds totaling 2 carats. However, as previously mentioned, a diamond’s value is much more than its carat weight.