Diamond Ring Price Within Your Pocket
Diamond is the best friend of women from long ago, regardless of her age. ‘Diamond ring price’ is such a bunch of words which women always search for, may the occasion be a wedding or an evening party, may there be no purpose at all. But the crave for diamond rings continues to prevail in their subconscious. Here, we’re going to discover diamond ring prices from several aspects. From the purpose of purchase to how big the ring should be, we’ll cover everything here.
Diamond Ring Price – Driving Factors
- Purpose of Purchase
- How Big It Is
- Size & Quality of Diamond
- Color and Clarity
- Purity of Gold
- Rapaport (Diamond Rap Report)
Purpose of Purchase
Every woman always has ample purposes to buy a diamond ring – invitations, parties, weddings, formal events, etc. But, one must take care of her affordability before choosing any design for any purpose.Diamond Ring pricing starts from as low as Rs 10,000 and it can go into lacs and beyond depending on the size of the rings, diamond used and many other factors.
For some formal and casual invitations, a medium budget of Rs.40,000-50,000 is pretty decent. Clean diamonds, minimal designs, and limited luster will make your formal look more effective as well as attractive. For some bigger occasions, like family weddings, grand birthdays, etc., upto Rs.1 L-1.2 L is good. Semi-cocktail look, bigger diamond size, and more quantity of gold definitely give the ring a more vibrant and rich look, suitable for the aforementioned purposes. Now, if you ask us about some engagement purposes, then we would say solitaire rings are the best. But still, multiple options are available too, starting from around Rs.30,000. For bridal rings, and solitaires, there is a starting range, but no limit is there. The concept of these two specific types is higher the budget, bigger the ring or better the solitaire. Anyway, a budget of Rs.1.2 L-1.5 L is good for solitaire rings/bridal rings.
How Big Is It?A diamond ring price depends upon a number of factors, and this one is an important part. Basically, bigger rings mean more gold weight, which also affects the price. Regardless of purpose, one can always buy diamond rings, minimalistic, or big in size, or solitaire, literally anything. So for them, putting a perfect budget will not be the best fix. If you’re passionate about diamond rings, keep 2-3 simple tips – more gold, and better as well as bigger diamonds, both lead to higher diamond ring price.
Weight and Size of DiamondThe more the diamond weighs, the higher will be the pricing, it is very simple to understand. Any ring having a diamond weight of 10 cents will cost less than a diamond ring having a diamond weight of more than 10 cents. However, sizing is an entirely different area of concept in diamonds. Single Diamonds weighing more than 99 cents will be called a solitaire and anything below that will be called a pointer. There are more categories in diamond sizing like stars and melee. These are tiny diamonds in size and have different pricing and calculations. Better and bigger diamonds are always costly, hence, regardless of gold weight, a diamond ring price will keep increasing.
Color and Clarity of DiamondInfinite options are available for a diamond according to the 4C’s of diamonds- color, clarity, cut, and carat. Diamond’s color ranges from D to Z, where D and Z signify the best and worst quality respectively. Samely, cut grade varies from poor to excellent, and purity (clarity) is from I (I1, I2, I3) to IF or F (internally flawless or flawless). Here, we must conclude that for regular use of a solitaire, G-J color, VVS1-SI1 purity, and excellent cut are perfect, regardless of carat weight. The final diamond ring price will surely depend on how much carat you’re going to buy.
Purity of GoldIf you’re a buyer of gold and diamond jewellery, then you must know that increased gold purity always impacts the jewellery price effectively. Hence, an 18kt diamond ring price will cost more than that of 14kt. Nowadays, people often show interest in buying 18kt diamond rings instead of 14kt. But we must let you know the secret trick. Though there are good sides to using a higher purity of gold, increased purity actually makes the metal softer, and exposed to little damage. Jewellers say that there will not be any issue with 18kt gold for diamond rings, but in the long run 14kt gold wins the race, if you maintain it at least once every year.
Rapaport (Diamond Rap Report)Rapaport is a globally authorized brand that has great control over the global diamond exchange marketplace. It releases a report, called the Diamond Rap Report, every week, and it is sold on the web at $50. The global pricing of diamonds is controlled according to the report. So, if you’re going to buy a solitaire, you can also invest the money for buying the report, so that no one can fraud you. As the diamond rap does not have much effective impact on the price of tiny diamonds, the report is not that much of a need if you’re going to purchase some minimalistic or normal diamond rings, except solitaire rings.
After this long discussion, we hope we’ve made it clear to you how to estimate the diamond ring price.