Diamonds have always been the best friend of women (apart from human ones). Hence, taking care of the prices of diamonds is always essential before buying no matter it is a solitaire or any diamond jewellery. So, we are going discover some exclusive things which will clear your vision towards how and why the price of diamonds fluctuates in the global market.

Price of Diamonds- Introduction

Like the gold rate today, the price of diamonds is also set globally following some universal dynamics such as the 4Cs, fluorescence, conversion rates, market trends, demand-supply analysis, Rapaport, etc. Diamond rates are flexible and depend on certain market situations, so go through till the end so that your concept becomes clear before you invest in this timeless and priceless beauty.

4Cs – Prime Factor behind Diamond Prices

Carat, Cut, Clarity, and Color- the 4 prime factors that play the most important role in setting the price of a particular diamond. There are some basic theories on how these factors function together.

• Carat Weight: The unit of weighing diamonds is Carat. The price of diamonds increases along with their carat weight, making solitaires costlier than tiny ones. There is no such limitation of diamond weight, as the heaviest and biggest diamond yet found is Cullinan I, weighing around 530.2ct. having 74 facets.

• Cut Grades: Cut grades are basically how a diamond is cut and polished internally. The better the cutting and polishing are done, the appearance of the diamond becomes shinier. As well, diamonds with better cut grades come higher in prices as well.

• Clarity: Natural diamonds are created inside nature’s core, which takes almost 2-3 billion years. So, not each of natural diamonds come clean and free of inclusions from the inside. There are blemishes and inclusions inside diamonds, and accordingly come into the categorizations of FL-IF (Internally Flawless) to I (Included), provided FL or IF as the costliest ones.

• Color: Here comes the most important factor among all of these. Diamond colors range from D (best-in-class) to Z (showing fancy yellow color), following the better coloured diamonds come in higher prices.

Fluorescence- How it Reacts to the UV Light

Fluorescence is all about how a diamond reacts under ultraviolet light. Exhibiting fluorescence nature of diamonds can have impact on their appearance under some particular lighting conditions. So, the degree of fluorescence present in a piece of diamond can effectively change the price of diamonds.

Shape of Diamonds- How Proportions of 4Cs work in Pricing?

Though round ones are the most popular, diamonds come in different shapes like emerald, pear, marquise, oval, and much more. These fancy cuts or shapes comes even more costlier than the usual round ones. Basically the better the proportions are, the costlier the diamonds are. Basically fancy-cut diamonds need extra care and mechanisms, thus, in the global market, they gain higher values. Also, these are not available always like other round diamonds. Fancy diamonds mostly come in better 4C proportions and it makes these pieces costlier in very general way.

Exchange Rate- USD-INR Conversions Matter a Lot!

Some know, some don’t, but the conversion rate from USD to INR matters a lot in diamonds pricings. As you know, in the global exchange, USD ups and downs become effective always. According to Rapaport, from tiny to solitaires, prices of diamonds come in USD and then converted into different currencies as per the countries.

Certifications- Why Does it Make a Diamond Costlier?

Around the globe, there are a few organizations that provide the best quality checks and certifications for diamonds. GIA (Gemological Institute of America), and IGI (International Gemological Institute) are the two most popular of them. A certification is more like an identity card for a diamond, just like a person. A certified diamond always comes costlier than non-certified pieces, regardless of both having the same 4Cs proportions, fluorescence, etc. In this era of fraudsters, and crooks in the market, it is better not to buy diamonds or diamond jewellery without a proper certificate, though you might have to pay a little extra.

What is Rapaport?

Rapaport is a global organization providing weekly price lists of diamonds covering all shapes and qualities. These prices are mostly according to the most recent market trends, and worldwide studies. In pointer and solitaire diamonds up to 1.00ct, weekly Rapaports don’t make changes in the prices that much. But before buying any bigger pieces, it is somehow important to look out for the latest Rapaport for once at least.

These are so far the most important factors that trigger ups and downs in the price of diamonds, except some most recent geopolitical imbalances like war, pandemics, etc. So, always keep your eyes open while thinking about purchasing solitaires or any such larger diamond pieces. To buy unique minimalistic jewellery with hallmarked gold and IGI-certified natural diamonds, just visit our online store only at lamarquem.com.