How Are The Diamond Prices Determined?
You see all those lovely diamonds and their mind blowing price tags in the showrooms and you wonder how these diamond prices are determined. How come they are so every expensive and out of reach to common people?
What Goes Into The Diamond Prices Determination Process?
How does the price of a regular commodity get determined? You take the raw material cost, add to it the labor cost, then the production cost and you have the factory cost. Then, the commodity goes to the wholesaler or distributor and they add their cut to the cost before passing it on to the retailer who adds his cut before selling it to you. As you can observe, the more factors in the selling chain, the higher the price would go.
When it comes to diamond prices, the story starts with mining. First, you find the stone in the diamond mining ore; then it is segregated by its potential and sent to the cutters who turn the rough and ugly mined stone into an exquisitely brilliant stone. At this point an independent grading organization/ company would be invited to set the diamond prices according to the famous four Cs by which a diamond is appraised - carat, cut, color and clarity. Once this step is over and the diamond prices are determined, the stones would be sent to a retailer outlet from where you could buy it.
As it looks here the diamond prices are determined by the grading company based on the four Cs - that becomes its value in the market.
Which Grading Company You Could Trust About Your Diamond?
There are many, many highly reputed diamond grading companies which are used on regular basis by the leading names in the diamond jewelry industry. However, in order to be one hundred percent sure about the accuracy of the diamond prices quoted, you should choose the grading services of the Gemological Institute of America (GIA). This organization not only offers a highly accurate evaluation of your diamond, but also a certificate to this effect which would be respected in any diamond jewelry shop across the world.
One great thing about diamond prices is that they never fall. You would find gold falling at times based upon the global economy, but never diamonds. In fact, this is one investment which will always look upwards so if you love to buy that diamond earring r necklace, go ahead and buy it. today. This would not only be an exceptional piece of jewelry, but also a great investment.
