Friday, February 27, 2009

Need to Know Information When Buying a Diamond

By Brad Morgan

Diamonds are revered for their extreme beauty and everlasting durability.

If you are confused about why some diamonds are so much more expensive than others, you are not alone. Why oh why can one diamond engagement ring be worth $8000 and another one that doesn't look that much different to the naked eye be worth only $2000?

The grading system for diamonds is based upon four different elements. Firstly, size will play a large role in the price. This is referred to as the "carat weight," and it is determined on a 100 point scale. The larger the carat weight, the higher the value.

Carat size may push the price up, but only slightly if there is no clarity. Several facets determine clarity on both an internal and external basis. Internal aspects, dubbed inclusions, and external aspects, dubbed blemishes, all contribute to the overall clarity score.

The number of inclusions as well as their size and tint all factor into the overall clarity score, as do the number and size of surface blemishes. A flawless diamond is at the top end of the clarity scale, referred to as 'pure'. An inexpensive diamond may carry with it the classification of 'heavily included'.

These differences are due to the cooling process of the diamonds against other materials. Lack of clarity is a lack of perfection. A diamond is forever, and no one wants to be stuck with an imperfect one forever; therefore, this impacts the price.

Color is the next element that affects price. Although clarity is important, there are special cases where under certain conditions underground a diamond may have taken on a certain coloration that actually increases its value.

The color of a diamond ranges from "D," which is a complete lack of color, to "Z," which is depicts a very noticable coloration. Diamonds are priced highly if they are deeply colored or are exceptionally clear. Hazy, off-colored diamonds are not considered a favorable item, so they are priced lower.

Lastly we need to understand the effect of the cut on pricing. The quality of the cut may not be as easy to evaluate for an inexperienced buyer as some of the other factors, but it is nevertheless a critical element as it gives the diamond its sparkle.

A diamond that sparkles and glitters can be said to have 'fire'. The actual rating system uses common words like good, average, and irregular. The bottom line though is if you want your diamond to sparkle even in dim light, then you need to make sure the cut is impeccable, and that will cost you more money.

Diamonds are rare, but they are not equally special. Understanding the four important C's of carat, clarity, color and cut that constitute the value of a diamond will steer you towards making a better buying decision. - 16650

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