Diamonds were formed billions of years ago and are extremely rare because so few are able to survive the difficult journey from the pits of the earth to reach the earth's surface. From the diamonds that are being mined today, only about 50 percent are thought to be high enough quality to be sold on the diamond market.
Red diamonds are the rarest and some of the most expensive in the world. Also known as Fancy Reds, they come in a variety of shades ranging from orange-red to brownish red. Majority of the world's red diamonds come from the Argyle Diamond Mine in Australia.
The four characteristics that determine the value of diamonds are called “4C's” and are: Carat (weight or karat), Color, Clarity (purity) and Cut (size) to which a last factor would be added, which would be fluorescence.
Diamonds are not particularly rare. In fact, compared to other gemstones, they're the most common precious stone found.
Red diamonds are the rarest of the colored diamonds, with only 20-30 existing in the entire world. They get their beautiful red color from a rare process during their formation, which changes the crystal structure of the diamond and causes light to pass through it differently than colorless diamonds.
The Guinness Book of World Records claimed that in 2005, painite was the rarest gemstone in the world, even rarer than diamonds. The color can vary anywhere from pink to reddish, and even brown in color, but can even appear green under certain lighting.
Much like the often emotional purchase of an automobile, a diamond ring's value can depreciate quickly after the initial purchase. That said, if you purchase a high-quality engagement ring and take good care of it, the piece will keep a relatively consistent value that could go up over time.
On average, the retail price for one carat diamonds can be anywhere between $2,000 to $16,000, and between $8,000 to $72,000 for two carat diamonds . And of course, the retail price and the resale value of a diamond are very different things.
Know the 4 Cs, they are the ABCs of diamonds. They include Color, Cut, Clarity, and Carat Weight. These universal measurements will help you assess each diamond. Be sure to inspect your diamond in person so that you can see how the 4 Cs interact with each other to make each diamond's sparkle unique!
Kohinoor is the most expensive diamond in the world. As per reports, the oval 109 carat diamond weighs 21.6 grams and is the main diamond of the British Crown. Its origin is traced back to India with Queen Elizabeth II being the current owner of the diamond. Due to its uniqueness, the diamond is said to be priceless.
Flawless is the top grade in the GIA Clarity Grading System. Diamonds graded Flawless don't have visible inclusions or blemishes when examined under 10-power (10X) magnification by a skilled and experienced grader. As clarity increases, and if all other value factors are equal, diamond price per carat also increases.
Gem-quality rubies are significantly rarer than diamonds, though there are certain types of diamonds that are very rare too. If we weigh the most spectacular examples of rubies and diamonds against one another, diamonds that show color are even rarer.
Using cold water is a much simpler and safer way to test the validity of a diamond. If you place the stone into water, a real diamond will sink to the bottom due to the density. Fake diamonds are far more likely to float or bobble around.
Out of the 4 C's of diamonds, the cut of the diamond is the most important. This is followed by color, clarity, and carat weight.
1.00 Carat
Because it's the most popular weight, diamonds experience a price jump at 1.00 ct. The price jump is especially high for round diamonds, and, at this weight, you'll get the most savings by choosing a fancy shape.
People take their time and money slowly because diamonds are heavy purchases for normally special occasions like birthdays, weddings, engagements, and other special milestones like anniversaries. The high markup also covers the original costs and the slow time it takes for it to be bought.
Diamonds increase in value over time and don't offer short-term results. In fact, like other physical commodities, the price of diamonds fluctuates from time to time. The second mistake people often make is to pay too much. The first rule of investing is buying low and selling high.
With the average-sized engagement ring being a 1-carat stone, it's safe to say anything larger can be considered big. Most people think diamonds are big when they start to reach 2-carats or bigger. However, rings of this size are less common. This is one of the reasons that most people feel 2-carats is a big diamond.
If you wish to find a safety lock for your savings and investment in the safest manner, go for gold. Diamonds also have strong value retention capability, but only in the long run. Even though gold carries power in terms of inflation and general value, diamonds can often have a higher resale price.
If you have a loose diamond to test, fill a regular glass about ¾ of the way full with water. Gently drop the diamond into the glass. If the diamond sinks to the bottom, it's real. If it floats at the surface or just underneath, it's likely a fake.
Gold is often regarded the better investment option over diamonds, as this precious metal is more easily traded and is often viewed as a currency with a stable, increasing value over the long term. Diamonds are often more volatile as their value relies purely on their weight, cut, clarity, and colour.
The four most sought-after precious gemstones are diamonds, sapphires, emeralds, and rubies. gemstone can help you decide what you want to say with your custom piece of jewelry.
Worldwide reserves are estimated to be some 1.2 billion carats. Russia has the largest reserves, estimated at some 650 million carats.
Emerald. Rarer than diamonds, emeralds are also more expensive than the same quality diamond.
A sparkle test is quick and easy to do since all you need are your eyes. Simply hold your diamond under a normal lamp and observe the bright shimmers of light bouncing off the diamond. A real diamond provides an exceptional sparkle since it reflects white light extremely well.