Buying jewelry and gemstones can be tricky because you want something that looks amazing yet you also need to be sure that you are getting the best quality for your money. If there is one thing that is for certain it’s that diamond prices are almost never going to be low and you can expect to spend more on these gems and jewelry featuring them than most other types of gems. This is a general rule and obviously there will be exceptions. Let’s take a look at what the prices are affected by and also ways that you can become a smarter shopper when it comes to these gems. After all, knowledge is indeed power, especially when it comes to diamonds.
There are 4 C’s when it comes to judging the quality of a diamond and you will often see these listed on a certificate that you get when you buy loose diamonds. These characteristics determine the quality of the stone and therefore have a heavy impact on its value. The 4 C’s are: color, clarity, cut and carat weight. Each of these characteristics affects diamond prices. Depending on your tastes, you will value the characteristics differently. For some people, carat weight will be the biggest factor, but others may want a high level of clarity or a perfect cut in order to show off more sparkle.
You should certainly be aware that diamond prices, as do prices for nearly any kind of jewelry, are going to go up around the holiday season. You can expect to pay more during the months of November and December as well as February, due to Valentine’s Day. Because holiday shoppers constrict the supply of diamonds and jewelry around the world at this time it is much harder to find low cost options. Those who keep this in mind can shop more intelligently and may end up finding better prices as a result of this. Even if you are shopping for gifts to give out during the holidays, consider buying in advance so that you can get better prices on the diamonds or diamond jewelry you are looking for. This is the way that many gift givers are able to greatly reduce what they spend for Christmas or other winter holidays.
Beyond the way the market is affected by holidays, those who are shopping for diamonds should keep in mind that diamond prices are affected by many other factors. Since diamonds are mined and there are only so many recovered, cut and polished each year, prices will fluctuate from one year to the next. Styles go in and out and the secondary market for diamonds is fluctuating all the time as well. Supply and demand certainly matters, but the good news is that there are websites and other places where you can find out about current prices on the diamond market. You can keep abreast of changes this way and make smarter decisions so that you get the right stone at the right price. This is also important for those who may consider one day selling loose diamonds or diamond jewelry that they own on the secondary market.
Finally, we should definitely make a special note about the often loved Fancy Colored diamonds. These are almost always more rare than their white counterparts and this has a strong affect on their price level. To put things into perspective, remember that for every ten thousand white diamonds mined there will be only one colored diamond and this is likely to be a light colored diamond – which is worth considerably less. This means that when investing in diamonds, intensely colored diamonds are going to surpass even the most impressive white diamonds. The rarity factor definitely comes into play here and it will have a powerful impact on what you pay if you want a loose colored diamond with intense color or a piece of jewelry that incorporates a diamond of this type. If you are shopping for these diamonds, keep this in mind as you budget for your purchase. In the past few years, the market for these stones has grown and that means that supply is strained further than ever before and prices will therefore continue to rise.