Which Economic Bubble will be next to Burst?
What is the price of colored diamonds? A 0.95 carat Fancy Purplish Red (very intense red) round brilliant diamond was sold for $880,000.00 compared with the price of a 1 carat round brilliant diamond of the highest quality (D FL) which was only $17,000.00. Different criteria are used to calculate the value of a colored diamond from those used to calculate the value of a colorless diamond. Indeed, the price of a colored diamond will be first and foremost determined by its color and the intensity of its color. The first valuation criteria for colored diamonds is therefore the type of color and the intensity of this color. For example, a 1 carat Fancy Vivid Pink diamond (very intense pink color) will have a much higher value than a 1 carat Fancy Yellow (pale yellow color) diamond.
Let’s take a 1 carat round brilliant diamond graded color D and clarity IF and compare its value to a 1 carat round brilliant diamond graded color E and clarity IF: the price difference between these 2 diamonds will be -23.64%, which is very significant for 2 diamonds of the same carat and clarity. Furthermore, this difference in color between a D and an E is invisible to the human eye and you need master (comparison) stones in order to be able to see this slight variation in tone. There is only one color grade between these 2 stones and yet their value is completely different.
Gemological laboratories state the cut quality on their certificate for round brilliant diamonds but not for the other shapes (princess, oval, heart, etc.). The polish and symmetry: a diamond that does not a have good polish or symmetry grade will see its value fall by 5 to 10%. If a diamond has a poor polish, it will need to be polished again to bring out the shine and this will inevitably lead to a reduction in its weight.
The price of a diamond is determined by its rarity! Finally, concerning synthetic diamonds, one of the commercial arguments put forward by sellers of these stones is the “ethical” aspect: they are man-made so we know their origin and, more importantly, that they do not come from conflict zones and are not “war diamonds” or “blood diamonds”. We have already seen this happen with synthetic colored stones (rubies, sapphires, etc.) which are now worth almost nothing. It is likely that the value of synthetic diamonds will decrease over the next few years as growing chambers become less and less expensive and production costs fall, thereby lowering the selling price of synthetic diamonds.
The seller wants to sell their diamond at the highest possible price, but the buyer wants to but it at the lowest possible price! If you don’t know precisely what you are selling, it will be impossible to promote the unique characteristics of your stone and it is safe to say that you will not get a fair price for it. Once you are in possession of the grading report, you can then use our price simulator to calculate the resale value of your diamond.
The buyback price tends to much better than the options described above as you can negotiate the sales commission directly with the jewelry store and it is therefore in their interest to sell it for the highest possible price. The time it takes to sell your diamond will depend on the characteristics of your diamond: a 1 carat G VS2 round brilliant diamond will sell much more easily and quickly than a 2.50 carat E I1 marquise cut diamond.
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