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WHY ARE DIAMONDS SO EXPENSIVE?

There’s something ethereal and romantic about diamonds that have been cut and set into jewelry. But often, these beautiful pieces come at a high price. So, why are diamonds so expensive?There are several factors that contribute to the high price of diamonds, including:

Rarity: 

Diamonds are quite rare, making them valuable. Although diamonds aren’t as rare as one might think, high-quality diamonds used for jewelry purposes are quite scarce. In fact, it’s estimated that only 30% of diamonds mined are actually gem-quality. The rarity of these diamonds is what makes them more valuable and, subsequently, expensive. 

Mining Difficulties:

It can be quite difficult to mine diamonds, which also adds to their value.Diamonds are created under high pressure and heat deep in the Earth. Mining for diamonds is difficult and requires special equipment to handle the tough conditions. Once a diamond is mined, it must be cut and polished by a diamond cutter to get it ready for sale. The whole process, from mining to polishing, is challenging and labor-intensive.

Durability: 

Diamonds are very durable, meaning they will last a long time.The diamond is one of the hardest minerals in the world, with a Mohs Hardness Scale score of 10. That means it’s incredibly durable and difficult to scratch, crack, or break. This durability is just one of the things that makes diamonds so special and valuable. They’ll last much longer than other gemstones, so they’re worth more in the long run.

How Much Does A Diamond Cost?

It’s no secret that diamonds can be expensive, but the cost of any particular diamond varies depending on several factors. The cut of a diamond, for example, refers to the stone’s symmetry, proportions, and facet arrangement. A diamond with a high-quality cut will have an intense sparkle. Another factor that affects a diamond’s cost is its color grade, which is used to measure the lack of color found in a white diamond. The most expensive diamonds are colorless, meaning there are no hints of yellow-brown in the stone.When we talk about a diamond’s clarity, we’re referring to the presence of inclusions and blemishes. Flawless diamonds are some of the rarest and most valuable gems in the world. Their carat weight determines their size, with heavier diamonds being larger and more expensive than lighter ones.

Just like snowflakes, no two diamonds are alike – each one has unique characteristics that affect its value. The average cost of a one-carat diamond falls between $2,700 and $5,500, but where a diamond falls in this range depends mainly on its cut, color, clarity and carat. If you’re shopping on a budget, keep this in mind and choose a diamond with a slightly lower color grade if color is not very important to you.

The Most Expensive Diamonds in the World

Get a look at some of the world’s most expensive diamonds:

The Hope Diamond is one of the most famous and expensive diamonds in the world. It’s worth around $250 million.

The Cullinan Diamond is another incredibly valuable diamond. It was found in South Africa in 1905 and is worth an estimated $400 million.

The Pink Star Diamond is a 57-carat diamond that was sold for $71.2 million in 2013. This diamond is the most expensive one ever sold at auction.

These are just a few of the many diamonds that are worth a fortune. If you’re lucky enough to own one of these stones, you can be sure that it will be a valuable asset for generations to come.

HOW TO SHOP FOR DIAMOND ENGAGEMENT RINGS

Shopping for diamond engagement rings can be a daunting task, but it’s important to remember that this is a piece of jewelry your significant other will wear for the rest of her life. Some tips on how to pick the perfect ring:

Before You Start Shopping For Engagement Rings

Before you start shopping for your perfect diamond engagement ring, take some time to prepare yourself with these tips:

Set A Budget:

Figure out how much you are able and willing to spend on an engagement ring before beginning your search. This will help you focus your search and avoid becoming overwhelmed. When it comes to purchasing a diamond engagement ring, it’s important to consider your budget beforehand so that you don’t spend more than you can afford. While many people choose to follow the one month’s salary rule, the truth is that there are no set rules when it comes to determining how much to spend on an engagement ring. Instead, it’s best to set a budget that makes sense for your own financial situation.

Learn the Basics of the Four Cs: 

Cut, Clarity, Carat, and Color are the characteristics that determine a diamond’s quality and value. Learn about each one so you can make an informed decision.

Cut: The cut actually refers to the diamond’s proportions, symmetry, measurements, and facet placement – all of which can affect the way light is reflected in the diamond and therefore affect its sparkle. A high quality cut will result in a more beautiful sparkle. 

Color: The quality of a diamond is judged by how colorless it appears. The scale for judging color quality in diamonds starts at D for completely colorless, and goes down the alphabet to Z, which has a yellowish or brownish tint. A diamond’s value is lowered as its color becomes more apparent. 

Carat: The carat weight of a diamond is how diamonds are typically weighed and is equal to 200 milligrams. All other factors being equal, diamonds with larger carat weights are more valuable than those with smaller carat weights.

Clarity: The clarity of a diamond is determined by the presence of internal flaws (inclusions) and external blemishes. The more flawless the diamond, the more valuable it is; however, these types of diamonds are very rare. Most commercially available diamonds will have some inclusions and blemishes, but the grade given to the diamond will reflect how noticeable these are.

Dig For Details: 

Once you have an idea of what you want, start doing some research on different retailers. Compare prices, reviews, and policies to find the best place to buy your ring.

Research Retailers:

Not all jewelers are created equal! Make sure you find a reputable retailer with a good return policy in case your finance doesn’t love the ring as much as you do.

Searching For the Perfect Engagement Ring

Now that you understand all of the important factors to consider when shopping for an engagement ring, the fun part begins! You get to start trying on different rings and imagining which one will look best on your fiancé’s finger. We hope you enjoy this process and feel confident in the ring you ultimately choose.

Check the GIA Certification

Always ask to see the GIA certification report for any loose diamonds before making a purchase, especially for an engagement ring. The GIA is an impartial organization that rates diamonds based on essential factors such as color, cut, clarity, and carat weight. This information is then recorded in a certification report, which any reputable retailer should be able to provide upon request. Be sure to thoroughly review the information in the report to get a sense of the value and quality of the diamond. This is the only way you can verify that the retailer has given accurate details about the diamond’s color, cut, carat, and clarity.

The 10 Most Expensive Articles of Jewellery Ever Made

Jewellery expertly crafted from diamonds and precious gems has been worn by kings, queens, and royalty from many cultures throughout history. It was a sign of wealth and status to wear jewellery and your finest clothing when making a public appearance. Following the style of ancient royalty, this list of the 10 most expensive pieces of jewellery ever made includes the world’s most expensive gem, the Hope Diamond. This beautiful diamond necklace is one of the most treasured items in the world. Many of the items listed here have changed owners many times but are still in existence today to showcase the craftsmanship that made them worth millions. Read More

What is The Best Style For My Ring?

There are many popular and attractive styles of engagement rings. Rather than going with what is popular, instead choose something in a style that she currently wears.  If she is the type of girl who loves the outdoors and is into gardening or creating things with her hands opt for a low-profile ring that is not too bulky and will not catch on things as she goes about her day. Here are a few tips that may help you decide: Read More

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