Diamonds aren’t just a girl’s best friend; they are for everybody. However, when choosing an engagement ring, a diamond is almost an essential part of the entire occasion. While it is true that high-quality rings are expensive, just like any other resource or material, they don’t need to cost the Earth. This is because many things affect the price of a ring’s diamond, such as its formation, i.e. whether it is natural or manufactured, the cut of the diamond and the carat rating.
Also, just like any other possession, it is a good idea to shop around for the best deal since not all jewellery retailers and stores will offer you the best prices. For the most part, this means either negotiating a fee while you are in the store as long as the store allows it or going online to one of the many reputable jewellery retailers. While online vendors won’t let you negotiate a price, they are usually cheaper than an established physical store.
Online Stores are Often Cheaper
Physically walking into a jewellery store and selecting an engagement ring can be almost like a ritual experience for some. But suppose you aren’t bothered by being involved in the selection process or advice from a professional. In that case, you can always shop online (www.revediamonds.com) for your diamond ring.
Online jewellery stores and retailers will not let you negotiate a price. All prices are final unless they are running a sale. However, Because online jewellery stores do not employ sales staff or pay for a physical location, prices are usually more affordable than a retail establishment.
Prices are Negotiable
Only the best-educated jewellery enthusiasts are aware that you can almost always negotiate the price of a piece. This means that you can usually come to an arrangement where you end up paying far less for the ring and diamond than the sticker price.
Contrary to popular belief, negotiating in a store is not frowned upon. Most stores do allow for some form of negotiation when it comes to extravagant and expensive items. Before you even do anything, you should also ask if they are currently running any sales. Engagement and wedding rings aren’t uncommon to be included with up to 30% off.
What Does Carat Mean?
Diamonds don’t need to be overly expensive. There are cheaper alternatives to the kind of jewellery worn by Elizabeth Taylor or Jackie Collins. Also, the size of a diamond does not determine its quality. Instead, the quality of a diamond is rated in terms of a carat.
Carat essentially means the weight of the diamond. For example, 1 carat is equal to 0.200 micrograms in weight or 1/5 of a gram. The price of a diamond is not solely based on its carat and there are many factors that can affect the price. Therefore, a large diamond does not necessarily mean being expensive.
Other Factors that Affect the Price
When determining the price of a diamond, there are many things that a jeweller considers. Not only the weight in terms of carat but cut, colour and clarity of the diamond are considered. Along with the carat, this process is known as the 4 C’s.
High-quality diamonds are colourless and internally flawless. These are among the most expensive diamonds available. More colouring lowers the value. How the diamond is cut also affects the value. There are three factors when considering to cut:
- Scintillation: noticeable patterns when a diamond is tilted.
- Brightness: how well light is reflected internally.
- Fire: the amount of sparkle.
Clarity is also one of the most important aspects of a good quality diamond and refers to colour blemishes inside the stone when held against the light. All of these factors are taken into account when considering the price of a diamond. Because of this, a diamond can range from £1,000 into the millions depending on the combination of the 4 C’s.