This is a topic that a lot of people have a hard time understanding. How can completely different Carat Weights (Quantity
) be all the same exact price?
Let's take 5 different Round Brilliant Cut Diamond sizes:
• .50 (Half Carat) Diamond
• .62 (5/8 Carat) Diamond
• .75 (3/4 Carat) Diamond
• 1.00 (1 Carat) Diamond
• 1.50 (1 1/2 Carat) Diamond
There are huge size differences between these Diamonds, yet they are ALL THE SAME PRICE! Which is...
People know that Color and Clarity affect the price of a Diamond, but come on, this much? Double and Triple the Size for the same price? Is this even right?
It's true! The bigger Diamonds may not be the best looking Diamonds, but they will certainly be big!
So let's start at the .50 Carat Diamond and work our way up, shall we?
The .50 Carat Diamond that sells for $2000 is a VVS2 Clarity, with E Color. Which in anybody's book, is Top of the Line. Excellent Clarity, Excellent Color, Exceptional Diamond! This Diamond will be full of Life and Brilliance and Sparkle. Very impressive! Simply Magnificent!
For the same price of $2000 you could step up into a bigger Carat Weight. You could get a .62 point Diamond, and you would only go down one notch in both Color and Clarity. For $2000, this .62 Diamond (for example only) is VS1 Clarity, F Color. That's still awesome! To the naked eye, these 2 Diamonds (VS and VVS) will look like the same Quality! And even under a microscope it would be difficult to spot any differences. For the same price, with barely any visible differences, and a bigger Carat Weight, I'd say this stone is a winner! VS1, F, is absolutely beautiful. You just can't beat a Pure White Diamond...
Are you sure about that?
Maybe you can... Look at this. This next Diamond is an even more interesting find. A .75 point Diamond selling for $2000 as well.
It looks so big in fact, when you put it side by side with the .50 Diamond, it looks almost double the size. That's a noticeable difference especially for the same price tag! Plus, the Quality of this .75 is not too bad either... SI1 Clarity, H Color. SI1 means it will have no eye-visible Inclusions (You'll need a microscope to see the flaws), and H Color means that the Diamond is a 'Fine White' Color, which is at the high end of the Near Colorless Range.
Now this Diamond won't be as Bright or as White as the VS1, F, but most people would never notice the difference unless you put them side by side. To the average person, an SI1, H will look stunning and sparkle just as much. Under a microscope, sure, you'll be able to tell the difference, but to the naked eye... Not bad! This Diamond is a great buy! I mean, it is still a 'Fine White' Diamond with no black spots. How could you go wrong? You can't really!
Here's a 1.00 Carat Diamond for the same price??? You've got to be joking? 1.00 Carat for $2000? Now that sounds sweet! But is the Quality bad?
To be honest with you... Not really! It's not great, but...
The Clarity does drop down to an I1 (Big Drop!). And the Color does drops down to an I...
Not only do you drop down into the Lowest Clarity Range there is on the market (I Clarity), but the Color doesn't look so White anymore does it? But it's got the size... Mucho Grande! Every girl dreams of a 1.00 Carat Diamond... What a tough decision! The I Color does add a little warmth to the Diamond, no biggie...
Will anyone notice?
Probably! This Diamond doesn't sparkle like the .75 Diamond or the smaller Carat Weights, and you can see Black Spots and Clouds and Flaws in this stone, but the size...
Why stop here?
You could go even bigger. Much bigger! You could get yourself into a 1.50 Carat Diamond, I2 Clarity, J Color for the same $2000. (This is really working the money!)
I2 Clarity is starting to get really scary though. The Inclusions are MUCH bigger. The Diamond looks Cloudy, there's barely any Life or Brilliance in the stone, and it does have a Yellow cast to it (Like a Yellow piece of Salt!), but hey, it's big! Who says Bigger is Better?
Putting this 1.50 Carat Diamond up against the .50 Diamond is an real eye-opener. The difference of Quality is Night and Day. It's almost startling! Seeing them in person might make you gasp!
So what does one do? Do you choose:
Size or Quality?
This is what makes buying a Diamond so difficult. No one can tell you what's better or worse. Different people have different opinions. Some will sway towards Size and Bling! But others will lean towards Quality. Some don't want to see black spots in their Diamond! Do you?
Most people tend to stick somewhere in the middle. Probably around the .75 Carat, SI1, H range! Middle ground is usually the best answer. You still get a big stone with a good Color and a good Clarity. Anything lower in Quality is probably going to be questionable. And anything higher in Quality is just going to be more money! I recommend letting the microscope help you decide.
View the Diamonds
View the Diamonds under 10x Magnification before you buy them. Look at the Clarity. Look at the Color. Judge for yourself. Study the Certification Papers. Compare Similar Quality Diamonds side by side. Every single Diamond is different and every Diamond will look different under a scope.
Diamonds are always a balance of Clarity and Color. If the price stays the same and the Clarity goes up, the Color will always go down (and vice-versa). Which means, an SI1, H Diamond will probably be the same price as a SI2, G Diamond. It's a give and take. Something has to give.
So what are you going to give up in your Diamond? Color? Clarity? Carat Weight? or Price?
Or will you just suck it up and spend twice the money? Because really, you could buy the best Diamond there is, a 8.00 Carat Diamond with VVS2 Clarity and D Color, G.I.A. Certified, Ideal Cut, for only $925,000.00! Pocket change, right?
It's your call... And your money!
Quantity or Quality?
You be the judge!
P.S. These Prices are used only as examples for this blog and do not reflect the going rate for Diamonds or Quality! Check your local Jewelry Store for current listings!
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