A sparkling diamond can lure anyone to possess the stone but this might cause financial loss too if you don’t know how to buy a diamond smartly.
Only few people know that diamonds are measured in carats, which is a major factor into deciding a diamond’s price too. If you are smart enough to picking the right carat for diamond, you can buy the stone at reasonable price without compromising diamond’s quality. Let’s have a dig in the details here.
What are Carats?
Usually People are familiar with the term ‘Karat‘ which is a measurement unit for gold to examine its purity but they don’t know much about ‘Carat‘ a similar term of karats. A carat is a weight measurement unit for diamonds. 1 Carat is equal to 200 milligrams (0.2 grams) or 0.00705 ounces. It is denoted in ct also. Diamonds are also measured in points; a point is equal to one-hundredth of a carat.
How carats affect a diamond’s price?
Carat is the universal unit to measure mass of a diamond. Though it does not reflect proportionate relationship in the price, for example a 2ct diamond will have three or four times prices of a 1ct diamond’s price.
What are the most popular carat sizes?
Usually carat sizes in round numbers (1ct, 2ct, etc.) and their fractions (0.25ct, 0.50ct. 0.75ct. etc.) are more popular than odd sizes. If you buy a diamond in non-rounded or non-fractional numbers (i.e. 1.1ct, 1.2ct. 1.3ct, etc.) you can grab that piece at lower prices regardless quality of the stone.
How can I save money using carat intelligence?
Diamonds available in un-popular sizes come with a lower price tag so you should try to buy diamonds in unpopular carat sizes. It can save your few hundred dollars on diamond buying without neglecting stone’s quality. One more thing to remember that diamond does not come in perfect carat sizes but comes in approximate sizes for example if you ask for a one carat diamond, you will be shown stone slightly above than 1ct. (e.g. 1.01ct, 1.02 ct or 1.03ct).
Other factors deciding diamond’s price
There are 4C’s (Cut, Color, Clarity and Carat Weight) formula to evaluate a diamond’s price which are as follows:
Cut: A round shape cut diamond comes with higher price tag while other cuts including emerald, heart, marquee, oval, pear and radiant are also considered as best quality diamond cut.
Colour: The Gemological Institute of America (GIA) rates diamond from D to Z on the basis of the color clarity. The perfect crystal clear colorless diamond are rated best resulting in high prices whereas other diamonds rating from D to Z are available on lower rates.
Clarity: The flawless clarity of diamond is another major factor into deciding a diamond’s price but imperfect diamonds can be bought on spending less than diamonds with flawless clarity.