Diamonds are forever, a girls best friend, and downright expensive. In order to put that diamond ring on your finger, someone has to mine, ship, process, inspect, polish, set, and ultimately sell that diamond. With all of these various steps, it’s no wonder why diamonds are among the world’s most expensive items. Of every diamond mined throughout the world every year, far less than half will be gem quality. What happens to the rest of the diamonds?
Carat: Carat weight is the measurement for the mass of the diamond. Larger Diamonds are rare and hence more desirable for use as gemstones. Total Carat Weight (t.c.w.) is the term used to indicate the total mass of diamond or other gemstone present in a piece of jewellery. Hence the certificate for jewellery may contain the term t.c.s. which indicates the mass of diamonds in the particular piece.
Have your diamond items appraised by a qualified appraiser. If you do not know any appraiser, simply approach and seek help from the Appraisers Association of America. They will be more than happy to send you a list of appraisers in your area that you can contact and discuss about your diamonds in the fastest possible time.
Color Stones are judged by how clear and colorless they are. This is true for all diamonds except for rare and exotic diamonds which are known as fancy diamonds, like yellow, pink or blue ones. Those are judged on a totally different scale. For a typical white diamond, the scale runs from the letter D all the way to the letter Z. D rated diamonds would be the more expensive ones as they are truly colorless, while a Z graded diamond would be considered a light color diamond.
One other possibility is to invest in a managed fund that includes diamonds and diamond mining shares in its portfolio. Examples would include Merryl Lynch Gold and General, Merryl Lynch World Mining and J P Morgan Natural Resources – the latter has shown 50.6% growth in the year ending February 2006.
2) The price of diamonds is very sensitive to color grade, yet most shoppers have a difficult time seeing the difference between some of the color grades. If you buy the lowest color grade that looks beautiful to your eyes, the lower price per carat allows you to buy a bigger diamond with your dollars. The highest color grades (D, E, and F) are categorized as “colorless.” The next color grades (G, H, I, and J) are “near colorless” and the source of beautiful diamonds at much lower prices.
Checking for flaws or chips is much easier compared to those already set in jewelry. Prongs that hold a diamond in place can hide the diamond’s flaws underneath. However, in a loose diamond, a buyer can inspect the diamond at every angle – front, back, sides, top, and bottom. Once flaws are visible, buyers can ask for a new one and make sure that they get value for their money.