Contact Person : Jack
Phone Number : +852 93608185
WhatsApp : +85293608185
May 15, 2022
The process of determining the price of a diamond ring begins with determining its quality level, which will serve as the basis for evaluating its retail market price as part of new jewelry, and then its resale value as a pre-owned gem.
Let's see how to determine the price of a diamond ring.
Quality 4C Grading System
Color, cut, clarity, and carat are four key qualities that affect a diamond's value.
If a diamond has a certification that specifies these characteristic data and grades, it becomes very simple to determine the quality of the diamond and relate it to other diamonds.
The easiest way to determine the market value of a diamond is to compare the prices of other diamonds with the same carat weight and clarity, cut and color grading.
You can do your research online and generate an average price that will serve as an indicator of your diamond's value.
For example, if the stone in your ring is F color, VS1 clarity, well cut, and weighs 1.0 carats, look for a string of loose diamonds of the same size and average the price.
Assess the value of metals
As another component of the value of a diamond ring, the price of the metal is largely determined by the material used to make the ring.
To assess the value of a band, first determine what valuable metal it is mainly composed of - such as gold or platinum.
The quality of the precious metal must then be determined—for example, 14-karat gold contains approximately 58.5% pure gold.
You can then weigh the ring (minus any gemstones), and taking into account the purity of its components, you can calculate how many grams or ounces of precious metal you buy or own.
Learn about its resale value
Wholesale pricing is also not a fair predictor of resale value, as the jeweler or dealer is likely to pay less.
The retail market price of your diamond is not the price at which you can sell it. A diamond dealer, such as a jewelry store or diamond buyer, will not pay you retail fees when they can wholesale the same diamond.
They don't give you as much incentive as suppliers because unlike them you can't offer guarantees and warranties, preferential financing arrangements, marketing support, and other benefits that wholesalers do.
20% to 30% of the retail price is a good estimate for your diamond ring. If you are lucky, you can also get 60% to 70%. This will be the best deal.
However, if you plan to sell your diamond ring to your friends or any ordinary person, you can easily sell it for 20% to 30% of the current retail price.
in one package!
Each diamond ring has its own price due to its metal, carat and density. However, if you really want to determine the value of your diamond ring, keep every detail in mind and check carefully.