Sunday, 21 January 2007

How to Save Money Buying Diamonds (part 1)

If you are serious about buying diamond jewellery, then it pays to know a little about how the price of a diamond is determined.

In this case, a little knowledge may actually save you a lot of money…

You shouldn't be worried about taking the romance out of the process; remember you can always use the money you save to buy more gifts for your loved one!

In this article, we'll give you a brief rundown of the factors involved in determining the price of a diamond, and in further articles we shall go into more detail.

The Four Cs

Experts in the diamond industry use what are known as "The Four Cs" to judge the value of a diamond. These are Cut, Clarity, Colour and Carat weight.

  • Cut – As you would expect, this refers to the way in which a diamond has been cut. Obviously diamonds can be cut into many different shapes, and the quality of the cut will determine how well the diamond reflects light. A poorly cut diamond means that less light is reflected back to the eye, and hence it does not sparkle as much as a well-cut diamond.
  • Clarity - A natural diamond is created in the earth under incredible pressures. No wonder then that most diamonds have some kind of flaw. Experts call these flaws "inclusions" and they refere to tiny imprefections either within the diamond, or on the surface – where they are also referred to as "blemishes". Clarity, then, is the term used to refer to the amount of flaws in a diamond. Obviously, diamonds with no, or few, flaws are more valuable than those with less clarity.
  • Colour - Colourless diamonds allow more light to pass through, and consequently they are more "brilliant"—and more valuable. This does not apply to what are known as "Fancy Diamonds" – diamonds which are prized because of their colour, and indeed can be anything from blue to green, or even pink!
  • Carat weight – Diamond weight is measured in carats, with one carat being equal to 200 milligrams, or 0.2 grams. Larger diamonds are by nature rarer than smaller ones, and so their value is greater. Important: don't confuse "carat" with "karat"—the latter is used for talking about the purity of gold.

Well, we hope you found this information useful as a beginning guide. In further articles we will show you how these factors can help you save money.

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