What makes a diamond so exclusive? And also, who gets to decide its value? Maybe this is the reason why the prices of diamonds often seem so mysterious.
Whether in antique jewellery or an engagement ring, family heirloom or a wedding ring, diamonds have always received supreme treatment as a gem that symbolizes class, elegance, and love. But how what is the worth of a diamond?
Rarely, the owner of a diamond pendant or any other piece of jewellery has ever taken much interest in that question. But when in need, it is the diamond that is going to recover you from the problems. Hence, it is essential to understand its value so that you can make a fair deal.
During a sudden cash crisis, you can always pawn your jewellery to get some instant cash. Since diamond holds a good market value, you can pawn diamond jewellery for a short-term fast loan. At The Luxury Hut, the expert evaluators will help you get an instant free quote and pay you on-spot.
But first, let’s understand how this whole process works.
Did You Ever Wonder How a Diamond’s Value Is Determined?
Well, 4 Cs Help to Verify a Diamond’s Value. They Are As Follows:
It is also important to note the position, size, brand and carat of a diamond. All these factors contribute to the valuation.
Let’s discuss each of the above factors briefly.
The value of the other three (Colour, Carat, Clarity) depends on what nature provides. But it is the brilliance of the craftsman who cuts the diamond that gives its cut value. It is the diamond’s cut that allows light to reflect through it. The ‘cut’ is the factor that churns out a diamond’s true beauty.
3 Optical Effects Created While Cutting A Diamond Are:
- The Fire – the way white light transforms into the colours of the rainbow
- The Brightness – White light reflects, both in and out
- Scintillation – The sparkle due to the pattern of the dark and light within the stone
Colour has a significant impact on the value of a diamond. For example, a big flawless diamond with blemishes can be worth less than an ultra-small diamond. Diamonds come in various colours like pink, blue, yellow, and grey.
- The colourless diamonds = the most valuable
- The stronger the yellow =, the lower its value
It is the lack of colour that generates more shine. Also, similar or identical looking diamonds can be valued differently based on their colours.
A diamond’s clarity is its purity. It takes into account the number of internal flaws and blemishes the diamond has. The fewer the count, the better and higher is the diamond’s value. Did you know that you have to magnify a diamond almost ten times to review the clarity?
5 Factors That Define The Clarity Are:
- Number of blemishes
Most of the time, you have to review the inclusions under the magnifying glass to identify it.
This is a key factor when deciding on the diamond’s value. Similar to everything else in the world, the higher the diamonds, the higher is the price.
How to Determine Diamond’s Market Value?
The most direct way to figure out the market value of a diamond is to calculate the prices of the stones with the same clarity, cut, weight, and colour grades.
For instance, you have an immediate need for cash. In this case, if you visit a jeweller or any other diamond dealer, they won’t pay you the retail price. This is because they can buy the same stone at a wholesale value.
So why not pawn it instead? You can always visit a trusted pawnshop jeweler to find out the diamond’s exact value. At The Luxury Hut, you can get an instant free valuation for your jewellery. As trusted pawnbrokers in London, the evaluators will give you the best competitive price for your jewellery.