There is a wide range when it comes to slapping a price on diamonds they can be a bargain deal that you cannot believe or a high priced deal you’d rather stay far away from…
That’s right diamonds the shiny so called jewelry that drives ladies insane among other material dangling from their ear lobes or neck or wrist or finger tips. The list tends to go on and on as we speak. The DPI takes this all into account and consideration of course and the average retail price begins.
A retail price per carat of the loose diamonds from various jewelers around the web and then some begins to unfold itself piece by piece.
Prices are calculated from and for groups of the weight ranges laced as well as by color and clarity. So in this case it’s a very picky one it seems. This has all along been controlled by the De Beers Group, which has an estimated a 40% to 50% market rating.
Where Do Most Of The Diamonds Come From
Botswana is currently the largest producer around when it comes to diamonds with mines being operated by Debswana a joint venture between De Beers and the Botswanna government.
Since the 1980s however many other producers have determined to make up their own companies and what have you, some developing new mines in Russia, Canada, and Australia for instance.
Clearly challenging De Beers dominance instantly. Historically speaking De Beers market share was considerably much higher back than at least 800% higher.
De Beers decided to go through a trading phase and threw its company known as the DTC down a whole new direction, causing the price of diamonds to go three times higher in 2004 by a total of 14%. Now that is saying something. While on the other hand the U.S. was becoming a bigger consumer of the worlds diamond supply.
Who Sells The Most Diamonds
The U.S.A accounts were around 35% of all diamond sales, Hong Kong 26% and Belgium 15% Japan 6% and Israel 4%. Israel and Belgium being the most important ones in effect, these two Hubs were in the main trading route for diamonds so its consumption numbers may be misleading.
With the diamonds prices rising causing which in effect causes the prices to vary widely depending again on the color, carrot you know the drill. In contrast to precious metals around the world there is no universal world price per gram for every diamond in existence.
The industry does however use tools to figure this out when its comes to what the diamond is really worth.
Where To Find Useful Information About Diamonds
The Rapaport Diamond Report and The Gem Guide were published weekly or quarterly as the annual and main price references. In addition to the series of online and print publications various institutions are having various standards put into effect that are being used to aid in the diamond identification and pricing situations.
Gemological Institute of America, American Gemological Society and International Gemological Institute are three such institutions. In other words the American Gem Society or the (ACS) uses a cut grading system that assigns the diamonds a grade if you will number them between 0 and 10.
This AGS Cut Grade reflects upon the impact of 3 main key elements on a diamonds beauty and value. Little did we know that diamonds had such beauty in the first place? But the elements are as follows, proportions, symmetry, and polish all looked and used in full effect when it comes down to grading each and every diamond in play.
To break it down even further the proportions are the sizes and angles while the symmetry is the balance and evenness of the faceting and shape. The polish to the diamonds surface and quality and characteristics such as abrasions, scratches, nicks, and polished wheel lines.
The AGS Ideal 0 cut grade represents itself in the very best form of diamond cutting possible.
For example a diamond with a cut grade of 1 or a 2 is a very fine cut indeed whereas a 5 cut diamond grade has its variations of the overall appeal. It may appear to be somewhat washed out or darkened through the center.
Not really worthy of a look if you will so call it. Overall the diamond tends to go through a wide variety of processing and various situations along the way. From it being inspected to cleaning it up for a sale pitch price, the diamond is indeed put into play.
You might also like to read our post on Should You Invest in Diamonds
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