Why is the diamond so expensive?
In this guide, we will see why diamonds are expensive and how to find a quality diamond at the best price for a ring, a piece of jewelry, a wedding band or an engagement ring. You will see why diamonds are rare and so expensive to buy from a diamond dealer or in a jewelry store. There are many precious stones, but the diamond is the most expensive among all the precious stones present in the jewelry industry. Known and recognized by everyone, the diamond is very much in demand and sought after while the global stock is running out. That's why diamonds are very expensive, it is indeed the most expensive precious stone in the world. In terms of its use, elle is very popular in the jewelry sector, the diamond is often used on rings and jewelry such as wedding bands, engagement rings, necklaces, earrings, bracelets... This natural mineral made of very resistant and very hard carbon is becoming rare and more expensive over the years. First, we will look at the history of the diamond.
The history of the diamond: From mines to jewelry, a long journey
Long before the appearance of man, diamonds were formed 150 km underground and brought to the surface by volcanic eruptions. To find a diamond, it requires a huge investment upfront to detect an area where there is potentially diamond, then invest in opening a mine and invest monthly to ensure the operation of the mine. To give you an idea, it takes about extracting, sorting and controlling 250 tons of earth to find a diamond.
After finding diamonds, only one diamond out of five will be selected to be used in jewelry-making.
If it is selected, the diamond will then be polished and will lose 40% to 60% of its volume during polishing. It will then be usable by diamond dealers, jewelry craftsmen and jewelers for your diamond ring or jewelry.
The diamond, a precious stone unlike any other.
The diamond is made of very resistant and very hard carbon, it is the most resistant mineral we know at the moment (10 on the Mohs scale). Because of its resistance, it is also its brilliance that greatly appeals to the general public, it naturally brings to your jewel or ring a sparkle in the light unmatched and superior compared to other precious stones. You will therefore not go unnoticed with a diamond on your jewel.
A precious stone, rare and with a lot of demand. As we have seen in "The history of the diamond: From mines to jewelry, a long journey", one in five diamonds is usable for your jewelry, the rest will be used for industry. This is why the price increases due to its rarity, but also in relation to the demand for diamonds in the jewelry industry.
How is the price of each diamond calculated?
The price is not only determined by its rarity, there are different characteristics that determine the price of a diamond. Remember that a diamond is a natural mineral, meaning that each diamond is different.
Here are the different characteristics of a diamond:
- The color of the diamond
- The clarity of the diamond
- The cut of the diamond
- The weight of the diamond
We will not go into detail about the different criteria for estimating the value of a diamond. If you want more information on these criteria, feel free to consult our article on Understanding the quality of a diamond? Explanation from a Diamond Dealer.
But to put it simply, the clearer and more colorless the diamond, the higher its value will be.
Its clarity corresponds to the inclusions present on the diamond, the more inclusions on the diamond the less expensive the diamond will be.
The cut of the diamond is the proportion of the diamond, its cut for example how the diamond reflects light. Again, a diamond expert or certification laboratory will give a rating for each diamond in order to estimate the fairest price.
The weight of the diamond, measured in carats (1 carat = 0.2 gr) is the standard unit of measurement to know the weight of a diamond. Again, the higher the weight of the diamond, the more likely its value is to increase (note that the weight of a diamond is not the only factor in estimating its price, there is also its quality and rarity).
Here are the different reasons why diamonds are so expensive. You have seen in this article that diamonds are very rare, require a lot of work and money to find. Due to its rarity, the quality criteria are also very strict and only 20% of the diamonds found will be usable for your ring or jewelry.
Celinni Diamond Dealer: Diamonds at the best price
Celinni.com, one of the pioneers of online jewelry in France, the first French diamond dealer for 6 generations, one of the only French members of the Antwerp diamond exchange offers you the widest and cheapest diamond offer on the market with nearly 100,000 HRD, IGI and GIA certified diamonds.
Our goal will always be to guarantee you the best quality/price ratio and the lowest price for all your stones and diamonds, by offering you prices 40 to 60% cheaper than in a traditional jewelry store.
How do we do it? It is thanks to our longevity, our experience, our organization limiting the number of intermediaries and our international network that we manage to find quality diamonds at the best price.
Do not hesitate to consult our certified diamond search page directly on Celinni.com by following this link: Certified Diamonds Search™
Celinni Diamond Dealer: Affordable Diamonds in Paris, Nice, Lausanne and Antwerp
If you are near Nice (Cannes, Antibes, Monaco...), Paris, Lausanne in Switzerland or Antwerp in Belgium, do not hesitate to contact our showrooms present all year round in these cities. Our diamond dealers will take care of your diamond purchase project by offering you the best possible price.
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