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.