The cost of diamonds varies tremendously. It all depends not just on the weight of the diamond but also on the quality or grade of the diamond as well.
It is possible to get 2 one carat diamonds, for example. They both weigh the same but one is of a higher quality than the other. This can make a difference of one or more thousand dollars to the price not to mention having a diamond that is either worth something or worth peanuts.
So how can you tell if the cost of a diamond is worth it?
If you are considering buying a diamond then you need to get a proper evaluation of that diamond. An appraisal of the qualities that diamond displays, such as the color, the clarity, and the cut as well as the carat weight, so a proper and true grading can be made. Getting a simple certificate from the jeweler that is selling the diamond is not really sufficient. The jeweler has a vested interest in only displaying the best features of the diamond and this often only means emphasising the weight, “It is a excellent quality diamond of .5 of a carat”. But this means very little and is only a collection of superlatives. It could be the finest diamond in the world worth several thousand dollars or industrial grade and worth about one or two hundred.
So an independent appraisal is vital to ensure you are getting the true story about the value of the diamond.
There are gemological laboratories around in most countries that specialize in analyzing diamonds and all their qualities to ensure that the grading of that diamond is accurate and truthful. Some examples are in the links to the right. Many can be found in your local phone book. If they are far away then you might have to send the diamond away for analysis. Registered and insured post would be a must here or even, if the diamond is worth several thousands of dollars, a trip to the nearest city where a laboratory may be found might be in order.
The cost of the appraisal is nominal compared to the actual value of the diamond and the security in knowing what one has and the true value. Especially when it comes to insurance or a possible resale later down the track.
The cost of diamonds can be found out quite easily and it is important that you know what you are buying and what the real cost of diamonds is before you buy it.