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Archive for September 26th, 2006

Diamond Price Ring

Tuesday, September 26th, 2006

diamond price ringA diamond price for a ring can vary according to the diamond or diamonds used and the precious metal used for the ring.

The value or price of a diamond will depend on the quality of the diamond, its characteristics and its size.

The quality and characteristics are most important. What sort of cut is the diamond? What is its color, its clarity? The better quality diamond for the size the more expensive it is.

Probably your budget will be the first determining factor as to what sort of diamond you can buy. Diamonds can range from a few hundred dollars to many hundred of thousands. The price of a diamond will also increase expotentially to its size. Whereas a good quality diamond might fetch 2000 to 5000 per carat in the one to two carat sized, When you get to the 10 and 20 carat sizes the price per carat can jump to 10,000 to 30,000 dollars per carat. This is because the larger the diamond the more rare it is. 95 percent of all diamonds are industrial grade only and worth just a few dollars. They are used in industry for grinding and polishing among other uses.

Whatever your budget try to buy a diamond at the top of your range. That way you get the best possible diamond you can afford.

Ensure that the diamond comes with a proper certificate from an independent gemological laboratory, even if it is set in a ring.

Inspect the diamond and ensure that the setting in the ring is tight and it is not a loose diamond in anyway.

You should get a written statement also that the ring is what it is supposed to be. Gold, what type or Platinum and what karat it is.

Doing some patient browsing for a diamond price ring will ensure that you get the right diamond price before you buy.

EGL Diamond Certification

Tuesday, September 26th, 2006

EGL diamond certificationEGL Diamond Certification is done by the European Gemological Laboratory.

The price of diamonds is very much dependent on having a proper certification of that diamond.

A Certification is an assurance of quality. A diamond certification is a detailed diamond quality report issued by an accredited independent gemological laboratory. The most recognized gemological laboratories that provide certified diamond quality reports to the diamond and jewelry industry are listed below.

G.I.A. - Gemological Institute Of America
A.G.S. - American Gem Society
E.G.L. - European Gemological Laboratory
I.G.I. - International Gemological Institute

Certifications verses appraisals: It is vital to understand that appraisals are not the same as certifications and often not as accurate as a certified diamond quality report performed by an independent gemological laboratory. Such a report is based on a mechanical and technical examination of the diamond using verified test and electronic equipment . Appraisals are done individually by an appraiser and are only as accurate as the skill, knowledge and training of the appraiser.

A Certified Diamond Reports should provide the following information:

Shape
Measurements
Weight
Depth Percentage
Table Percentage
Girdle Thickness
Culet Size
Polish
Symmetry
Clarity Grade
Color Grade
Fluorescence
Comments about Diamond
Plot of Internal and External Inclusions

With the EGL certification, the EGL also issues a condensed report on a diamond known as a consultation. The difference between the consultation and the certification is that it does not have depth percentage, table percentage, polish and symmetry or fluorescence grades. And only documents the carat weight, color grade, clarity grade and plotting diagram. This is a quick short analysis useful when purchasing bulk diamonds.

EGL Certified Diamonds wholesale at as much as 20% less than similar clarity & color AGS or GIA certified Diamonds. This seems to indicate the diamond industry’s perception that the EGL certification does not quote equal the same standards of accuracy and reliability as say, the AGS or GIA certifications. This price variation can be utilized to find a diamond price below its actual quality but, for the most part, an owner of a diamond will recognize the true characteristics and quality of the diamond and price it accordingly.

So EGL Diamond Certification is, for Europe at least, a necessary activity to determine the price of diamonds.

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