Products in most industries are relatively easy to price when you look at things in broad terms. After all, you simply determine the cost of making and marketing the item, and then mark it up for profit.
Sadly, pricing diamonds is nothing like most other commodities, mostly because there are so many different factors that influence the price in diamonds.
Current Diamond Price
Basically, the way the price of diamonds is determined is by adding the cost of the rough diamond to the cost of the procedures required to make it into a marketable form. This includes cutting and polishing the stone and, if it is to be sold as a loose diamond, certifying it. However, the cost of the rough diamond and the procedures it goes through have an almost infinite range.
The color, clarity (absence of defects), and weight (carat) of the rough diamond will affect pricing with the slightest of variances. Also, the cutting and polishing of the diamond plays a big role in final value as well.
One factor in determining diamond prices that you have to keep in mind is the diamond changing hands until it gets to the consumer. From the mine to the cutter/polisher to the grading company to the consumer, each person or business that has their hands on the diamond seeks to make money from it and thus, drives the price up.
Obviously, the earlier in this “process” that you can purchase a diamond, the less the price is likely to be.
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