Posts Tagged ‘diamonds’
Diamond Grading Reports
You?ve been told that having a certificate or a diamond grading report is important, and as a responsible consumer, you get one ? unfortunately, you probably won?t understand a word of what is on that diamond grading report, unless you are a jeweler.
On the color grading scale, D, E, and F mean that the diamond has no color. G, H, and I means that it has very little color. J, K, and L means that the diamond has a slight yellow color. P, Q, R, S, T, U, V, W, and X means that the diamond is a darker shade of yellow. Z means that the diamond has a fancy color ? other than white or yellow. On the color grading scale, D is the most valuable, and X is the least valuable ? however diamonds that get a Z rating are the rarest and most expensive diamonds in the world.
Tags: diamond grading, diamonds, fancy color, grading scale, jeweler, responsible consumer
Diamond Brands and What They Mean
Diamonds are one of the few products that simply cannot be ?branded.? Even though there are different cuts, different grades, and different values placed on each and every diamond in existence, no diamond is any specific brand ? just as gold is not a specific brand.
Branding is actually based on who owns the diamond. For instance, if DeBeers owns the diamond, it is a DeBeers Diamond ? but it is still just a diamond. If the diamond was cut by a specific well known cutter, then it might be branded in that way as well ? but it usually isn?t. It is still branded based on who owns it at the time. So basically, when it comes down to it ? diamond brands mean absolutely nothing at all.
Tags: debeers, diamond brands, diamonds, existence, exorbitant price, gold, jeweler, jewelers, mother nature, trickery
Insuring Your Diamonds
Insuring a diamond takes a bit of thought, planning, and shopping around. Diamond insurance isn?t like purchasing car insurance. It is quite different. Depending on the state that you live in, there are basically three different types of policies that will cover diamonds, and all insurance policies that cover diamonds are considered Marine type policies.
The first type of insurance policies for diamonds is an Actual Cash Value policy. If the diamond is lost or damaged beyond repair, the insurance company will replace the diamond at today?s market value, no matter how much you paid for the diamond to begin with. This type of insurance policy for diamonds actually is not that common.
The most common type of insurance for diamonds is Replacement Value insurance. The insurance company will only pay up to a fixed amount to replace the diamond that was lost or damaged beyond repair. This does not mean that they will pay that amount ? it means that they will pay up to that amount. In most cases, the diamond can be replaced at a lower cost.
Tags: car insurance, crime rate, diamond insurance, diamonds, high crime, insurance, insurance agents, insurance company, insurance coverage, insurance policies, insurance policy, jewelers, s market, shopping, value coverage
How Diamond Prices Are Determined
Pricing most products is quite easy. Determine how much it costs to make the item, how much it costs to market that item, and then mark it up by 15 ? 30% or more. Simple, right? Well, pricing diamonds isn?t quite that simple. There are many factors that are considered when diamonds are priced.
Diamond prices are determined first by adding the cost of the rough diamond, the cost of cutting the diamond, and all other costs necessary to turn the rough diamond into a marketable diamond. Depending on the importance of the diamond, an independent company may be called in to certify the grade of the diamond based on color, cut, clarity, and weight.
Tags: clarity, diamond dealers, diamond price, diamond prices, diamonds, gemological institute of america, grading company, independent company, polisher, price calculators, rough diamond, wholesalers
About Diamond Weights
Diamonds are measured in Carat Weight. One carat weighs 200 milligrams. If a diamond is referred to as four grains, this also means that it is a one carat diamond. The word Carat comes from the word carob. A carob is a bean that grows on a tree in the Mediterranean. In times past, if a diamond weighed the same as a carob bean, it was one carob, or one carat.
However, in the far east, where Carob trees do not grow, rice was used to measure the weight of a diamond. If a diamond weighed as much as four grains of rice, it was four grains ? or one carat as we know it to be now. The majority of diamond purchases are for diamonds that are 1/3 of a carat.
Tags: 200 milligrams, carob bean, carob trees, ctw, diamond purchases, diamond weights, diamonds, grains of rice, jeweler, jewelry, largest diamond, mediterranean, one carat diamond, total carat weight
Bonded Diamonds
Before you start shopping for diamonds, consider dealing with a bonded jeweler. Bonded jewelers sell bonded diamonds, and there are very few bonded jewelers in the world. In fact, out of all of the jeweler?s in the world, only about 5% of them are bonded. Buying a bonded diamond will cost more than buying a non-bonded diamond, but when you look at what you get with the bonded option, you will see that it is well worth the extra expense.
First, bonded diamonds have a buy back policy for the life of the diamond. No matter how long you have had the diamond, you can take it back to the bonded jeweler and sell it back to him or her, for a 100% refund. If a jeweler does not offer a 100% buy back guarantee, for the life of the diamond, then you should take a closer look at the diamond to see what is wrong with it.
Tags: amount of money, appreciation rate, chips, closer look, diamond, diamonds, guarantees, inflation, ins, jeweler, jewelers, market crash, piece of mind
