Diamond Jewellery Buying Tips


wealthymatters.comDiamonds can be good investments for the people who know what they are doing and have a means of cashing them in on favourable terms.However investing in gold is a lot easier than investing in diamonds.So even at times like this, when the rapid rise in gold prices, tempt many people to look towards diamonds,there is a tendency to think of diamonds as valuable fillers and focus on the gold content of jewellery. So if you don’t want to spend too much on diamonds,here are some tips to help economize and still get good results.

(1)For the best value in what would appear to the naked eye as a colorless diamond, look for G-J diamonds. Because color is easier to detect in larger diamonds, opt for G-H in diamonds over 1 carat, and I-J for those under 1 carat. Once set in a ring, these diamonds will look just like higher color grade diamonds. Instead of investing in higher color, invest in higher cut, the most important factor in a diamond’s brilliance.

(2)Because diamonds with more facets reflect more light, they tend to hide color better than other shapes. So, consider round, princess or other modified brilliant cuts over step cuts such as emerald or asscher if you are concerned about color.

(3)If you are concerned primarily about carat weight, and are on a tight budget, consider a yellow gold setting and a round diamond in the K-L color range. A lower color diamond with a higher cut grade will have more sparkle and visual appeal than a higher color diamond with a lower cut grade.

 

Historical Diamond Price Trend Chart


wealthymatters.com

Diamond Colour Chart


wealthymatters.com

Except in the case of fancy diamonds,where vivid colours are preferred,the most prized diamonds are colourless and grading a diamond optimistically is a fine way to improve margins.I use the chart above to judge colour. Ideally diamonds should be colour graded before setting them because the metal colour is taken up by the set stones.A good workaround to the problem is to wear a diamond of the grade you wish to purchase set in the metal of choice and compare with the gemstones in the piece you wish to buy.This way the effect of different colour lights can be controlled too.Slightly yellowish stones might not show on yellow gold but why pay more for them?

Diamond Size Chart


wealthymatters.com

Here is a chart I find useful to get a general idea of the weight of diamonds set in a piece of jewellery.I use it to roughly estimate the price of the diamonds in a piece I am thinking of buying.Most jewellers merely give a gross figure of diamond weight not the weight of individual gemstones.The price of a carat of diamonds varies greatly depending on the size of individual stones.So being able to estimate sizes gives you a good chance to bargain.After all if  diamonds are to be treated as assets we need to be sensible about the price we pay for them.Hope you fund this chart useful too.