Diamonds are comprised of unmodified carbon, and they are the hardest objects known to man. They are formed due to extremely high temperatures and high pressure far beneath the surface of the earth’s crust. Volcanic eruptions bring these one to three billion year old gems to the surface, where they are mined from rivers by means of dredging and sifting. Only one carat of usable diamond is found for every 250 tons of earth processed. Only 20% of diamonds found are even worthy of being used for jewelry. This is why diamonds are very expensive. They are rare and precious gems of incomparable beauty.
Diamonds are a symbol of love because of their indestructible composition. Since diamonds last forever, the commitment of love associated with marriage makes them the perfect token of devotion and adoration. A diamond ring is a sign of commitment to the person you intend on spending the rest of your life with, so choosing a diamond is a momentous occasion. Knowing what to look for in a diamond is beneficial when making this important decision.
Diamonds are graded according to cut, color, and clarity. They are graded by diamond grading laboratories that use a special scale to determine these attributes. The most recognized independent diamond grading labs are The European Gemological Laboratory, The International Gemmological Institute, and The Gemological Institute of America. You will often see the initials of these leading laboratories on diamond appraisals.
Diamonds are graded on color from “D” to “Z”. You will pay a premium price for colorless diamonds in the D, E, and F range. Brilliantly colored diamonds are the most expensive of all because they are quite rare. The most common diamond color is yellow or cognac. There are also varying shades of champagne. Blue and red diamonds exist, but are even rarer.
The clarity of a diamond is determined by flaws and inclusions within the diamond and how easy they are to see. Flawless, internally flawless, and diamonds listed under VVS and VS on the clarity chart are higher in price. Near colorless diamonds that are considered “SI” (slightly included) are the best value.
The cut of a diamond will also determine the cost. You will pay more for an “ideal cut” diamond. Diamonds considered slightly less than ideal will cost less but still offer a brilliant look.
Diamond jewelry having a serial number engraved on the side for security purposes will cost you more. If you’re on a budget, this option may be one you can do without.
Avoid mall stores when shopping for your diamond jewelry. These stores typically have higher overhead costs. Shop for your diamond jewelry in stores that offer diamond guarantees that are free of charge. Should you lose or break a diamond under normal conditions, they will repair or replace the diamond at no cost to you. Most jewelers offer this service, but most are not free.
Avoid jewelry stores that have set prices on diamonds. They guarantee low prices, but they’re not necessarily the lowest. Keep in mind, there is a HUGE mark-up on most diamond merchandise. Don’t be afraid to ask for a lower price on a diamond. Some jewelry stores will accept a lower price if you’re paying with cash rather than putting the item on layaway or paying with a credit card. Asking if the item is the best possible price could save you hundreds or even thousands of dollars.
Use these tips and suggestions to get the diamond jewelry you want at a price you can afford. Keep in mind that love is priceless, and you shouldn’t have to pay a fortune to get the diamond jewelry you desire.
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