The diamond is unique in the hierarchy of gems. Its elegance has been revered since its discovery.

Whether you have experienced buying diamonds for engagement rings before or not, you may be unsure as to why one is worth $3000 while another one is only worth $300. What goes into determining the price of a diamond?

The physical weight of a diamond is referred to as its “carat”. The value of a diamond is directly proportional to its size. The larger the diamond, the more valuable it is, because larger diamonds are less common. Greater size makes the diamond more spectacular, and therefore increases the purchase price.

Carat size may push the price up, but only slightly if there is no clarity. Several facets determine clarity on both an internal and external basis. Internal aspects, dubbed inclusions, and external aspects, dubbed blemishes, all contribute to the overall clarity score.

The number of inclusions as well as their size and tint all factor into the overall clarity score, as do the number and size of surface blemishes. A flawless diamond is at the top end of the clarity scale, referred to as ‘pure’. An inexpensive diamond may carry with it the classification of ‘heavily included’.

Therefore the more severely included a diamond is with crystals, feathers, or other types of internal and external flaws, the lower its value. These deformities are due to the cooling process of the diamonds against other materials. Clarity is highly prized, especially in larger carat diamonds where the imperfections are more detectable.

Color is the next factor that determines a diamond’s overall value. If possible, a diamond should be as clear as water, but this is not always the case. Colors from other gases and minerals around during the time of the diamond’s formation may have altered its clean appearance and left the gem tinted.

Diamonds range in color from a designation of “D” to “Z”, with “D” being no color at all, and “Z” being a diamond with a color that is deep enough to be very noticeable to the human eye.

Lastly we need to understand the effect of the cut on pricing. The quality of the cut may not be as easy to evaluate for an inexperienced buyer as some of the other factors, but it is nevertheless a critical element as it gives the diamond its sparkle.

A diamond that sparkles and glitters can be said to have ‘fire’. The actual rating system uses common words like good, average, and irregular. The bottom line though is if you want your diamond to sparkle even in dim light, then you need to make sure the cut is impeccable, and that will cost you more money.

So there you have it, the 4 C’s of choosing a diamond: carat, clarity, color and cut. Understanding these basic concepts before you enter a diamond store will go a long way towards making an outstanding buying decision.

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