Bigger Isn’t Always Better
Bigger Isn’t Always Better
Diamonds are created with tremendous amounts of heat and pressure. Despite their natural formation process, they shine and sparkle beautifully. Diamonds are graded according to the gemological institute’s (GIA) standards commonly referred to as the “4Cs”. Those standards are made up of cut, color, clarity, and carat weight.
Carat weight, as the name implies, specifically deals with the amount that a diamond weighs. The more carat weight a diamond contains, the more valuable it is. We know what you’re thinking, “a large diamond is your ticket to the lavish life”. However, you’ll soon see that bigger isn’t always better!
Diamond Weight
Understandably, a large diamond will equate to a large cost due to its increased carat weight and rarity, especially when you factor in all of its other specifications, (the 4Cs). When making the decision to purchase a diamond, the amount of investment can be a concern to any potential customer.
Slight weight variations create a large impact on the price of a diamond, therefore, ensuring that your diamond is weighted correctly is imperative. In most cases, the price of a diamond is found by multiplying the carat rate by the price per carat.
Depending on the diamond’s cut, color, clarity, and of course, carat weight, you could be looking at quite the investment. Instead, why not consider a smaller carat diamond that offers all of the exquisite style and charm without overextending your budget?
Affordable Diamonds
Though round diamonds are commonly loved by most, they will also prove to be at the top of your budget. The cost of diamonds continues to increase as the carat weight does. If you’re looking to purchase one that is just as radiant without the major investment, there are wonderful alternatives that exist.
Some of these include; Oval, Asscher, Princess, and Emerald cuts. These diamonds offer exquisite details and beautiful scintillation. The Emerald cut is by far the least expensive of these. This cut, in particular, creates all of the razzle and dazzle that you’re looking for and is also budget-friendly.
Though only 3% of these diamond types exist in the world, making them a rare find, their price tag remains low due to its lack of demand. However, the long rectangular shape of the Emerald cut makes for a beautiful piece of elegant jewelry and a simply extraordinary choice for an engagement ring. Its “hall of mirrors” effect continues to be a hit with countless customers across the globe. It’s unique shape and style is popular with fans of vintage as well as modern jewelry pieces.
Diamond Resale Value
You may walk into your local jewelry store thinking that you’ll receive a sizable amount of cash from selling your large and lovely diamond. While you wouldn’t be very far off from the truth, you must also consider its resale value. Resale value is the amount that can be made from the diamond in the future.
The trouble is many consumers can’t afford the hefty price tag of a large diamond. With that being said, a round brilliant diamond could sit in the jeweler’s safe for months or even years. In this event, it would be a better value to the jeweler to purchase a smaller and more cost-effective option.
Selling a smaller diamond might work to your benefit as well. While, a jeweler may choose not to purchase your large diamond for the aforementioned reasons, your more modest diamond may be exactly what they are looking for. This will create a win-win situation for both parties involved.
Factors to Consider
Most of the time, when you’re out shopping for a breathtaking diamond with amazing sparkle and luster, weight is not your main priority. Taking into account the cut of the diamond becomes key in this instance.
You’ll want to ensure that your diamond displays the light beautifully. This is accomplished by the stone’s cut. The diamond in question may be large and eye-catching, however, if the cut isn’t quite right, it simply won’t shine. It may turn out that a 0.95 ct is much more reflective than the 1.00ct! This is the case more often than not.
In order to truly know if your diamond has been assessed and evaluated correctly, you must check its GIA Diamond Grading Report. This report will give you all of the necessary information about your particular diamond so you can make an informed decision.
Summary
Size is certainly not the first thing that should be taken into consideration when purchasing a diamond. It’s all about the “wow factor”! The right diamond should offer the ability to turn heads time and time again. Larger diamonds cannot always provide those results.
More important than a diamond’s size is its cut followed by its color and clarity. Carat weight is the last factor that you should take into consideration. Remember, you’ll want your diamond to continue to catch the light for a lifetime. You’ll also want to think about the resale value of the stone in the event you decide to sell your diamond in the future. It’s much better to make the wise choice than the biggest choice!
About the Author
Vasco Assets Inc. is a privately held international investment firm located in Newport Beach, California. Vasco Assets has over 35 years of industry expertise from investing, lending, buying and selling of luxury items to collaborating with charities in developing custom offerings and much more. At Vasco Assets, we create and cultivate long-term, multi-generational relationships with our clients.
Vasco Assets’ diversification in the global economy helps maintain our position as an independent international institution that is not subject to the fluctuations in the market conditions. In recent years, we’ve been making significant investments in our patent-pending technological platform and applying them to lending, investments, and fostering our client relationships.