Shopping and Gifts

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.

At this point, the diamond becomes more
expensive each time it changes hands, until
it finally reaches a retailer, where the price is
raised a bit more. Before reaching the
retailer, however, the diamond must travel
from the mine, to the cutter and polisher, to
the independent grading company, and
then to the Primary market. Once it has
reached the primary market, it will be
purchased by diamond dealers and
wholesalers, and from there it will be sold
to retailers.

As you can see, the earlier you can purchase
a diamond in the process, the lower the cost
of the diamond will be ? but not the value.
The value is based on what the diamond will
sell for in the market place ? through a retailer.

If you own a diamond, and you have no idea
how much it is worth, you can have it
appraised, but the appraisal may not be
accurate. You will be better off obtaining a
certificate through GIA ? Gemological Institute
of America. With the information on this
certificate, you can use a cutter’s guide to
accurately determine what your diamond is
worth.

There are also many diamond price
calculators available. These can be found
on the Internet, and many diamond dealers
use these as well. You must realize, however,
that before you can accurately price a
diamond, without a Diamond Grade Report,
you need to know quite a bit about diamonds,
such as different cuts, clarity, color, and weight
? and how each of those aspects adds to the
value of a diamond, or decreases the value of
the diamond as the case may be.

Again, you will be better off if you get a
Diamond Grading Report on the diamond,
and use that information to look up the price
in one of the guides that the diamond cutting
industry uses. This will give you the most
accurate value of the diamond in your
possession, or of the diamond you are
considering purchasing.

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We seldom think about how the diamonds
we wear came to us. Natural diamonds, as
opposed to synthetic diamonds or fake
diamonds, are mined from the earth. There
are currently two methods of mining
diamonds: Pipe Mining and Alluvial Mining.

When pipe mining is used, the diamonds
are extracted from the earth through volcanic
pipes. These are not man-made pipes. These
are natural pipes in the ground. Shanks are
put into the ground next to the pipes, and
tunnels are driven into the deepest parts of
the pipe. The diamonds are not sorted out at
the mine. Instead, huge rocks that are full of
diamonds are brought out of the mine and
moved to a screening plant for separation.

The Alluvial mining method is done in
riverbeds and on beaches. Walls are built to
hold back the water and the sand on the bank
or beach is moved with a bulldozer until the
level of earth that diamonds can be found in
is reached. Again, the diamonds are not
sorted here. Instead, the sand that contains
the diamonds is bulldozed into trucks, and
taken to screening plants.

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A dirty diamond is one of two things: a rough
diamond, or a diamond that hasn’t been
cleaned in a while. Rough diamonds are
uncut and unpolished ? hence, they are dirty.
But that type of dirty diamond will soon be
cut and polished and sitting in a beautiful
jewel box in a display case. Then someone
will purchase it, and before long, it will
become a dirty diamond once again.

Diamonds become dirty. When you wash
your hands with a diamond ring on, soap
scum clings to it. When you put on hand
lotion, it gets grease on it. Shower with your
diamond earrings or necklace, and again,
you get soap scum. In one short day, your
brand new diamond could be dirty!

Purchase an ultrasonic jewelry cleaner the
same day that you purchase your diamond
jewelry, and use it every single day, without
fail. The clarity of the diamond changes
when the diamond is dirty ? it loses its
sparkle. By taking one minute each day to
clean your diamond jewelry, you can avoid
this, and your diamonds will never be dirty!

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