Jewelry Q & A

2 Carat Loose Diamonds.

Q.I personally don't think you need the rap sheet. What you should do is go to a few jewelry stores that stock a bunch of diamonds. Loose ones are best to look at. Find a salesperson who can explain the 4 C's to you while looking at the various diamonds. You really cannot judge by looking at a sheet of pricings without having looked at diamonds first. I personally think that the cut and color are most important because they make the diamond shine, but other people have opinions about that. The 4 C's are carat (how big it is), color (how clear it is), clarity (how many flaws it has), and cut (the shape and proportions). The four work together in different ways. If all are very good, then your price will be very high. If one is lower, like carat, then the price will go down. The price fluctuates much more if the carat weight is pretty large because it is much harder to find larger diamonds with good qualities than it is to find smaller ones. In other words, if you go up one rating in clarity or color in a 1 carat diamond as opposed to a 1/2 carat, the price is going to go up MUCH more with the 1 carat than it will with the 1/2 carat. Does that make sense?

A.I am a diamond novice who is looking to buy a diamond for an engagement ring in the next few months. I have been trying to read all that I can to educate myself on the diamond buying process. I have read in a few different places about the Rapaport Pricing Sheet. This appears to be the closest thing to a price guide which has been accepted by the diamond industry. While I recognize that the prices on the Rap Sheet are supposedly wholesale prices (although it seems that diamonds are often sold at a discount to the Rap Sheet), the price guide would help me gain a better understanding of the impact on price that cut, clarity, color, and carat have. The interplay between the four C's and price is a total mystery to me and I would like to have a ballpark sense of what I can get for what I am looking to spend. Brilliant being round, oval, heart, etc. The brilliant (round) is the most common and the shape that the best diamonds are usually cut to due to the high demand. The cut of the stone is very important in the appearance of the stone as well. Many diamonds are shallow and lack the depth to radiate light as a great diamond can. They just don't seem to "sparkle" like a better stone. They may look big on the surface but they have less sparkle and are less expensive.

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