Diamond jewelry is among the most coveted pieces of jewelry all around the world, and for good reason. If you have been shopping around for diamond jewelry such as diamond necklaces, earrings, eternity rings, and engagement rings in the market, you will notice that they come in a wide range of prices. As a matter of fact, if you look at one diamond ring to another, you will notice that they have a difference of thousands of dollars. For most consumers, price is a crucial factor in making purchasing decisions. Thus, if you are going to be paying for a particular piece of diamond jewelry, you need to have a clear understanding as to what you are paying for. Just like any other product sold in the market, diamond prices are affected by a bunch of factors. Usually, the amount of money that the buyers pay for the diamonds will be influenced by the value that is added to the diamond at every level of the supply chain. Diamonds are basically mined from the earth. This is a very elaborate and expensive mining operation to deal with. This often leads to an incurring initial cost. Of course, diamonds do not rise up from the earth to take the shape of beautiful cuts that are polished and displayed in your favorite jewelry retailer. Usually, after the diamonds are mined, they are cut and polished first before they get sent to laboratories for grading. Once they are graded, they are then placed on the market to be purchased by either diamond dealers or retail stores. They will then sell them to different retailers. Once the diamonds are put in retail stores, they become ready for purchase on the part of the consumers. For every stage of the supply chain, some value is added to the diamond and a markup incurs. All of these things will then have some effect on the diamond price chart that the consumer will later on pay. Diamond prices are not just determined by the costs entailed in mining, preparing, and marketing the diamonds. Other factors that affect diamond prices include the total costs incurred from mining to marketing the metals and other gemstones that make up the complete diamond jewelry. Even the process of crafting the piece of jewelry itself has some effect on its price. Diamonds are then appraised and valued individually as per the assessments made on the 4 Cs of diamonds. These are the color, clarity, cut, and carat of the diamond. To know more about diamonds click here: https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/diamonds.
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