If you have ever searched for a diamond, you might have heard the term ‘GIA certified.’ GIA stands for Gemological Institute of America. GIA grades diamonds through their geological and scientific research. When a diamond goes to the GIA laboratory, it is analysed with extreme accuracy through multiple testing. In the end, the report reveals the full assessment of the diamond along with the 4 C’s, i.e., cut, color, clarity, and carat.
So, before buying a diamond engagement ring for your loved one, let’s learn more about diamond pricing.
How is a diamond rated?
Carat is the weight of the diamond. The heavier the diamond, the higher the price. Since the year 1913, the worldwide standard has been 200 milligrams or one-fifth of a gram.
Round is the most expensive shape. Princess, Oval, Cushion, Emerald, Marquise, Heart, Pear, Asscher, Trapeze and more are frequently referred to as ‘fancy shapes’.
The presence of yellow and brown color could diminish the diamond price. The outstanding quality is discerned in the colorless of a diamond.
The various natural colors in a diamond are white, black, steel grey, blue, orange, yellow, red, pink, green, purple, brown etc.
To understand how a diamond reflects light, the cut grade is said to be its most significant character. This character tells you how much sparkle a diamond will have.
Clarity is graded on the marks in and out of any diamond. There are natural inclusions a diamond will have.
The symmetry in stone is analysed and the price is determined how well the symmetry is of a diamond.
The term GIA stands for “Gemological Institute of America”. It’s an organization focusing not on profit but solely on the exploration and education of gemstones and gem jewellery.
Since the year 1931, the GIA is said to be a steering authority on all aspects associated with a gem. The GIA is accountable for the improvement of some of the enormous creations in the jewellery industry, consisting of the gemological microscope and the diamond grading procedure.
GIA Diamond Report
The GIA Diamond Report is a warranty of integrity and tells you the quality of a loose diamond.
The GIA certificate allows you to have the confidence that the diamond authentic and real.
Here is an example of diamond pricing chart:
• The 0.50 carat GIA diamond- cost you between $1,100 – $7,680.
• The 0.75 carat GIA diamond- cost you between the range of $1,810 – $8,890.
• The 1.00 carat GIA diamond- cost you between the range of $1,910 – $15,640.
• The 1.50 carat GIA diamond- cost you between the range of $2,980 – $22,330.
• The 2.00 carat GIA diamond- cost you between the range of $4,020 – $42,180.
• The 3.00 carat GIA diamond- cost you between the range of $6,180- $50,050.
• The 4.00 carat GIA diamond- cost you between the range of $7,570 – $68,120.
• The 5.00 carat GIA diamond- cost you between the range of $8,430 – $70,360.
With the wide pricing range, you can see there is more than just the carat size that goes into the pricing of a diamond.
GIA is the standard in the diamond industry. When they rate and grade a diamond they utilize hi-tech equipment to discern if a diamond natural or artificial, so the consumer can rest assure the diamond is real.
A pro tip– Purchase a diamond with a GIA certificate so you know exactly the quality of the diamond you are purchasing. Diamond Hedge is Diamond Search Engine which offers diamond comparison using Augmented Reality technology.