It is easy to find tips and guides for buying colorless diamonds because they are worn by most people. In this article, we will provide tips on buying colored inexpensive loose diamonds. Having said that, before buying these precious stones, it is important to have a good understanding of the 4C’s of diamond quality. Furthermore, keep in mind that the value of these stones is subjective. Read on to know about money-saving tips when buying colored diamonds.
Leveraging On Diamond Pricing For Buying Cheap Wholesale Diamonds
You must know that the price of diamonds is determined by supply and demand. Also, it is hard to find high-quality as well as high carat weight stones. Remember that colored diamonds with bigger sizes are very rare, and hence, they are incredibly expensive.
Tips For Saving Money When Buying Colored Diamonds
Carat Weight Does Not Mean Size: Many buyers associate the carat weight of a diamond with its size, but this is far from the truth. For example, a 1.00 carat stone is not much bigger than a 0.90 carat stone, and you would hardly notice the difference in their sizes.
You must know that the weight of a diamond can be distributed in different ways, and this depends on how it is cut. This means two stones with the same carat weight, but different cuts can have different prices.
Avoid Carat Weight Steps: You must know that diamonds are priced per carat, i.e., a 1.00-carat diamond will be priced higher than a 0.90-carat diamond. Also, the former will be 10% heavier; so, you will get a noticeable price increase. This is also further influenced by the clarity and color grade of the stone. For colored diamonds, the price jump will be more dramatic because they are rarer.
The Color Of The Diamond: The color of the stone has a significant influence on the price of colored diamonds. Their price is divided into different categories, and they are the following:
- Affordable colored diamonds like brown, grey, and yellow.
- Medium colored diamonds like high-quality yellows and oranges
- Expensive and ultra-rare colored diamonds like blue, green, pink, purple, unmatched reds, and violet
You must also keep in mind that the presence of inferior grade secondary color decreases the price of colored diamonds. For example, you can purchase a brownish pink stone if you are looking for inexpensive loose diamonds.