Planning to buy a loose diamond or some diamond jewelry? Use this calculator to get a price estimate on your diamonds! Simply enter the carat, cut, color, and clarity then hit “Calculate Price”.
The Calculator
Expert Advice
While this calculator can be a great start to getting a fair deal, there are certainly other things to consider. Be sure to carefully consider these tips in order to have the best shopping experience. And don’t forget to come back to this calculator if you need a new estimate!
Shop Around
Purchasing a diamond or diamond jewelry can be quite exciting, but there’s no need to be impulsive! Make the most of this wonderful experience by taking a look in multiple places. Don’t forget to consider both in-person and online options. That being said, not only is online shopping often much more convenient, but it is quite common to find significantly better pricing online for the same quality as you’d find in person.
Ask for a Discount
Short, sweet, and simple- this tip can be surprising to some yet its incredibly effective! With politeness and within reason, haggling is very much acceptable when shopping for diamonds or jewelry. Start by asking if the price is negotiable, and go from there. You’d be shocked to find how often this works. With this tip we do highly recommend family-owned jewelers as they tend to be more receptive to and lenient with discounts and negotiating prices.
Consider All Four C’s
It is absolutely crucial to factor in the four C’s of diamonds- carat, color, clarity, and cut. All four can affect the price and so it’s important to decide where you are willing to make concessions. If you can decide on a limit for each of these traits, you’ll be able to find the perfect balance of quality and price.
A good place to start is with J to L color and VS2 to SI2 clarity as these ranges minimize quality drop-off, while improving the price significantly. As for carat, the price per carat jumps at certain thresholds- typically after 0.50 or 1.00 carat increases. For example; 1.49-carat diamonds will cost much less than 1.50-carat diamonds. Aim for the upper end of the carat price bracket to get the best bang for your buck.
Timing is Important
This tip is simple- as you might imagine, certain times of the year will present you with better deals. Keep an eye out for reduced pricing around Valentines Day, Black Friday, Cyber Monday, and during January or in the middle of summer.
Looking to Sell?
Although these prices are estimates afterall, they are more intended for the purposes of buying rather than selling. Even in regards to purchasing your mileage may vary, however especially when looking to sell, we can’t recommend taking the diamond price calculator numbers as gospel!
The value of diamonds and jewelry tends to drop quite a bit when it is being sold on the second-hand market. Please do your due diligence to make sure you’re getting the best deal possible. For help in doing so, please refer to the following tips.
Tips for Selling
- Retain or acquire GIA certification if possible.
- Just like with buying- don’t be afraid to explore multiple options. Shop around for the best price!
- Try to deal with reputable jewelers.
- Be sure to know what you’re selling- get an idea of the rarity, quality, and demand of/for your item.
- Get an appraisal from an expert jeweler.
- Have patience and be flexible- strike a balance between holding out and being realistic.
- If shipping your item, make sure to track and insure the package.
Final Thoughts
We hope that this article and diamond price calculator have come in handy! Don’t forget to bookmark the page so that you may easily return to it anytime you need a reference or want to produce a new price estimate. This diamond price calculator is an excellent tool, but it’s only a part of the journey! Be sure to do your research. If you’re interested in learning more, specifically about Old European Cut Diamonds, then please check out our article here!
