Diamond is often associated as a symbol of love and luxury, but love and luxury come at a hefty cost. This is the reason why determining the diamond ring value is an important priority for many.   

Now, different diamond rings will naturally have different valuations based on factors that influence their valuation. More importantly, the diamond’s value is different when you calculate with or without the ring.    

Unfortunately, this still does not offer much clarification into the valuation of diamond rings. So, read this blog till the end to get a better idea of what influences the value of your diamond ring.

What Influences the Value of Your Diamond? 

Most conventionally, four primary aspects influence the value of your diamond. But remember, these factors don’t influence the value of the metal ring; only the diamond does. So, let’s take a closer look at these factors to get a clearer understanding:  

• Colour: Regardless of where you look for them, diamonds are available in different shades ranging from colourless to slightly yellow or brownish. Hence, it should not come as news that the closer the diamond is to colourless, the better will be its valuation.
• Cut: A diamond’s cut mostly deals with the craftsmanship and the quality of light behaviour of the gem. This criteria deals with the diamond’s proportions, polish and symmetry.
• Clarity: This is another important factor influencing a diamond’s value, where you will evaluate its internal and external characteristics. This means if a diamond has fewer blemishes and inclusion, it is considered to be of higher standard and quality.
• Carat Weight: If you ever go to buy or sell diamond rings, you must use a carat as a measure of unit for the diamond’s weight. One carat equals 200 milligrams, and the heavier your diamond, the more expensive it will be.

Also Read:- Should You Sell Your Diamond Ring Online Or In-Person?

What Influences the Diamond Ring’s Value Beyond the 4Cs?

While the 4Cs mainly help determine the value of the diamond, they do not take into account the value of the ring. So naturally, certain factors shed light on the diamond ring value while accounting for the value of the metal as well. These factors include:

• Metal Type: The type of metal you use in your diamond ring also has a direct impact on its overall valuation. For instance, most of these rings come in 18K white or yellow gold, 14K white or yellow gold, or platinum. The weight of the metal measured in carats will help determine the diamond ring value.
• Purity of Metal: The next important evaluating factor for selling diamond rings after determining its value is the metal’s purity. You must weigh the ring without the stone to determine the purity of the apply and the exact grams of precious metal in the ring.
• Workmanship: The third important factor influencing the price and value of your diamond ring is the type of workmanship. This means the type of designs you have on the ring, and the more intricate the design is, the better its value in the market will be.

How To Determine the Resale Value of Your Diamond Ring?

First things first, the retail price in the market is not the diamond ring value you will get after selling it. Jewellery stores and diamond dealers will not pay you the retail price since they can get the same stone at a wholesale value. Besides, your customers have no incentive to pay you more since you cannot provide them with other perks like financing options or guarantees.         

Therefore, you must find the best place to sell a diamond ring and ask for about 10 to 30% of the retail price when it is new. But you can still consider selling the ring to a private buyer online or by physical means to get better prices. It is said that you can get about 30% to 60% of the retail value when you sell to a private buyer.     

Final Thoughts

Determining the proper Diamond Ring Value is not as challenging as many might like you to believe. All you need to do is be thorough with a couple of measure scales and factors that influence the prices of these ornaments.      

This will help you easily determine how to sell a diamond ring and determine its value in the market. So, use this information to your advantage, and even check your diamond rings for signs of wear or damage to reach a feasible conclusion.     

FAQs on Diamond Ring Value

1. What are the 4Cs used to determine a diamond’s value?

The 4Cs used to determine a diamond’s value include cut, clarity, carat weight, and colour.

2. Does craftsmanship have anything to do with the value of diamond rings?

Yes, the type and quality will directly influence your diamond ring value.       

3. How much is one carat?

Generally, one carat is equal to 200 milligrams.