Centuries have passed, and it is still an era of stones and diamonds. Over the years, the law of supply and demand of diamonds had its fair share of ups and downs. In the year 2021, with the global health crisis not leaving anytime soon, it greatly affected the industries and businesses.
However, due to many changes that had happened over the past year of 2020, it seems that various owners and people in the trade market already knew how to adjust to the unfortunate matter. Aside from the production, diamonds are also priced based on the 4 C’s: Carat weight, Cut, Color, and Clarity. Other physical considerations are also taken into accounts, such as its symmetry, shape, vivid color, and the likes.
The Diamond Price Index in 2021
According to the Diamond Search Engine, as of the 1st of April 2021, diamond prices have skyrocketed an average of 0.8% at the end of March. It was recorded to garner an average price of approximately $10,700 per carat. It had been broken down per weight range and carat price, starting from less than 0.50 carat for $2,285. The highest value is 5 carat and above, being $23,800 per weight.
On the other hand, according to the Naturally Colored and their Diamond Carat Price Chart, a minimum of half a carat or 0.50 is priced in estimated ranges of $1,100 – 7,600 – and that is just half weight. From this minimum weight, it is understandable that the carat doubles the cost of jewelry and the diamond itself. The half-weight can go for a total price of $550 – $3,800 in the market and is easily doubled after adding a 0.15-carat weight.
A 0.75 carat sells for $1,300 – $6,600 in the market, which indicates that a diamond’s worth hikes up as little as three-fourths. A maximum of 5.00-carat diamond is estimated to have a total price of $42,000 – $351,800, provided that it is still based on the shape, cut, clarity, and color of the stone.
Given the information, it is already evident proof that the diamond industry may have been adjusting slowly but surely in today’s worldwide dilemma. Even if the price index only considered the carat weight as a price basis, it still indicates that diamonds are sold at a high price similar to the pre-pandemic years.
Another factor that predetermines the worth of diamonds this year is their shape, with choices of Round, Princess, Cushion, Radiant, Pear, Oval, and Heart. Apart from this aspect, a diamond is also priced based on its Clarity. The usual high price is considered Flawless – meaning that it is without a naked eye and tiny blemish.
Despite the situation, diamonds are still worth the investment and demand it receives. As is stated above, all the 4Cs are considered in marking a diamond’s price – the carat weight being the most significant factor. This only proves its timeless and gleaming popularity regardless of the world or country’s state. For other jewelry and engagement rings, visit Luxury Diamonds Vancouver.