Are big diamond rings worth all the hype?
What’s the big fuss over big diamond rings? Why not small ones?
In the trade, the 1 carat mark is sort of a Holy Grail
This is due to the fact that in order to get a cut 1 carat quality diamond, you require a 2.5 carat to 3 carat rough stone, this normally makes big rings quite pricey.
So no, it’s not a big conspiracy…..these large diamonds don’t exactly get churned out of the ground like gravel.
In fact, they are quite few and far between.
The majority of large natural rough diamonds which end up making big diamonds are either Industrial or included i.e. have carbon & cracks inside them.
Inclusions are natural phenomenon & cannot be blamed on anyone.
Some cracks in the diamonds occur naturally but some are formed by poor diamond mining methods….mainly blasting.
The shock waves caused by the explosives used to dislodge rocks cause the diamonds to develop cracks.
Now you might be asking yourself why go to all the trouble of investing in a diamond mining operation then go crack the stones?
Its simply lack of knowledge!
Most of the African miners don’t have the proper expertise as far as blasting is concerned.
Blasting is a career all on its own but yet, you’ll find an inexperienced guy handling explosives.
Makes me shudder at the thought of all the accidents that happen on “site” or at the mines we never hear about.
The other extreme is the diamonds below one carat which tend to be quite clean having neither cracks or inclusions.
I will give you a rough estimate on the price of different sized stones that have diamond certificates.
A 0.9 carat, G color, VS2 round diamond will cost about $4,700.
A 1 carat, G color, VS2 round diamond will cost about $6,700.
A 2 carat, G color, VS2 round diamond will cost about $22,000 while….a 3 carat, G color, VS2 clarity round diamond will cost about $48,000.
The price difference is quite significant.
The prices will increase or decrease for the same sized stone depending on the clarity and color.
The better the clarity & color, the higher the price will be; the lower the clarity & color, the price will decrease.
Moral of the story, big diamond rings can be pricey but you can now shop smart and shop with confidence.