Diamond Fun Facts

Here is some information I found about Diamonds at the Jewelry Information Center website:

The word "diamond" comes from the ancient Greek "adamas," meaning unconquerable.

"Carat," the measure of diamond weight is derived from the Greek "keration," the name for the uniform in weight carob seed.

Cut, color, clarity, and carat are the "4Cs" that guide a jeweler in determining a diamond's value.
"Clarity" refers to a diamond's freedom from internal inclusions such as internal cracks or tiny crystals. A diamond may be termed "flawless" if a trained eye can detect no inclusions under 10-power magnification.

"Cut" refers to the way a diamond is cut and polished, the proportion of the diamond that dictates the maximum amount of light the diamond will refract and reflect, and the diamond's facets.

The term "fancy" diamond means pear, oval, or emerald cut stones.
Red is the very rarest color for a diamond.

Marilyn Monroe's famed comment as the character Lorelei Lee, "Diamonds are a girl's best friend," is a classic. But Mark Twain in "Puddin' Head Wilson's Calendar" said, "It is better to have old second-hand diamonds than none at all."

A carat is divided into 100 points.

The "old miner" refers to a diamond cut that is round but has many fewer facets than the modern brilliant cut.

The color deemed ideal for a gem quality diamond is colorless.

The Hope Diamond is a rare and famous example of a diamond with a deep blue body color.

Diamond Jim Brady, whose diamond studded accessories caused quite a stir, showered ladyfriend Lillian Russell with extravagant diamond gifts among which was a diamond bracelet with her name in red diamonds.

Industrial diamonds, which are used in precision machinery because they are the hardest substance known, differ from gem diamonds because they are of inferior color and quality.

The man who first discovered how best to release the diamond's fiery brilliance from the unprepossessing rough gem was Vincenti Peruzzi, a Venetian lapidary who lived in the 17th century.

How Diamond Prices are Determined

When it comes to pricing most products, it is quite simple. By determining how much the cost price is and how much it costs to market the product, you simply mark the total up by at least 15% to 30% or more to earn profits. Pricing Denver diamonds is not quite as simple as pricing other products. There are many factors that need to be considered before launching them to the market.

The first thing that diamond prices are determined by is adding the cost of the rough diamond, the cost of cutting the diamond and all the other cost to turn a rough and unrefined diamond into a marketable diamond. After turning it into a marketable diamond, the company may need to call an independent company in to certify the grade of the diamond based on its weight, clarity, cut and colour.

As the diamond changes hands, it becomes more expensive. When it reaches the retailers the price is again increased a little bit more. As you can see from here, before a Denver diamond reaches the retailer, it must travel from the mine, to the cutter and polisher, then to the individual grading company, and lastly to the primary market. From the primary market, jewelry store owners and retailers will then purchase the diamond and sell it to the consumers. Therefore, the earlier you can purchase a diamond in the process, the lower the cost of it will be.

If you have recently just bought a diamond and do not know how much it is worth, you can send your diamonds for appraisal, but take note that the appraisal may not be accurate. A more accurate way to determine the price of your diamond is to obtain its certificate and use the cutter's guide to determine a more accurate worth for your diamond.

You can also surf the Internet and locate many diamond worth calculators. Before you can calculate the worth of your Denver diamond using those calculators, you need to know the cuts, clarity, colour and weight of it. With this information, the calculator will be able to determine an accurate worth of your diamond.

Again, the best way to determine the price of a diamond is to get a Diamond Grading Report and use the information in it to look up the price in one of the guides that your diamond cutting industry uses. With the right worth in mind, you will be better informed about the value that you have paid for the diamond in your possession, as well as of the Denver diamond jewelry that you are considering purchasing.