Is diamonds not one of very costly precious metal?
How can they be sold for so much discount that too by reputed company ?
Is this 1 carat standard different from international standard?
Or are they just ornamental stuff and not real ones?
Can someone help?
It's because there's huge mark up in diamonds by most commercial stores. Also that 1ct listed is the total weight made up of many very small stones (cheaper by far). Furthermore the colour isn't great (but probably acceptable given its set in yellow gold).
Diamond like any other stones can have different price. It depends on the water and things that you can t see just using your eyes. The example you give is obviously because they did the ring with small pieces and if you take a microscope to look at deeply you see that most stones use aren t really polish but have some marks. But from outside it will just look perfect. You will just have hard time to resell it later.
Diamonds have varying quality. YOu can buy a shitty 1 carat for a few hundred or over $5000.
LOok for the 4 Cs.
Clarity
Colour
Cut
Carat weight
For example, my mum has a 1 carat, D coloured diamond, round cut, internally flawless. If your partner is a bonehead, buy her a cheapo diamond. She won't be able to tell the difference.
Who is actually the bonehead in this scenario?
nothing wrong with a nice diamond, cheapo
Well perhaps there is nothing wrong with a nice diamond. Personally I'm happy to accept the subjective negatives associated with diamond alternatives like moissanite (I agree the brilliance of a good diamond is just 'prettier' to me), given the cost, I find conflict diamonds very objectionable, and I find the diamond cartel and artificial inflation of prices absurd. You may disagree, and I have no problem with that. It's very exciting that your mum has very nice jewelry. Personally I don't really think about my mum's jewelry that much because I have my own things going on.
There is something wrong with calling someone a bonehead because they are ignorant regarding the esoteric details of diamonds. Especially when learning about those details makes it more expensive to derive utility from diamonds and diamond alternatives.
You should take your own inclinations to heart, quite literally, and examine yourself for some internal flaws.
The gold is 9ct which means it only contains 37.5% gold.
The diamonds have a total weight of 1ct made up of many tiny low value diamonds.
The colour is H1, which is near-colourless.
The clarity is I3-4 which is the lowest clarity grading, i.e. very obvious inclusions. (normally I3 is the lowest, so they seem to indicate it is worse than that?!)
Basically this ring is a very low value item with very low resale value. For example, If anyone was foolish to buy it for $999 they would be holding a ring with a resale value of around $150+.
Hope this helps?
This guy/girl gets it. Although I'd argue with small clusters of diamonds, it doesn't really matter if they're L.
Diamonds have no intrinsic value.
What does that even mean? Isn't the value whatever someone paid for it?
What tshow is referring to is the value of diamonds, not price or cost. Diamonds are incredibly common, particularly commercial diamonds used in jewellery. In fact they are not much different from the diamonds glued to a cutting disk you can buy from Bunnings https://www.bunnings.com.au/our-range/tools/tool-accessories…
To put into a sort of context buy a diamond from a retailer, then after purchase ask what they would buy it back from you?
Not to mention they don't have any unique properties that make them highly sought after, apart from "shiny" and "rare".
Gold is required in manufacturing and it's ability to be inert is highly valuable.
Saffron is incredibly labour intensive to harvest.
@[Deactivated]: Well they do have a unique property, they are the hardest mineral so they are useful for cutting things,and they won't wear down when used as jewellery (unfortunately the gold will and then the diamonds fall out…)
@Quantumcat: There's artificial diamonds (ironically, they cost more to manufacture than to mine natural diamonds).
Lots of diamond substitutes with similar properties too. Tungsten carbide, cubic zirconia, aluminiun oxide…
That ring is cheap because it's many small diamonds making up a total weight of 1.0ct if it were a single 1.0ct stone it would be a lot more expensive. The clarity is also crap and the colour too.
Yes they're real but they're garbage! I think you're taking the 1ct total as a 1ct stone?! You can easily pay $20k for a 1ct Diamond (wholesale) yet small otherwise useless stones are very, very cheap.
I recently bought an 85 pointer solitaire in a 24ct yellow gold band for $1150 off Gumtree (she wanted to get rid of it after a bad break up) had it resized & polished/cleaned & have current certified insurance valuation in excess of $10k!
Google Adam Ruins Everything Diamonds
Each to their own. If your significant other really wants a diamond, then they're going to be worth a lot more than someone who doesn't care for it.
But oversimplifying, diamonds have no value as its common, that's nonsense. There aren't many d-grade, vvs1, 1 carat and being excellent cut out there.
The lower grades are used for the common ones.
Synthetics, I mean do you want a fake iPhone? A fake boost? Let's get overseas workers, they do the same job anyways right? Sure it looks the same, but it doesn't have the same quality. Plus you'd know. Or your significant other would know. Or if you lied well… That's on you.
Each to their own.
Maybe imperfects
Diamonds aren't metal