Diamond Price Formula:
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The Diamond Price Calculator estimates the value of a diamond based on the 4Cs: Carat weight, Cut quality, Color grade, and Clarity grade. It provides a price estimate using industry-standard factors for each quality characteristic.
The calculator uses the diamond pricing formula:
Where:
Explanation: The formula accounts for how each of the 4Cs affects diamond value, with higher quality grades receiving higher multipliers.
Details: The 4Cs (Cut, Color, Clarity, and Carat) are the universal standard for assessing diamond quality and value. Understanding how these factors interact is crucial for making informed diamond purchases.
Tips: Enter carat weight, select quality grades for cut, color and clarity, and provide a base market price. All values must be valid (carat > 0, base price > 0).
Q1: Which of the 4Cs is most important?
A: Cut is often considered the most important as it determines how well a diamond reflects light and sparkles. A well-cut diamond can appear more brilliant than a larger, poorly cut stone.
Q2: How accurate is this calculator?
A: This provides a general estimate. Actual prices may vary based on market conditions, certification, fluorescence, and other factors not included in this calculation.
Q3: Why does carat weight affect price non-linearly?
A: Larger diamonds are rarer, so price per carat increases significantly as carat weight increases, especially at milestone weights (0.5ct, 1ct, 1.5ct, etc.).
Q4: Should I prioritize carat size or quality?
A: This depends on personal preference and budget. Many experts recommend prioritizing cut quality, then balancing color and clarity with carat weight based on your preferences.
Q5: How often do diamond prices change?
A: Diamond prices fluctuate based on market demand, economic conditions, and mining supply. It's recommended to check current market prices when making a purchase.