It’s simply to price most retail products for the market place, mark up being between 15-30%, the cost of marketing and how much the product costs to produce¦
But, when it comes to determining the price of a diamond such as a 0.63 carat round brilliant cut loose diamond, many factors need to be taken into consideration.
A rough diamond is your raw product, to make your rough diamond marketable, it needs to be cut. The cutting process cost money to accomplish, once you have a cut diamond you will need it to be certified by an independent company. They will certify the grade of the diamond based on its weight, clarity, cut and color.
Now each stage the rough diamond goes through to get to the retailers, the diamond becomes a little bit more expensive. A typical journey of a diamond where costs are incurred is, travelling from the mine, cutting, polishing, grading, primary market, diamond dealers and then the retail market. All these stages determine the worth of a diamond sold in the market place through a retailer.
If you own a diamond which you would like to be valued, you can acquire an accurate appraisal through the Gemological Institute of America (GIA). With a cutter’s guide and the GIA certificate, you can determine the value of your diamond.
With a Diamond Grade Report you can use the same tools and guides the professionals use to value your diamond, some of these tools and guides can be found on the internet. Whilst doing your research, it may be wise to study diamond cuts, clarity, colors and weights to help you understand the different aspects to diamond valuing which can add or decrease the value of your diamond.