Diamond Price
Diamond prices are something that intimidates most people because they tend to be fairly steep. Yet one keeps remaining curious about diamond prices. The challenge is that the answer could be multifaceted. Polished diamond pricing in South Africa is decided on the basis of supply and demand principle. If the diamond is a rare one, the price can be expected to be that much higher.

Here the pricing depends broadly on four factors known as cut, colour, clarity and carat. Thus the price arrived at is a combination of all four carefully weighed factors.

Cut: This impacts the cost of diamonds in many ways. When diamonds are round in shape, they tend to cost a lot more than when they come in other shapes. Even if the shapes are fancier, round diamonds will still cost higher than them. Marquise is the costliest among all of these shapes. The cheapest ones in South Africa are normally the square shapes. This is probably because square shapes appear to be smaller than their round counterparts are even if the size is equivalent. Irrespective of shapes, diamonds that are well made will always fetch a higher price than those that are poorly made. Cut thus happened to be the single biggest determinant to consider when one is making a diamond purchase. There is something called cut grade diamonds. This refers to how the diamond is polished. This again is divided into three categories which are proportion, symmetry and polish.

Colour: This influences costing in a very simple manner. If diamonds are colourless, they are more expensive than those with cooler. The diamond colour chart in South Africa starts at D (being colourless) and ends at Z (saturated with colour). Colourless diamonds are very rare and thus more expensive. The only exception here might be fancy colour diamonds.

Clarity: This is a parameter that states that cleaner, in other words, the clearer the diamond, the more price it fetches. This is a simple logic because clean diamonds are rarer than those that have stones studded stones.

Carat: This refers to how much the diamond weighs. Thus it naturally follows that heavier the diamond, that much more expensive it would be. Larger diamonds are rarer than small, therefore more expensive. And naturally if something is charged per weight, its cost would increase proportionally with its weight! Diamonds are divided into categories depending on their weight. Thus, how it works is that as the weight goes up, the price per carat increases.

Diamonds are famous in South Africa. The biggest among them were discovered in mines here and thus the determination of costing and pricing originated here. Thus, polished prices are calculated using what is called the Rappaport Price List. This is a weekly report issued to all Rappaport members. Finally, it can be seen that there are indeed several categories and prices in diamonds in South Africa. If one looks at a wider range of diamonds or even just a few, one must be well-informed because one might actually be totally awestruck at how different two similarly priced diamonds may appear.