Help me with my engagement ring!?

Question

It is a 0.3 carot diamond, princess cut 18ct white gold. The clarity is 3rd best. It cost £250. Is this right?????

Answer 1

diamonds are priced according to the following factors for a given size:

first, is cut. When we talk about cut, we are looking at actual facet angling and proportions, NOT SHAPE. So, the most expensive is the "ideal cut." It returns the most light to the eye, but also requires cutting away a good deal of the rough crystal. go to www.ags.org for info and good pics on cut.

Now, talking about shape, only round brilliants are generally graded. In the US, marquis cut diamonds cost slightly more; all else slightly less.

The next price determining factor is color. Colorless diamonds are exceedingly rare and very expensive. Color grading is done looking through the side of a loose diamond so that the appraiser is not fooled by sparkle or by the mounting. A mid-range colored diamond will be more affordable and look beautiful mounted.

The last price determining factor is clarity. Generally, unless the diamond is flawless or highly flawed it doesn't have a strong impact on price.

But, also there is the mounting. 18K gold is rather expensive today and the mounting itself probably cost a minimum of 150 pounds. If the diamond is clear and has a little body color, I'd say your fiance got a great deal!

Best wishes to you!!

Answer 2

I'm not a jeweler, nor do I know the difference between our currency for dollar amount, however I think all cuts of diamonds are the same, so here is an example.

I have a .43 ct, brilliant cut, VsI1, color G set in 18ct gold. My center diamond cost me $900, and the whole ring total was just over $1200.00 but it's appraised at $2900.00.

You have a very small diamond and even thought the clarity is still good it's not worth that much due to the size. It's to common
although 250 still sounds low. I suggest you go get it appraised and then go from there.

Answer 3

It can be correct. I just did a search on Blue Nile for loose princess cut diamonds of that size. I assume you are talking about VVS clarity, which is third after flawless and internally flawless. You didn't specify a cut or a color though.

So on Blue Nile, a diamond of that shape and size with either VVS1 or VVS2, the price can range from ~$350USD to ~$800USD, depending on cut and color. The D, E, F color ones cost about twice as much as G, H, I color ones.

I did another search on Banvari as well on 0.30 carat princess diamonds with either VVS1 or VVS2 clarity. The D, E, F, G color diamonds fitting this criteria are about $500~$700USD.

So at today's exchange rate, that would be somwhere around 200~350UK £ as the estimate for a 0.3 carat princess cut diamond with the VVS1/VVS2 clarity. You're in the ball park.

Answer 4

Never accept anything less than 1ct - that's for starters.