When it comes to choosing a beautiful piece of jewellery, it’s no secret that diamonds take the cake as some of the most popular gemstone settings on the market. Characterised by carat, colour, clarity and cut, diamonds are often popular in engagement rings, wedding bands or other timeless, classic pieces.
Want to know more about these stunning, naturally-formed stones? We’ve put together a comprehensive guide about diamond pricing, rarity and potential damage to help inform your next diamond jewellery purchase, and make sure you know everything you’ll need to before committing to a piece. Now all that’s left to do is pick your perfect diamond jewellery piece!
Why are diamonds so expensive?
If you’re hoping to purchase a diamond, this pricey stone’s hefty price tag may be the first thing you’ll need to consider. There are several factors that directly affect the price of diamonds. These include extreme rarity, durability, and difficulties that arise when mining for diamonds.
Rarity is a key factor when it comes to high-quality diamonds, as only 30% of diamonds mined worldwide are considered ‘gem quality’. When it comes to durability, the diamond is one of the hardest minerals in the world, meaning they will last a lot longer than counterpart delicate gemstones. And thirdly, as diamonds naturally form in high pressure, hot environments in the Earth’s core, mining for diamonds involves difficult, expensive and labour-intensive machinery and processes.
Are diamonds rare in nature?
Though diamonds aren’t typically classed as ‘rare’, mining for them is an incredibly expensive and difficult process. Following this difficult mining process, some retrieved diamonds are officially classified as ‘rare’. This grouping includes colours that can occasionally occur naturally in diamonds, including orange, green, pink, blue and red. White diamonds are also considered extremely rare.
Similar to coloured diamonds, diamonds that are large in size are also incredibly rare. If a diamond weights over one carat, it’s one in a million.
Can a diamond fall out of a ring?
Unfortunately, over time, diamonds become more and more likely to fall out of a ring. Though this depends on your ring’s construction, shape and setting, smaller diamonds are the most common sizes of diamonds to fall out without an owner noticing.
To reduce your risk of lost diamonds, keep an eye out for any wear and tear on your ring at least once a week. Look for clear signs of chipping or deterioration – if your stone budges even a tiny bit, it’s advised you take it into a jeweller for a check-up (and to ensure it doesn’t have the potential to budge any further, or worse, fall out). This potential diamond loss cements the importance of taking out an insurance policy. This is a low-cost way to ensure your valuable ring is safe and protected.
Contact Allgem Jewellers Today!
Whatever glistening diamond piece you decide upon, find the jewellery of your dreams at Allgem Jewellers. Contact our professional master jewellers today to view our wide range of contemporary, traditional and custom made jewellery, or to facilitate jewellery repairs and restorations.