I’m pretty sure that
while researching and seeking for a diamond ring, this burning question may frequently
pop up in your mind: What carat weight should
I be getting?
Although the carat
weight doesn’t equate to how much you actually love her, a flat carat weight
just isn’t worth it. Now, it all boils down to this one question: What exactly is a flat carat weight?!
In the diamond industry,
carat weights are categorized into different classifications, where it provides
retailers a rough estimate on how their prices should be. According to each
classification, diamonds will belong to different pricing brackets.
To give you a visual
idea of how the classification works, I will include a sample diamond rapaport
report. The Rapaport report is used in the diamond trade to price diamonds. It
serves as a price guide and tracks price fluctuations. Diamonds are priced in
different pricing brackets, such as 0.30-0.39ct, 0.40-0.49ct, 0.50-0.69ct,
0.70-0.89ct, 0.90-0.99ct, 1.00-1.49ct, etc.
For
this example, we will use a 0.99ct and a 1.00ct diamond. Below is a screenshot
of the pricing brackets for diamonds in the 0.90-0.99ct and 1.00-1.49ct. The
diamond details are further categorized in different Colours (rows) and Clarity
(columns). The numbers are the cost of the diamond by the hundreds in USD, per
carat. So for example, a 0.99ct D IF diamond, would cost 0.99 X 15,200 = USD
15,048. However, do note that diamonds are usually traded in discounts, and
this figure does not reveal the quality of the diamond at all. Naturally,
poorly cut diamonds would be traded as bigger discounts compared to better cut
quality.
Now let’s compare the
prices of a 0.99ct D IF and a 1.00 D IF (assuming they are in the same cut
quality). By using the Rapaport pricing, we will get;
0.99 D IF – USD 15,048
0.99 D IF – USD 15,048
1.00 D IF – USD 27,500
There is a whopping USD
12,452 price difference, just for that 0.01ct!! Doesn’t that sound crazy?!
This huge disparity of
price is largely due to the carat weight going up to the next higher pricing
bracket (i.e. 0.90-0.99ct category to 1.00ct-1.49ct category).
I’ll
give you a minute to let this sink in: a flat carat weight (i.e. 0.50, 0.70ct etc.)
simply doesn’t give you the value you think
you are getting. If you were to go into any local jewellery store or even a
branded one, they probably wouldn’t tell you about flat carat weights. These
flat carat weights don’t give good value as you are paying a premium to hit the
border of the next pricing bracket. Hence, if you’re looking at a 1.00ct,
you’re much better off getting a 0.9ct++ or a 1.0Xct+ (since you’re already
paying a premium to belong to the 1.00-1.49ct bracket).
Furthermore, if your diamond has any durability issues (i.e. a feather at the edge of the diamond), and you accidentally chip the diamond and lose 0.01ct, your diamond’s value will drop to the next bottom pricing bracket, where you’ll lose significant value. Your local jewellery store won’t tell you this either.
Furthermore, if your diamond has any durability issues (i.e. a feather at the edge of the diamond), and you accidentally chip the diamond and lose 0.01ct, your diamond’s value will drop to the next bottom pricing bracket, where you’ll lose significant value. Your local jewellery store won’t tell you this either.
Nevertheless, don’t be too quick to get her a 0.99ct Carat sizes such as 0.69, 0.89. 0.99, etc., also known as premium carat weights, are extremely rare to come by.
It is extremely hard to
find a premium carat weight in the market simply because diamond cutters also know
that they will earn more should their diamonds fall into the next higher
classification. They often try to force the diamonds to the next pricing category
because the diamonds belonging to the next
higher pricing bracket can be sold for much more (even if the cut quality
is poorer).
For
example, if they have a rough diamond, that can either cut out a Super Ideal
Cut 0.99ct or a 1.00 poorly cut diamond, they would choose the 1.00ct in a heartbeat.
Even though the 1.00ct is poorly cut, they can get a much better profit since
it’s in the next pricing bracket.
However, that doesn’t
mean that these 0.99ct sizes don’t exist at all! In any event that you find
yourself looking at a diamond of a premium carat weight in any jewellery store,
it usually comes in bad proportions with questionable light performance.
This happens because when
profit-driven diamond cutters are presented with a rough diamond, it makes
sense for them to cut a diamond with a larger carat weight without any regard
for its proportions and light performance.
For example, a diamond cutter has a rough diamond that can be cut into
either a, 0.91ct Super Ideal Cut or push to hit a 0.99ct but poorer quality.
Similarly, most would aim for the 0.99ct as it can fetch a higher price.
These diamonds are called ‘’forced carat weights’’.
So these are the secrets about flat carat weights you need to know before getting your engagement ring. If you have any inquiry, please feel free to email us at sales@jannpaul.com!
- JannPaul