Diamond Jewelry Store - How Diamond Prices Are Determined Part1 (synthetic diamond jewelry)

(synthetic diamond jewelry):Whether you are a diamond jewelry store owner or you are a consumer looking for the right diamond jewelry for your loved ones, knowing how diamond prices are determined will always be an advantage. (synthetic diamond jewelry)

(synthetic diamond jewelry): When it comes to pricing most products, it is quite simple. By determining how much is the cost price and how much it costs to market the product, and mark the total up by at least 15% to 30% or more to earn profits. Pricing diamonds is not quite as simple as pricing other products. There are many factors that need to be considered before launching them to the market. (synthetic diamond jewelry)

(synthetic diamond jewelry): The first thing that diamond prices are determined is by adding the cost of the rough diamond, the cost of cutting the diamond and all the other cost to turn a rough and unrefined diamond into a marketable diamond. After turning it into a marketable diamond, the company may need to call an independent company in to certify the grade of the diamond based on its weight, clarity, cut and colour.(synthetic diamond jewelry)

(synthetic diamond jewelry) As diamond changes hands, it becomes more expensive. When it reaches the retailers the price is again increased a little bit more. As you can see from here, before a diamond reaches the retailer, it must travel from the mine, to the cutter and polisher, then to the individual grading company, and lastly to the primary market. From the primary market, jewelry store owners and retailers will then purchase the diamond and sell it to the consumers. Therefore, the earlier you can purchase a diamond in the process, the lower the cost of it will be. (synthetic diamond jewelry)