You might assume that a diamond’s price is determined mainly by its carat weight. However, the carat weight of a diamond is not the only factor in determining its worth. Much more goes into establishing a fair price for such rare and precious items. It’s a lot trickier than you might imagine.
Rarely do people who possess diamonds have a firm grasp on what differentiates one diamond from another in value.
Here, we’ll examine the factors that go into establishing a diamond’s market value so you can better understand how much your Diamond Wedding Bands could be worth.
The monetary value of your band
To establish the value of your diamond wedding eternity bands, you must first define the category of jewellery whose worth varies based on the circumstances.
Intrinsic Worth
The intrinsic worth of diamond wedding bands white gold is its resale ability to the recycling industry.
The necessary value can be determined by using the following equation:
Intrinsic Value= Metal Price+Gem Price
Appraised Value
The evaluation was done for insurance purposes and indicated a replacement cost unrelated to the diamond wedding bands platinum value. The jewellery appraisal will demonstrate how much it would cost to replace a lost or stolen item.
Don’t forget that the actual worth of your ring is only 5–20% of its evaluated value.
Value at Resale
There is no way to sell your diamond wedding bands rose gold for its retail market price. Jewellery retailers and dealers won’t pay full retail for a diamond if they can get the identical stone at a lower price from another vendor.
Even while jewellers and dealers might offer you a lower price than wholesale, that price is still not a reliable predictor of the resale value.
They have no incentive to pay you as much as they pay their wholesalers, as you cannot match their terms in terms of financing, marketing, and warranty coverage.
Selling your diamond for anything from 20–30% of its current retail price, too, best case scenario, 60–70% (or 80–90% if you’re fortunate) is a fair estimate.
You might obtain 30%-80% of retail value if you sell the stone to the general public (through online classifieds or auction websites, for example).
If you want to determine this number quickly, use the following formula:
resale value is – intrinsic value + style + workmanship
How to Choose the Perfect Wedding Band?
Both you and your future spouse will wear the bands as a symbol of your commitment to one other. Guarantee their longevity by using only the finest materials.
When looking for a wedding band, keep in mind the quality of the diamonds, the setting, and the precious metal (read our guide for more information).
Yellow gold, white gold, platinum, and tungsten carbide are common choices for both men’s and women’s wedding bands because of their durability. Select a trustworthy dealer who backs up their precious metal with proof of authenticity before making a purchase.
Diamonds set into a wedding band will typically be smaller than the diamond used in an engagement ring’s centrepiece. The diamonds are too tiny to justify the time and money needed to grade them.
Determining the Appropriate Size of Wedding Bands
An engagement ring or another ring already in the wearer’s possession might be used as a guide to help find the right size for a wedding band.
Determining the Appropriate Cost of Wedding Bands
It would cost about a thousand dollars just for the certificates if you wanted to get the 14 diamonds in your wedding band certified.
Wedding bands without diamond certifications should only be purchased from trusted retailers like JCO London.
A wedding band’s craftsmanship and aesthetic value are typically the primary reason for its high price. A band’s attractiveness and quality are determined mainly by its band design and the precision with which its stones are set.
If you compare JCO London to other suppliers, you’ll see that the jeweller puts in far more time and effort.
Generally speaking, the diamonds’ brilliance should be considered when evaluating a wedding band (how much the diamonds sparkle and reflect white light). In tiny diamonds, brilliance is the best measure of beauty and quality.
Conclusion
These are some ways that can help you determine the correct value of your wedding bands. If you want to buy Diamond Wedding Bands for Her, check out the collection of JCO London.
