It is easy to determine the price of most products. It’s all depend on demand and supply factors in market. If market demand is more than supply, so the prices of products or service automatically, goes increasing or if market demand goes down only supply increases, so the prices of goods and services will decrease. This concept is simple right? We can relate this concept in our daily shopping.
Mostly all sellers find out how much cost for making the product or how much did it take to launch that product in the market. after that, they add 15 to 30% more cost
Now, the topic of discussion is how to determine the price of diamonds?
To determine the price of diamonds is not so easy. There are many things are taking into account to deciding the price of diamond.
Firstly, the cost of rough diamond is calculated then, the cost of cutting is added in it and then whatever other expenses are incurred during the converting period of rough diamond into a marketable diamond, all of them are added.
·On the basis of color, cut, weight, and the clarity of diamonds, an independent organization may be called to certifying the grade of a diamond.
· As these, diamonds continue to go into the hands of different sellers, the prices of a diamond will keep on increasing still its best buyer is found.
But, before it falls into the hands of buyer, they have to go through many levels like first, mining then, it goes to the cutter, then polisher, then an independent organization and then it goes into the primary market where the diamond dealers or wholesalers purchase it and sold to the retailers.
As you have seen, if a diamond bought in a early stage, Then its price is less. But…but, remember its value is not reduced. The value of diamond is based on its market selling price at which the diamond is sold through the retailers.
If you own a diamond, and wants to calculate its price so, there are so many diamond price calculator available on the Internet these days and most of the diamond dealers use it too.
If you wants to determine the cost of diamonds firstly, you should need to know about the diamonds like the cutting, color, there clarity and weight.
Thank you so much 🙏
Keep supporting me.
And don’t forget to read, like and comment.😇