According to a recent report, the global diamond industry will be worth $123 billion by 2030.
Diamond rings are one of the most precious pieces of jewellery you can own. Verifying their actual value is another matter.
If you own a diamond ring, you may not know how many carats it has. Learning how diamonds are valued will help you understand the value of your rings and other jewellery.
Read on to find out about how many carats are in your diamond ring.
Karat Vs. Carat
The carat (ct) is the internationally accepted unit of measurement for the weight of a diamond or gemstone. One diamond carat is equivalent to 0.20 grams. Carats themselves are not a measurement of purity or quality.
On the other hand, a Karat is a measurement of gold purity. 24-karat gold is 100% pure, while 12 karat gold is around 50%.
While the two phrases sound the same, they are two completely different measuring systems that have nothing to do with one another. Check out the full explanation by raremetalblog.com.
Carat Weight and Value
So, how does diamond weight relate to diamond worth?
Because heavy diamonds are rarer than light ones, higher carat diamonds are worth more. The price increase is sharp on the diamond market for high carats. For example, one 2-carat diamond will be worth more than two 1-carat diamonds, and so on.
Many other factors also dictate diamond value. Cut quality, colour, and clarity all factor into the total value of a diamond.
Generally speaking, though, you can expect to pick up a 1-carat diamond ring for around $10,000. Prices do vary a lot, though, so if you’re looking for an accurate valuation, you should get the opinion of more than one appraiser.
Where Should I Get My Ring Weighed?
If you purchase special scales, you can weigh your ring at home yourself. These scales should be triple-digit and capable of accurate measurements.
However, weighing your diamond at home doesn’t give you all the extra insight into the actual value of a diamond ring. If you want to know how many carats are in your ring, and how that affects its value, you should take it to a licensed jeweller or appraisal centre.
By doing some research at home and having the experts take a look at your diamond ring, you’ll ensure you get the most transparent picture of what it’s worth.
How Many Carats In Your Diamond: What You Need to Know
So, that’s the rundown on how to find out how many carats are in your diamond ring.
Once you know, you will be able to decide what best to do with it or whether an upcoming purchase is right for you.
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