When considering bling, there sure isn’t anything more flashy then an 8 carats diamond ring. But how much could one be willing to pay for such an investment? In this article we will discuss the different aspects that affect the 8 carats diamond ring price and subsequently, inform you of the difference that makes the prices of such rings highly volatile and unpredictable when purchasing such a high-carat gemstone.
What Determines the 8 Carats Diamond Ring Price?
As to the price of the 8 carats diamond ring, it depends on several vital factors. Let’s look at each in detail:
1. Carat Weight
Cut specifically has a bearing in the price, or more precisely, the carat weight does. The size of the diamond determines how rare a diamond is and an 8 carat diamond is considered to be rare. It doubles as the carat, and due to this, the 8 carats diamond ring price is much higher compared to rings that have smaller diamonds.
2. Diamond Cut
The shape or cut of the diamond determines its cost a lot. When a diamond is cut to the right proportions, there will be no dispersion that will hinder its gleam and hence give it the best look possible. Diamond, even if it is big, when not well cut, has the ability to look lifeless. Premium cut is important to the total price of an 8 carat diamond, if it should actually be given such an amount of carats to bring out the full service of the jewel. An ideal cut can actually add thousands of dollars to the 8 carats diamond ring price.
3. Diamond Clarity
In this case, diamond clarity refers to either the number of inclusions or at any other form of blemish contained within the said diamond. The greater the number of defects which a diamond does not display, the higher its market value will be. An eight carat diamond can be far more pricey than a three carat diamond if the latter has noticeable imperfections even though they may not be visible to the bare eye.
4. Diamond Color
Diamonds can vary in color, from clear to yellow or even slightly brown. A white colored diamond (D-F) color is most valuable. This is while Diamonds with a noticeable hue, may actually cost less than what’s expected. When choosing a specific stone size let’s say an 8 carat diamond ring, the cost difference between color grades will be apparent.
5. Shape of the Diamond
It is also worthy to note that the shape or size of the diamond determines its price. Round diamonds cost more than other shapes because they create the greatest fire and the highest amount of waste if trimmed from the rough. The extremely fancy shapes like oval, emerald or cushion cut may cost a little less even if you go in for an 8 carat.
Additional Costs to Consider
That means when one is opting to purchase an 8 carat diamond ring, other factors influence the price of the ring apart from the diamond. You’ll also need to consider:
1. Ring Setting
Depending on the setting in which it is made, the ring price may vary. Platinum settings are normally costly than gold or silver settings due to high durability and density of platinum. A more complex setting, and particularly one that will engage side stones or a halo structure, will also raise the price.
2. Certification
Ensure the 8 carat diamond you want to purchase is accompanied by a report from a trustworthy laboratory that should be GIA or AGS. This certification makes sure that the diamond you are buying is genuine and its quality will be of high standard and it can do a lot to your jewelry.
3. Insurance
Since an 8 carat diamond is a large investment, protecting your ring is important and it has to be insured. If you plan on commercializing your ring, you will have to consider the insurance cost which ranges depending on the type of ring you own.
Conclusion
An 8 carats diamond ring may be referred to as a fine, beautiful, and expensive product, which people can hardly buy. The 8 carats diamond ring price is determined by cut, color, clarity, and the shape of the diamond. Hence it appears that if you start with $80,000 or above and if you have even one million dollars it’s important to comprehend factors that influence the price. When selecting a jeweler to purchase a large diamond, an engagement ring of 8 carat or any other large diamond, people should consider several factors such as the quality of the diamond, the setting among other things.
