How Much Is My Diamond Ring Worth?
The value of a specific diamond ring varies depending on a number of different factors. At in-person buyers like pawn shops, one of these factors might be how fashionable the ring is and how well it might sell to customers. When you sell to an online buyer like Diamonds USA, its value is determined based on its materials.
The Value of Precious Metals
The value of a precious metal is based on its purity, weight, and current market price. The market price is based on the highest purity, so lower purity values are determined by multiplying this price by the percent purity (as a decimal).
For example: 18K gold is 75% pure, so a 6 gram 18K gold band has roughly 4.5 grams of pure gold. The material value in this case is 4.5 grams x the market price for gold.
The Value of a Diamond
Traditionally, the value of a diamond is based on four key categories:
- Carat: the weight of the diamond (1 carat = 0.200 grams)
- Clarity: a measure of the impurities in the stone (higher clarity = fewer impurities)
- Cut: the shape and faceting of the diamond
- Color: the hue and richness of the diamond¹
Though lower ratings may mean a lower market value, they don’t affect whether or not you’re able to sell a diamond. Buyers like Diamonds USA will accept any quality of diamond, even if it’s cracked or broken.