If one is considering a huge expenditure such as a diamond ring, the size of the stone as well as its quality is very key. A 7 carat diamond ring is very ornate akin to the high class, however most of the valuable pieces are usually costly. Understanding what determines it or its price is important when making decisions. Therefore, how much is a 7 carat diamond ring, thus there are some factors to look at while purchasing a ring?
Cost Factors of a 7 Carat Diamond Ring
Several factors determine how much a 7 carat diamond ring costs, including the 4 Cs: four C’s which are cut, color, carat weight and clarity. Let’s break down these essential aspects:
Carat Weight
Carat weight refers to the size of the diamond, or more correctly, it indicates the weight of the diamond. The bigger the carat weight the rarer the diamond and therefore the price, as time goes on there are many carat weight diamonds than smaller carat weight diamonds. So moving on to the point, how much is a 7 carat diamond ring? It can cost anything from $100,000 and it can cost as high as several hundred thousand depending on the quality of other factors.
Cut
The cut is the manner in which a diamond has been aligned and shaped. For instance if the stone is cut properly say a 7 carat diamond then the light will bounce off the stone giving it such a sheen. The price may fluctuate depending on the quality of the cut, and by up to 30%. An unpolished diamond does not matter how big the carat size it will look ugly and may not be sellable at a high price.
Color
Diamonds are evaluated depending on their color that ranges from D (the highest clarity) to Z ( faint yellow or light brown). Diamond file is generally divided into 4Cs: 7 carat is much more valuable than 1 carat; D grade diamond will cost much more than any not as pure grade. There are no colored diamonds but colorless diamonds are scarcer and the price is higher. Hence, if you are thinking of a 7 carat ring, you will be forced to pay much more for a better color grade.
Clarity
I hope this makes them clear, the subject is referred to imperfections or blemishes or what in diamond parlance are called ‘inclusions’. A 7 carat diamond piece is rare let alone a fully flawless one, which could cost a lot more than ordinary ones. Practically, based on clarity, how much is a 7 carat diamond ring? In clarity, when a diamond has a high quality, then the price will be tens of thousands dollars more.
Settings and Mental Choices Impact the Price
This is in respect to the setting of the ring and the type of metal that is used on the ring. A platinum setting for example costs more than gold due to its ability to last longer due to a scarcity of this metal. Further, complex or overly ornate settings with multiple accent stones or a custom shape or style of the center stone will increase the price even more. So, if you are interested in how much is a 7 carat diamond ring with a unique cutting costs, you should prepare yourself to pay a lot of money for it.
Certification and Resale Value
Before buying a 7 carat diamond ring, be sure that this ring has a certificate in a gemological laboratory, for example, GIA or AGS. On one hand, certification is aimed to guarantee that the consumer receives the stone which parameters match the description, which can determine the cost and potential future selling price on the other hand.
However, in terms of the resale of such a setting, a big diamond such as a seven carat diamond does not lose its face as quickly as the small stones. But there are conditions under which selling capacity will still depend on the demand of the market and the overall quality of the diamond at the time of sale.
Where to Purchase a 7 Carat Diamond Ring
People in need of a 7 carat diamond ring should buy from professional jewelers or any online store that sells engagement rings. Ensure they provide details concerning the 4Cs concerning the diamond and they should provide accreditation from a professional body. Accepting them means buying around and comparing prices as well to get the best deal.
Conclusion
In a nutshell, let’s know how much is a 7 carat diamond ring? The price varies according to the SI of the diamond, though the cut, color, clarity, and carat weight are determinative factors. Prospective clients are likely to be charged up to $100,000 and well over $1,000,000 depending on the mentioned factors and the kind of ring design. When making such a capital investment, always source the stone from the right dealer and remember that the quality of the diamond is important, not the size or carat.
