Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Four Factors Determine Diamond Prices


Tue 19 Jul 2022 | 05:15 PM
walid Farouk

The rise in gold prices is an opportunity to stimulate the sales of diamond markets, especially engagement and wedding jewelries.

Sansy CEO Wael Shawky said that the consumer should learn how to by the diamond before deciding his budget for the purchase of diamonds.

He also added that there are four factors deciding the diamonds' prices known as 4 Cs: cut, color, clarity, and carat weight.

"Clarity means the degree of purity, the clarity of diamonds and their freedom from external and internal impurities, according to the classification of the "American Institute of Gemological Sciences" GIA, which specified a scale of the degree of clarity of diamonds," he noted.

Shawky pointed out that the “carat” is the unit of measurement for diamonds, and equals 0.20 grams.

"The price of a diamond depends on its weight, but it does not mean that a stone weighing half a carat and wishing it 35,000 pounds," he clarified.

Sansy CEO added that the color of diamonds is one of the most important specifications, and its natural color depends on the percentage of impurities in it.

Shawky explained that the cutting factor is one of the most important factors in determining the price of diamonds, and it affects it directly.

"If the consumer wants to reduce the value of the ring while retaining the weight, the purity should be reduced, not the color because it is more visible," he concluded.

The policy of “Diamond Bank” sets a 10% loss on selling in the first year, 5% in the second year, and clients achieving a 5% gain in the third year, which increases in successive proportions according to the rise in the prices of rough diamonds and gold.