How to buy best diamond engagement ring?

Abbas , Chairman of the Board of Directors of "Diamond Center".

The local market prefers stones that weigh between 0.25 and 0.50 carats, are H and I colors, and have a clarity of Vs1 and VS2.

Dr. Magdy Abbas, Chairman of the Board of Directors of "Diamond Center said before you determine your budget, you should educate yourself on the basics of a diamond.

SEE interviewed the jeweler Dr. Magdy Abbas, to know more about how to buy and choose a diamond engagement ring and the factors affecting prices.

Dr. Magdy Abbas, Chairman of the Board of Directors of "Diamond Center

What is the difference between open and closed diamonds?

The term "closed diamonds and open diamonds" is traded in the local market. "Closed" indicates that it has a certificate from international laboratories such as GIA, HRD, or GIA, while open diamonds do not have a certificate.

It is better for you to buy the closed diamond, and the cost of approving the ring is approximately $300.

Why diamond is expensive?

One of the common mistakes about diamonds is that it is expensive. It is not necessary for you to buy an engagement ring weighing one carat or two. It is possible to purchase a ring of 0.35 cm of carat.

The carat is pided into 100 parts, a ring of 40 cm or 70 cm it said, and the other factors in the ring pieces, the color of H, the purity of VVS2), or you can buy used diamond rings.

Does a diamond engagement ring lose its price when selling?

Diamonds are not considered an investment, because a new piece of it loses at least 10% of its value when reselling it. Old or used pieces may lose 70% of their value. The companies and merchants record the percentage of loss on purchase invoices because it is a contract between the consumer and the companies.

So you should get a bill of sale and a guarantee that includes all the details of the ring, its specifications and its price. You should write down the discount rate when selling or replacing it.

The discount rate shall be calculated at the time of sale or replacement in pounds, not determined based on the price of the dollar.

You should also go to the same dealer when selling or replacing the diamond because the invoice and the guarantee are considered a contract, and any other dealer is not bound to what was agreed with others.

How do you evaluate a diamond engagement ring?

Until the middle of the twentieth century, there was no agreed-upon standard by which diamonds could be judged. GIA created the first, and now globally accepted standard for describing diamonds: Color, Clarity, Cut and Carat Weight.

Today, the 4Cs of Diamond Quality is the universal method for assessing the quality of any diamond, anywhere in the world. The creation of the Diamond 4Cs meant two very important things: diamond quality could be communicated in a universal language, and diamond customers could now know exactly what they were about to purchase.

Grading of the 4 C’s help determine the value of a diamond and indicate its quality. Diamond sellers often set their prices based on grading reports.

Knowing the basics of these grading is helpful when comparing two similar diamonds. Having a foundational understanding of the 4 C’s is imperative as a buyer, so that you can avoid spending your budget on a component that will go unnoticed.

What are the 4 C's of Diamonds?

The 4 C's of a diamond stand for the cut, clarity, carat, and color grades, which are the four most important factors in determining the value of a stone.

Each of these four factors plays a really big role in the final price of the diamond.

What is Diamond Cut?

Diamond Cut does not refer to a diamond’s shape (e.g. round, oval, pear, etc.) but to a diamond's proportions, symmetry and polish.

The most important of the 4Cs is cut because it has the greatest influence on a diamond's sparkle, and is the most important element to consider when buying a diamond.

The cut is the biggest factor in creating sparkle and fire, and without a high cut grade even a diamond of high quality can appear dull and lifeless.

A diamond cut poorly and too deep can face-up smaller than it actually is. Grades range from ‘Excellent’ to ‘Poor.’

What are the diamond colors required in Egypt?

The second most important of the 4Cs is color, which refers to a diamond's lack of color. The less color, the higher the grade.

After diamond cut, diamond color is the second most important characteristic to consider when choosing a diamond. The highest quality diamonds are colorless, while those of lower quality have noticeable color, which manifests as pale yellow in diamonds.

Diamonds come in a variety of colors, some of them highly prized (pinks, blues, even yellow). However, in a white diamond, the presence of a yellow tint will lower the price of a diamond.

The less body color in a white diamond, the more true color it will reflect, and thus the greater its value.

The Gemological Institute of America (GIA) grades diamond colour on a scale of D (colorless) to Z (light yellow or brown). All D-Z diamonds are considered white, even though they contain varying degrees of color.

True fancy colored diamonds (such as yellows, pinks, and blues) are graded on a separate color scale. The colors required in Egypt are G and H, and their prices are appropriate and correspond to the purchasing power of the citizens, as well as their quality and tendency to white, and the color in lower degrees tends to yellow, and its price is very low.

Yellow diamond grades are traded in the local market due to the low price value, and it has attracted new social segments. Some Arab countries are interested in weight at the expense of color. The weights in circulation in them range between 2 and 5 carats, but their color grades are low and yellowish.

What is diamond clarity?

Clarity is one of the 4Cs of diamond grading and quality, which Refers to the Absence of Inclusions and Blemishes

Diamond clarity is the least important factor when choosing to buy a diamond because most diamonds have blemishes and small inclusions that are microscopic, unable to be seen with an untrained or unaided eye.

The FL grade is the highest degree of purity in diamonds and thus its price is very high, and the local market trades grades of Vs1 and VS2, which are stones that contain few impurities and are affordable, and the lower grades are poor and cheap, such as SI and I.

What Is Diamond Carat Weight?

Diamond carat weight is the measurement of how much a diamond weighs. A metric “carat” is defined as 200 milligrams.

Each carat can be subpided into 100 ‘points.’ This allows very precise measurements to the hundredth decimal place. A jeweler may describe the weight of a diamond below one carat by its ‘points’ alone.

For example, the jeweler may refer to a diamond that weighs 0.25 carats as a ‘twenty-five pointer.’ Diamond weights greater than one carat are expressed in carats and decimals.

Diamond price increases with diamond carat weight because larger diamonds are rarer and more desirable. But two diamonds of equal carat weight can have very different values (and prices) depending on three other factors of the diamond 4Cs: Clarity, Color, and Cut.

It’s important to remember that a diamond’s value is determined using all of the 4Cs, not just carat weight.

What are the types of diamonds preferred by the Egyptian citizen?

The local market prefers stones that weigh between 0.25 and 0.50 carats, are H and I colors, and have a clarity of Vs1 and VS2.

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