Calculating the value of diamond melee can be a daunting task if you're not familiar with the process. However, with the help of a calculator and some basic knowledge, you can easily determine a fair price for these small diamonds. In this guide, we will walk you through a step-by-step process to simplify the pricing of diamond melee using a calculator.
Step 1: Understand the Terminology
Before diving into the calculations, it's important to familiarize yourself with some key terms:
- Carat Weight: The weight of a diamond, measured in carats. One carat is equal to 200 milligrams and is subdivided into 100 points.
- Color: Diamond color is graded on a scale from D (colorless) to Z (light yellow or brown).
- Clarity: Refers to the presence of any internal or external flaws in a diamond. Clarity is graded from Flawless (FL) to Included (I).
- Cut: Describes the diamond's proportions, symmetry, and polish. Cut quality affects the diamond's brilliance and sparkle.
- Shape: The physical form of the diamond, such as round, princess, or pear.
Step 2: Gather Diamond InformationCollect all relevant information about the diamond melee you wish to price. This includes carat weight, color grade, clarity grade, cut quality, and shape.
Step 3: Determine the Diamond's Quality Factors
Using the gathered information, assign value.
Step 4: Calculate the Price Per Carat
Work with a reputable diamond wholesaler who can give you an idea of price per CT based on market conditions and all the variables described above.
Step 5: Calculate the Total Price
Now, multiply the price per carat obtained in the previous step by the carat weight of the diamond melee. Total Price = Price Per Carat x Carat Weight
Pricing diamond melee using a calculator becomes easier when you break down the process into manageable steps. By understanding the terminology, gathering accurate information, and performing the necessary calculations, you can determine a reasonable price for your diamond melee. Remember to work with a reputable diamond wholesaler to ensure you're getting what you paid for.