How Much Is My Diamond Worth?
Behind every diamond, there’s a story. A timeless gift from a loved one. A precious inheritance. Diamonds are known for sentimental value.
But if you’re looking to sell your diamond, you may be wondering: “How much is my diamond actually worth?”. At YL Diamonds, we can give you an approximate value for your diamond jewellery pieces.
Get in touch with us today to book a free, no obligation valuation, or use our easy online service.
Sell your diamonds for cash, either in-person or online to us today for free. Our selling process is secure, fast, and truly easy-no matter where you are in the UK. Get friendly service, expert valuations, and the best prices out there when you sell with YL Diamonds.
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How Much Is a Diamond worth?
How much a diamond is worth depends on a variety of factors, including its cut, clarity, colour and weight (carat). A diamond’s value will also depend on its condition, as and if the owner has any of its original certificates. The average selling price for a diamond in the UK ranges from around £1,200, up to hundreds of thousands of pounds.
When you buy or sell a diamond engagement ring, diamond earrings, or other diamond jewellery, the price of the diamond will depend on a variety of factors. This is good news for people that are looking to buy diamonds while on a budget.
How to Value a Diamond
It’s important to understand how to value a diamond before selling one. That’s because you to make sure you’re getting a fair price for your pre-owned jewellery pieces.
Often pawnshops and auctions will take a cut of the sale for profit-meaning you don’t necessarily receive the actual worth of your diamond. But with a trusted and reputable diamond wholesaler like YL Diamonds, you can be confident to receive the true worth when valuing your diamonds. Our diamond valuation process is completely transparent, so you can rest assured you’re receiving a fair price when selling your diamond.
Valuing a Diamond Using the 4 C’s
The “4 Cs” are a set of criteria that diamond wholesalers and retailers often use to estimate a diamond’s worth. Originally a guideline established by the Gemological Institute of America (GIA), the 4 C’s are as follows:
1. Carat
The “carat” refers to the diamond’s weight. 1 carat equals 200 milligrams (0.007055 ounces). The higher the carat, the more the diamond is likely to be worth.
2. Colour
Diamonds come in all shapes, sizes and colours. The most popular diamond colour is white. This is because a colourless diamond allows more light in, making for a more “sparkly” diamond.
The colour of a diamond also has its own grading system, ranging from D – Z. A white Diamond would be graded ‘D’, while a coloured one would be labelled ‘Z’.
It’s important to note that blue diamonds have a different grading system.
3. Clarity
The “clarity” of a diamond refers to its purity. Diamond clarity is graded from IF (Internally Flawless) to I3 (Level 3, Included, or including blemishes).
Naturally, a diamond may become impure with time as it is worn. This results in blemishes, or external marks, which may be noticeable when selling. That’s why the purer a diamond, and the better it’s condition, will affect it’s value.
At YL Diamonds, we use the latest technology to asses the clarity of a diamond. Though the naked eye will reveal part of a diamond’s worth, using technology that can magnify the diamond help us to better understand the diamond’s clarity.
4. Cut
The cut of a diamond also determines its price. But, the cut of a diamond is in the hands of who crafted it. So, when selling your diamond, it is important to keep this in mind.
Diamonds come in various shapes – from round or princess cut diamond rings, to cushion and emerald diamond shapes. The cut of the diamond is valued in terms of how light reflects through the cut, its symmetry as well as its proportions and polish.
When buying or selling a diamond, it is important to remember that the cut of a diamond will heavily influence its price.
Valuing Diamonds Using a Diamond Certificate
A diamond’s grading certificate is a valuable document which helps us determine the price of your diamond. At YL Diamonds, we have a particular interest in buying GIA, HRD and IGI certified diamonds. This is because these are considered the most reputable and renowned certified diamonds.
A diamond certificate verifies what you have bought or are selling is natural – or, the real deal. But, that’s not to say we can’t value or buy diamonds that don’t have a certificate.
So, if you’re looking to sell a diamond without an original certificate then get in touch and we’d be happy to help find its worth.
How Much Is a 1 Carat Diamond Worth in the UK?
A commonly asked question online and in-store is “how much is a 1 carat diamond worth?”. This is because 1 carat diamonds are the most popular choice for brides in the UK and worldwide. Yet, people do often part ways with their diamond engagement or wedding rings.
A 1 carat diamond in the UK’s worth can range from £3,000 to even over £20,000. How much a 1 carat diamond is worth will also depend on the condition it is in and where it was bought from.
How Much Are Lab Created Diamonds Worth?
Lab grown diamonds, generally, are worth around 20 to 40% less than natural diamonds. This is because lab created diamonds are cheaper to make. In recent years, lab created diamonds are becoming increasingly popular and valuable in price.
If you have a lab grown diamond that you are looking to value, get in touch with us today.
Are Sapphires Worth More Than Diamonds?
Though sapphires are rare, diamonds tend to be worth more in price. This is because diamonds tend to be rarer, are today found in purer forms and are higher in demand in the diamond market.
Yet, that’s not to say your sapphire diamond ring or earrings can’t be sold for a high price. We can help value your sapphires for free at YL Diamonds.
Do You Have a Diamond to Sell?
As diamond jewellery pieces are often given as gifts to loved ones or inherited through families, their worth can often be high in sentimental value. However, many people do part ways with their diamonds. While doing so, they may be confused about how much their diamonds are truly worth and how they can value them.
If you’re considering selling your diamond and are unsure what it is worth – look no further. YL Diamonds, an established family-run business, can give you an approximate value for your diamond jewellery pieces. Whether it be you’re selling a diamond engagement ring or a diamond pendant necklace, we can help give you the highest possible price.
Book an in-person free appointment at our Hatton Garden office today and sell your diamonds in London. Alternatively, if you live far away or cannot visit, then you can use our free online diamond selling service in which we will value your diamond for free before you choose to sell to us.