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Jewelry

How to Estimate the Price of Your Wedding Bands

2 Mins read

If you want to get the best wedding bands from luxury diamonds Vancouver shops, you need to set a budget. It’s true that you’ll need to spend a bit for good quality diamonds. But it doesn’t mean you have to spend outside of your means.

Are there wedding bands that are affordable? What is the estimated price of a good wedding band? How do you calculate the value of your ring?

Valuing your diamond ring teams you are also estimating the metal band value. Find out more about how to calculate this below. See how each component of the ring affects the price.

What Makes a Diamond Valuable?

When you look at diamond and diamond rings, you’d think they’re all expensive. Diamond rings are often used as wedding bands. This is because they are are very shiny, bright, and long-lasting.

If you visit diamond dealers, you’ll find that diamond rings have different prices. It all begins with the quality level of the diamond. Things like the resale value and pre-owned pieces have different prices too.

Factors That Affect the Value of Diamonds

Many wedding rings Vancouver shops seek a variety of diamonds. Among the most common factors to affect their prices are the 4 Cs. The carat, color, cut, and clarity.

In some cases, you also find diamonds that have certificates. This helps determine the price of the diamond easier. When you calculate a diamond’s price, you should be looking at its quality grade.

Check the Diamond’s Market Price

Look into diamonds of the same carat as what you’ve chosen. They should have the same color grade, carat weight, cut, and clarity. You can go from one shop to another or search online. Get the average price so that you can use it to determine value.

How Much Is the Band Value?

Many are looking at the diamond prices and sometimes forget the band. The band also has its own price. This would depend on the type of metal that the ring consists of. The band can be from platinum or gold which has different pricing. You can also weigh the band and check its purity. It also helps to determine its amount of pure precious metal.

Look Into a Diamond’s Resale Value

When you’re looking to find out the resale price of your diamond, check its current retail price. You should sell it from 20% to 30% of the retail price. You can even go up to 60% to 80% if you are pushing it further.

Where Do You Go to Find Diamond Ring Prices?

If you’re looking to sell or buy diamond rings, go to diamond dealers. It helps when you already know the price of the diamonds you intend to buy or sell. This knowledge can help you get a better deal with your diamonds.