We need not mention how popular diamonds are. Diamonds are extremely popular and most people dream to have a diamond engagement ring. Along with the popularity, many myths about diamonds are also prevalent. Believing in these myths, some people foolishly spend enormous money on unnecessary characteristics of a diamond. In this article, we are discussing some myths related to diamonds and reveal the truth about them.
Myth 1: A Higher Carat Weight Means A Higher Price
While shopping for a diamond ring, you will see that the price of the diamonds increases with carat weight. But you should understand that carat weight is not the only quality parameter that determines the value of a diamond. The price and quality of a diamond are determined by the ‘Four Cs’. The four Cs include cut, carat, color, and clarity. So you can see that carat weight is just one of the four parameters that determine the price of a diamond.
There are diamonds with higher carat sizes but have poor grades in clarity, cut, or color. You may find these rings cheaper than a smaller diamond with good 4C grading. So paying more just for a higher carat weight may not be a good idea.
Myth 2: The Rarity Of A Diamond Is The Reason For Their Higher Price
You may have heard that diamonds are very rare and the rarity of diamonds is the reason for their higher price. This is not true. These are marketing strategies implemented to make people think that diamonds are ultra-rare and they need to spend a lot to acquire them. Most diamond mines have abundant raw diamond reserves. The rarity of diamonds is mainly created by limiting the supply of diamonds to the market.
Myth 3: Mined Diamonds Are The Only Real Diamonds
Many people still believe that lab-grown diamonds are just cheap fake diamonds. Keep in mind that lab-grown diamonds are real diamonds and they have all the properties of a natural diamond. The physical, chemical and optical properties of a lab-grown diamond are the same as natural diamonds. The only difference is that natural diamonds are mined from the earth, whereas a lab-grown diamond is produced in a lab.
Myth 4: Diamonds Are A Great Asset
Are diamonds a good investment for you? The answer is a big no. Diamonds have poor resale value because of the limited demand for used diamonds. So, purchase a diamond ring only if you intend to use them your whole life.