A 4 carat diamond ring price can easily cost as much as a brand new top of the range luxury automobile. Depending on the cut, color and clarity an average quality single stone costs anything upwards of $50,000, with a top grade stone being nearer to $100k. The value of metal used to set the stone can add another few thousand dollars to the overall cost.
One cheaper alternative is to use multiple small stones to achieve the same CT. This can save 30-40 percent on the cost when compared to a ring set with a single gem. Smaller stones are easier to obtain and are not as rare as the larger single gem.
You should also be aware that a single stone will attract higher insurance premiums. In part because the stone is rare and will be more difficult to replace is lost or damaged. Using several smaller stones makes it easier and cheaper to replace or repair if you lose or damage a stone.
When you purchase valuable items, shop around for insurance deals. It is advisable to discuss insurance cover with your broker before, or immediately after making your purchase. Sellers are likely to offer insurance cover for your ring, but is usually more expensive than anything your broker will offer.
How and where jewelry is purchased also has an impact on the price. Independent jewelers are likely to add a larger markup to help cover overheads. Buying a similar product from a large retail jewelers store, may be cheaper, because they can afford to bulk buy.
Before spending a large amount of money on a piece of jewelry, shop around and research on the internet to compare prices. Should you decide to purchase from a seller through the internet, take steps to confirm that you are buying from a legitimate seller. If you are offered a 4 carat diamond ring price that is well below those offered by other sources, it could be a sign that the stone is off inferior quality.
One cheaper alternative is to use multiple small stones to achieve the same CT. This can save 30-40 percent on the cost when compared to a ring set with a single gem. Smaller stones are easier to obtain and are not as rare as the larger single gem.
You should also be aware that a single stone will attract higher insurance premiums. In part because the stone is rare and will be more difficult to replace is lost or damaged. Using several smaller stones makes it easier and cheaper to replace or repair if you lose or damage a stone.
When you purchase valuable items, shop around for insurance deals. It is advisable to discuss insurance cover with your broker before, or immediately after making your purchase. Sellers are likely to offer insurance cover for your ring, but is usually more expensive than anything your broker will offer.
How and where jewelry is purchased also has an impact on the price. Independent jewelers are likely to add a larger markup to help cover overheads. Buying a similar product from a large retail jewelers store, may be cheaper, because they can afford to bulk buy.
Before spending a large amount of money on a piece of jewelry, shop around and research on the internet to compare prices. Should you decide to purchase from a seller through the internet, take steps to confirm that you are buying from a legitimate seller. If you are offered a 4 carat diamond ring price that is well below those offered by other sources, it could be a sign that the stone is off inferior quality.
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