Calculating the value of your engagement ring is important if you are planning to insure or sell it. The value of your rings can be dependent on several factors including gemstones and metal. You have to analyze these factors to determine the true value of engagement rings. There are different organizations that offer appraisals and certifications for your ring. If you want authentic certificates that state the value of your engagement ring, then it is better to seek the help of such organizations.
If you want to determine your ring’s worth, there are several important things you have to consider. Some of them are:
Gemstones are an important factor that can have a significant impact on the price and value of your engagement ring. Diamonds are one of the most expensive gemstones. Colorless diamonds that come with higher quality grades have great values and higher price ranges. But some colored diamonds can be more costly than colorless diamonds
Red diamonds are the most costliest of all gemstones across the world, as they are extremely rare. Also some other rare diamond colors including blue, green, pink, etc. come in unbelievably higher price ranges.
Some other costly gemstones include fire opal, red beryl, and benitoite. Rubies, sapphires, and emeralds can be costly too, but their price can be lower than diamonds in most cases.
Additionally, lab grown diamonds can be very less expensive than natural ones. The value of these stones can be low in comparison with natural ones, as they are not rare because of their artificial origin.
Also, diamond simulants like moissanite and cubic zirconia are cheaper than real diamonds, hence, their value can reduce accordingly. Therefore, it is important to find out the type of stone present in your ring to determine its value.
The Quality Of Gemstones
The quality of gemstones will be usually determined based on different factors including their cut, color, clarity, carat, shape, etc. You can get gemstone certificates from gemological labs like the GIA that can help you to determine the grades given for each quality attribute. The higher the quality of the stone, the greater will be its value.
The Metal Of The Ring
The price and value of a ring can greatly vary based on the metal used in it. Platinum is the most costly option and gold has the second position. Silver is cheaper than these metals, hence, its value can be lower.
If you want to determine the value of your engagement ring, then it is better to seek the help of your jeweler who can analyze different factors to calculate its true value.