| Unit | Min Price | Max Price |
|---|---|---|
| 1 Carat / 0.2 grm / 200 mg | ₹ 58000 | ₹ 64000 |
| 0.5 Carat / 0.1 grm / 100 mg | ₹ 29000 | ₹ 32000 |
| 0.25 Carat / 0.05 grm / 50 mg | ₹ 14500 | ₹ 16000 |
| 0.1 Carat | ₹ 5800 | ₹ 6400 |
| Unit | Min Price | Max Price |
|---|---|---|
| 1 Carat / 0.2 grm / 200 mg | ₹ 63000 | ₹ 69000 |
| 0.5 Carat / 0.1 grm / 100 mg | ₹ 31500 | ₹ 34500 |
| 0.25 Carat / 0.05 grm / 50 mg | ₹ 15750 | ₹ 17250 |
| 0.1 Carat | ₹ 6300 | ₹ 6900 |
Diamond prices in India, like in most parts of the world, are determined by a combination of factors, including the global diamond market, the diamond's characteristics, and local market dynamics. Here's a detailed explanation of how diamond rates are typically fixed in India: Global Diamond Market: The global diamond market plays a significant role in determining diamond prices in India. The market is influenced by several key factors:
Diamond Mining: The supply of diamonds begins with diamond mining companies. Major players in the diamond mining industry, such as De Beers and Alrosa, control a substantial portion of the world's diamond production. These companies mine rough diamonds and then sort and classify them based on their quality and characteristics. Diamond Cutting and Polishing: Rough diamonds are then sent to cutting and polishing centers, where they are transformed into the polished diamonds used in jewelry. The cost of cutting and polishing can vary based on factors like labor costs and efficiency.
Diamond Trading Centers: Major diamond trading centers, such as Antwerp, Tel Aviv, and Mumbai, serve as hubs for diamond trading. These centers facilitate the buying and selling of rough and polished diamonds among traders, manufacturers, and retailers. Diamond prices are influenced by trading activities in these centers. Global Economic Conditions: Like other commodities, diamond prices are influenced by global economic conditions, including factors like currency exchange rates, inflation, and consumer demand. In times of economic uncertainty, diamond prices may be more volatile.
Market Speculation: Diamond prices can also be influenced by market speculation, where traders and investors speculate on future price movements. This can lead to short-term price fluctuations. The 4Cs: In addition to global market dynamics, the "Four Cs" are essential factors in determining the price of a diamond. The Four Cs refer to the diamond's Cut, Color, Clarity, and Carat weight: Cut: The quality of the diamond's cut significantly affects its brilliance and value. A well-cut diamond reflects light effectively, making it more valuable.
Color: Diamonds are graded on a scale from D (colorless) to Z (light yellow or brown). Colorless diamonds are typically more valuable. Clarity: Clarity refers to the presence of internal or external flaws (inclusions or blemishes) in the diamond. Diamonds with fewer flaws are more valuable. Carat Weight: Larger diamonds are rarer and typically command higher prices. Carat weight is a key factor in determining a diamond's value.
Local Market Dynamics: The diamond market in India is also influenced by local factors: Consumer Demand: Consumer preferences and demand for different diamond shapes, sizes, and jewelry designs impact local prices. For example, engagement rings with specific diamond shapes may be more popular in a particular region, affecting local pricing. Labor Costs: The cost of cutting, polishing, and setting diamonds in jewelry varies based on local labor costs. Regions with lower labor costs may offer more competitive pricing. Market Competition: The presence of numerous jewelers, wholesalers, and retailers in India creates a competitive market, which can influence pricing. Certification: Diamonds are often accompanied by certificates from reputable gemological laboratories like the Gemological Institute of America (GIA). These certificates provide information about a diamond's quality and authenticity. Certified diamonds tend to be more transparently priced based on their characteristics.
Market Conditions: As with any commodity, diamond prices can be subject to market supply and demand dynamics. Prices may rise during peak buying seasons, such as wedding seasons, or due to special occasions like festivals and holidays. In India, you can purchase diamonds from various sources, including local jewelry stores, wholesalers, and online retailers. It's essential to research and compare prices, demand certificates, and understand the specific characteristics of the diamond you intend to purchase to make an informed decision. Please note that diamond prices can fluctuate, so it's advisable to stay updated on the latest market trends and seek guidance from certified gemologists or experienced diamond professionals when making significant diamond purchases.
Find Diamond Rates in Tamil Nadu and Chennai in tn.tamildot.com. The Diamond rates are getting updated daily as per the market Price. Diamond rates can vary from shop to shop due to the quality of the product being offered !