Cheat codes: How to get a 1 carat diamond for less than $5000

If you’ve shopped around at the local jewelry stores you’ll know that it is virtually impossible to find a good looking 1 carat diamond for less than $5000. When you include $500 to $1200 for the gold or platinum ring you certainly can’t get a 1 carat diamond ring for $5000. This is why so many people are surprised that this is actually possible when they start looking online for their diamond.

Sometimes you can find a very good deal on a 1 carat diamond it is a fancy cut. This is any shape that is other than a round brilliant.

I found a pear shape diamond today which is very reasonably priced.

Here’s the real secret. I managed to narrow the search to include diamonds with an SI2 clarity grading. I don’t dare do this on any other site because no other site lets us see all the diamonds at such high resolution. Many diamond vendors do post a link to the diamond grading report, which I would have to look at if I couldn’t see an image of the diamond.

If choosing a diamond with an SI1 clarity grade, or lower, we must look closely at the diamond to see if the diamond has any inclusion which hampers its ability to sparkle. JamesAllen has such clear photos of the diamonds they make available through their website that we know exactly what we are getting.

Here is our Catch of the Day:

It is a 1.01 ct Pear cut diamond.

You may be aware that another kind of fancy cut, the Marquise cut diamonds, require a very specific length to breadth ratio for there not to be a bow-tie effect. That’s where the light does not reflect through facets in the middle of the Marquise and cause the middle to show a bow-tie shaped dark patch.

Pear cut diamonds do not suffer from this problem. As a matter of fact there is no preferred ratio for pear cut diamonds. It is a matter of personal preference.

The ratio of this particular diamond actually contains a very eye pleasing ratio.

With a length of 8.18mm, this is exactly 69% longer than the width of 5.65mm.

1.01 Carat G-SI2 Ideal Cut Pear Diamond

When setting the parameters to find a diamond like this I made sure the diamond search would only list diamonds with an Ideal/Excellent cut. GIA reports do not include the cut grade for fancy cuts, however they are still sorted according to cut quality by JamesAllen, fortunately for us.

Shape: 	Pear Carat Weight: 	1.01 Cut: 	Excellent Color: 	G Clarity: 	SI2 Certificate: 	GIA Depth: 	63.0% Table: 	53.0% Polish: 	Very Good Symmetry: 	Very Good Girdle: 		 Culet: 	None Fluorescence: 	None Measurements: 	8.18x5.65x3.56 Ratio: 	1.45

Since $3770 is quite a low price for a 1.01 carat diamond I looked very closely at the grading report.

The majority of the inclusions are on the pavilion side of the diamond (the bottom). This is a good thing as this means they can hardly be seen. One long inclusion, identified as a “feather” on the grading report shows through the top ever so slightly as I point out in this photo:

Feather can be barely seen here in this pear cut diamond

Remember this is a magnified view of the diamond. The entire diamond’s actual size is 8mm long. That feather is going to be nearly impossible to see, if not completely impossible to see in reality without a loupe.

Anyway, that’s my catch of the day for today. It has a lot of things going for it. The color is “G”, which is great, far enough removed from the minimum acceptable color for fancies, which would be an “I” color.

I’ve just been looking at diamonds, real diamonds, that is, not diamonds on the computer screen, and I can tell you that even though lots of people go for the lowest color grade they can get away with (J for round cut, and I for fancy cut) in order to get a bigger diamond, the higher color grades are just unbelievably beautiful. You’ll be very happy you got this “G” diamond.

This one is a great choice. It is going to look fantastic on some lucky girl’s finger. There’s only one of these, so if you think it’s the one, grab it.

Here it is: www.jamesallen.com/diamonds/G-SI2-Ideal-Cut-Pear-Diamond-1130166.asp

Attention! Price drop at DiamondWave!

bargain loose diamond at DiamondWaveThe diamond business is getting more and more competitive. Which is great for us consumers! We get to pick and choose, and are offered all sorts of bargains.

Today I got an email from DiamondWave.  They have dropped the prices of loose diamonds, so I suggest heading over to check out what they have on offer.

As I generally recommend using the savings we get by buying diamonds online to get a better quality stone, I looked through the diamonds listed at DiamondWave to see what I could come up with.

I was very surprised to see one lonely little diamond just waiting to be snatched up. It stood out because it is internally flawless. Once you’ve looked around a little you’ll know that the chance to buy an internally flawless diamond does not come up every day. At least not at this excellent price.

The size is just a little over the minimum threshold I recommend, weighing in at 0.61 ct.

I particularly liked this stone as it not only has an Excellent Cut (always the first thing on the list), but both its polish and symmetry are graded as being Excellent. That is a very very nice combination.

Definitely gets our “No Regrets” stamp of approval.

DiamondWave have also just gone up a notch in our books as they have both improved the searchability of diamonds on their site and added Grading Reports for viewing. Remember they have one of the most generous return policies, a whopping 45 days!

stamp of approval