Where are Igloo Diamonds® positioned in terms of their pricing?
A true comparison of diamond prices, as you might have often heard, and for a good reason too, calls for an «apples with apples» comparison. This starts by looking at diamonds graded by the same grading laboratory, as same laboratory grading presupposes consistent and identical standards. Of course, all other diamond parameters play a role as well: compared diamonds should be of the same color, clarity, cut, proportions etc. But, also, in the case of Igloo Diamonds®, the provenance should play a role. Mining and/or finishing diamonds in Canada is an operation that is costlier than doing so elsewhere. What accounts for that is Canada′s higher labour standards and additional costs associated with the remoteness of the source: the remote Canadian Arctic.
Igloo Diamonds® is a brand dedicated to social causes and does not present itself as a diamond bargain haven, «price cutters», «price beaters», «cheapest diamond source» etc. Nor can it afford it. Your value in buying Igloo resides somewhere else. It resides in what your Igloo diamond does in the world and how it came to be what it is, from provenance to finish.
Still, on strict and professionally verified «apples-with-apples» basis, surprisingly, Igloo Diamonds® may be characterized as being at current market level. This despite the fact that substantial funds from the proceeds of sale are funnelled towards the clearing of an assigned plot of land in a Mozambique minefield.
What it means, as well, is that your money did a lot more than buying a diamond, a lot more than playing a role in a business transaction.
Below you will find information regarding other basic consideration that affect a diamond′s price.
A diamond′s price is directly related to the combination of the four C′s.
Thus, a diamond of twice the weight of another is much rarer and therefore more precious and will have a higher price per carat. The price per carat is the monetary value that when multiplied by the diamond′s weight (in carats) produces the diamond′s price.
Weight also has psychological as well as scarcity value since a diamond of 1 carat or slightly higher is worth considerably more, weight for weight, than a diamond of 0.90 carat because it has reached or exceeded the conventional unit of the complete or full 1.00 carat. The same principle applies at the dividing line for 2 and 3 carat diamonds etc.-as the price increases in leaps with each complete and full carat unit. Price jumps for full and numerically «round» «stages» are also applied to diamonds of lesser weights, i.e., a 50 Carat-points diamond vs. a 49 Carat-points diamond is more valuable weight per weight by being a «full» 1/2 carat.
Color also plays an important role in determining a diamonds value. The price of a diamond varies quite sharply with color. Moves in clarity grades will affect the price in a similar manner. As the combinations of clarity, cut and color increases in «total score» -- their effect on price becomes greater.
