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The company first identifies the market value of the item through an automatic pricing engine and then agrees on a reserve price with the sellers. The diamonds sold at Worthy.com are graded at the Gemological Institute of America (GIA) or at the International Gemology Institute (IGI). The brand-named watches are authenticated at CentralWatch.
Best for fine jewelry: James Allen. Best for affordable jewelry: Baublebar. Best for trendy jewelry: Mejuri. Best for sustainable jewelry: GLDN. Best for 14k gold jewelry: Catbird. Best for ...
Diamond reports from GIA (as well as other, for-profit sources) are now demanded by most consumers purchasing diamonds over a certain size, typically for over 0.5 carat (100 mg), and almost always for over 1.0 carat (200 mg), and are considered an important tool in guaranteeing that a diamond is accurately represented to a potential buyer.
As an example, a 0.99-carat diamond may have a significantly lower price per carat than a comparable 1.01-carat diamond, because of differences in demand. A weekly diamond price list, the Rapaport Diamond Report is published by Martin Rapaport, CEO of Rapaport Group of New York, for different diamond cuts, clarity and weights. [33]
At this time WP Diamonds also operated from offices in Barcelona, Spain and in 2013 WP Diamonds expanded their operations into Canada, where they began purchasing GIA certified and international laboratory certified diamonds from Canadian citizens. In 2018, WP Diamonds launched in Asia opening an office in Hong Kong.
Each grid has the clarity options on the horizontal line and the color options on the vertical line. In order to calculate the price of a diamond according to the Rapaport Price List, you need to know the size, color and clarity of the diamond. The price listed based on this information is in hundreds of dollars per carat. [3]
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