What Would Be the Price of a Diamond Ring?
Well to answer this question one must look at the cost of the individual items required in order to produce the final product. A diamond ring consists of the metal for the mount itself, the diamond or diamonds which are set in it and the labour costs in order to produce it. The labour costs are to be divided into those of the goldsmith, who will make the ring, either industrially cast or fully hand made, the diamond setter who will set the diamonds within the ring, the polisher who will fully finish the ring by giving it its shine. A diamond ring, in order for it not to crack when worn under normal usage should not weigh less than around 2.5 grams of either gold or 3 grams of platinum, the final weight will depend on the selected style so in terms of gold bullion price one would be looking at around 50 per gram so the minimum price would be around 125. To that one must add the labour costs which are, for industrially produced ‘cast’ rings around 50 and for individually hand crafted rin
