When Budgeting For Your Diamond Don’t Forget The Setting

One of the first questions I ask people who write in to me for help finding a diamond is if the budget they give me is for the diamond or diamond and setting. This may seem like a strange question as most people figure that setting is insignificant  compared to the price of the diamond. With the prices of gold where they are this can be a big mistake.

JCK is reporting that gold can hit an all time high as early as October and they are predicting prices as high as $1900 an ounce (it is now about $1600 an ounce). Depending on the type of setting you are looking at you should budget between $500 and $1500 for the setting alone.

So next time someone tries to tell you that yellow makes the price of a diamond go down understand that there is more then just yellow in diamond color – there is yellow in the setting as well (ok, gold) and in this case it drives the price up!


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