How Much is My Diamond Worth?

by | Feb 28, 2023 | Blog | 17 comments

Have some diamond jewelry or some loose diamonds laying around? If so, you’re probably wondering “how much is my diamond worth?”

Selling diamonds and old jewelry is a fast and easy way to make a few extra bucks — especially if the jewelry doesn’t hold any particular sentimental value.

Unlike gold jewelry, a diamond’s value is calculated by many more factors than simply weight alone. Sure, many factors determine the cost of gold, but when you sell your gold jewelry, most locations calculate the value based on nothing more than weight.

Unfortunately, it is nearly impossible to calculate the worth of a diamond on your own. Diamonds and jewelry must be appraised by qualified professionals.

But that doesn’t mean you can’t get somewhat of an answer to the question “how much is my diamond worth” on your own.

Wondering “How Much is My Diamond Worth?” Here’s What Appraisers Consider…


It isn’t easy to determine exactly how much your diamond is worth. Appraisers take many factors into consideration. Color, clarity, cut and carat — otherwise known as the four Cs.

Next, the appraiser must consider the band and setting. Is it in good shape? What is the material?

Finally, other external factors contribute to the cost of diamonds such as market value. In other words, your diamond is worth exactly what other people are willing to pay for it. Still, this doesn’t mean you’ll get exactly what it’s worth (but we’ll get to that later).

The Geological Institute of America (GIA) has an official grading system for calculating the worth of diamonds and diamond rings Here’s what appraisers typically consider when you bring in either a loose diamond or diamond jewelry.

1. Color

Although chocolate or pink diamonds are all the rage right now, that doesn’t necessarily mean they’re worth more money.

If you have a white diamond, appraisers look to see how “white” it is. Any yellowish or brownish tints can significantly degrade the stone’s value.

When it comes to colored diamonds, the prices fluctuate even more.

GIA color grading scale

Naturally occurring colored diamonds may be worth way more than white diamonds due to their rarity. The Hope Diamond, for example, is dark blue and worth nearly $250 million dollars.

Fun fact: many people possessing (or attempting to steal) the Hope Diamond throughout history have met untimely fates.

Other rare colors include yellow, pink, and red — the rarest of all.