Dubai is a shopping hub especially for gold and diamond jewelry. Many people visit the place to get their significant others an engagement ring worth its while. This is because the Emirate offers amazingly low prices of the jewelry items as well as lavish variety.
With only a 5 percent tax on the jewelry items, the price difference becomes pretty much significant. Moreover, the ample influx of tourists every day provides an incentive to the diamond retailers to lower their margins. That renders the purchase even cheaper.
Appropriate Cost of Engagement Rings in Dubai
The cost of an engagement ring depends on the gem’s quality and other features. However, the ring will still be cheaper than its counterparts in other countries, especially in the West. Also, until it is Tiffany or Cartier, there is a lot of scope for haggling. Moreover, the majority of the jewelry retailers in Dubai provide a complimentary setting. You do not have to pay separately for the
The cost of engagement rings in Dubai is at least 20 to 30 percent less than that of the rings in other countries. But you need to prepare for getting the optimal value for your money. Pay attention to certifications and only go for the diamonds with GIA and AGS certificates. Research beforehand to assess the price difference and the gem’s quality.
Here are a few other things that influence the price of the engagement ring:
4Cs denote the quality of the diamond and include the characteristics influencing the gem’s structure and beauty. These qualities are graded on a scale and influence the diamond’s price. They include:
This is the foremost quality of the diamond. It impacts the stone’s brilliance and sparkle, as it determines how the gem reflects the light. It refers to the stone’s proportions, angles, brilliance, facets, and finishing. Even if the other features of the diamond are high quality but the cut is sub-par, the stone would not depict optimal beauty. Whereas, a perfect cut hides the flaws of the gem.
The cut grades under GIA certification include Ideal, Excellent, Very Good, Good, Fair, and Poor. Another thing to remember is that even if two stones have the same grade, the cut may still differ.
A completely colorless diamond is of the highest quality in terms of color grading. The quality of the gems starts descending with the appearance of a yellowish tinge. The GIA grades for color begin from D and end at Z. D denotes colorless while Z, the lowest quality, has a prominent yellow/brown tint. Even if the color grade is the same for two diamonds, they still would look different based on their cut.
If you are shopping on a budget, you can compromise on color. You can save up by choosing a G or H color (with perfect cut) without any noticeable change in the gem’s appearance.
Clarity denotes the absence of blemishes and inclusions from the diamond. The clearer the diamond is the higher will be its clarity grade and its value. The clarity grade starts from Flawless (FL) and ends at Inclusions 2 (I2). The stone does not have to be perfect, i.e., grade Flawless. It has to be eye-clean, which means an SI1 (Slightly Included 1) can do well with a perfect cut. It can significantly reduce the price of the gem. An eye-clean diamond means that the inclusions are only visible through a magnifying glass. This one is quite technical if a person wants the highest quality in clarity. As the inclusions might not be visible to the naked eye, a jeweler can pass off a low-quality gem as the perfect one. That is why it is advised to go for reliable certifications like GIA.
Contrary to popular belief, carat does not denote the diamond’s size. It is the stone’s weight; 1 carat is equivalent to 0.2 grams or 200mgs. The size can vary based on the cut and shape. Also, the carat weight is the most decisive factor when it comes to the diamond’s price. A slight difference in the carat can lead to a sharp increase or decrease in the price. For instance, the difference between 1.0 and 0.5 carats is not visible in appearance, but the price difference is significant.
Another factor that influences the price is the size of the diamond and setting. A large, single diamond in the center has a significantly increased price. Multiple, small stones can reduce the price greatly.