When it comes to buying a loose diamond, the cost of the stone is just one piece of the puzzle. Once you have purchased a loose diamond, you will need to have it set into a piece of jewelry. The cost of setting a loose diamond can vary greatly depending on a number of factors. In this article, we will explore some of the factors that can influence the cost of setting a loose diamond.
Type of Setting
The cost of setting a loose diamond can depend on the type of setting you choose. Some common types of settings include prong, bezel, channel, and pave. Each setting has its own unique look and level of complexity, and the more complex the setting, the higher the cost of the setting is likely to be.
Type of Metal
The metal used for the setting can also affect the cost of setting a loose diamond. Common types of metals used for diamond settings include platinum, white gold, yellow gold, and rose gold. Platinum is the most expensive option due to its rarity and durability, while yellow gold is typically the most affordable.
Size of Diamond
The size of the diamond will also affect the cost of setting it. A larger diamond will require more metal to hold it in place, and will therefore cost more to set. Additionally, larger diamonds are typically more valuable, which can increase the cost of the setting.
Labor Costs
The cost of setting a loose diamond will also include labor costs. The jeweler who sets the diamond will need to spend time carefully placing the diamond into the setting, and ensuring that it is securely in place. The more time and effort required to set the diamond, the higher the cost of the setting is likely to be.
Additional Features
Finally, any additional features you choose to add to the setting can also impact the cost of setting a loose diamond. For example, if you want to add accent stones around the diamond, or engrave a message into the band, this will increase the overall cost of the setting.
Overall, the cost of setting a loose diamond can range from a few hundred dollars to several thousand dollars, depending on the factors mentioned above. If you are working with a budget, it is important to communicate your budget to the jeweler who will be setting the diamond, so they can help you choose a setting that is within your price range. It is also a good idea to shop around and compare prices from different jewelers to ensure you are getting a fair price for the setting. Ultimately, the most important thing is to choose a setting that will showcase your diamond in the best possible way, and that you will be happy with for years to come.
