What Is the Current Price of Diamonds?

Diamond exchange rate is a relatively new concept in Vietnam. However, this exchange rate plays an important role in forming the selling price of diamonds. Let’s learn more about the exchange rate of diamonds in the article below.

The value of diamonds is usually calculated in USD

What is the exchange rate of diamonds?

The exchange rate is understood as the price at a certain point in time at which the currency of one country/region is converted into the currency of another country/region. The exchange rate is calculated based on the local currency divided by the foreign currency. This means the value of the local currency and the foreign currency are inversely proportional to each other. When the local currency appreciates, the foreign currency depreciates, and vice versa. Specifically, the USD exchange rate (United States dollar), a currency unit with value worldwide.

Accordingly, the exchange rate of internationally certified diamonds also follows the value of the USD. We often hear about diamonds worth millions of dollars. This means the listed trading price on the market is calculated in US dollars. The converted value into Vietnamese currency will be based on the exchange rate between VND and USD at the time of sale. The exchange rate of diamonds is affected by the dollar in the currency market.

Factors affecting the value of diamonds

The value of natural diamonds always remains stable and does not incur a loss when resold. However, the diamond exchange rate is influenced by the currency exchange rate in each country. The exchange rate of diamonds is universal, but each stone has its own value because they possess different characteristics according to quality evaluation standards.

• Diamonds with larger sizes will have higher value than smaller ones. Even a difference of just one ly can cause a very large change in value.
• Formed deep within the earth, diamonds are mixed with many impurities. Stones with fewer flaws will have higher clarity, so their value is also much greater. When achieving perfect clarity, diamonds become even more valuable.
• The color of a diamond has a very large impact on its value. Stones with unique colors are often valued very highly. The brighter the color, the more incredibly expensive the diamond becomes.
• In diamond grading standards, the cut is also a very important factor. A perfect shape helps the stone become more beautiful and attractive. In addition, an exquisite cutting ratio also increases the stone’s brilliance.

Diamond jewelry carries a luxurious beauty

Diamond exchange rate on the market today

The market currently offers a wide variety of diamond types at many different price levels. However, GIA diamonds, certified by the Gemological Institute of America, have the highest value. Currently, the VNĐ/USD exchange rate is at 24,000 VND. According to the foreign exchange rate, the diamond exchange rate is calculated as follows:

• GIA diamond 3.6 ly, round cut, D color, VVS1 clarity, valued at 524.4 USD equivalent to 12,585,600  VND.
• GIA diamond 4 ly, round cut, D color, VVS1 clarity, valued at 615.825 USD equivalent to 14,779,800 VND.
• GIA diamond 4.5 ly, round cut, D color, VVS1 clarity, valued at 746.35 USD equivalent to 26,868,600 VND.
• GIA diamond  5 ly, round cut, D color, VVS1 clarity, valued at 1129.525 USD equivalent to 54,855,600 VND.
• GIA diamond 5.4 ly, round cut, D color, VVS1 clarity, valued at 4459.355 USD equivalent to 107,024,520 VND.

Note: Diamond prices in this article were updated in December 2021; in case of scarce supply, diamond prices may rise sharply in the future.

Contact Jemmia now:0838 353 333

The exchange rate of diamonds follows the USD exchange rate

Above is the latest information about the diamond exchange rate on the jewelry market. Hopefully, it will help readers gain more useful knowledge about diamond prices. However, this sharing is for reference only; to receive more detailed advice on diamond prices, please contact Jemmia. A reputable gemstone jewelry brand most loved by customers today.

Jemmia Diamond – A reputable place to buy diamonds

JEMMIA DIAMOND is a diamond expert, a company authorized by the Gemological Institute of America GIA to import and distribute genuine GIA-certified diamonds. Therefore, diamonds purchased at Jemmia always have clear origin, guaranteed quality, worldwide credibility, and global value.
The most competitive Jemmia natural diamond price list on the market, along with attractive buyback and trade-in policies, come to JEMMIA DIAMOND today. We believe that our experienced consulting experts will help you choose the diamond that suits you best.

For any questions, please contact us:
Showroom system:  OPEN 9:00 AM – 9:00 PM (including Sundays and holidays)

• Ho Chi Minh City: 72 Nguyen Cu Trinh, Pham Ngu Lao Ward, District 1
• Hanoi: 63 Kim Ma, Ba Dinh District

Hotline:

• HCM Branch: 0838 353 333 (press 1)
• HN Branch: 0838 353 333 (press 2)

Jemmia Diamond – Diamond expert – 100% imported unused GIA diamonds

– The origin of Jemmia Diamond’s GIA diamonds is clear and comes with international GIA certification.
– 100% are new, unused diamonds. Because Jemmia Diamond always wishes to bring happiness, good luck, and the greatest value to customers when selling new, unused diamonds.
– Good-price diamonds with extremely reasonable prices; wherever the price is good, our price is even better.

Letter from the Gemological Institute of America GIA confirming Jemmia as an official importer and distributor of genuine GIA diamonds