The news is out. Kanye West popped the question to Kim Kardashian. The more important part of the story is the 15-carat engagement ring he gave her.
The diamond on the ring is more than a carat smaller than the center stone of the $2 million, 20-carat engagement ring given to Kardashian in 2011 by her former husband Kris Humphries.
But what it lacks in size it may have been made up by the quality of the stone. The diamond is being described in reports as “flawless.” If the diamond is indeed “flawless” or “internally flawless” it could potentially be more valuable than the ring Humphries gave her. That ring was graded as I color and VS1 clarity, which is generally an above average grade. It sold at auction a week ago for $749,000, less than half of the original purchase price.
Reports also describe the new ring as being much more expensive than the Humphries ring.
“For a frame of reference, a 10 carat, D, Internally Flawless diamond cost about five times more than a 10 carat I, VS1,” said Joe Murawski of Joden World Resources, an antique and estate jeweler.
David Cooper of Jeff Cooper Designs, a bridal jewelry manufacturer, said that while the improved grade of the diamond (if the reports are true) will add value, there are other more personal considerations that should go into a successful engagement ring purchase.
“To me, what’s most importance when viewing any stone is what the stone says to you,” Cooper said. “A diamond like a person is unique and it should have a presence, personality and beauty all its own—regardless of color and clarity.”
This ring, as the previous one, is designed by Lorraine Schwartz, jewelry designer to the Hollywood stars and a personal friend of Kardashian. The one photograph of the ring being circulated from the Instagram account of hairstylist Clyde Haygood, is difficult to see the diamond clearly. Cooper and I think it might be an emerald cut but a better view is needed. No matter the cut, Cooper approves of the design.
“I honestly can't see the ring well but I can say the ring is clean and is designed in a very traditional style,” Cooper said. “I love how the metal is minimized and allows the diamonds to take the spotlight. Regardless of their clothing and other fashion choices, this is a 100 percent winner no matter the day, year or decade. Classic never goes out of style”
Meanwhile, Murawski says buying a serious diamond engagement ring is a question of “what you like and what makes sense.”
“The D, Internally flawless diamond is certainly more valuable, but the I, VS1 is more sensible, because there is a far greater market for that stone…. (However) There are those customers who would say, ‘Why would I have something that’s less than the best when I can afford the best?’ Then it is less about making a judgment of sensibility, and is more about making a judgment of preference--what the buyer likes. Both judgments are valid.”
Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes Website.