How much does it cost

How much does a diamond cost in the United States

There is nothing more special and timeless than a diamond, but owning one of these precious gems comes at a price.

How much does a diamond cost? The average price can range from $ 1,500 for a 0.5-carat diamond to $ 21,000 for a two-carat diamond.

A 1-carat diamond can cost as little as $ 2,000 and up to $ 25,000. That means a mid-range diamond should cost between $ 11,000 and $ 12,000. It sounds simple, but that is overpaying. A good-quality, well-priced 1-carat diamond should cost between $ 4,500 and $ 6,000.

Price of a diamond according to its weight in carats

Carat weightPrice per caratDiamond price
0.5 carat$ 1,100 – $ 7,690$ 550 – $ 3,845
0.75 carat$ 1,810 – $ 8,800$ 1,360 – $ 6,600
1 carat$ 1,910 – $ 15,650$ 1,910 – $ 15,650
1.50 carats$ 2,985 – $ 22,330$ 4,480 – $ 33,500
2 carats$ 4,025 – $ 42,180$ 8,050 – $ 84,360
3 carats$ 6,190 – $ 50,070$ 18,580 – $ 150,220
4 carats$ 7,575 – $ 68,130$ 30,300 – $ 272,520
5 carats$ 8,430 – $ 70,370$ 42,150 – $ 351,850

What does the price of a diamond depend on?

The truth is that answering this question is not easy because the price of a diamond can vary depending on a number of factors, including:

  • Clarity
  • Colour
  • Size
  • Carat
  • The shape
  • Fluorescence

Clarity

It is common for diamonds to contain internal and external flaws, which are known as inclusions and blemishes, respectively.

The degree of clarity of a diamond is an evaluation of the number and location of these internal and external defects. The Gemological Institute of America (GIA) assigns a clarity grade to each diamond using this scale:

  • Perfect: No inclusions or spots are visible at 10x magnification.
  • Internally flawless: There are no inclusions, but some spots are visible at 10x magnification.
  • Very, very slightly included: Inclusions are present, but difficult to see at 10x magnification.
  • Very slightly included: Minor inclusions are present and may or may not be easy to see at 10x magnification.
  • Slightly included: Inclusions are present and visible at 10x magnification.
  • Including: Inclusions are obvious under 10x magnification and can impact the appearance of the diamond.

The grade-to-grade difference may not be visible to the untrained eye, but its degree of clarity can still affect its price.

Diamonds that are higher on the clarity scale are typically worth more than diamonds that are lower on the scale.. Flawless diamonds are the most valuable, but they are incredibly rare.

Colour

The color of the diamond can also influence the price. The color of a diamond is rated on a scale from D to Z, where:

  • D, E, F: Colorless
  • G, H, I, J: Almost colorless
  • K, L, M: Color subdued
  • N, O, P, Q, R: Very light color
  • S, T, U, V, W, X, Y, Z: Light color

The lower the diamond falls on the color scale, the lower its value.

A diamond with a color grade ‘G’ would typically have less value than a diamond with an ‘E’ grade, for example.

This is because colorless diamonds are much rarer than diamonds with a yellow or brown tint, making them much more valuable as well.

Shape

Another factor that affects the cost of a diamond is its shape. Although the prices according to the forms may vary, there is consensus that the round shape is the most expensive.

Why does the shape of the diamond affect its price? Diamond cutters lose some of the original stone when cutting diamonds, and the amount that is wasted varies by shape.

Much of the original diamond is wasted when a round diamond is cut, for example, which is why this shape typically has a higher price per carat. Less is wasted when cutting other diamond shapes, making them more affordable.

Carats

A carat is a unit of measurement used to express the weight of a diamond. One carat is equal to 0.20 grams or 0.007 ounces.

The increase in the cost of the diamond is not always proportional to the increase in its size. A two-carat diamond will not necessarily cost twice as much as a one-carat diamond, for example.

This is because carat is one of the many qualities that affect the price of diamond, so other factors must be considered when calculating the value of the diamond.

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