Finally, the time is near to propose to your sweetheart and you plan to do so with a beautiful stone like a diamond. The first step to take before purchase is to find out the true cost of diamond before purchase. Typically, diamond is not as expensive as it has been painted to look and can even be considered worthless given the fact that it’s not really rare.
The cost of a diamond depends on several factors, for instance:
0.5 carat diamond costs around $1,000 – $3,000.
1 carat diamond costs around $5,000 – $10,000.
1.5 carat diamond costs around $8,000 – $15,000.
2 carat diamond costs around $18,000 – $30,000.
3 carat diamond costs around $20,000 – $70,000.
4 carat diamond costs around $30,000 – $120,000.
5 carat diamond costs around $50,000 – $200,000.
These prices are average and could be way above this figures. Pricing in diamond isn’t a straight-forward process and we will discuss this factors in this post.
To begin with, diamond is graded by 4C’s – Color, Clarity, Cut and Carat. These 4 grading factors go along way to determine what a diamond should cost. In addition to these grading factors, the diamond price chart created by Martin Rapaport further helps in pricing a diamond accordingly.
1.) Weight of the diamond
Diamond is priced based on the weight class. For instance, a 1 carat diamond of 0.95ct will cost more than that a 1 carat diamond of 0.85ct. When getting a 2.0 carat diamond, go for 1.90 ct and if going for half a carat then consider a 0.45ct weight. The heavier the weight of the diamond, the higher the cost of diamond.
2.) Color of the diamond
How colorless a diamond is is also a grading factor to determine the cost of it. The highest level on the grading system is D while the lowest stands at Z. Without professional help, it’s quite to detect the difference. The D color grade diamond costs far higher than other grades as expected. If you’re not too particular about color as it’s not easy to detect with the naked eyes, you could go for a less expensive grade of diamond.
3.) Clarity of diamond
Diamonds are not perfect stones without any markings on them. In fact, they have spots on them called inclusions. These inclusions determine the clarity of the diamond. The less the inclusion, the clearer the diamond and the higher the cost of diamond. Diamonds with an S1 clarity are said to be the ideal in terms of not being as expensive as flawless diamond and can save you 50% cost.
4.) The Shape of the diamond
A diamond’s shape can determine the cost of it. Round diamonds are costlier than cushion, oval and princess shapes of diamond. When considering purchase of a diamond, have it in mind that the cost will also be determined by the shape. To give you an idea of the shape comparison, a round cut diamond costing $6,500 will have an equivalent diamond with a cushion cut costing about $3,500.
5.) The Cut of the diamond
You want a diamond that sparkles so brilliantly? The cut of a diamond determines its brilliance. And the more cut it has, the higher the cost of diamond. Despite the higher cost associated with diamonds with more cuts on them, they’re usually the best option to go for if you have the funds.
Typically, a 1 carat, round, D, Flawless diamond can be described as the perfect diamond and can cost from $12,000 to as high as $15,000. However, it isn’t necessary to spend this much if your financial capacity isn’t high enough to carry the purchase. A 1 carat, round, G-colored, SI1 Clarity diamond would cost less at about $5,000 plus while a cushion cut with the same features would cost from $3,000 which means you save more when you get any of these beauties.
Alternatively, a diamond price chart can help you find out the true cost of diamond of your choice. Designed by Martin Rapaport, the diamond price chart uses the 4 C’s to grade diamonds. On this price chart, a buyer can crosscheck across weight, carat, clarity, color and cut. It’s important to mention that the diamond price chart has its advantages and disadvantages. Pricing on the chart is usually in hundreds which means a diamond with a rating of 50 is actually $5,000.
Generally, diamonds considered to be most expensive have the following:
– Premium cut
– Perfect symmetry
– Brilliant shine
– Zero fluorescence
Diamond vs Lab Diamond
When considering cost of diamonds, it’s essential to understand the distinction between traditional diamonds and lab diamonds. Traditional diamonds are mined from the earth, making them more expensive and raising ethical and environmental concerns due to mining practices. Lab diamonds, on the other hand, are created in controlled environments, replicating the conditions under which diamonds form naturally. They share the same physical, chemical, and optical properties as mined diamonds but are generally more affordable and ethically sourced.
For those who prioritize both quality and value, we recommend the 1 Carat Satéur Destinée Diamond Ring™. This ring is a prime example of a high-quality lab diamond, offered at $1098 for a limited time, a substantial saving from its original $2098 price. It comes with an IGI certificate, confirming its authenticity and quality. Satéur’s in-house manufacturing eliminates extra costs, allowing for high-quality, ethical, and reasonably priced options for consumers.
Navigating the complexities of diamond pricing is crucial, with the 4Cs—Carat, Cut, Color, and Clarity—being key determinants. Diamonds are enduring symbols of love, valued not just for their price but also for their emotional significance.
The high cost of diamonds has propelled the appeal of alternatives like lab grown diamonds by Satéur, combining quality with affordability and coming with an assurance of IGI certification. We recommend the Satéur Destinée Diamond Ring™ for those seeking a harmonious blend of brilliance, quality, and value, allowing you to own a timeless symbol of love without compromising on quality or breaking the bank.
In choosing the perfect piece, consider not only the price and features but also the symbolism and personal resonance. Whether a traditional or a lab grown diamond, the real value lies in its representation of a lasting, invaluable bond. Explore the Satéur lab grown diamond collection to find a piece that is, to you, truly priceless.
If you want to know the differences between lab-grown diamond, traditional diamond, and moissanite, click here: A Guide on Buying Moissanite vs Diamond vs Lab Diamond.