Why are one-carat diamonds some of the most popular stones to be set within an engagement ring? Could it be due to the fact that a single carat is easily associated with a round number? Might it be the size of the diamond? Or, does this appeal revolve more around affordability?
In truth, it is likely that all of these metrics play a role. We still need to remember that cost is one of the most important factors when choosing an appropriate diamond.
What is the average price of a one-carat diamond? Are there any other issues which might affect the price that you can expect to pay? If you are hoping to make an informed decision while remaining within your financial comfort zone, both of these questions deserve a closer look.
What is the Average Price of a One-Carat Diamond?
This question is slightly trickier to answer than it may appear. First and foremost, the term “carat” refers to the weight of the stone as opposed to its size. One carat equates to 200 milligrams. However, the final cost depends upon factors other than size. These include:
- The color
- The cut
- The clarity
So, a one-carat diamond that is rated as flawless or nearly flawless will be valued at a higher price due to its rarity. Hues such as blue, yellow and pink also tend to be prized over clear stones. Finally, certain cuts (such as cushion cuts) are more difficult to design; increasing the price of the diamond. Additional information in regards to the relationship between carats and cuts can be found at https://www.pricescope.com/education/diamond-carat.
What is the average price of a one-carat diamond? At the time that this article was written, most experts feel that such a stone can cost anywhere between $1,800 dollars and $12,000 dollars.
Are There Other Issues to Take Into Account?
What if you cannot afford to spend more than a few thousand dollars on a one-carat diamond and you still wish to purchase a stunning stone? There are several strategies to consider. First, you might wish to purchase a stone that is slightly more included.
In this situation, a stone larger than one carat may be offered at the same price as a one-carat stone that has fewer inclusions.
Another useful trick is to avoid the busier times of the year when searching for a diamond.
Much like any other commodity, prices are often determined by supply and demand. Late winter and early spring are two common examples, as these are the times when customers are more likely to search for diamond engagement rings (most weddings occur during the summer months).
We can now see that there are many variables to interpret when determining the price of a one-carat diamond. Thankfully, trustworthy online retailers are now able to provide officially certified diamonds at competitive prices.
It could therefore be wise to examine several respectable portals in order to appreciate the potential options and how these can accommodate your budget.