People get sticker shock daily, especially when they’re shopping for diamonds.
Some people who haven’t looked at the price of diamonds for over 20 years and are in for a nice, little surprise.
It’s a fact…
Diamonds are not cheap!
The way diamonds are priced makes it even harder for some people to grasp…
So how does carat weight affect price?
Let’s find out…
A .25 carat (1/4) diamond, VS1 clarity, E color (my favorite clarity and color). A going rate for this particular diamond (as of this writing) is $570.00
That’s actually a pretty great deal (these prices were obtained through James Allen)
So, logically that would mean that double the carat weight, would be double the price?
It makes sense. But, NOOOO!
That would be wrong.
A .50 carat diamond, VS1, E is going for $1,730.00 Over triple the price.
Why is this?
The bigger the stone…
The more rare it becomes. Especially when we’re dealing with a great clarity like VS1 and a great color like E.
The more rare in nature a diamond gets, the more money it will cost.
The next step up is no better…
A .75 carat (3/4), VS1, E, is priced at $3,800.00 So that wasn’t too bad a leap. Just a little bit more than double.
But what about a 1 carat?
A one carat diamond, VS1 clarity, E color is selling for $8,300.00
That’s a nice chunk of change isn’t it?
Far cry from the $1700 1/2 carat.
So a one carat of the exact same color and clarity of a half carat is actually about 5 times the price.
Can you believe it?
Rare in nature:
Anything one carat or larger is very rare in nature. That’s why prices start to escalate. Also keep in mind, we’re talking about one of the best clarities and best colors available on the market today. These qualities force the prices to the top.
Sticker shock yet?
Let’s keep on moving…
1.50 carats, VS1 clarity E color makes the cash registers ring at $16,200.00 (what I paid for my first car …but then again, my car did die 20 years ago, HA! And this diamond would still be around looking brand new. So it’s all relative… You have to put “lifetime” into perspective).
Are you curious to see what even bigger carat weights bring?
A 2.00 carat diamond, VS1, E is going for $30,000.00. I’m sure I heard a few of you GASP at that price.
That’s some major dough.
How about a diamond the size of your thumbnail?
A five carat diamond of similar quality (better be sitting for this one) would cost you…
Pocket change, right?
So you see, going from a .50 carat all the way up to a 5.00 carat (ten times the size) doesn’t give you just ten times the price, it’s actually around a 136 times increase.
What do you want?
This house or that diamond?
Love is grand, is it not?
That 1.00 carat diamond for 8 G’s doesn’t sound too bad, now does it?
Anything 1.00 carat or higher is going to demand a premium price.
These stones are very rare and very valuable.
Most women would die for a 1.00 carat… Well, not really die, but some would faint. :)
Bigger is better…
But only if you’ve got the bucks to back it.
Otherwise, that 1/2 carat is looking pretty darn sweet.
Top Recommended Vendors:
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Author Richard Scott. Certified Diamontologist\Gemologist. 30 years of experience.
Let Richard help you choose the best diamond, the most dazzling engagement ring, and save as much money as possible. Read more about the author here. Check out his Amazon books here. Follow Richard on social media; Twitter, Facebook, Pinterest. Contact Richard here.
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