Diamond prices can vary hugely depending on a diamond’s shape, cut quality, clarity and color. Par exemple, the cost of a one carat diamond can range from just $1,500 to more than $16,000 for an extremely well cut, high quality diamond, while a two carat diamond could cost as little as $6,000 or as much as $80,000 based on its shape, cut, clarity and color grades.
As you can see, this is a huge range, with some diamonds costing as much as 10 times higher than other diamonds of the same carat weight.
Diamond prices depend on such a wide range of factors that’s very difficult to give an accurate price estimate for “diamonds” as a whole. The biggest of these are the four Cs, which we briefly mentioned earlier — cut quality, clarity, color and carat weight.
The better a diamond’s four Cs (ou, in the case of carat weight, the higher) the more expensive it will be. In short, the better a diamond’s quality, the more you’ll need to pay to purchase it.
Maintenant, this doesn’t mean that you can’t get a good quality diamond without paying a fortune. With diamonds, the key is to maximize the amount you spend on the factors that affect the diamond’s appearance, all while minimizing the amount you spend on the factors that don’t.
We’ve covered this in more detail further down the page. For now, let’s start by looking at how a diamond’s price is calculated based on its carat weight, color, clarity and other factors.