As you’ve probably noticed, the price ranges we’ve listed above for different diamond shapes and carat weights are very large. Masalan, a 2 carat round brilliant cut diamond can cost upwards of $50,000, or as little as $7,400.
Saving money when buying a diamond is all about finding the intersection where a diamond’s quality and its value for money intersect.
There are several steps involved in doing this. The first is recognizing that diamonds are often priced based on their “category” rather than an objective measure of their appearance or actual quality.
The second is to understand how the diamond cutting process affects the price at which a loose diamond can be sold.
The third is to learn how a diamond’s color and clarity grades affect its price, as well as how the right choice of color and clarity grade can help you buy a beautiful diamond at the right price.
We’ve covered all three of these steps below, along with examples of how each factor affects a diamond’s price, as well as how you can use it to your advantage as a buyer.