![]() ![]() What is the average 1 carat diamond price? PriceScope Pointer: Did you know that fewer than 20% of round diamonds with the GIA Excellent grade pass our patented Holloway Cut Advisor test for proper spread and brightness? Check out those Diamond Ratings statistics and use our Diamond Search to filter results according to HCA scores. Differences in cut quality, within the same grade, can create price differences of up to 25% between diamonds which seem to have identical Cs in an online search. Clarity characteristics within the same clarity grade have different implications. For example, color occurs on a sliding scale. We classify them according to the 4Cs but there are variables within each of those Cs which create price differences. Remember that diamonds are like snowflakes. They are not, and that will typically be reflected in the price. A casual shopper wonders “how much is a 1 carat diamond ring?” goes to our search engine, sees a half-dozen 1.00 carat G color VS2 clarity excellent cuts and presumes they are identical. The cost basis for any diamond depends on its origin (natural versus lab grown) its shape, and its combination of the 4Cs.ĤCs alert: Shopping online can make one falsely believe that the 4Cs are commoditized. That said, our founder’s own engagement ring purchase was actually a VVS2 diamond that was wildly underpriced and this does happen due to certain supply and demand imbalances.Ask our PriceScope members and industry experts for a second opinion or get lost in the thousands of user-shared diamond and jewelry images for inspiration. Any higher and you’re typically overpaying for quality that you’ll never be able to see with the naked eye. Generally we advise color grades G - J and clarity grades VS2 or VS1. Our best advice is to have a conversation with your loved one to try to figure out what carat weight of diamond they’re expecting and what aspects of the diamond matter most: the color, clarity, or carat weight (we’d say cut but this always matters for round diamonds).īased on your loved ones feedback and your current financial situation you should play around with the diamond price calculator to find a color and clarity grade that work best for you. At StoneAlgo, we’ve seen people spend anything from a few hundred dollars to hundreds of thousands of dollars on diamond engagement rings. There is no right answer to how much you should spend on an engagement ring but the average engagement ring costs approximately $5,900 according to a 2019 study conducted by The Knot. We hope to do the same for your diamond purchase or sale.Ĭomparing Diamonds of Different Color & Clarity Grades This same issue was a pain point in the real estate market as well until companies like Zillow, Trulia, and RedFin built databases of information to help home buyers find better deals on real estate. RapNet & the Rapaport Price List created information asymmetry where the average person has had far less information than the typical jeweler, and hence led us to create StoneAlgo so we could level the playing field. The prices are intentionally high so jewelers can show consumers and act as if they’re providing the consumer with a great deal. A RapNet account grants users access to a live diamond data feed as well as a weekly price list (the Rapaport Price List) that gives generic, high valuations for diamond prices which jewelers then manipulate to sell diamonds. Industry insiders like dealers and jewelers have access to a tool called RapNet that supplies them with pricing and inventory information. ![]()
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