When you decide to choose a 2-carat diamond ring, no doubt it’s a big moment for you. It’s a significant investment, and you need to get it right. By looking at it in the flesh, you will understand why the price of a 2-carat diamond ring may cost you an arm and a leg. It merely makes a bold statement with its dazzling weight, creating a lovely ring for an engagement ring.
Why do diamond prices differ significantly?
What determines the price of diamonds are many factors that we shall look at to understand better how the final pricing is achieved. The most common ones are the quality factors of the four Cs- Cut, Carat, Color, and Clarity. And one crucial is the rarity, which is the main one that determines the price of a 2-carat diamond ring.
Naturally, diamond production is smaller than the larger ones, and that’s nature. As such, you find diamonds getting exponentially expensive as you go for bigger sizes.
Calculating a diamond’s price per carat
So, we’ve seen the rarity of a diamond contributes to the price of the diamond. But the carat’s weight is the primary determinant of the diamond’s price. If the weight increases, so will the price. We can’t say it’s a linear relationship because the price per carat increases and has a compounding impact on the total diamond price. For example, a 1.00 ct round diamond with an ideal cut might go for $ 7900 per carat, and when we multiply by 1.00 should amount to $ 7900.
On the other hand, the same quality of a 2.00ct diamond may cost $ 13000 per carat as the total price of a 2-carat diamond ring comes to $26000. Although one would expect this price to double one carat, it becomes more than three times the price due to its rarity.
As if that’s not complicated enough, the price per carat shoots at ‘magic marks’ below .50ct, 75ct, 1.00ct, and more.
As it’s good to know the current market prices for diamonds, we shall look at how various diamond carats go for on average based on GIA certified diamonds starting from D-K, SI2-FL Good-Ideal.
1-carat diamond
By now, we know that various factors influence the price of a diamond. PriceScope takes a select group of vetted diamond vendors that puts their diamond prices on the system. They have been tracking the diamond pricing since 2007. Although it would be hard to give an accurate diamond price of one carat, we’ll try to provide actual data and average prices. The price range can be $ 2000-$20000. But you can take a slap-bang and go for H-VS1, which may average at $ 6597.
2-carat diamond
The average price of a 2-carat diamond ring will be between $9,800-$64,500. What just happened with the significant price difference? Well, the carats increased from one to two, which affects the price significantly. Beautiful G-VS2 2-carat princess cut diamond strikes a balance of beauty and budget.
And if we continue going through that road, the 3-carat diamond may shoot to $ 20000-$ 100000, while a 4-carat diamond will go from $ 36000 to $ 163000, but if you pay attention to the 4Cs, you can get a sweet spot of beauty and budget.
Diamond price calculation
To achieve the price for a 2-carat diamond or other diamond, this is how it’s calculated.
Diamond Cost= Diamond price per carat x carat weight
A Rappaport List is a pricing guide used for diamond pricing since the 70s. It’s a chart published weekly showing the asking prices for polished diamonds in the trade. They are broken by size, clarity, and color. Before, this information was accessible by members only, but today anyone can access it upon payment of $ 50. Prices per carats listed are in increments of $100.
Why is a grading report necessary?
A grading report helps to verify the diamond pricing. It gives the precise attributes of your diamond, letting you know exactly what you are paying for. Some people get a misconception that AGSL and GIA diamonds are ‘more expensive,’ which is not valid. Vendors can take any diamond to these labs for grading. It’s the level of analysis that gives the difference between the top-tier and lower-tier labs.
Tips on buying diamond
If you want to get an adequate price for a 2-carat diamond ring, you must thoroughly search and compare several vendors. This particular piece is rare, which might take you time before you find a genuine 2-carat diamond ring.
1. Quality– The 4C’s have a significant impact on diamond prices. That’s why understanding what you are looking for is crucial, and it’s the first step to buying your ideal diamond successfully.
2. Certification – Even after learning the 4C’s, which is superb, they may have little bearing if they don’t have a top-tier certificate to back them up! The most preferred diamond reports are from GIA or AGSL, for they are accurate and reliable.
In conclusion, choosing a diamond ring is usually a balance of beauty and budget. And that means you can get a fair price of a 2-carat diamond ring after learning the 4Cs and becoming an astute diamond shopper.
