How much is a 1 carat diamond?
Posted on July 26 2013
How much does a 1 carat diamond cost? This is a question I seem to get a lot from customers. A 1 carat diamond can vary in price from somewhere around $1500 on up to over $10,000. Sometimes when I speak to customers, I get the feeling that they seem to think that there is set price range for a 1.00ct diamond. This is not the case at all. Diamond prices vary on many factors and I will go into great detail explaining this to my clients. I tell them that to me, it would be like me walking into a car dealership and asking what a 2013 car sells for. Well, do you want a low end car or a high end car? Do you want all the bells and whistles or do you not have the budget for a super high end car? Diamond prices will vary depending on cut, color, clarity and certification.
As a gemologist, I have the knowledge and skills to guide customers through this process. My primary goal is to educate my customer about loose diamonds and how the 4 C’s relate to the price, value, and quality of that diamond. I’m sure it can seem overwhelming at times but seeking the advice from an expert should really help with any anxiety you may have about making such a large purchase.
When I have a client looking for a 1 carat diamond, they want to know why there is such a range in the price. I explain that the 4 C’s are the main reason why there is such a range. A 1.00ct round D color, IF (internally flawless) diamond will be much higher priced than a 1.00ct J color, SI2 clarity diamond. Not all 1 carat diamonds will be priced similarly so it is important to know what you are seeking in a diamond. Depending on my client’s budget, my ‘go to’ is typically F-H color and VS2-SI1 clarity. I find that here is a great balance of both color and clarity but of course this is just my opinion and budget will be the deciding factor.
With such a range in price for 1.00 carat diamonds, it is important to do your own research and to know what you are looking for. It is also very important to seek the advice and guidance of a gemologist who knows the ins and outs of this trade and can help you get the nicest diamond for your budget.