As a leading independent engagement ring manufacturing jeweller, we frequently get asked a number of questions, the most common being an what a diamond actually costs.
Whilst this seems like a simple question, the answer is far from simple. In fact, there is no answer to the question. Instead, the answer is in fact more questions. What size diamond are you looking at? What shape are you looking for? What kind of gemstone quality do you have in mind?
Asking what the price of a diamond is is a bit like asking how long a piece of string is. It all depends on where you cut it. Literally.
Diamond prices vary wildly according to the 4C’s (cut, colour, clarity and carat), but factors such as diamond fluorescence, market supply and demand and global economics all play a role in the final price. It’s also worth considering that there are currently many alternative types of diamonds available at the moment, including salt & pepper diamonds, black diamonds, cognac diamonds and laboratory-grown diamonds. These alternative diamonds are all cheaper than “traditional” white diamonds.