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Everyone wants to make their engagement as special as possible, which is why diamonds are the most common stones used for engagement rings. But the diamond is a rare stone; therefore, diamond rings can be quite expensive. It’s important to know the cost before you buy a diamond engagement ring for your partner.
Whether you are buying a diamond ring for women or men, typically, a diamond ring can cost anything from 500 pounds to up to 10,000 pounds. If you get an extremely rare diamond, it may cost even more.
Diamond ring prices are determined by several factors, some of which are listed here.
- Metal
Diamond rings are usually made with gold, silver, or platinum. The price will highly depend on the type and amount of metal used for the ring. Platinum is the most expensive metal out of the three, but it is also very durable.
Gold is the most popular metal used for making diamond rings. It is less expensive than platinum but still quite durable.
Silver is the least expensive metal, but it is generally less popular for diamond rings because silver can easily tarnish. Many people like to get a platinum-plated silver ring instead.
- Design
The design of the ring is the most important factor for determining the price. There are a few popular styles of diamond rings, such as solitaire, halo, and trilogy.
The trilogy design features one large diamond with one smaller diamond on each side of the bigger diamond. A solitaire ring features a single diamond in the middle of the ring. A halo ring features a large diamond surrounded by several smaller diamonds.
The design will determine how many diamonds are used and how much metal is required. Moreover, if the Diamond Ring Design is complicated, the craftsmanship fee is also higher.
- Size of the diamond
When you are trying to choose a diamond ring, you must first decide how big you want the diamond to be. Bigger diamonds are usually more expensive. The center diamond usually ranges from ½ carat to 5 carats. The price of a 1-carat diamond can be anywhere between 1500 pounds to 10,000 pounds.
The cut of the diamond can also decide how expensive it is. For example, a round diamond is usually more expensive than a marquise diamond.
- Clarity
The other thing affecting the price of a diamond is its clarity. A diamond’s clarity is determined by how much light can pass through it. If a diamond is completely transparent, it is considered to have high clarity, whereas if it appears cloudy, then the diamond is considered to have low clarity.
Low clarity diamonds are much cheaper than high clarity diamonds. If you want a diamond within a lower budget, you can get a diamond with less clarity.
It is also important to mention that diamonds are available in different colours, but they are much rarer, thus more expensive.
- Side stones
If you choose a diamond ring with multiple diamonds, you will have to decide how big and how many diamonds you can afford. If you choose a halo design, there are at least 10 to 12 more diamonds on the side of the bigger diamond, whereas if you buy a trilogy design, there are only two smaller diamonds.
If you choose a diamond wedding ring, the whole band will be covered in diamonds. There could be anywhere from 10 to 30 diamonds on such rings. The price will vary highly on the number of side stones and their quality.
You can also get a diamond ring with fake crystals instead of real diamonds as the side stones to save cost.
To conclude
Diamond is the strongest stone on earth, so it is extremely durable, and you can be sure that a diamond ring will last you a lifetime. In fact, many people pass down diamonds to their children as a family heirloom. They are also quite rare, which makes them so expensive.
Diamond rings are not just popular for engagements, but in recent years, diamond wedding rings have become quite popular as well. Always check the price of the diamond, metal, and other factors before you buy a diamond ring to ensure that you can afford it.
Whether you want a diamond engagement ring for your partner or looking for diamond wedding rings, you can find it all at JCO London. Visit the website today to know more.
This blog discusses the average cost of a diamond engagement ring and the factors that determine diamond ring price. We start the blog by prefacing that diamonds are a rare type of stone; thus, they are extremely expensive. Then we briefly discuss the average price a customer can expect to pay for a diamond ring.
Finally, in the blog’s conclusion, we revisit why diamonds are expensive and end the blog by encouraging the customer to choose a diamond ring wisely.
