Consumer Saturday; DIAMOND PRICES: 2 PRICES (Published 1981) (2024)

FAQs

How much should I expect to pay for a 2 carat diamond? ›

On average, you can expect the cost of a 2 carat diamond to widely vary depending on its shape, cut quality, clarity, color, and whether it's a naturally mined or lab diamond. The varying cost can range from $5,000 to $50,000 or more.

The worth of old diamonds compared to new or lab-grown diamonds depends on various factors, including rarity, quality, and ethical considerations. Old diamonds can be exceptionally rare and unique, making them valuable to collectors and enthusiasts.

Experts in the diamond industry agree that speculators caused the price of investment stones to rise dramatically when diamonds became a fad like stamps, coins or paintings as a hedge against inflation. From 1979 to 1980, a one-carat D-flawless stone rose in price from $10,000 to $65,000.

The higher cut, colour, clarity and carat weight, the rarer the stones and therefore the greater the value of diamonds. Diamond prices increase exponentially with weight; intervals like the 1ct or 1.50ct or 2ct mark can see large jumps in diamond price points.

That may sound small, but in diamond terms, 0.4 grams is fairly large. 2-carat diamonds are flashy and valuable.

A 2-carat diamond is considered large compared to the average size of diamonds used for engagement rings. The average diamond size for engagement rings is around 1.0 to 1.5 carats. Therefore, a 2-carat diamond stands out significantly and offers a more pronounced appearance on the finger.

Diamond prices increases about 14% each year since 1960! Past performance does not guarantee the performance of the future.

As modern jewellery generally use modern machine-cut stones, old mine cut and old European cut diamonds are more rare, and therefore may be more valuable to those who enjoy antiquity with their jewellery.

The average price of a 1 carat diamond is currently $4,267 (see price chart below). 1 carat diamonds can cost anywhere from $1,363 - $10,075 depending on the diamond's shape, color, clarity, and other factors. To see specific details on diamond pricing by shape see our 1 carat diamond prices table below.

The thermal conductivity test is a quick way to tell if a diamond is real. A thermal conductivity test measures the heat conductivity of a diamond and can quickly determine whether it's genuine. One method involves placing two or three drops of water on your diamond. If it sinks into the stone, it's likely not real.

What is the best way to sell a diamond ring? ›

At a local jewelry store, you can speak directly to those who will be purchasing your jewelry. If the jeweler has appraisal credentials, you can be more confident in getting a fair price. Other options may include: Pawn shops, which will buy gold and jewelry to resell.

Prices also shoot up at certain carat sizes which are known in the jewellery trade as 'magic points'. These are usually carat values like 0.5ct, 1ct, 1.5ct, etc. One budget friendly tip is to 'buy shy'. In other words, look for a diamond with a carat value just under the magic point.

While prices vary depending on where you purchase your 2 carat diamond, a 2 carat diamond could be worth four times more than a 1 carat diamond. This can make it a good investment, whether you want to keep it forever or trade it in for a larger or different diamond in the future.

That being said, and as big and bold as it may be, a 2-carat diamond ring shouldn't feel too large or bulky on your finger, especially if you opt for a diamond cut that is a bit shallower and is placed in a setting that doesn't protrude too high off the band itself.

For engagement rings, an ideal weight for a diamond is generally considered to be between 0.30 and 1 carat. This size is popular because it's big enough to grab attention, but not too big to be ostentatious or expensive. However, the ideal weight will also depend on personal preferences and budget.