Diamonds are the most preferred precious stones which are used in jewelry because they sparkle in the light. Like most gemstones, the larger the size of the diamond, it will be more noticeable and it will also sparkle. Hence many people who wish to purchase a large diamond for their engagement, wedding, or for jewelry, are interested in buying a ring with a 5-carat diamond. They would like to find out how much is 5-carat diamond ring so that they can plan their finances accordingly or arrange for funds. The actual cost of a 5-carat diamond ring depends on a large number of factors which are discussed in detail below. In addition to the type, and quality of diamond which is used, the cost of the diamond ring will also depend on the setting for the diamond
Diamond type
One of the main factors affecting the price of a 5-carat diamond ring is the type of diamond whether it is a natural diamond or a lab-grown diamond. The cost of a natural diamond is significantly higher than a lab-grown diamond. While other factors like the clarity, color, and cut of the diamond affect its price, the main factor for those who wish to purchase an affordable diamond ring will be whether the diamond is naturally formed or grown in a lab. Typically the cost of mining is far higher than making a diamond in the lab and it is also difficult to find larger diamonds like five-carat diamonds. So the price of a natural 5-carat diamond is at least $40000 with better quality diamonds costing $1,80,000 or more. Wealthy people who are purchasing the 5-carat diamonds as an investment will often prefer to purchase natural diamonds though they are expensive since they have a better resale value at later date.
Ring buyers who want a large diamond for their ring to impress the recipient or other people will often purchase a 5-carat lab-grown diamond since it is more affordably priced. Like natural diamonds, lab-grown diamonds also vary in price-based factors like the cut, clarity, and color of diamonds, however, the cost of making these diamonds is lower. Typically the cheapest 5-carat lab-created diamond will cost approximately $10000 with the cost of the diamond increasing for better clarity, cut, and color. Though the resale value of lab-grown diamonds is lower, they are preferred by ring buyers who want a large diamond to show off.
Clarity
Another major factor affecting the cost of a diamond is the clarity of the diamond. Usually, most diamonds have some impurities or inclusions which may or may not be easily noticeable, which affect the sparkle and value of the diamond. It is very difficult to find a diamond that is flawless so these diamonds are extremely expensive, especially the diamonds which are larger like 5-carat diamonds. Other categories for diamond clarity are internally flawless (IF), very very slight- inclusions (VVS1-VVS2), Very Slight inclusions (VS1-VS2), Slight inclusions (SI1 – SI2), and Inclusions (I1-I2). Since it is easier to find or produce diamonds with slight inclusions they are more affordably priced.
Cut
The sparkle of a diamond depends on the cut of the diamond, and the better the cut of the diamond, the costlier it will be. Diamonds are available in various shapes like round, cushion, oval, princess, emerald, radiant, Asscher, pear, marquis, and heart. Usually, cushion-shaped diamonds are cheaper than the other shapes of diamonds since it is easier to produce these diamonds from rough diamonds. Other shapes like round, pear, heart, and marquis are comparatively more difficult to produce, so the cost of these diamonds is more.
Color
The color of a diamond varies depending on the impurities or deformities, and the rarer the diamond color the higher the cost of the diamond. The cheapest diamonds if all other factors are the same have a faint or no color. Almost all the mined diamonds have a faint brown tint, while other diamonds have a yellowish tint and are affordably priced. In contrast, it is far more difficult to find diamonds with a blue, pink or red tint, so these diamonds are often extremely expensive. The price of these colored diamonds also increases with diamond size.
Setting
After finding a suitable 5-carat diamond based on personal preferences and budget, the buyer should then choose a suitable ring for setting the diamond. Usually, for large 5-carat diamonds, solitaire rings are preferred though in some cases, three-stone settings may also be used. Other popular ring designs are halo, pave with side stones, and Hidden halo. The rings are available in different materials like white, yellow, and rose gold or platinum. The buyer can choose from 14 K gold or 18K gold depending on his budget, with 14K gold rings cheaper. The price of the setting will also vary depending on the shape of the diamond. Usually, the cheapest solitaire rings with simple designs without any diamonds are made from 14K gold and will cost approximately $340. If there are additional diamonds or other precious stones on the ring, the cost of the ring will further increase. Heavier rings or rings with intricate designs will have more precious metals, so they will cost more.
Getting the best deal
Individuals who wish to purchase a 5-carat diamond ring for themselves, for their engagement, wedding, or gifting someone else, can get the best deal at Rare Carat, which is widely considered the largest ring marketplace in America. The ring buyer can choose from a wide variety of both natural as well as lab-grown diamonds which are available from more than 150 wholesalers. The diamond buyer can search for 5-carat diamonds available based on various criteria like shape, clarity, cut, and price to match his budget. Buyers who are interested in affordable diamonds can purchase lab-grown diamonds which cost one-fourth of the price of naturally mined diamonds. Care Carat Review is one of the best options to find out more about diamond deals.
After choosing the 5-carat Rare carat diamond, the buyer can then also conveniently select a ring for setting the diamond at Rare carat, choosing from various materials like white, rose, yellow gold, platinum, and different designs. All the diamond rings are inspected before being shipped to the customer.