What is the average five carat diamond ring price?
Natural five carat diamonds generally range from $30,000/£23,4000 to even exceeding $100,000/£77,800, reflecting their rarity and the millions of years it takes for them to form naturally. In contrast, if you opt for a lab grown diamond, you can expect to pay about 30-50% less, with prices ranging from £15,000 – £30,000 / $13,000 – $35,000 and above, depending on quality characteristics. These diamonds are just as beautiful and look identical to their natural counterparts, but their lab created origins make them more affordable. For further context on how the value of natural vs lab grown diamonds differs, you can read more here.
The price of a five carat diamond ring can vary significantly based on the combination of the diamond’s quality and the setting you choose. When it comes to buying a five carat diamond, the cost can really vary depending on factors like the cut, colour and clarity. Here’s a breakdown of what you might expect for different cuts if you’re looking at stones with a G-H colour grade and VS1 or VS2 clarity:
