Diamond Ring Cost Calculator
Here’s a comprehensive table summarizing all you need to know about diamond ring costs:
| Aspect | Details |
|---|---|
| Average Cost | $5,000 to $7,500+ in the US1 |
| Median Cost | About $1,900 in the US1 |
| UK Average Cost | £1,865 to £2,1007 |
| Traditional Rule | 1 to 3 months’ salary7 |
| Price Range by Carat | 0.50ct: $495 – $2,500 1.00ct: $2,000 – $14,000 2.00ct: $8,400 – $58,000 3.00ct: $21,600 – $153,0002 |
| Key Pricing Factors | Cut, Color, Clarity, Carat Weight (4Cs)23 |
| Metal Choice Impact | Platinum (most expensive), Gold (various prices)3 |
| Setting Cost | Solitaire: £850 Diamond Band: £1,350 Halo: £1,650 Trilogy: £1,3754 |
| Other Influencing Factors | Shape, Certification, Market Demand, Rarity5 |
| Lab-Grown vs Natural | Lab-grown diamonds typically cost 50-70% less6 |
| Price Variations | Can vary by 10x for same carat weight due to quality differences2 |
| Generational Trends | Millennials spend an average of $3,0001 |
| Geographic Variations | Higher prices in expensive cities (e.g., NYC, LA)1 |
This table provides a comprehensive overview of diamond ring costs, including average prices, factors influencing cost, and variations based on different aspects such as carat weight, diamond quality, and geographic location. Remember that these are general guidelines, and actual prices can vary significantly based on individual preferences and market conditions.