Last updated: January 2024
When it comes to durability, brilliance and sentimentality, nothing comes close to diamonds in terms of their value.
Because they are composed of nearly one hundred percent carbon atoms and have such a high resistance to abrasion, also the only mineral that is capable of scratching the surface of a diamond is another diamond.
Diamonds can be found in a wide range of colors and can have varying degrees of clarity. As a result, women place a significant amount of significance on diamonds in their lives.
It gives them a sense of being loved and valued by you, as well as a sense of being unique and distinct. Giving a gorgeous piece of jewelry, such as a diamond ring, as a token of your everlasting love should do the trick.
Diamonds are very pricey due to the fact that there is a limited availability of premium quality gems, there is high demand for them all over the world, and there are only so many fine quality gems available.
Diamonds can be purchased at a variety of price points across the globe. As a result, we will be talking about the cost of diamonds in Singapore in this article.
How much is the Average Cost of Diamonds in Singapore?
Average cost of diamonds in Singapore - Cheap Diamond Singapore
In Singapore, the price of a diamond ring can range anywhere from $700.00 to $100,000.00, with the most popular ring being a diamond weighing between 0.5 and 1.0 carats, which is priced more affordably at $1,200 to $2,000.
As a rule, the price of the diamond will go up in proportion to the carat, which is equivalent to the weight of the diamond.
For instance, the price of a ring with 1 carat of diamonds will be 67.87 % higher than the price of a ring with 0.5 carats of diamonds.
A ring with a carat weight of 5 can be more than 17 times more expensive than a ring with a carat weight of 2, depending on the market.
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How much does 1 carat diamond cost in Singapore?
| Carat | Average Price Engagement Ring |
|---|---|
| 0.1 Carat | From $770 |
| 0.2 Carat | From $900 |
| 0.3 Carat | From $1,000 |
| 0.4 Carat | From $1,100 |
| 0.5 Carat | From $1,200 |
| 0.6 Carat | From $1,250 |
| 0.7 Carat | From $1,400 |
| 0.8 Carat | From $1,650 |
| 0.9 Carat | From $1,800 |
| 1 Carat | From $2,000 |
| 1.5 Carats | From $2,600 |
| 2 Carats | From $4,700 |
| 2.5 Carats | From $23,500 |
| 3 Carats | From $31,000 |
| 4 Carats | From $60,000 |
1 carat diamond can cost anywhere from $2,000 to $15,000 in Singapore depending on the cut, quality and size of the diamond. The price can range significantly based on the diamond's characteristics such as color, cut, clarity, and carat weight.
Rightfully, the more expensive a diamond, the better its quality and rarity. For a slightly lower budget, a 0.50 to 0.95 carat diamond may be an ideal choice for a beautiful piece of engagement jewellery as well.
How to get a cheaper diamond ring in Singapore?
Average cost of diamonds in Singapore - Cheap Diamond Singapore
Many elegant rings can be found for less than you might expect to pay. You should pay close attention to the ring's composition as well as its design in order to ensure that you will get the best possible deal.
This is due to the fact that the price of a ring can fluctuate depending on factors such as its band composition, the presence of natural diamonds as compared to lab-grown diamonds, and the range of additional precious stones on the band.
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What is the cheapest version of a diamond?
Diamonds are significantly more expensive than moissanite gems, which makes moissanite gems an attractive alternative whether mined or lab-grown.
Size and color are the most important factors in determining the cost of moissanite diamond substitutes.
Prices for a moissanite weighing one carat can range anywhere between $250 to $600.
Where is it cheaper to buy diamonds?
Dubai, Switzerland, Belgium, and France are some of the cheapest places to buy diamonds.
They are the least expensive because the vast majority of the world's precious stones are cut in that country.
Therefore, you will not be required to pay extra markup owing to the cost of shipping or the markup that retailers charge.
Which country is best to buy diamonds from?
Here are the best places to buy Diamond Jewelry in the World.
- Dubai
- Belgium
- Switzerland
- France
- Las Vegas, Nevada
- New York City
- Israel
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Tips on buying the best diamond in Singapore
Singapore Diamond Buying Guide - Cheap Diamond Singapore
1. Know the 4Cs of a diamond (Cut, Carat, Color and Clarity)
It's common knowledge that the carat weight of a diamond indicates its quality, but this isn't always the case. The following four characteristics—in the order of their importance—determine the price of a diamond:
- Cut - diamonds are valued more for their proportions, symmetry, and facets than for their actual shapes.
- Carat - a measurement of the unit of a diamond expressed in carats.
- Color - the degree to which a diamond is colorless or yellow.
- Clarity - naturally occurring imperfections in the diamond, which are normally only apparent to the human eye.
A grading certificate from either the Gemological Institute of America (GIA) and or American Gem Society (AGS) describing the characteristics of the diamond's 4Cs is included with every genuine diamond that is purchased from a retailer. You should be given one in addition to your diamond at no additional cost and without having to make any special requests.
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2. It's not always better to have a larger carat size.
It is important to get this misunderstanding out in the open once and for all: the carat value of a diamond corresponds to its weight, not its dimensions.
Due to the fact that a smaller diamond has greater depth than a larger diamond, the smaller diamond might have a higher carat value.
A diamond with dimensions described as "Super Ideal Cut" would maximize its carat value, giving the impression that it is larger than it actually is from the front.
3. Instead of looking at the diamond's front, examine its backside to determine its color.
Image source: @diamondateliers.sg
Diamond Color: Grade Chart and Buying Tips - Cheap Diamond Singapore
It is not the intensity of the diamond's sparkle that determines its color; rather, it is the color of the diamond's body.
This extends from the letter D all the way up to the letter Z, and as the letters climb, it takes on a more yellowish hue.
Placing two diamonds next to one another on a sheet of white paper and examining them from the reverse side is the proper technique to evaluate the different colors of diamonds.
Don't worry so much about getting the highest color grade that's available; the difference in color from one grade to the next isn't noticeable at the front, and it's even more difficult to distinguish after the bling is placed in its position.
4. Try to avoid from some flat carat numbers
The price of a diamond is determined by its carat range, which might be anywhere from 0.3 to 0.39 carats, 0.4 to 0.49 carats, 0.5 to 0.69 carats, and so on.
There is a sizable price gap between each range and the one before it, but here's the thing: in terms of quality, a difference of 0.01 carat isn't much of a fall, and it makes almost no change in terms of physical appearance.
To put it more simply, if you were thinking of purchasing, for example, a 0.7-carat diamond, you should instead get one that is 0.6-carats or higher.
Are diamonds falling in price?
The price of diamonds can vary due to many factors such as market availability, demand, and the cut of the stones. In recent years, the cost of diamonds has seen a slight decrease in certain markets due to an increase in the supply of lower quality diamonds on the market.
This has created competition among jewelers and diamond traders, which in turn has typically resulted in reduced prices.
Moreover, changes in consumers’ preferences and economic conditions have also affected the price of diamonds.
As a result, diamonds are likely to continue falling in price over time.
Do diamonds have resale value?
Reselling diamonds is not always easy. The diamond must be of a certain quality, with a reliable certificate of authenticity, to be considered by buyers.
Prices on the secondary market can be quite volatile and diamond values can fluctuate greatly, influenced by market conditions.
Generally, diamonds will always have some resale value, although it can vary greatly depending on the quality and rarity of the diamond. The higher the clarity/carat of the diamond, the higher the chances of you can resell it.
Therefore, it is worth researching the resale value of different diamonds before committing to purchase and comparing the market value to the sale value you are offered, to ensure you are getting a good deal.
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Is it easy to resell diamonds?
It is relatively easy to resell diamond rings to pawnshops in Singapore, but there are certain factors to consider. First, it is important to research the current market value of the diamond. You will want to make sure you are getting the highest price possible.
Secondly, check the pawnshop's policies to ensure the diamond can be accepted.
Third, it is important to know what the shop is willing to offer for the diamond, so you can negotiate a fair price.
Moreover, you may need to provide proof of authenticity, such as a certificate or an appraisal. Taking these steps will help you ensure that you can successfully resell diamonds to a pawnshop.
Cheap Diamond Singapore
In Singapore, it might be difficult to find diamonds that are both of excellent quality and affordable price, but if you are set on purchasing a diamond at a lower cost, the shape of the diamond is an important factor to take into consideration.
The price of a diamond can vary greatly depending on its shape. Round diamonds tend to be the most expensive.
If you want to find the most genuine diamond possible, all you have to do is follow the advice in the previous section of this article.
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