If you are interested in one of the products on display in the oval shaped diamond ring with a 5 carat jewel then you will be looking for the price of this jewel. These are shapes that give out brilliance, elegance and size at once and that’s why oval cut diamonds are used in engagements. However, in the case with the 5 carat diamond, the price difference can be insurmountable. Let me share some key considerations for the 5 carat oval diamond ring price, what to look out for, and how to get the best deal.
Average Price Range of a 5 Carat Oval Diamond Ring
Well, the raw price that we have discussed, what is the real guess cost of the 5 carat oval diamond ring? Generally it can cost anywhere from $50000 to $500000 or even beyond depending on the quality of the diamond and its setting. While LV might range from the lower end of the above scale to upper hundreds of thousands, better cut diamonds might stay well above $500, 000.
What is there Such a Large Price Range?
The wide range in the 5 carat oval diamond ring price comes down to the factors we mentioned earlier: the four C’s and setting. For instance, a 5 carat oval cut diamond with D color grade and flawless clarity will cost way more than a diamond that has low color and clarity grades correspondingly. Also, unique environments or unusual materials, for instance, platinum, makes the price rise higher.
How Does the Shape Impact the Price?
It is possible to ask if the very fact that it is oval increases the price of the product or not. If it would be compared with round shaped ones, oval diamonds may be slightly cheaper because there is less wastage of rough diamond when it is being cut. But when it comes to a 5 carat oval diamond ring, the savings from giving it an oval shape can still run into tens of thousands of dollars.
Comparing a 5 Carat Oval Diamond to Other Shapes
For as much as the 5 carat oval diamond ring price may be steep, it’s best to compare the price to that of other shapes. He stated that round diamonds may be more expensive simply because they return the most light or brilliance. On the other hand oval shape gives a similar kind of sparkle at a comparatively cheaper rate. If you’re looking for a ring that offers both size and sparkle at a reasonable price then a 5 carat oval diamond ring price is going to make this shape the best for you.
Should you Insure a 5 Carat Oval Diamond Ring?
Absolutely. A 5 carat oval diamond ring is not a cheap investment, so having assurance that it will give one a sense of security. Ensure the ring is appraised and insured with the right firm since this is a key gadget and holds promise. This way, should the ring get lost, stolen or destroyed, you don’t have to lose the invested amount of money either.
The Popularity of the 5 Carat Oval Diamond Rings
Recently, oval cut diamonds have been in high demand especially from those people who wish to acquire engagement rings. But with this increased popularity, the possibility for price increases in the future remains a virtual certainty. If you’re dead-set on getting a 5 carat oval diamond ring, it is better to do this now before prices go up.
Alternatives to a 5 Carat Oval Diamond Ring
Much as the 5 carat oval diamond ring price may be off your reach, here are some tricks that can be taken. For instance, instead of purchasing a ring with 5 carats, it can purchase very beautiful jewelry with the carat weight of 4.5 carats, 4 carats and so on. You may opt for artificially made diamonds which are just as good as natural diamonds but costs less than the later.
Conclusion
An oval diamond ring which is 5 carats has size, class and brilliance all rolled in one. As you might know, the price of this ring may depend on the cut, color, clarity, and the setting of the ring. Whether one is looking at the best 5 carat oval diamond ring quality or the cheapest then one would make a good decision over what contributes to the 5 carat oval diamond ring price. If you are willing to make this investment though, then do not be hasty, compare different products, study the commercials offers and get the best value for your money.
