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Posted under Diamond Guide

Friday, Feb 02 2024

How Much Does a 5 Carat Diamond Cost?

Written by Nicole Harper

How Much Does a 5 Carat Diamond Cost?

As Marilyn Monroe said, and we quote, “Diamonds are a girl’s best friend,” and we couldn’t agree more. We believe diamonds are beautiful and a great choice for high-end jewelry. Our goal isn’t to persuade you to buy a diamond. In this blog, we are here to help you get the best for your budget when shopping for a 5 carat lab grown diamond. We help you balance quality, size, and budget while avoiding any buying pitfalls. 

A 5 carat diamond is a luxurious choice for those who are looking for a statement piece of jewelry. They are everything a girl would love to have in a diamond; they’re big, bold, and basically shout, ‘Look at me!’

Table Of Content

Natural Vs. Lab Grown Diamond Price

A common misconception is that “Lab Diamonds” are fake. This conception of people is absolutely false! Remember that the diamonds that are considered to be “Fake” are artificial diamonds such as cubic zirconia; they might not have the same geological backstory to them, but they have their own charm that attracts customers. 

Lab grown diamonds are 100% real. The only differences are the budget-friendly price tags and the process of creating these diamonds. Lab diamonds are replicated in a controlled environment and monitored by diamond specialists. The end product is a diamond with the same physical, chemical, and optical properties as a natural diamond.

If you go for a naturally mined diamond, there are several factors that affect its pricing. One of the most important factors that affect the price tag is the rarity of these diamonds, because jewelry made with traditionally mined diamonds takes more time. The process of extracting these gems is difficult, and since the demand for these sparkling stones is more due to their popularity,  a stark difference is seen in the pricing factor.

Natural Vs. Lab Grown Diamond

However, with the current trend of consumers shifting towards more ethical and sustainable choices, lab grown diamonds have gained much popularity, with a price difference of at least 40% to 70%. This way, you can save more and buy a bigger carat of your desired diamond. 

Before we get into the details of the pricing of a 5 carat diamond, we would first like to explain how the size of the stones are measured so you get a rough idea of how big the stone would be when you buy a 5 carat diamond. One carat is roughly equal to 0.2 grams. Thus, a 5 carat diamond weighs approximately somewhere around 1 gram. This may not seem like a lot, but if you are going for a round cut diamond, it would have a diameter of 11 millimeters. If this is difficult for you to decipher, a 5 carat diamond is roughly similar to a grape or cherry size. The carat of the diamond gives us a sense of its size and presence that provides us with a concrete measure of it.

Factors to Consider Before Buying a 5 Carat Diamond

When you buy a 5 carat diamond, there are some steps you have to know that will help you make an informed decision. Once you know these tips, it will help you not to overpay for the qualities you can’t see. With that being said, blemishes and inclusions are more visible in bigger diamonds, so buying a quality diamond should be your priority.

We suggest carefully reviewing a 5 carat diamond by yourself. These tips from our experts will help you buy the perfect diamond at an exceptional price.

  • Clarity 

If clarity grade is very important to you, and you still want to save money, we suggest considering lab grown diamonds. They are exactly the same as a natural diamond in every aspect, plus most of them are eye-clean stones, which means the diamonds look clear to naked eyes. For the best value, look for a 5 carat diamond in the VS1 or VS2 clarity grades.

Clarity

  • Cut

This is the one area you should never skimp on, especially when buying a 5-carat diamond. This is because a stone’s cut quality greatly affects its visual appearance. And because big diamonds can emphasize any flaw, you’ll want to ensure that you only buy a 5-carat diamond with a cut grade of Excellent on the GIA scale. This will ensure you get the maximum sparkle for your purchased diamond.

  • Color

A diamond’s color grade can also affect the overall price. One could pay thousands of dollars for the colorless grades ranging between D-F.  A good money-saving tip that our experts advise you is to go for a nearly-colorless diamond. This way, you get a beautiful gem without paying the hefty amount that often comes with colorless diamonds. It is a smart move that we recommend to strike a perfect balance between quality and cost.

  • Shape

We all know some diamond shapes are cheaper than others. An emerald cut diamond, for example, will be more affordable than a round brilliant cut diamond of the same carat weight and clarity grade. Our experts advise that if you go for a fancy-shaped diamond, you can spend the additional money on the areas that have a bigger impact on the stone's overall appearance.

  • Certification

Whether you’re buying a 5-carat diamond or a stone with a lower carat weight, it’s important to verify that the diamond comes with a certification from a reputable diamond grading institute such as IGI or GIA. If a dealer suggests you buy a diamond from a different source, it’s best to steer clear – especially with 5-carat diamonds. This is because the actual quality of the diamond may be far less than what the report claims. With a certification from the IGI or GIA, you can be sure you are getting your money’s worth.

Certification

SHOP Certified Diamonds

  • Return & Exchange Policy

Our experts advise that you check for the return and exchange policy of the jeweler or retailer you plan to buy from. It gives you confidence and satisfaction with your purchase. The return and exchange policy adds to the additional security that if something goes wrong, your jeweler will have your back with any further assistance.

Average 5 Carat Diamond Cost

The price for a 5 carat lab grown diamond will always depend on where you purchase it from. Price differences will likely be between those purchased in brick-and-mortar stores and an online shop. On average, the starting range of a diamond with a color grade between D-K and clarity grade between FL-SI2 costs approximately $6000 to $13000. Remember that this is the starting average cost for a loose lab grown diamond. The jewelry style you choose, the metal, the setting, and all these factors will affect the price you pay for your lab grown diamond jewel

If you are looking to buy a natural diamond, it will be on the pricier side of your budget due to the rarity factor that they bring along with them. On average, a round cut 5 carat natural diamond will cost you around $93,000 with color grade I and clarity grade VS1. You can easily figure out and see the stark difference between the pricing of a mined diamond and a lab diamond.

Carat Lab Diamond at Friendly Diamonds

When you purchase a 5 carat diamond at Friendly Diamonds, the price range starts from $3000 to $6000.  Just imagine how much you will save if you shop for a lab diamond for your very own customized jewelry. If the price range intrigues you, then it is worth giving it a chance and bagging the diamond that has your heart.

5 Carat at Friendly Diamonds

At Friendly Diamonds, we source lab diamonds that are ethically sourced and are suitable for every taste, style, and budget. Friendly Diamonds is a leading retailer specializing in lab grown diamonds, fine jewelry, and engagement rings. Shop with us and get a high-quality, lab grown diamond at a very reasonable price. If you have any further questions about lab diamonds or your purchase, we encourage you to contact our experts and book an online consultation to resolve your queries.