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How Much Is 2-carat Diamond Ring Cost In 2024?

Are you curious about how much a 2-carat diamond ring costs? In this guide, we’ll delve into the world of 2-carat diamond rings, discussing their pricing factors, average costs, and tips for finding the perfect ring within your budget.

Beauty of a 2-Carat Diamond Ring

A 2-carat diamond ring is a masterpiece of nature and craftsmanship. Its stunning brilliance and fire make it one of the most sought-after choices for engagement rings and special occasions. But how do you determine its value?

A 2-carat diamond ring features a diamond with an exact weight of 2 carats, which is equivalent to 200 milligrams or approximately 0.007 ounces. The term “carat” is used to measure the weight of diamonds and other gemstones.

Understanding the 4 Cs

Carat Weight

The carat weight of a diamond is a crucial factor in assessing its value. A 2-carat diamond ring, as the name suggests, contains a diamond that weighs 2 carats. The larger the carat weight, the rarer and more valuable the diamond becomes.

Cut Quality

The cut of a diamond influences its sparkle and overall beauty. A well-cut 2-carat diamond will exhibit exceptional brilliance and scintillation. The cut quality is graded from poor to excellent, with excellent being the most desirable.

Color Grade

Diamonds come in various colors, from colorless to light yellow or brown. The Gemological Institute of America (GIA) grades diamonds on a scale from D (colorless) to Z (light yellow or brown). The closer a diamond is to colorless, the more valuable it is.

Clarity Grade

Clarity refers to the presence of internal or external flaws, known as inclusions and blemishes, respectively. The clarity grade ranges from flawless (no imperfections visible under 10x magnification) to included (imperfections visible to the naked eye). A higher clarity grade enhances a diamond’s value.

Factors Influencing the Price of a 2-Carat Diamond Ring

When it comes to pricing a 2-carat diamond ring, several factors come into play. These include the diamond’s cut, color, clarity, and carat weight. Additionally, the diamond’s shape and certification can impact its value significantly. Let’s explore each of these factors in detail.

Diamond Cut

  • The cut of a diamond affects its brilliance and sparkle.
  • Well-cut diamonds command a higher price due to their exceptional light performance.

Diamond Color

  • Diamonds are graded on a scale from D (colorless) to Z (light yellow or brown).
  • Colorless diamonds are more valuable, while those with slight coloration are more affordable.

Diamond Clarity

  • Clarity refers to the presence of internal or external flaws (inclusions and blemishes).
  • Diamonds with fewer imperfections are priced higher.

Diamond Carat Weight

  • Carat weight is a significant pricing factor; larger diamonds cost more.
  • 2-carat diamonds are considered sizeable and are priced accordingly.

Diamond Shape

  • Popular shapes like round and princess-cut may have higher price tags.
  • Unique shapes can offer value for those seeking something different.

Certification and Appraisal

  • Diamonds should come with a reputable certification.
  • An independent appraisal ensures you’re paying a fair price.

2-Carat Diamond Ring price for different cuts

The price of a 2-carat diamond ring can vary significantly depending on various factors, including the diamond’s cut, color, clarity, and the quality of the setting. Additionally, market conditions and location can influence the price.

2-carat diamond ring

1. Round Brilliant Cut

This is the most popular and classic diamond cut. It features a round shape with 57 or 58 facets, maximizing brilliance and sparkle. Round diamonds are timeless and versatile, suitable for various ring styles.

Diamond Cut: Ideal
Diamond Color: D, E, F, G, H, I, J, & K
Diamond Clarity: IF, VVS1, VVS2, VS1, VS2, SI1, & SI2

IFVVS1VVS2VS1VS2SI1SI2
D$53,590$45,503$33,574$34,420$28,582$21,401$18,248
E$35,653$34,788$33,063$29,833$28,205$20,996$16,533
F$35,042$31,283$31,587$28,517$25,556$19,172$15,323
G$28,733$25,369$24,346$22,963$21,141$18,144$15,219
H$23,665$22,414$21,049$20,900$19,653$17,005$14,686
I$20,037$17,271$17,571$17,190$16,565$15,033$13,790
J$14,679$16,014$14,799$14,084$14,098$13,112$12,795
K$13,686$13,550$12,692$11,712$10,958$10,396$9,545
Credit: CreditDonkey

2. Princess Cut

Princess-cut diamonds are square or rectangular with pointed corners. They have sharp, uncut corners and are known for their modern and elegant appearance.

Diamond Cut: Ideal
Diamond Color: D, E, F, G, H, I, J, & K
Diamond Clarity: IF, VVS1, VVS2, VS1, VS2, SI1, & SI2

IFVVS1VVS2VS1VS2SI1SI2
D$30,594$33,091$26,026$23,958$21,3086$18,784$14,079
E$30,140$35,815$22,958$20,894$21,733$17,386$13,131
F$27,930$25,208$21,165$21,075$21,387$17,057$14,595
G$24,425$19,382$19,673$19,137$19,528$16,617$13,600
H$17,997$22,274$17,460$18,537$17,743$14,439$12,364
I$15,854$14,260$12,472$12,7280$11,935$13,184$11,381
J$14,170$10,948$11,194$10,077$11,126$11,296$10,237
K$13,280$10,450$9,711$9,216$10,252$8,422$8,058
Credit: CreditDonkey

3. Emerald Cut

Emerald-cut diamonds have a rectangular shape with cropped corners. They are step-cut, which means their facets are arranged parallel to each other, creating a hall-of-mirrors effect and emphasizing clarity.

Diamond Cut: Ideal
Diamond Color: D, E, F, G, H, I, J, & K
Diamond Clarity: IF, VVS1, VVS2, VS1, VS2, SI1, & SI2

IFVVS1VVS2VS1VS2SI1SI2
D$29,678$23,168$24,064$22,016$21,564$15,937$12,557
E$29,220$23,904$22,204$20,717$22,541$16,256$15,471
F$24,269$22,692$24,428$20,619$18,796$16,546$10,595
G$22,212$22,228$20,437$19,824$20,315$14,582$11,072
H$19,968$18,479$17,271$17,589$16,083$13,394$12,846
I$12,888$14,937$14,691$13,809$13,570$11,994$10,664
J$12,467$11,808$11,927$11,692$11,722$9,351$9,542
K$10,889$11,153$11,312$10,063$9,467$9,054$9,179
Credit: CreditDonkey

4. Cushion Cut

Cushion-cut diamonds have a square or rectangular shape with rounded corners. They combine the brilliance of a round cut with a more vintage and romantic feel.

Diamond Cut: Ideal
Diamond Color: D, E, F, G, H, I, J, & K
Diamond Clarity: IF, VVS1, VVS2, VS1, VS2, SI1, & SI2

IFVVS1VVS2VS1VS2SI1SI2
D$30,502$22,488$20,337$18,124$19,140$16,277$13,246
E$27,362$22,553$19,899$18,546$17,458$16,208$11,947
F$18,836$18,038$20,562$18,333$17,588$15,335$12,111
G$20,970$19,622$17,456$18,389$17,060$13,900$11,945
H$16,890$15,536$14,121$15,394$14,205$12,566$11,391
I$14,335$13,427$12,156$12,121$12,372$10,897$10,579
J$13,280$11,616$10,588$10,310$9,709$9,911$9,296
K$12,520$11,292$10,268$8,860$8,694$8,564$7,874
Credit: CreditDonkey

5. Oval Cut

Oval-cut diamonds are elongated and have a similar sparkle to round diamonds. They create an illusion of longer, more slender fingers when used in engagement rings.

Diamond Cut: Ideal
Diamond Color: D, E, F, G, H, I, J, & K
Diamond Clarity: IF, VVS1, VVS2, VS1, VS2, SI1, & SI2

IFVVS1VVS2VS1VS2SI1SI2
D$32,429$26,335$26,383$23,837$22,621$20,786$15,213
E$29,246$29,184$23,282$23,289$22,299$18,978$14,713
F$26,450$23,963$23,077$21,303$21,886$18,875$15,584
G$21,317$23,632$22,141$21,148$20,839$17,913$14,318
H$18,344$19,861$17,905$17,542$18,470$16,444$13,758
I$16,770$15,276$15,144$14,852$14,550$14,010$12,736
J$14,830$12,104$12,354$11,781$12,553$11,631$11,188
K$12,710$10,011$9,553$10,878$10,402$9,844$9,279
Credit: CreditDonkey

6. Marquise Cut

Marquise-cut diamonds are long and pointed at both ends, resembling a football or a boat shape. They create a unique and elegant look.

Diamond Cut: Ideal
Diamond Color: D, E, F, G, H, I, J, & K
Diamond Clarity: IF, VVS1, VVS2, VS1, VS2, SI1, & SI2

IFVVS1VVS2VS1VS2SI1SI2
D$29,062$30,330$26,632$24,170$22,598$20,334$16,820
E$27,480$24,999$25,528$23,820$32,260$19,698$14,882
F$26,350$27,446$23,930$22,740$22,830$20,179$15,670
G$25,820$27,924$23,420$21,338$16,452$16,667$15,204
H$24,380$22,720$21,940$17,290$15,591$16,098$14,275
I$18,370$16,840$15,430$13,260$14,321$15,588$13,760
J$14,620$12,530$12,410$12,180$12,140$11,800$11,990
K$11,127$10,820$10,740$7,300$9,890$9,450$9,309
Credit: CreditDonkey

7. Pear-Shaped Cut

Pear-shaped diamonds, also known as teardrop diamonds, are a combination of round and marquise shapes. They are popular for both engagement rings and pendants.

Diamond Cut: Ideal
Diamond Color: D, E, F, G, H, I, J, & K
Diamond Clarity: IF, VVS1, VVS2, VS1, VS2, SI1, & SI2

IFVVS1VVS2VS1VS2SI1SI2
D$29,147$29,524$24,210$24,292$20,182$18,440$13,977
E$28,705$25,601$24,706$21,151$20,052$17,598$12,357
F$24,337$20,931$21,698$22,228$20,161$15,857$12,084
G$24,204$19,046$19,872$19,383$18,088$15,885$12,870
H$20,383$18,708$16,149$16,682$15,615$14,054$12,470
I$14,807$15,850$13,458$13,574$12,470$12,859$11,190
J$11,820$11,630$11,421$10,588$10,616$10,293$10,073
K$10,535$8,320$9,870$10,280$9,525$9,429$9,007
Credit: CreditDonkey

8. Asscher Cut

Asscher-cut diamonds are square with cropped corners, similar to emerald cuts but with a more square shape. They have a vintage and art deco appeal.

Diamond Cut: Ideal
Diamond Color: D, E, F, G, H, I, J, & K
Diamond Clarity: IF, VVS1, VVS2, VS1, VS2, SI1, & SI2

IFVVS1VVS2VS1VS2SI1SI2
D$30,560$24,731$23,909$21,918$20,565$13,031$12,920
E$29,430$19,540$22,595$19,401$17,207$16,347$9,798
F$28,760$27,741$21,158$18,719$17,453$15,014$14,700
G$20,770$19,816$19,598$18,011$17,507$13,774$12,310
H$15,600$16,247$15,995$18,292$13,162$10,609$8,289
I$14,830$13,672$10,950$12,414$9,971$11,073$11,075
J$11,310$9,461$9,860$9,681$9,734$9,710$9,460
K$10,620$8,990$8,210$7,863$7,640$7,542$7,170
Credit: CreditDonkey

9. Radiant Cut

Radiant-cut diamonds are typically square or rectangular with trimmed corners. They combine the elegance of emerald cuts with the brilliance of round diamonds.

Diamond Cut: Ideal
Diamond Color: D, E, F, G, H, I, J, & K
Diamond Clarity: IF, VVS1, VVS2, VS1, VS2, SI1, & SI2

IFVVS1VVS2VS1VS2SI1SI2
D$41,675$29,729$26,830$21,873$21,155$17,416$15,336
E$38,550$32,785$22,838$21,800$21,127$17,851$15,343
F$21,355$21,280$20,497$21,155$19,681$17,800$13,879
G$22,310$21,729$22,071$18,867$18,749$14,945$13,889
H$16,984$19,132$16,585$16,814$15,204$14,423$13,251
I$16,750$16,444$14,070$12,642$13,827$12,765$13,501
J$14,780$12,550$12,100$11,837$11,208$11,429$9,796
K$11,400$9,970$8,866$8,630$9,231$8,850$8,568
Credit: CreditDonkey

10. Heart-Shaped Cut

Heart-shaped diamonds are romantic and symbolic. They require precision in cutting to achieve a symmetrical and well-proportioned heart shape.

Diamond Cut: Ideal
Diamond Color: D, E, F, G, H, I, J, & K
Diamond Clarity: IF, VVS1, VVS2, VS1, VS2, SI1, & SI2

IFVVS1VVS2VS1VS2SI1SI2
D$22,636$26,533$25,730$23,253$21,113$17,084$15,262
E$27,960$24,960$26,391$23,548$19,759$20,861$12,303
F$30,990$24,170$21,160$20,991$22,064$16,674$10,243
G$25,270$23,012$21,043$26,170$19,739$13,402$12,503
H$21,320$20,840$19,231$15,243$16,122$14,668$10,362
I$15,330$16,360$15,390$15,775$11,760$12,603$10,147
J$12,048$12,490$11,830$11,470$14,468$11,710$9,913
K$11,190$10,740$10,610$9,595$10,910$8,5168,180
Credit: CreditDonkey

Difference between Natural 2 Carat and Lab-grown 2 carat diamond ring

Natural 2-Carat Diamond Ring:

Origin: Natural diamonds are formed deep within the Earth’s mantle over millions of years through natural geological processes.

Rarity: Natural diamonds are rare, and their availability depends on mining operations. Large, high-quality natural diamonds are particularly scarce.

Cost: Natural 2-carat diamond rings are typically more expensive than their lab-grown counterparts due to the rarity and mining costs associated with natural diamonds. Prices can range from approximately $20,000 to $150,000 or more, depending on various factors such as cut, color, clarity, and market conditions.

Ethical and Environmental Considerations: The mining of natural diamonds can have environmental and ethical concerns, such as habitat disruption and issues related to conflict diamonds (blood diamonds).

Lab-Grown 2-Carat Diamond Ring:

Origin: Lab-grown diamonds, also known as synthetic or man-made diamonds, are created in controlled laboratory environments using advanced technological processes that simulate the conditions under which natural diamonds form.

Rarity: Lab-grown diamonds are becoming increasingly available and are not subject to the same geological limitations as natural diamonds. As a result, they are less rare.

Cost: Lab-grown 2-carat diamond rings are generally more affordable than natural diamond rings of the same size and quality. Prices can range from approximately $10,000 to $40,000 or more, depending on factors like the quality of the lab-grown diamond and the setting.

Ethical and Environmental Considerations: Lab-grown diamonds are often considered more environmentally friendly and ethically responsible, as they do not involve mining operations and are not associated with conflict diamonds. They offer a sustainable and transparent alternative.

Price comparison for 2 Carat
Natural diamond vs. Lab-grown diamond

Carat, Color, Clarity, CutNatural DiamondLab Diamond
2 carat round, H, VS2, Ideal$21,000$3,400
2-carat, round, G, VVS2, Ideal$26,000$4,700
2-carat, princess, G, VS1, Ideal$22,000$4,400
2-carat, cushion, F, VS2, Ideal$18,000$4,300
Credit: CreditDonkey

Best Designs For a 2-Carat Diamond Ring to buy

Designing a 2-carat diamond ring involves selecting a setting, metal type, and overall style that complements the diamond’s size and enhances its beauty. Here are some popular design options for a 2-carat diamond ring:

Solitaire Setting

A classic solitaire setting is timeless and elegant. It features a single 2-carat diamond prominently set on a plain metal band. This design allows the diamond to take center stage, emphasizing its size and brilliance.

Halo Setting

A halo setting consists of a 2-carat center diamond surrounded by a circle of smaller diamonds (the halo). This design adds extra sparkle and creates the illusion of a larger diamond.

Three-Stone Setting

In a three-stone setting, the 2-carat center diamond is flanked by two smaller diamonds or gemstones on either side. This design symbolizes the past, present, and future and offers a balanced and sophisticated look.

Pavé or Micropavé Setting:

A pavé setting features small diamonds set closely together along the band, adding a dazzling sparkle to the ring. Micropavé settings use even smaller diamonds for a delicate and refined appearance.

Conclusion

In conclusion, the cost of a 2-carat diamond ring is influenced by a combination of factors, including carat weight, cut, color, clarity, shape, setting, certification, and market dynamics. While the price range is broad, it’s essential to prioritize quality and authenticity when making this significant purchase.

A 2-carat diamond ring represents more than just a piece of jewelry; it symbolizes love, commitment, and lasting beauty. When considering such a purchase, it’s not just about the price—it’s about the cherished memories and emotions it will hold for a lifetime.