How much does a 3-carat diamond ring cost?

The price can vary greatly when buying a 3-carat diamond ring, as diamond quality, diamond shape, and diamond setting can play a very important role. In this article by pompeii3, we take these aspects apart in more detail and give you a guide on how much does a 3-carat diamond ring cost!

3-Carat Diamond Ring Price Factors

The size doesn’t determine the diamond ring’s cost. It is a package of several key factors that occur together at one time. A 3-carat stone will cost more depending on some key considerations than others.

1. Diamond Quality

Diamond quality plays an essential part in its price, which can be assessed using the "Four Cs". These standards include

• Cut: The cut determines how brilliantly a stone shines, and it will affect its cost accordingly. A well-cut stone may cost more.
• Color: Gemstones can range in hue from colorless to slightly yellow or brown; more expensive are diamonds, which have no tint whatsoever.
• Clarity: The fewer the imperfections in a stone, the higher the clarity grade and price of it.
• Carat Weight: The weight of a diamond is referred to as carat weight; 3- carat diamonds are usually very large, thus more expensive.

2. Diamond Shape

There are different shapes in diamonds; some are more expensive than others. Oval, pear, or emerald diamonds may be less costly than round diamonds.

3. Type of Setting

The setting of a 3-carat diamond ring will have a strong degree of influence on the price, whereas its plain band design or its settings, with other gemstones, will be relatively cheaper. A more detailed environment, including more stones or details of the design, is most probably going to be more expensive.

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Average Price Paid For A 3-carat Diamond Ring

The price of a 3-carat diamond ring typically lies between Rs 8739100 and above 120,000 dollars, and this depends on the quality of the diamond, as well as the needs that require making it.

• Lower End: Starting prices for 3-carat diamond rings with lower color and clarity grades could begin at Rs‌8,739,100.Still it is a breathtakingly beautiful stone, but it may contain small flaws or variations like minor imperfections.
• Middle: To get a good diamond of an excellent cut, color and few flaws, you will have to pay a price range of between Rs 14,565,100 and Rs 23,400k.Most people find a balance here between quality and price.
• High End: When purchasing an exquisite diamond with perfect clarity, color, and cut specifications, its price may exceed Rs‌29,130,200 as these stones are rare and come at an extraordinary premium price tag.

Additional Costs to Consider

Cost estimates for 3-carat diamond rings often include not just the stone itself, but also setting fees, taxes, and possible insurance fees associated with protecting such an expensive piece of jewelry.

1. Ring Setting

The setting can range from an elaborate band featuring diamonds or intricate details to one with simple bands with no additional diamonds at all. Basic settings might cost several thousand dollars, while custom or luxury settings can add over Rs‌2,913,100 more in costs.

2. Taxes

Depending on where and when you purchase the ring, sales taxes could be tacked onto its total price. Some states even charge up to 10% in sales tax!

3. Insurance

An impressive investment will be a 3-carat diamond ring. In the event of it being lost or damaged, you should guard it with jewelry insurance, which is often charged according to value.

Final Thoughts

How much does a 3-carat diamond ring cost? The cost of a 3-carat diamond ring will differ significantly in regard to quality, shape and style of setting. You will spend between Rs 8,739,100 and 34,956,200 on average. The size will have some bearing, but its quality has a greater influence when considering both the cost and beauty of this purchase.

In case you are in search of a beautiful 3-carat diamond ring, you will find an amazing one with Pompeii3. Starting with gold engagement rings in the case of wedding sets, Pompeii3 offers the best stones in settings to match any budget and style.