The decision to purchase a 5 carat diamond ring is not one made lightly. For most people, beginning the search can seem even more daunting given the astronomical stakes involved.
So, how do you determine what makes an exceptional diamond and what drives your decision making in such an important purchase?
If you are looking for answers to these questions, you are at the right place!
In this write up, I’m going to reveal the critical factors to buying a 5ct diamond ring and show you how to shop with complete confidence.
Even if you are one of the super-rich, I’m sure budget is still a primary factor for you to work with. As a matter of fact, I frequently get questions like: “How much does a five carat engagement ring cost?” or “My budget for my 20th anniversary gift is around $xxx,000. Is it sufficient to get a five ct ring at this price point?”
Well, it really depends. This is because many different factors (cut, color and clarity ratings) come into play when determining the price of a diamond. At such a large carat size, the slightest difference between clarity or color ratings will significantly impact the cost of a 5 ct diamond.
In general, you can expect to pay upwards of $100,000 for a well cut diamond in the lower color and clarity ranges. If you are looking at top end specifications (e.g. D/IF), you can expect the cost of a 5ct diamond to be upwards of $500,000.
Let’s take a look at a couple of real-life examples and you’ll see what I mean…
This 5.50 carat, D color, flawless diamond costs a whopping $609,033!
For people who have more than half a million of spare cash lying around, a D/FL diamond would probably constitute the “perfect” stone for you. However, if your budget isn’t that lavish, fret not. It is possible to get a 5 carat diamond at a fraction of that price if you are smart about the 4Cs.
A perfectly cut 5.388 ct J color VS2 clarity diamond priced at only $117,999.
This stunning 5 carat J VS2 hearts and arrows diamond from Brian Gavin is cut to the best possible standards. As you can see, the price difference between the D/IF diamond is enormous. This is because color and clarity ratings have an exponential pricing effect on large sized diamonds.
With that, let’s move onto the next section about the guidelines to buying 5ct diamonds…
If you had been shopping around, you will probably hear sales pitches that claim higher clarity and color ratings translate into more “beautiful” diamonds.
Don’t fall for it. This is actually a marketing trick employed by jewelers to make you spend more.
Let me show you why it’s a bad idea to blindly believe such claims.
In the example above, you can see an E color IF clarity diamond with mediocre cut quality even though it was graded as a GIA triple excellent diamond. While this may come as a surprise to you, the truth is this diamond comes from the bottom of the GIA 3EX barrel.
The diamond has terrible cut proportions (excessively steep pavilion angles and low crown angles) which causes significant light leakage. On top of that, the diamond has poor optical symmetry which negatively affects scintillation and contrast (messy arrows).
Simply put, stay away and save yourself half a million dollars from this train wreck.
In sharp contrast, the super ideal cut diamond below is as good as it gets in terms of cut quality. The balance of fire and brightness displayed by this diamond (check out the video in the listing) is phenomenal.
Compared to the E/IF diamond, this option is more affordable and offers better value!
By placing cut quality as a priority, the lower color/clarity diamond will have better sparkle and life. The benefits are 2 fold; having better cut quality will enable the diamond to mask body color and inclusions too.
At the end of the day, cut determines the beauty and performance of a diamond. This makes it a more practical buy than placing the emphasis on a high color/clarity diamond with lousy cut quality.
Before you call me crazy or wonder who would ever consider buying a big ticket item online, let me get tell you something straight up. Going online is the way to go if you care about getting the best quality for your money.
You see, times have changed and technology has enabled e-commerce features to be better than ever before.
First of all, going online enables you to cherry pick the best possible diamond out in the market. No brick and mortar store would ever hold a sizable selection of 5ct loose diamonds in their inventory because it ties up an insane amount of capital. And trust me, you are going to need the volume in order to weed out the majority of poorly cut diamonds.
Secondly, you are going to get a far more detailed analysis of the diamond than you ever would from a typical local store. Online vendors offer magnified videos and tangible cut data for you to perform analysis. You don’t get such detailed information at 99.99% of brick and mortar stores.
Thirdly, you get better consumer protection and sales policies with online vendors. Go ahead and compare sales policies (i.e. money back guarantees) against the online vendors I’m going to list below. Going back to the first point, 5 carat diamonds aren’t usually found in a store’s inventory.
If the local store does offer to bring one in for you, there are going to be substantial shipping fees incurred (non-refundable). In this scenario, aren’t you are better off heading to an online vendor in the first place since it lowers your risks and costs.
Of course, you don’t have to take my words for it.
When it comes to round brilliant diamonds, nobody cuts them to better standards than White Flash and Brian Gavin. Besides impeccable cut quality, both these vendors offer indepth videos and cut analysis data like the ASET, Idealscope and hearts & arrows images.
Click here to visit the listing and check out the wealth of information provided.
Comprehensive technical data are provided for analysis and enable you to determine cut quality.
Buying a fancy shaped diamond isn’t as straightforward as buying a round diamond. Also, different vendors specialize in different product lines and it depends on the diamond shape you are looking for.
The bottomline is, you NEED videos/photographs in order to know exactly what you are buying. Tangible cut data in the form of ASET images or GCAL reports would also be very useful.
From experience, the best vendors for fancy shapes like cushion, heart, oval, radiant, marquise, heart and pear are Blue Nile and James Allen.
This stone will create a stunning 5 carat oval diamond ring without breaking the bank.
This beautiful stonewill create the perfect 5 carat cushion cut diamond ring!
If you are in the market for a princess, emerald or Asscher shape diamond, I recommend you begin your search at Blue Nile and James Allen. They usually have a good inventory of well cut diamonds in these shapes.
This elegant 5 carat emerald cut diamond from Blue Nile displays top notch performance.
This optical brilliance analysis is extracted from the accompanying GCAL report.
Understandably, the cost of a 5 carat engagement ring may be out of reach to people with budget constraints. However, there are ring setting designs that can enable you to achieve similar visual effects of a large looking diamond ring.
The halo design is one of the best ways to enhance the visual appearance of a diamond ring. In essence, the halo design surrounds the center diamond with a perimeter of melee diamonds. When seen from typical viewing distances, this creates the illusion of a single large looking diamond.
Brian Gavin’s halo settings are crafted with fantastic quality and precision.
Using the additional width created by the halo (i.e. assuming each melee adds a diameter of 1.5mm on each side of the crown), you can create the illusion of a 5ct round diamond (11mm * 11mm) by using a 2.5 ct sized diamond (8mm * 8mm) as the center stone.
With a smaller sized center stone, you can reduce the price of the diamond ring significantly. Using the above configuration as an example, the estimate cost of a completed diamond ring will be roughly $55,000 ($4,850 setting + $50,000 G/VS2 diamond).
One alternative method to achieve a 5 carat diamond ring without breaking the bank is to utilize a 3-stone ring design. With some simple math, you can get the desired total weight by adding up the weight of the 3 stones.
The three-stone white gold setting from White Flash is expertly crafted and well-priced.
Let me explain further by using an example. If you go with a 3 stone ring that compromises of two 1.5ct diamonds and a 2ct center diamond, you will achieve a total carat weight of five carats (1.5 carat*2 + 2 carat).
Click here to view the individual diamonds in a side-by-side comparison.
With this configuration of diamonds, the total cost of the completed ring would be in the region of $70,000. Compared to the cost of a solitaire 5 carat G/VS2 diamond ($200,000), this could be a viable option to pursue to keep prices down.
So, there you have it. I’ve shared the tips that I personally use to ensure getting the best diamond possible for any given budget. Hopefully, this write up has given you a deeper insight to purchasing a 5 ct diamond ring.
If you have any questions or need help in picking out a diamond, feel free to get in touch via email or simply leave a comment below.
I’m really thankful I came across your website after a jeweler quote me a 5 karat diamond ring at a price of $134,853. The 5 karat ring is a solitaire design and I believe the paperwork consists of an EGL grading report and an appraisal form stating that the 5kt diamond ring’s value is worth $213,050. What do you think? How much does a 5 carat diamond cost with these types of documentations?
First of all, I think you had confused karat with carat. Karat is a measure of gold purity while carat is the measurement of a gemstone’s weight.
Now, the EGL grading report is unreliable and grossly inaccurate when it comes to reporting the diamond’s qualities. In fact, they are so bad that the biggest diamond trading network has completely banned it to protect consumers. If you do some research, you will be able to find many cases of lawsuits that were filed against jewelers who sell EGL diamonds by disgruntled consumers.
In short, any jeweler who is attempting to sell EGL diamonds to consumers are looking to rip them off. It’s as simple as that. Jewelers with integrity will NOT be selling EGL rated stone because it overstates quality and prices.
I see no reason for you to do business with an unethical vendor where there are many others out there.
Thank you for the informative website. I’m looking for a 5 carat princess cut diamond ring and I need your help in finding one. I value your opinion greatly. Could you make any good recommendations to help me out?
For princess cut diamonds, I usually recommend Blue Nile, White Flash and Brian Gavin because of their great craftsmanship standards. That said, a 5 carat princess cut diamond isn’t something that a vendor would usually carry in their inventory.
It may take some time to source for depending on what specifications you are looking for.
Anyway, I did a search and here’s a five ct princess cut from BlueNile that’s a good choice for consideration: https://www.bluenile.com/diamond-details/LD07690756
My 20th year anniversary is coming up in a couple of months and I plan to surprise my wife with a 5 carat solitaire diamond ring. She loves simple stuff and I think the classic Tiffany ring setting is something she’ll love.
This is the design from the website: http://tiffany.com/engagement/rings/the-tiffany-setting
Would you be able to recommend an identical design and a place where I could get it? Is it worth it to buy a D/IF diamond for as an investment as well?
Diamonds are poor investment vehicles and the prices of a D/IF diamond can be significantly more expensive than a G/VS1 diamond which will look identical to the naked eyes.
Unfortunately, you won’t be able to find a ring design that’s completely identical to the tiffany setting because of copyright issues. That said, almost every jeweler offers Tiffany inspired settings that look very similar to the original design. You may also want to check out this write up I did on where to find a tiffany style engagement ring without paying the brand premium.
As I mentioned in the write up above, it depends on the shape of the diamond you are interested in getting as different vendors will be good for different shapes. If you are looking for a 5 carat solitaire diamond ring with a round center stone, White Flash would be a vendor I recommend.
This is one of their most popular 6 prong solitaire settings: https://www.whiteflash.com/engagement-rings/solitaire/6-prong-solitaire-engagement-ring-by-vatche-1778.htm
I saw a 5 carat wedding ring with a princess cut center stone being listed on eBay for $41,334.20. There’s a current sale comprising of a $50,000 mark down from the usual price. Is this a good deal and worth it to buy?
Here’s the listing: http://www.ebay.com/itm/5-CARATS-WEDDING-DIAMOND-PRINCESS-SQUARE-RING-VVS1-14K-WHITE-GOLD-SOLITAIRE-/162261226360
In the industry, deals NEVER exist. Read this: https://beyond4cs.com/engagement-ring/beware-of-cheap-diamond-deals/
Sellers that offer deals are banking on the greed of uneducated consumers. This listing shows a clarity enhanced diamond and one that doesn’t have a proper grading report by a reliable lab. Don’t be foolish and fall prey to someone who is trying to a fast buck at your expense. It’s just not worth it. If you are looking for a high quality 5 carat wedding ring, there are many other vendors out there.
How big is a 5 carat diamond compared to another that weighs 5.4 ct? A jeweler offered me a 5 carat solitaire diamond ring price at $160,000 with a J color GIA report and another ring with 5.4 ct that was priced at $194,000.
It really depends on cut quality and the type of shape you are asking about. You can actually download and print a comparison chart that shows how big a 5 carat diamond is in real life. As for prices, the details of the 4Cs matter and will affect their value. Without knowing details, there’s nothing constructive I can tell you.