5 Carat Diamond Buying Guide (All You Need To Know)
If you’ve been shopping for diamond engagement rings, you know how impressive a stunning 5 carat diamond is. The first thing you’ll notice is the size: it’s quite large. However, the 5 carat designation does not refer to the size of the loose diamond, neither does it refer to the diamond shape. Rather the carat size of a diamond refers to its weight, with 5 carats equaling 1 gram.
You may know by now that diamonds are priced according to their carat weight. For example, you might find a 4.06-carat diamond priced at $14,020 per carat. So, you only need to do the math to determine the actual price: 4.06 x $14,020 = $56,921.
The per carat prices of diamonds also go up when they reach a higher weight category. For example, you might find a 2 carat diamond with a price of $7,400 per carat, yet a very similar diamond weighing 3 carats might be priced at $9,980 per carat, which is a huge increase.
How Carat is Related to Price
The per carat prices of diamonds increase exponentially with an increase in weight for a couple of reasons:
- A higher carat weight diamond is more valuable.
- The per carat price increases within the weight category as well.
- Other factors that influence the price of a diamond are cut, color, and clarity
Interestingly, in looking at each weight category you will notice that per carat prices do not necessarily increase continually along with the increases in weight. This is because the price of diamonds is not so much driven by logic as emotion. If you’d like to save some money, see if you can find one just under the next weight category. If you’d ideally like a 5-carat diamond, search for a 4.90-carat diamond. You might get lucky and find a gorgeous stone with a price tag a lot lower than the price of a similar 5-carat diamond.
You should also be aware that there has recently been an increase in the number of people on the lookout for an “almost 5-carat diamond.” This level of interest also drives up the price of diamonds just below the 5-carat mark.
Best Places to Shop for a 5 Carat Diamond Ring
Well-cut 5 carat diamonds are quite rare and not often found in local jewelry stores. In fact, it’s almost impossible to find a hearts and arrows diamond in this weight category. If you do happen to come across a 5 carat diamond in a shop, it’s probably not very well cut, and this will greatly diminish its brilliance and overall beauty.
Online vendors are really your best bet for finding an impressive 5 carat diamond at a price you can afford. Personally, I would start with James Allen and Brian Gavin as those two often have the best selection when it comes to diamonds, including 5 carat diamonds. James Allen provides the most advanced imaging, which allows buyers to closely inspect every diamond from the inside out.
So far, they have enjoyed great success because their focus is on providing each and every customer with an outstanding shopping experience. They also have reasonable prices and the most amazing diamond imagery technology. Every diamond purchased from James Allen comes with an authentic GIA or AGS certification, the very best you can get.
Other Online Vendors
Other vendors would include Lebish & Co., who claim a competitive advantage because they are the most experienced when it comes to high-quality large diamonds. Although their specialty is actually fancy color diamonds, their abundant experience also extends to high-quality large colorless diamonds.
Blue Nile has a reputation for offering incredible diamond quality as well as very intricate and beautiful jewelry settings. They are also known for having the largest inventory of not only diamonds but also settings compared to other online vendors. Any diamond you buy from Blue Nile will have an authentic certification from GIA or AGS, and you can’t get better than that.
When deciding which diamonds to seriously consider, make sure you do the following:
- Verify that every 5-carat diamond you’re taking a look at has been certified by GIA or AGS.
- Only look at ideal cut diamonds with a GIA cut grade of Excellent. Diamond cut is the primary factor that will determine the stone’s ultimate beauty and brilliance.
The Distinction Between Diamond Carat & Diamond Size
The number of carats a diamond has is often mistaken as a measure of its size when in actuality it’s a measure of its weight. Diamond size is how large the diamond looks.
A larger looking diamond does not mean its carat weight is higher. In fact, the shape of the diamond has a lot to do with how large it appears.
For example, a 5 carat diamond ring in a princess cut will likely look larger than a 5carat diamond with a round brilliant cut like the one shown below. The same applies to a cushion cut diamond. These stones look very different in size although they have nearly identical carat weights.
(Image goes here)
Importance of the Clarity Grade of 5 Carat Diamonds
The 4 Cs of a diamond (cut, carat weight, color and clarity) are the determining factors in its overall beauty and brilliance.
The diamond’s clarity grade reflects the stone’s visual appearance. The more flaws it has the worse its clarity grade.
However, when you look at two stones with different clarity grades, like VS1 vs. VVS2, you can hardly see any difference with the naked eye. But you will definitely notice a difference in price. All else being equal, an eye-clean diamond with a lower clarity grade than flawless, will actually look flawless. But will certainly not come at the same price.
In my opinion, a 5 carat diamond should have at least a VS2 clarity grade because of its carat weight. Most flaws cannot be seen with the naked eye at this clarity grade, not even by diamond experts.
Color Grades for 5 Carat Diamonds
The GIA grades diamond color on a scale that runs from D to Z. A D-graded diamond is colorless and clear, whereas a Z graded diamonds is noticeably yellow or brown. James Allen has an article posted that explains that most people cannot really see a distinction between one color grade and the next. However, there is certainly a difference in price!
What you can see with the naked eye should be more important than the precise color grade. Ideally, you want your diamond to appear white compared to its setting. A diamond with a J color grade like in the image below will look white if it is set in yellow or rose gold.
A diamond with an H color grade will look colorless if it is set in platinum or any other precious metal, as seen in this platinum solitaire setting.
If you’re buying a 5 carat diamond, we recommend that you look at stones in the nearly colorless grades ranging from G to I. These stones will look colorless and clear white to the naked eye and will be far less expensive than diamonds ranging from D to F.
Whether you are shopping for an engagement ring or a wedding ring you should consider the following: To ensure that the 5-carat diamond you buy looks truly amazing, follow these three recommendations:
- Cut: Only look at ideal cut diamonds with a GIA cut grade of Excellent. Diamond cut is the primary factor that will determine the stone’s ultimate beauty and brilliance.
- Clarity: Your 5-carat diamond should have at least a VS1 or VS2 clarity grade because you will get the most value for what the naked eye can see. Most flaws are unnoticeable at these clarity grades.
- Color: look at stones in the nearly colorless grades ranging from G to I. These stones will look colorless and clear white to the naked eye and will be far less expensive than diamonds ranging from D to F. Should you choose a yellow gold ring setting instead of a white gold setting you can even go a bit lower.