Budgeting for Beauty: Understanding the 3 Carat Oval Diamond Ring Price
In general, while looking for the perfect engagement ring, anyone should pay attention to the 3 carat oval shaped diamond ring as this would be the ring that adds elegance and brilliance. In addition oval diamonds have a conventional appeal thereby giving the wearer a modern piece of jewelry. In this article, you will learn all that is worth knowing about the 3 carat oval diamond ring price, what contributes to its cost, and where to get the most value for your money.
What Affects the 3 Carat Oval Diamond Ring Price?
The 3 carat oval diamond ring price isn’t fixed by the size of the carat alone. There are four major aspects that make up the cost which is the basic value and look of the diamond. These factors include:
Clarity Grade
Clarity describes the characteristics of internal or external flaws, which are called inclusions and blemishes. An increased clarity grade (for example, IF – Internally Flawless) that will raise the price for 3 carat oval cut diamond, while diamonds with naturally occurring inclusions of SI1 or SI2 classification will cost less. It’s important when buying a 3 carat diamond that you must consider the clarity of the diamond along with the look that you desire.
Diamond Shape
As compared to equal caratage oval cut diamonds are significantly cheaper than round cut diamonds. This is because round diamond demand goes through a high cutting degree, therefore the wastage of the diamonds is very high. Oval shaped diamonds have distinctive features, by elongating them, they make more use of the rough stone and you get more value per carat.
Diamond Certification
The Four Cs also influence the price of a diamond: One of them is the diamond grade origin from a trustworthy grading center that can be GIA or AGS among others. A certified diamond will come with a reported envelope which will indicate the cut, color, clarity, carat and other features of the diamond in order to ensure that the buyer has utilized his money appropriately. For example an oval shaped 3 carat diamond is slightly more expensive that a non-certified 3 carat diamond but the buyer should be advised to go for the certified one.
Approximate Range of a 3 Carat Oval Diamond Ring Price?
It must be understood that the 3 carat oval diamond ring price significantly depends on the certain parameters established in reference to a specific stone. Here’s a breakdown of what you can expect at different price points:
- Low Range (Approx. $20,000 – $30,000): Here one could get at least SI1 less than VG, SI2 less than VG and color less than G H-J. It will not shine so brightly, and it may not be as well cut, but it will have a very good glint. These settings’ kind are usually less complicated and commonly to be found in white gold or yellow gold.
- Mid Range (Approx. $30,000 – $50,000): At the mid-level, the hub will offer better color range starting from F and going down to H and a clarity that ranges from VS1 to VS2. The cut could be of a better quality and setting might be more complex incorporating pavé or halo styles, but metals to be utilized might be platinum or rose gold.
- High Range (Approx. $50,000 – $100,000+): At the higher end, you have perfectly cut, colorless to near-colorless (D-F) with high clarity levels ranging from internal flawlessness (IF) and very very slight inclusions (VVS1). The diamond itself will be whiter and will be marketed as having better brilliance; settings can be designed with more diamonds or gemstone details. Platinum settings are usually used in this range, along with designs that were made to order.
Conclusion
An oval shaped 3 carat diamond ring is a classic and elegant piece of jewel that will surely turn heads of anyone who sees the ring. The 3 carat oval diamond ring price can be different based on some additional characteristics like cut, clarity, color, and the type of setting, yet, knowing these aspects will let you make the right choice for any price range. This helps you to establish quality and certification when buying from a store or even when buying a piece of jewelry from a rated jewelry firm.