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If you are reading this piece of writing then I assume you are looking forward to purchasing a 5 carat diamond ring for your loved one.

You would be surprised about how much of a cost difference you will find from a store to store. In this short article, I will give you some tips which can potentially save you thousands on your diamond ring. In addition, at the end of this article I reveal a list of the most reputable online wholesalers that only deals in top quality diamonds.

The price of diamonds seems to significantly increase once you hit let's say 5 carats vs a 4.70 carat diamond although you can't view the difference in size between the two. That is my first tip, get a diamond that is slightly less than 5 carats, and you could end up cutting down thousands quite literally.

Another factor that affects the price of diamonds is their quality. In the diamond world, it is called the 4 C's that stands for cut, clarity, color and carat. It is very important to be aware of these different factors of diamond grading in order for you to understand what type of diamond you want. Moreover, further in this article I will have a link to a website where you can find out more about this.

You are considering spending anywhere between 30K and 80K for a 5 carat diamond ring, you then still need to buy the setting. As you could see there is a big difference between $30 000 and $80 000 and that difference lies in the grade of diamonds. If you are going to spend the money on a 5 carat diamond ring then I would get a decent quality diamond that is licensed by the GIA. This will allow the diamond to hold its value and could be looked at as an investment.

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