Are you thinking of buying a diamond ring as a special gift or token of your love? Do you know how much a diamond ring costs? There are many factors that influence the price of a diamond ring, from the size and quality of the stone to the type of metal in its setting.

Let’s take a look at some key points about diamond ring price in Singapore  so that you can make an informed decision when it comes time to buy.

The Four C’s of Diamond Pricing

When shopping for diamonds, consider what is known as the ‘four C’s’- carat, cut, colour, and clarity.

Carat is a measure of weight; the higher the carat weight, the more expensive it will be.

Cut refers to how well-proportioned and symmetrical the diamond is; this will affect how light passes through and reflects off it, giving it sparkle and shine.

Colour is self explanatory; white diamonds are more popular than yellow ones as they are seen as being more valuable.

Finally, clarity refers to any internal flaws or blemishes present in a diamond; flawless stones are rarer and more expensive than those with slight imperfections.

Types Of Metal Settings

Another factor that affects the diamond ring price in Singapore is the type of metal used in the setting.

Platinum settings are usually most costly due to their durability and beauty but gold settings can also add value if they have high gold purity levels (18 karats or higher). Silver settings tend to be less expensive than either platinum or gold but will still require regular cleaning and maintenance over time in order to preserve their luster.

Set Design and Labour Costs 

In addition to the actual cost of the diamonds themselves, you should also consider any additional fees associated with purchasing a ring. For example, labour costs for setting stones into rings vary depending on their complexity and design details like engraving or filigree work.

These fees will add up so make sure you take them into account when estimating your total budget for a new piece of jewellery.

Certification and Grading Reports 

When purchasing a diamond ring, it’s important to make sure that it comes with a certification from either AGS (American Gem Society) or GIA (Gemological Institute of America).

A certification guarantees that the stone is authentic and provides specific details about its cut, clarity, colour grade, and carat weight. In addition to certification reports, some jewellers offer grading reports which provide additional information about how well a stone is cut and polished as well as its potential flaws or blemishes.

Although not always necessary for making a purchase decision, these reports can be helpful if you want additional assurance regarding your stone’s quality or value.

Affordable Alternatives To Diamond Rings

If you don’t want to break your budget with an expensive diamond ring, there are other options available such as moissanite rings which look very similar but cost considerably less than traditional diamond rings do.

Other alternatives include lab-grown diamonds which offer a comparable level of quality at lower prices as well as cubic zirconia rings which provide plenty of sparkle without too much expense.

Takeaway

With so many factors influencing diamond prices, it can be difficult to determine exactly how much one should spend on a diamond ring—but those same factors also mean that shoppers have plenty of options no matter what their budget may be!

By understanding all the different pieces that go into determining cost—from carat weight to metal settings—you’ll be able to find just what you’re looking for without breaking your budget. So shop smartly and enjoy finding your perfect diamond ring!