Sotheby's, your best and most reliable resource for selling your diamond rings, necklaces, bracelets and other jewelry, holds the current auction record for the highest price paid for any diamond or jewel.

1.00 Carat Because it's the most popular weight, diamonds experience a price jump at 1.00 ct. The price jump is especially high for round diamonds, and, at this weight, you'll get the most savings by choosing a fancy shape. With a budget of $4,500, you can find a great one-carat diamond.

All over the world, India is deemed to be the region where diamonds are found at cheaper rates. This certainly has many other reasons as well. Ring Designs are made of diamonds which might be absolutely crystal clear ones.

The average price can range from $1,500 for a 0.5-carat diamond to $21,000 for a two-carat diamond. The truth is that answering this question is not easy because the price of a diamond can vary depending on a number of factors, including Clarity, Color, Cut, Carat, Shape and Fluorescence.