On average, a one-carat diamond ring ranges from as low as $2,500 to as high as $18,000, depending on the stone's cut, clarity, color, and carat weight. A 2-carat diamond ring typically costs between $8,400 and $58,000, while a 3-carat diamond ring runs between $21,000 and $153,000.

If you're looking for an engagement ring under $10,000 then I would recommend that you go with something around 0.90-1-carat and 1.5-carat stones depending on your budget and what quality of diamond suits it best! A 2-carat diamond or slightly bigger diamond may be possible if the grade isn't too high.

The industry had been one of the great winners of the global pandemic, as stuck-at-home shoppers turned to diamond jewelery and other luxury purchases. But as economies opened up, demand quickly cooled, leaving many in the trade holding too much stock that they'd bought for too much money.

Diamond Jewelry Consignment 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.