What is the Average Cost of a Diamond? Average Diamond Price

Diamonds are the most rare and invariably one of the most expensive stones in the world. The price of diamond largely depends on the size of the stone. If the diamond is a solitaire piece, its price will multiply in comparison to smaller pieces. The average cost of a basic diamond ring for the purpose of engagement with a small diamond in the center and the setting made of 22 carat gold is about $125 - $600. The price increases with the enhancement of the quality and color of the diamond.