1 Carat Diamond Price in India 2017: An Overview
Introduction
Diamonds are considered one of the most valuable and coveted gemstones in the world. The price of diamonds is determined by several factors, including carat weight, cut, color, and clarity. In India, the demand for diamonds is high, especially for jewelry and investment purposes. In this article, we will discuss the prices of 1 carat diamonds in India in 2017.
Factors Affecting Diamond Prices
Before we dive into the prices of 1 carat diamonds in India, it's essential to understand the factors that affect diamond prices. These include:
- Carat Weight: The weight of the diamond, with higher weights commanding higher prices.
- Cut: The cut of the diamond, which refers to its proportions, symmetry, and polish.
- Color: The color of the diamond, with colorless diamonds being the most valuable.
- Clarity: The clarity of the diamond, which refers to the presence or absence of inclusions and blemishes.
1 Carat Diamond Price in India 2017
In 2017, the prices of 1 carat diamonds in India varied depending on the factors mentioned above. Here are some approximate price ranges for 1 carat diamonds in India in 2017:
- Low-quality 1 carat diamond: ₹2,50,000 to ₹3,50,000 (approximately $3,750 to $5,250 USD)
- Mid-quality 1 carat diamond: ₹4,00,000 to ₹6,00,000 (approximately $6,000 to $9,000 USD)
- High-quality 1 carat diamond: ₹8,00,000 to ₹12,00,000 (approximately $12,000 to $18,000 USD)
- Premium 1 carat diamond: ₹15,00,000 to ₹20,00,000 (approximately $22,500 to $30,000 USD)
Certification and Authentication
When purchasing a diamond, it's essential to ensure that it is certified by a recognized organization, such as the Gemological Institute of America (GIA) or the International Gemological Institute (IGI). Certification ensures that the diamond is genuine and meets certain quality standards.
Conclusion
In conclusion, the prices of 1 carat diamonds in India in 2017 varied depending on factors such as carat weight, cut, color, and clarity. When purchasing a diamond, it's essential to consider these factors and ensure that the diamond is certified by a recognized organization. By doing so, you can be confident that you are getting a high-quality diamond at a fair price.
