1 Carat Natural Diamond Price in the Philippines
When it comes to buying a diamond, the Philippines is one of the top destinations for jewelry enthusiasts. With its rich culture and history in jewelry making, the country offers a wide range of high-quality diamonds at competitive prices. In this article, we will explore the current market price of a 1-carat natural diamond in the Philippines.
What Affects the Price of a 1-Carat Natural Diamond?
Before we dive into the prices, it's essential to understand the factors that affect the cost of a 1-carat natural diamond. These include:
Cut
The cut of a diamond is one of the most critical factors that affect its price. A well-cut diamond will refract light better, appearing more brilliant and fiery. The cut can increase the diamond's value by up to 50%.
Color
The color of a diamond is graded on a scale from D to Z, with D being the most colorless and Z having a noticeable yellow or brown tint. The rarer the color, the higher the price.
Clarity
The clarity of a diamond refers to the presence or absence of inclusions and blemishes. The clarity scale ranges from Flawless (FL) to Included (I), with FL being the highest clarity grade.
Carat
The carat weight of a diamond is a measure of its size. The larger the diamond, the rarer it is, and the higher the price.
Current Market Price of a 1-Carat Natural Diamond in the Philippines
Based on current market prices, here are some approximate prices for a 1-carat natural diamond in the Philippines:
Good Cut, G-H Color, SI1-SI2 Clarity
- PHP 150,000 - PHP 200,000 (approximately USD 3,000 - USD 4,000)
Good Cut, F-G Color, SI1-SI2 Clarity
- PHP 180,000 - PHP 250,000 (approximately USD 3,600 - USD 5,000)
Excellent Cut, D-F Color, FL-SI1 Clarity
- PHP 250,000 - PHP 350,000 (approximately USD 5,000 - USD 7,000)
Certified Diamonds
Certified diamonds, such as those certified by the Gemological Institute of America (GIA) or the International Gemological Institute (IGI), may command a higher price due to their authenticity and quality assurance.
Where to Buy a 1-Carat Natural Diamond in the Philippines?
There are several reputable jewelry stores and online marketplaces where you can buy a 1-carat natural diamond in the Philippines. Some popular options include:
- Greenhills Shopping Center: A popular shopping destination in San Juan, Metro Manila, known for its wide range of jewelry stores offering high-quality diamonds.
- Rustan's: A luxury department store with several branches in Metro Manila, offering a selection of high-end jewelry brands.
- Online Marketplaces: Websites like Caratlane and Blue Nile offer a wide range of certified diamonds from reputable sources.
Conclusion
When buying a 1-carat natural diamond in the Philippines, it's essential to consider the factors that affect the price, such as cut, color, clarity, and carat weight. By understanding these factors and doing your research, you can find a beautiful and high-quality diamond at a competitive price.
