24 Carat 1 Gram Diamond Price in India
Overview of Diamond Prices in India
Diamonds are one of the most coveted precious stones in the world, and their prices can vary greatly depending on several factors such as carat weight, clarity, cut, and color. In India, the demand for diamonds is high, particularly for high-quality stones with excellent clarity and cut. In this article, we will discuss the price of 24-carat 1-gram diamonds in India.
What is 24 Carat Gold?
Before we dive into the price of 24-carat 1-gram diamonds, it's essential to understand what 24-carat gold means. 24-carat gold is pure gold, meaning it contains 99.9% gold content. In the context of diamonds, 24-carat refers to the highest level of purity, which is equivalent to D-F color grade on the Gemological Institute of America (GIA) color scale.
Factors Affecting Diamond Prices
Several factors influence the price of diamonds, including:
Carat Weight
The weight of the diamond is one of the most significant factors affecting its price. The heavier the diamond, the higher the price.
Clarity
The clarity of a diamond refers to the presence or absence of inclusions and blemishes. Higher clarity grades result in higher prices.
Cut
The cut of a diamond refers to its proportions, symmetry, and polish. A well-cut diamond refracts light better, resulting in a higher price.
Color
The color of a diamond is graded on a scale from D (colorless) to Z (light yellow or brown). Higher color grades result in higher prices.
Price of 24 Carat 1 Gram Diamond in India
The price of a 24-carat 1-gram diamond in India can vary depending on the factors mentioned above. However, based on current market trends and prices, here are some approximate price ranges:
- Low Clarity (I-J color, SI2-SI3 clarity): ₹ 2,50,000 - ₹ 3,50,000 per carat
- Medium Clarity (G-H color, SI1-SI2 clarity): ₹ 3,50,000 - ₹ 5,00,000 per carat
- High Clarity (D-F color, IF-SI1 clarity): ₹ 5,00,000 - ₹ 7,50,000 per carat
For a 1-gram (0.00220462 carats) diamond, the approximate prices would be:
- Low Clarity: ₹ 5,500 - ₹ 7,500
- Medium Clarity: ₹ 7,500 - ₹ 10,000
- High Clarity: ₹ 10,000 - ₹ 15,000
Conclusion
The price of a 24-carat 1-gram diamond in India can vary greatly depending on the clarity, cut, and color of the stone. While these prices serve as a rough guide, it's essential to research and compare prices from different jewelers and diamond dealers to find the best value for your money.
