Which country has the cheapest diamonds?

For the cheapest diamonds, India (Surat/Mumbai) and Belgium (Antwerp) are top contenders due to massive cutting/polishing industries and efficient supply chains, but Dubai can also offer significant savings, while Israel (Tel Aviv) provides direct access to large inventories, with prices varying by retailer, certifications (GIA/IGI), and tariffs, making online research crucial for best value.

Which is the cheapest country to buy diamonds?

Dubai is deemed as one of the cheapest places to buy diamonds and rightly so. There's a reason that it is regarded as one of the world's top three diamond trading centers—the other two being India and Belgium.

Which country has the best quality diamonds?

For those seeking the finest diamonds, Switzerland offers a level of refinement that is unmatched, making it a top destination for luxury diamond shopping. Belgium, particularly the city of Antwerp, is a cornerstone of the global diamond trade.

Which country is the best place to buy a diamond ring?

Belgium: The Historic Diamond Trading Capital

Antwerp, Belgium, is often considered the epicenter of the global diamond trade. Home to the famed Antwerp Diamond District, the city processes over 80% of the world's rough diamonds and approximately 50% of all polished diamonds.

Where's the best place to buy diamonds?

Editor's Picks

• Best Place To Buy Diamonds Overall: Brilliant Earth.
• Best For Engagement Rings And Wedding Jewelry: Blue Nile.
• Best For Lab-Grown Diamond Jewelry: Vrai.
• Best For Affordable Diamond Jewelry: Mejuri.
• Best For Everyday Diamond Jewelry: Stone And Strand.
• Best For Diamond Jewelry Gifts: Kendra Scott.

I’m a Jeweler, Here’s How I Buy My Own Diamonds (and Save Big!)

How much do 1 carat of diamonds cost?

A 1 carat diamond's price varies widely, from a few hundred dollars for lab-grown or lower-quality natural stones (around $300-$2,000) to over $10,000 for high-quality natural diamonds (e.g., $6,000-$10,000 for good quality, up to $12,000-$18,000+ for excellent quality D-F color/IF clarity). The price depends heavily on the "4Cs" (Cut, Color, Clarity) and origin (natural vs. lab-grown), with round shapes typically costing more.

Which country is no. 1 in diamond?

Which countries are the biggest diamond producers?

• Russia tops the list with a production level of around 37.32 million carats in 2023 – an 11% decrease from the previous year.
• Botswana, the second-largest producer, mined 25.1 million carats, which is a 2% drop from 2022.

What quality are Costco diamonds?

We guarantee that all diamonds supplied by Costco Wholesale have a clarity to be "VS2" or better and color to be "I" or better as outlined by the industry standard in the Gemological Institute of America (GIA) grading guide. Costco sells diamonds with a cut grade of Good to Excellent.

Why are diamonds cheaper in Dubai?

Yes, diamonds are generally cheaper to buy in Dubai. The absence of taxes and import duties lowers the cost significantly. Dubai is renowned for its luxurious shopping experiences and tax-free shopping environment. This makes it a prime destination for purchasing diamonds.

Are Russian diamonds good quality?

Benefits to buying Russian diamonds

Jewelers often sought out stones from cutters whose craftsmanship aligned with high-end, luxury aesthetics. Over time, these cutting traditions developed reputations for producing diamonds that were durable, well finished, and capable of lasting for generations.

How much are diamonds in Dubai?

Diamond Price in Dubai in 2025

A 1-carat diamond costs between AED 16,500 – AED 22,000 ($4,500 – $6,000). Premium stones like VVS1 clarity, excellent cut can exceed AED 40,000 ($11,000). Modest options such as SI2 clarity, fair cut diamonds may cost around AED 9,000 ($2,500).

What are the top 3 most expensive diamonds?

This list showcases the most expensive diamonds in the world, each a symbol of opulence and prestige.

• Kohinoor – Priceless. ...
• The Cullinan Diamond – $400 million. ...
• The Hope Diamond – $350 million.
• De Beers Centenary – $100 million + ...
• The Pink Star Diamond – $71.5 million. ...
• The Regent Diamond – $60 million+

Why are diamonds from India so cheap?

Here's what most people don't know. Nearly 95% of the world's diamonds are cut, polished, and graded in India—primarily in Surat. It's not just about lower labor costs—it's about unmatched skill, speed, and scale.

What country has the rarest diamonds?

Red diamonds are the rarest and some of the most expensive in the world. Also known as Fancy Reds, they come in a variety of shades ranging from orange-red to brownish red. Majority of the world's red diamonds come from the Argyle Diamond Mine in Australia.

Which is the lowest price of diamonds?

Here is a detailed look at current market pricing:

• Small diamonds (0.30 ct – 0.50 ct): ₹40,000 – ₹1,20,000. Ideal for small engagement rings or simple jewellery pieces.
• 1-carat diamonds: ₹1.5 lakhs – ₹7 lakhs+. ...
• High-quality premium diamonds (1.5 ct and above): ₹7 lakhs – ₹15 lakhs+.

Do Costco diamonds sparkle?

Each diamond is meticulously selected for its exceptional quality and radiant sparkle, ensuring that you shine brightly on every occasion. Explore a world where craftsmanship meets beauty, and let your jewelry journey begin with these stunning treasures that stand as a testament to enduring glamour.

Are Macy's diamonds worth it?

We would not recommend purchasing your engagement ring (or other diamond jewelry) from Macy's. Their selection is poor, the jewelry underwhelming and the price is too high to consider getting something from them. You are better off purchasing from one of the best online jewelry stores like James Allen or Blue Nile.

In which country is diamond very cheap?

Top Countries for Cheap Diamonds

• India – Thanks to local diamond cutting factories and low labor costs, India's diamond prices are often more wallet-friendly than most Western countries. ...
• Dubai, UAE – Dubai is a go-to spot for buying tax-free diamonds. ...
• Belgium (Antwerp) – Antwerp is a global hub for diamond trading.

Are Canadian diamonds good quality?

beyond their ethical sourcing, canadian diamonds are renowned for their exceptional quality. the harsh arctic conditions where these diamonds form create gems with remarkable clarity and colour characteristics. canadian diamond mines produce a higher percentage of gem-quality stones than many other regions.

What country is the diamond capital of the world?

A place of profound importance for the international diamond trade, Belgium's biggest port has rightfully earned its place as the capital of the world's diamond business. Antwerp has been known as the diamond capital of the world for several centuries, a title which hasn't been easily earned.

Is a 2 carat diamond too big?

A 2-carat diamond isn't inherently "too big"; it's considered large and bold compared to the average but whether it's too much depends entirely on personal style, finger size, lifestyle (does it get in the way?), and setting, as it can look stunningly luxurious or potentially overwhelming, with many finding it a beautiful "sweet spot" for a significant statement piece.
 

How can you tell if a diamond is real?

To tell if a diamond is real, use at-home tests like the fog test (fog disappears quickly) or water test (real diamonds sink) and look for inclusions under magnification; however, for definitive confirmation, consult a professional jeweler, as lab-created diamonds and some simulants can fool home tests. The most reliable method involves checking for a microscopic inscription and getting an expert appraisal.