Natural Diamond Prices – April 2023

PriceScope is your go-to resource for learning about the current state of the diamond market. We discuss how socio-economic implications such as the current recession affect consumer buying behavior and the price of natural diamonds.

The current natural diamond market is highly competitive and consumers must be aware of potential price fluctuations when shopping for natural diamonds. It is important to do research before making a big ticket purchase. Keeping an eye on market trends when buying natural diamonds assists shoppers with making an educated buying decision.  

Let’s take a closer look at how the economic activity throughout March had an effect on the Popular Diamond Shapes Chart and the state of Natural Diamond Prices for April 2023:

Where to buy loose diamonds: For the highest quality diamonds try Whiteflash, Continental Diamond, James Allen, and Blue Nile they all have fantastic selections of loose diamonds.


Top 5 Popular Diamond Shapes

Round diamonds continue to be the most popular shape of diamond on the market making up 81.97% (popularity) and increasing by 0.49% in popularity since March 2023. Cushion increased by 8.49% (popularity) remaining in second place. Oval remains in third place but has decreased in popularity by 6.17%. Emerald has increased in popularity by 1.16% and continues to sit in fourth place. Radiant continues to sit in fifth place although decreasing in popularity by 9.95%. Overall, there are no placement changes to the Top 5 Popular Diamond Shapes since March 2023. 


Average Price Per Carat For a Round Diamond - April 2023
Round Diamond Price Changes For The Last 3 months
Diamond Carat Sizes2/1/20233/1/20234/1/2023
0.0 – 0.52 % 7 % 2 % 
0.5 – 1.0-1 % 2 % -1 % 
1.0 – 2.01 % 3 % 0 %
2.0 – 3.02 % 7 % -1 % 
3.0 – 4.03 % 5 % -1 % 
4.0 – 99-1 % 0 %-1 % 

This April the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $8,140 compared to March which was an average price of $8,092. The average price per carat for round diamonds has increased by 0.59% since last month. 

The current average and lowest prices per carat are shown in PriceScope’s diamond price charts by carat and their corresponding color and clarity.

We advise consumers to keep in mind that cut quality and vendor services such as upgrades and returns can make a significant difference in the price point when shopping for loose diamonds. PriceScope has been collecting retail diamond prices since 2007 of over 1,000,000 diamonds currently in the database. PriceScope diamond price chart page shows the full diamond price charts for rounds and other fancy shapes. We update the diamond prices on a monthly basis. Keep an eye out for May’s diamond prices. 

Based on your knowledge of the natural diamond market. What are your predictions for the natural diamond market in 2023? Do you have any questions regarding diamond prices? Ask an expert! Simply click the comments button below.

Whether you’re actively shopping for natural diamonds or just browsing – Check out the PriceScope Diamond Search.

Written by PS Admin

Latest Publications on Diamond Prices April 2023:


Market Comment

Diamond market quiet over Passover and Easter holidays. Slow trading also reflects US economic caution as polished prices continue to decline: 1 ct. RAPI -1.6% in March.

US Polished Imports Decline at Start of Year

US polished-diamond imports fell 12% year on year to $1.6 billion in January, the fourth consecutive month of year-on-year declines, according to recent data from the Commerce Department. Those drops — reflecting weakened consumer demand in the final months of the year — followed 19 successive months of growth. Full-year polished imports jumped 19% to $22.97 billion in 2022 as the sector continued its recovery from the Covid-19 pandemic.

GCAL Launches 8X Grade for Proprietary Cuts

Gem Certification & Assurance Lab (GCAL) has expanded its 8X cut grade to patented and specialty diamond shapes in collaboration with a Singapore jewelry retailer.


How Inflation is Impacting the Diamond and Jewelry Industry

Running a successful business is challenging enough – between managing inventory, keeping expenses down and managing the day to day.  But being at the mercy of external and often unpredictable factors, such as inflation, that directly impact on demand, and the cost and availability of goods can be daunting.


GIA Reintroduces Paper Certs after Backlash

GIA has bowed to pressure and says it will re-introduce paper certificates, at no extra cost, as of Sunday (9 April).

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