What Are the Most Affordable Diamond Shapes in 2024?

How Diamond Prices Vary Depending on Shape

When choosing a diamond, the shape plays a significant role in determining its price. Each shape requires different attention to detail during the cutting phase, raw material, and yield from the rough stone, which all contribute to its overall cost. Round cut diamonds, for example, tend to be more expensive due to the higher waste created when cutting them. Other shapes, such as oval cut diamonds or cushion cut diamonds, preserve more of the raw diamond and are generally more affordable.

While many factors influence the final price, understanding how the shape impacts cost can help you make an informed decision and stick to your budget without compromising on style or quality.

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What Is the Most Expensive Diamond Shape?

The round brilliant cut consistently ranks as the most expensive diamond shape. Its premium price is attributed to the complexity of cutting and the high demand. In fact, a significant portion of the rough diamond is lost during the cutting process, driving up the cost per carat. Furthermore, round diamonds are often sought after for their classic look and symmetrical brilliance, making them a top choice for engagement rings, but at a higher price point.

If you’re set on a round diamond but mindful of your budget, you may consider reducing the carat size or opting for a lower clarity or color grade to keep costs manageable.

Most Affordable Diamond Shapes

For budget-conscious buyers, several diamond shapes offer a balance of beauty and affordability. Oval, pear, and marquise shapes tend to be more cost-effective because they require less rough diamond to produce, reducing material waste. These elongated shapes also give the illusion of a larger size, which can make your diamond appear bigger than its actual carat weight

1. Oval

Oval-cut diamonds offer excellent affordability compared to round-cut diamonds, making them a popular choice for budget-conscious buyers. Their elongated shape maximizes the diamond’s surface area, giving the appearance of a larger stone while requiring less raw material during the cutting process. This efficient use of the rough diamond helps keep costs lower, making ovals a stylish and cost-effective option without compromising on visual impact.

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2. Pear

Pear-cut diamonds are an affordable option for those looking to balance beauty and budget. Their unique teardrop shape not only creates a striking visual but also makes the diamond appear larger per carat, offering great value. Like other elongated shapes, pear diamonds preserve more of the rough stone during cutting, which reduces material waste and lowers overall costs. This combination of elegance and affordability makes the pear shape an appealing choice for buyers seeking something distinctive without overspending.

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3. Marquise

Marquise-cut diamonds are known for their affordability, offering a bold and elegant look at a lower cost compared to other shapes. The elongated, pointed ends of the marquise cut maximize the visible surface area, making the diamond appear larger than its actual carat weight. Additionally, the marquise shape allows for efficient use of the rough diamond, minimizing waste during the cutting process. This efficiency helps keep prices more affordable, making marquise diamonds a smart and budget-friendly option for those seeking a unique, eye-catching design.

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4. Cushion

Cushion-cut diamonds are another affordable option, blending vintage appeal with a lower price tag. They are less expensive to cut than round-cut diamonds but still offer an elegant and timeless look. Similarly, emerald-cut diamonds, with their clean lines and larger table surface, tend to be priced lower, especially in smaller carat sizes.

Actual Diamond Image

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Learn more about diamond shapes and access educational resources to guide your diamond purchase at PriceScope Education

Final Thoughts

Choosing the right diamond shape can significantly impact the cost of your purchase. While round diamonds are the most expensive due to their high demand and cutting requirements, more affordable options like oval, cushion, and emerald cuts provide both value and style. By considering shape alongside other factors like carat weight and clarity, you can find a diamond that fits both your taste and budget. With the variety of affordable shapes available in 2024, you’re sure to discover one that reflects your unique style without breaking the bank.

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