How Much Is A 56 Carat Diamond Worth? (Answered)

Last Updated on May 16, 2022

Diamonds are a girl’s best friend, and rightly so because they are shiny and valuable. These precious stones are weighed in carats, and they can go to hundreds of carats, depending on what you want. So if you want a diamond ring, and you are looking for a 56-carat one, you are in the right place.

Here is a guide to help you understand the worth of 56-carat diamonds.

How Much Is A 56 Carat Diamond Worth?

Depending on the manufacturer and other factors, a 56-carat diamond can easily be worth millions of dollars. For example, The Hope Diamond is one of the most valuable diamonds in the world, and it has an estimated value of more than thirty million dollars. The most comparable diamond to this is a 56-carat diamond.

Such a diamond was sold at Christie’s, and its worth was more than $9 million. So, these diamonds can have a high value, depending on where they are sold and how they are manufactured. Clarity is also another factor that will determine the worth of these diamonds in no time.

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How Much Is A 10 Carat Diamond Worth?

Of course, not everyone has millions of dollars for a 56-carat diamond. That is why opting for the 10 carats can be an affordable option for you. The average wholesale price of the GIA Certified 10-carat diamond could range between $167,000 and $2,000,000.

The retail price of these diamonds tends to be much higher. If you are going through a retailer, you will be paying a premium price. That is why you must ensure that you have enough money to purchase such an expensive diamond.

What Is An Uncut Diamond?

If you want to invest in diamonds, you can also opt for uncut diamonds. These diamonds are raw, and a professional cutter has not given them a specific shape or form. Besides that, such diamonds have also not gone through a polishing process.

Once the diamonds have been mined, their quality is superior. But, professionals need to cut and polish these diamonds so that they can be added to jewelry pieces. That is why it might not be easy for you to find an uncut diamond in its raw state.

How Do You Identify A Genuine Raw Diamond?

It is important to understand that the raw diamond you are getting is genuine. You can do a simple test to understand the authenticity of the raw diamond. For example, you can fill a clear and normal size drinking cup with water up to a level of ¾.

After that, you can drop the stone you have in your hand inside the glass. If the stone sinks, then you have a genuine raw diamond on your hands. On the other hand, if the stone begins floating, then it means you have a fake diamond.

Is An Uncut Diamond Worth Anything?

An uncut diamond will have a lower value than a cut and polished diamond. The biggest appeal of buying a rough and uncut diamond is that they are less expensive, which is why they are a low-cost investment. For example, you can easily find a one-carat uncut diamond ring for a few hundred dollars.

On the other hand, a cut diamond of the same size and carat will cost you a few thousand dollars. So, if you are looking to purchase an affordable diamond, you can opt for the uncut diamond. The only difference is that these are not as polished as the cut diamonds.

How Much Is A 9 Carat Diamond Worth?

A 9-carat diamond can easily range between $20,000 and more than $1 million. Of course, the worth will depend on the clarity, color, and cut. On the other hand, colorless diamonds and flawless clarity are rare as only 0.001% of mined diamonds have such features.

That is why a high-quality diamond of 9 carats can easily be worth more than $200,000. Remember that the cost of the same diamond in an uncut state will be less. That is why if you are looking to save money on the investment, you can always opt for the uncut version of the same diamond.