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Diamond rings can vary from a few hundred pounds to tens or hundreds of thousands (and even into the millions) depending on the metal choice as well as the four C’s – cut, clarity, colour, and carat. These factors hold a lot of influence over the price of the diamond.
Diamonds, along with precious metals, do fluctuate in value. Diamond prices can go up in value but they tend to do so over long periods of time.
According to a study from 2021, the average carat size for an engagement ring was 1.5ct. However, in the same study, it was found that the size of the ring was not as much of an important factor as the cut and shape of the diamond.
Yes! Diamonds are the hardest material on the planet so won’t get damaged by everyday wear. However, you may want to be careful if you do lots of exercise or activities as, although it's unlikely to get damaged, you don’t want to lose it. If your diamond ring does get damaged or lost, any good jewellery insurance should cover it.