On average, South Africans spend around R30,000 to R40,000 on wedding rings. After R35,000, the number of people willing to spend huge money drops, and over 60% of South Africans will not buy an engagement ring for more than R10,000.
How much does a 1 carat diamond cost?
a 1.00ct round brilliant cut, G color, SI1 clarity, superb cut A GIA-certified diamond will cost around $6850 with VAT (R106,183). A 1.01ct H color, SI1 clarity, GIA-certified princess cut diamond will cost around $4584 including VAT (R71,049).
How much does a diamond cost in South Africa?
The current diamond price per carat in South Africa is ZAR 13,617.29, the current diamond price per 50 milligram in South Africa is ZAR 324, the current diamond price per 100 milligram in South Africa is ZAR 6,808.64, and the current diamond price per 150 milligram in South Africa is ZAR 10,212.96.
Is it less expensive to buy diamonds in South Africa?
South Africa’s labor costs are also comparatively low, which can drive diamond prices down. Diamond wholesalers purchase diamonds from mines and resell them to jewelers. The prices mentioned are wholesale pricing, which are significantly lower than retail costs.
How can you know whether a diamond is genuine?
Most diamonds will exhibit blue fluorescence under a black light, resulting in a medium to intense blue tint, indicating that the diamond is genuine. If you don’t detect the blue color and instead see a slight green, yellow, or gray fluorescence, it’s likely the gem isn’t a genuine diamond.
How do you put a diamond to the test?
Draw a small dot with a pen on a white piece of paper on a flat surface. Place the stone on the dot, flat side down. Look down onto the paper through the pointed end of the diamond. If you detect a circular reflection within the gemstone, it is a fake.
