The cost of a 2 carat diamond ring in South Africa varies widely depending on factors such as the type of diamond (natural vs. lab-grown), certification, cut, clarity, and ring setting. For a natural 2 carat diamond of excellent quality (GIA certified, I-colour or better, VS1 clarity or better), market research reveals an average price of around R167,800 at reputable jewellers, with some premium quotes reaching as high as R345,000 or more[4]. Designer options and top brands can further increase the price.
Lab-grown diamond rings provide a more affordable alternative. For example, a platinum ring set with a 2.5 carat lab-grown diamond is available for approximately R30,799, making high-carat statement rings accessible at significantly lower prices than natural diamonds[7].
Online and in-store offerings show 2 carat rings in a variety of designs and metal types, with lab-grown or alternative stones starting from roughly R52,000 in white gold settings, and high-end rings with premium diamonds exceeding R390,000[2]. The average spend for engagement rings in South Africa generally ranges between R30,000 and R40,000, but 2 carat diamonds—especially those with strong certifications and optimal characteristics—command substantially higher prices[8].
The popularity of unique cuts like oval and various custom settings is rising among South African jewellers, who offer handmade and locally inspired options across the price spectrum[6]. Established jewellers and online specialists, such as Cape Diamonds and Glamira, prominently feature 2 carat engagement rings within their premium collections[2][6].
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