5 carat princess cut diamond rings are considered a statement piece due to their significant size and sparkle. The price for a 5 carat princess cut diamond typically ranges from $28,500 to over $230,000, depending on factors such as color, clarity, and cut quality[1][3][5]. Most diamonds in this size are at the higher end of the clarity and color scale, and premium stones command the highest prices.
For example, a VS1 clarity 5 carat princess cut diamond can be priced around $150,000, while stones with slightly lower clarity or color grades may be found at prices starting in the $28,500 range[1][3]. The average price observed by major market aggregators is around $94,000[5], but individual listings with ideal cuts or higher color grades may exceed this average significantly.
Cheaper options—typically in the $28,000–$40,000 range—will likely have visible inclusions (flaws) or less ideal proportions, which means they may not sparkle as brilliantly as higher-end diamonds[1][3]. When considering a diamond of this size, it’s crucial to balance the 4Cs (carat, clarity, color, cut) with your budget, as a lower price often reflects trade-offs in quality.
A 5 carat diamond is considered very large for an engagement ring and is sure to attract attention. The setting is also important—princess cuts have sharp corners that require protection. Popular settings that both highlight and secure larger stones include bezel, halo, and prong settings. Bezel settings provide the highest protection for the diamond’s corners[4].
For those seeking a more ethical or budget-friendly option, lab-grown 5 carat princess cut diamond rings offer comparable appearance and size at a significantly reduced price compared to natural stones[6].
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