How much is the price of a 5-carat diamond worth?

This is the case. The author has always been very ignorant that if a one-carat diamond is 10,000 yuan, then a five-carat diamond is 50,000 yuan. However, the author’s colleagues told me that this is not the case. So how much is the price of a five-carat diamond worth in RMB? This is how the author has always thought that if a one-carat diamond is 10,000 yuan, then a five-carat diamond is 50,000 yuan. However, the author’s colleague told me, not like this. So how much is the price of a 5-carat diamond worth? 　　 This depends on the output of diamonds. Although the global climate is gradually warming to meet the high temperature conditions that diamonds form in the depths of the earth, there are too many excavators and the land everywhere is loose. As a result, the output of five-carat diamonds has become less and less in recent years, even if you want to buy them, the prices have naturally risen. Ordinary one carat of diamonds cost 40,000 to 50,000, let alone 5 carats, and hundreds of thousands or millions of them are not surprising.　　　　 In the jewelry market, people buy most diamond rings of half carat or one carat, and the price is relatively easy to accept. Large diamonds such as five carats are generally rarely bought by people. One is that they can't afford it, and the other is that they are risky to wear and are easily targeted by thieves. A small number of people with strong economic power buy it for investment, wait for it to appreciate, or collect it as a symbol of identity and power.　　　　 But in the end the quality is determined. A diamond that meets the 4C quality standards (cut, clarity, weight, color) has a price of at least 1.6 million. Diamonds at this price are more frequently seen at the exhibition and less sold. Next, let's take a look at what new developments the diamond industry will have in 2019. First, China is the world's second largest diamond consumer market: 　　　　 Before 2008, the global diamond price had been rising at a rate of about 10% per year. For 20 years, its sales volume has also increased at a rate of 5% per year. After the outbreak of the financial crisis, the global economy has declined. At the same time, China has entered the consumption upgrade channel of the rapid rise of the middle class. As a symbol of dignity, wealth, eternity, and commitment, diamonds are favored by high-end and married consumers. This favor has also promoted the development and growth of China's diamond industry and diamond market. According to statistics from the Shanghai Diamond Exchange, the total amount of diamond transactions on the Shanghai Diamond Exchange reached 5.344 billion US dollars in 2017, a year-on-year increase of 20.09%, and the total transaction volume hit a record high. Compared with other countries, my country's diamond consumption surpassed Japan as early as 2010, becoming the second largest diamond consumption market after the United States.　　　　Second, first- and second-tier cities have increasingly rational diamond consumption, and expert brands are more trusted: 　　　　 In China, first- and second-tier cities have led the entire luxury consumption trend. Most brands also associate diamonds with luxury goods and invest heavily in first- and second-tier cities. The booming consumer demand for diamonds gave birth to many jewelry brands between 2008 and 2018. Brand competition has promoted the promotion of diamond consumption information. Chinese consumers have improved their understanding of diamonds and their consumption concepts have become more mature. Survey data shows that only 1% of consumers will be influenced by shopping guides when buying diamonds, 99% of consumers know more or less about diamonds, and 85% of consumers say they understand the 4C standards of diamonds, and they know diamonds. Those with value-preserving and value-added attributes accounted for half, 8% were feverish, and 6% were not familiar with diamonds. Price is not the main factor affecting consumer behavior. In contrast, consumers are more concerned about the cost-effectiveness of products. 69% of consumers said that when their consumer behavior is put into practice, they will shop around and consider the brand awareness, price, quality, after-sales and other aspects rather than simply considering the price factor; 21% of consumers Said to do their homework before buying, neither blindly follow big brands and trends, nor greedy for cheap, but value investment potential.　　　　 Compared with traditional jewelry brands, consumers are more inclined to choose diamond expert brands. On the one hand, the professionalism of the diamond expert brand is easier to gain trust. On the other hand, the expert brand's diamond sales, after-sales, maintenance, and maintenance services further strengthen the diamond consumption experience and are more worthy of trust.　　　　3rd, 3rd and 4th tier cities have huge diamond consumption space, and the brand strategy layout is sinking: 　　　　 If the first and second tier cities are the arena of diamond brands, then the third and fourth tier cities are virgin areas that have not yet been deeply developed. In 2016, the third- and fourth-tier cities with nearly 80% of my country's population accounted for 43% and 37% of total diamond consumption, respectively. The population advantage is self-evident.　　　　 With such a high proportion of consumption, the purchase rate of diamonds in third- and fourth-tier cities is far lower than that of gold. As the most important component of China's jewelry consumption, gold jewellery has a purchase rate of only 7-8% in all tier cities, while the purchase rate of diamond products in first-tier cities is 22% higher than that in third- and fourth-tier cities. It can be seen that, compared with gold products, diamond products in third- and fourth-tier cities still have huge market growth space.　　 The above is the author's summary for you about the price of 5 carat diamonds. The information comes from the Internet. If there is anything wrong, please understand. If you need diamond customization, please visit the official website of jewelry setting. Jewelry setting will serve you wholeheartedly!