Diamonds of 5 carats in weight are unique, and their cost typically ranges between $40,000 and $400,000, with certain exceptions. Additionally, the cost of the stone is separate from the cost of the setting. A 5-carat diamond engagement ring can cost as much as $500,000.
There are several choices when it comes to the actual cut of the diamond. The princess cut is a popular selection for engagement rings, along with the radiant and emerald cuts. The heart-cut diamond is a great option for Valentine's Day and wedding anniversaries, and the cushion-cut diamond is one of the most common and classic designs.