A 4-carat diamond ring can vary in price depending on a large variety of factors, including:
The 4-Carat Diamond's Overall 4C Grading
Carat weight is just one piece of the 4C puzzle that determines the overall price of a diamond. The other three categories, Clarity, Cut, and Color, can create a huge range of prices. For example, a 4-carat diamond engagement ring that scores the highest it possibly can within all three grades will be exponentially higher in price than a 4-carat diamond that has middling grades.
The Shape of the Diamond
A round diamond is the most expensive of all diamond shapes. This is because of two things. First, a round diamond ring is the standardized cut of diamonds and all round diamonds are graded on cut quality, unlike fancy-shaped diamonds. Second, a round diamond creates the most amount of rough diamond waste when it is faceted. So, to make up for this waste and take into account the demand for round-brilliants, round diamonds will cost more than other diamond shapes.
The Precious Metals Used in the Engagement Ring
When it comes to price, the more rare a material the more expensive it will be. And when it comes to precious metals, platinum is the rarest of them all. So expect to pay more for a platinum engagement ring then you would for a yellow gold setting or white gold ring.
The Style of the Engagement Ring
The engagement ring setting can have a large effect on price as many styles incorporate side stones or halos to complement the center stone and drive up the value of your ring.
Overall, you can expect to pay anywhere from $2,268 to $14,725 for the 4-carat diamond before choosing your setting.