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There really is not such a thing as an average price for a diamond as such. Diamonds are priced by 4 factors (the 4 Cs)--cut, clarity, color, and carat (weight). Cut refers to how well the diamond is cut. Clarity refers to the internal flaws the diamond might have. The more flaws the less it is worth. Color refers to the color of the diamond. A white diamond is worth considerably more than one that is yellowish. Finally carat weight refers to the size of the diamond. The bigger the diamond the greater the price.

You are asking for an average so if we assume an average cut, average color, average clarity, and a smaller size carat weight assuming more of those are sold than of the larger diamonds and if we assume just the diamond and no setting, then we can perhaps give you a rough idea of what the price might be.

Certainly, the most popular clarity would be one with very slight imperfections. The color of the average diamond would probably have some slight color when compared to a colorless diamond probably a J or I color. Cut would be good to very good rather than ideal.

Let us then assume a 0.5 carat diamond, J or I color, very good cut, with very slight imperfections. Blue Nile sells these diamonds for about $1100 to $1300 each.

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