Asked by: Brett Bañegilasked in category: General Last Updated: 12th March, 2020
Can I buy a diamond in South Africa?
Beside this, is it cheaper to buy diamonds in South Africa?
These are then cut and polished (most often outside of South Africa in countries such as India) and sold to smaller wholesalers or retailers around the world. Given that the value is added outside of South Africa, there is no sensible economic reason as to why diamonds should be cheaper in South Africa.
Furthermore, how much is a one carat diamond worth today? Rule of thumb: A 1-carat diamond can cost as low as $2,000 and as high as $25,000. That means a middle-of-the-range diamond should be $11,000 - $12,000. Sounds simple, but that is overpaying. A good value, good quality 1 carat diamond should cost you around $4,500 - $6,000.
Beside this, what is the cheapest country to buy diamonds?
India: The Haven of Diamond Cutters There are two main reasons why India is the cheapest country to buy diamonds: 1) importation taxes, and 2) retail mark-ups.
Are Diamonds cheap in Cape Town?
Cape Town is world-renowned for its impressive and affordable diamonds, but choosing one can be tricky. It's hard to know what to look for and it's always good to be armed with some basic knowledge before you arrive at a showroom.