Carat refers to the weight of a diamond, and the heavier it is, the more expensive it is. Nonetheless, we tend to focus on the size of a diamond when we talk carats because we want to see how big it is! For reference, this is what a three-carat ring looks like on a real girl's hand.
"There are people buying 50-point stones as a center stone, and there's people buying five carats. There's no right or wrong to that, depending on the chapter of your life, the economics, and your social environment," Dean said. "On James Allen, the average diamond sold is 90 points, just under one carat. And the average ring price is around $6,000." FYI: the average cost of an engagement ring comes around $7,789 for New York City residents.
