Not only are diamonds a sign of wealth, but they are also a big expense. Both sellers and investors need to know how much diamonds cost in Pakistan. This Article thoroughly examines diamond prices, the things that affect these prices, and other useful information for people interested in diamonds.
Current Diamond Rates in Pakistan
| Diamond Weight | Price Range (PKR) |
|---|---|
| 0.50 carat | 50,000 – 100,000 |
| 1.00 carat | 100,000 – 300,000 |
| 1.50 carat | 300,000 – 500,000 |
| 2.00 carat | 500,000 – 1,000,000 |
Diamond Rates by City
| City | 0.50 Carat (PKR) | 1.00 Carat (PKR) | 1.50 Carat (PKR) | 2.00 Carat (PKR) |
|---|---|---|---|---|
| Karachi | 55,000 – 105,000 | 105,000 – 310,000 | 310,000 – 510,000 | 510,000 – 1,020,000 |
| Lahore | 53,000 – 102,000 | 102,000 – 305,000 | 305,000 – 505,000 | 505,000 – 1,010,000 |
| Islamabad | 54,000 – 103,000 | 103,000 – 307,000 | 307,000 – 507,000 | 507,000 – 1,015,000 |
| Faisalabad | 52,000 – 100,000 | 100,000 – 300,000 | 300,000 – 500,000 | 500,000 – 1,000,000 |
| Rawalpindi | 53,000 – 101,000 | 101,000 – 302,000 | 302,000 – 502,000 | 502,000 – 1,005,000 |
| Quetta | 51,000 – 98,000 | 98,000 – 295,000 | 295,000 – 490,000 | 490,000 – 980,000 |
| Multan | 54,000 – 104,000 | 104,000 – 308,000 | 308,000 – 508,000 | 508,000 – 1,016,000 |
| Hyderabad | 52,000 – 100,000 | 100,000 – 300,000 | 300,000 – 500,000 | 500,000 – 1,000,000 |
Factors Affecting Diamond Rates
Carat Weight: Diamonds that are bigger cost more.
Cut Quality: A better cut makes a diamond shine brighter.
Colour Grade: Diamonds that are closer to colourless cost more.
Clarity: Prices go up when there are fewer flaws and features.
Market Demand: When demand is high, prices can go up.
Economic Conditions: Diamond prices are affected by inflation and the value of different currencies.
Supply: When supplies are low, prices can go up.
Modern Uses of Diamonds
Diamonds are famous for being beautiful and valuable in jewellery, but their unique physical qualities also make them useful in many other fields. Here is a short list of what they are used for today:
| Application Area | Use Case | Description |
|---|---|---|
| Industrial | Cutting and Grinding | Used in tools for cutting, grinding, and drilling due to hardness. |
| Drilling | Drill bits with diamond tips for stone and concrete that are very hard to cut through. | |
| Polishing | Needed to polish other gems and hard surfaces. | |
| Medical | Scalpels and Surgical Instruments | Surgical tools with great accuracy. |
| Eye Surgery | Diamond knives are used for delicate eye surgeries. | |
| Electronics | Semiconductors | Used in high-performance semiconductor devices. |
| Heat Sinks | Excellent thermal conductivity makes them ideal for heat management. | |
| Optical | Lenses | Used in high-precision lenses and optical components. |
| Windows | Space telescopes and high-pressure experiments use diamond windows. | |
| Scientific Research | High-Pressure Studies | Used in anvil cells to create high-pressure situations and Cons of Investing in Diamonds |
Read Also: Latest Silver Rates in Pakistan
Pros
High Value: Diamond value lasts.
Portability: Diamond value endures.
Diversification: Adds variety to an investment portfolio.
Durability: Wear-resistant.
Cons
High Initial Cost: Expensive to purchase.
Market Volatility: Prices can fluctuate.
Liquidity: Slower to sell than other investments.
Complex Valuation: Value assessment requires competence.
Conclusion
Diamonds are a good purchase in Pakistan because they last a long time and look good. But market rates and what makes them change must be known. If you know what you’re doing and are careful, diamonds can be a good purchase.
FAQs
1. How often do diamond rates change?
Rates for diamonds can change a lot depending on the market, demand, and the economy.
2. Where can I buy diamonds in Pakistan?
In big towns like Karachi, Lahore, and Islamabad, you can buy diamonds from trustworthy jewellers.
3. Are diamonds a good investment?
Before you buy a diamond, make sure you know what the market is worth and only buy from reliable sources.
4. What should I look for when buying a diamond?
Consider the 4 Cs: Carat, Cut, Color, and Clarity. These factors determine a diamond’s value and quality.
5. Can I resell my diamond easily?
While diamonds retain value, reselling can be challenging and may require appraisal and certification.
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