Quick and Easy Buying Guide
Carat weight: 1 carat = 200 milligrams = 6.5 mm diameter. Doubling weight doesn't double diameter.
Diamond clarity: FL/IF/VVS/VS = super expensive, near perfect. SI = best value if you can check a photo for obvious inclusions (defects).
Color: D-G = colorless, expensive, only if you have money to burn. H-J = best value. Can go lower in gold metal settings than white metal.
Cut: Better cut ratings let more light into a diamond, making it sparkle more. Very important property, don't skimp here.
Set a budget and minimum cut (Premium). Go J color for gold and I/H for white metals. Go searching for SI1/SI2 clarity diamonds at James Allen. Pick a diamond with small/no inclusions. Choose a ring setting and buy it risk-free (60-day returns).
1.01 Carat Diamonds
A 1.01 carat diamond is also described as a 101 point diamond.
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How much of a change do you think you can detect with the naked eye by going from a 2.00 carat stone to a 1.98 carat stone? I can't, which is why i would recommend checking out the slightly smaller stones due to them often being priced a lot lower than the others, for no really good reason.
You shouldn't really worry about this, but the average size of a diamond in a diamond engagement ring, at least within the united states, is about half a carat.
Adversity is the diamond dust Heaven polishes its jewels with. Thomas Carlyle .
Note when looking at total diamond weight, some of the online stores such as blue nile will give a total diamond weight for a pair of stud earrings, but the actual total diamond weight will only approximately be what is specified - check the fine print to avoid being caught out. A large diamond which has a huge crack down the middle, or alternatively a big yucky looking inclusion, is not a good look - it looks like someone has gone for size and sacrificed all the other desirable properties of the diamond. Clarity, for example, can be just as important in picking a diamond.