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The Diamond Necklace Buying Guide

By Michael Fried
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Very little compares to the beauty of a fine diamond necklace. Necklaces are among the most elegant and versatile accessories, which make for timeless gifts for someone special in your life, such as a wife, girlfriend, mother or sister. With many different styles, it’s not hard to find the perfect diamond necklace to match what she likes.

We’ve put together a guide to help you pick out the right diamond necklace.

How much Does a Diamond Necklace Cost

The cost of a diamond necklace can vary a lot, starting from around $500, to as much as $36,000. You can even pay much more for diamonds that are truly one-of-a-kind.

How much you pay depends on a variety of factors. The most significant factor is the quality of the diamond (or diamonds). Based on the 4 C’s of diamonds, one stone’s price can differ greatly from the next. Cut, Color, Clarity and Carat make up the assessment criteria for a beautiful diamond versus an average or mediocre one. If you’re buying a necklace with a flawless or large diamond, the price is obviously going to be higher.

3/4 ctw Diamond Solitaire Pendant from Blue Nile
3/4 ctw Diamond Solitaire Pendant from Blue Nile

It also depends on the number of diamonds featured in the necklace. Many necklaces are made with several stones, which will often result in a higher price. Examples of such are this three-stone diamond necklace and this halo pendant, which features eight diamonds around one center stone.

It is not always the case though, as this single-stone 1.75-carat solitaire pendant necklace can cost $36,500, due to the size and quality of the diamond.

The quality and material of the chain will make a difference to the final price as well, though not as much as the diamond itself. 14k gold will generally be cheaper, while 18k gold or platinum will add to the cost of the necklace.

To sum up, the cost of a diamond necklace can range quite a bit and depends on your personal budget. But generally speaking, a quality yet affordable necklace will cost somewhere between $1,000 and $6,000.

Best Diamond Necklace

There is truly no shortage of beautiful diamond necklaces to choose from. Here are some favorites we’ve picked out to make the perfect gift for your loved one.

The Best Place to Buy a Diamond Necklace

Leibish Inspire Pendant with 0.82ctw Mixed-Color Diamonds
Leibish Inspire Pendant with 0.82ctw Mixed-Color Diamonds

Whenever you buy fine jewelry, such as a diamond necklace, it’s vital that you buy it from the right place. Buying from an untrustworthy vendor increases the chances you overpay for low-quality jewelry or diamonds with poor certifications.

Ensure you get your diamond necklace from one of these trusted vendors.

James Allen is one of the top online retailers for diamonds and other fine jewelry. They offer high-resolution photography, which you can move around 360 degrees to see a piece of jewelry from all angles. The experience is as good as you can get without being able to actually view the diamond in person.

Blue Nile is another vendor with a big range of high-quality jewelry. Their diamonds are graded with the most trusted certifications, to ensure you’re getting quality. Blue Nile also offers a “build your own pendant” tool, which lets you customize each part of your necklace, from the diamond to the style and the setting.

Brian Gavin Diamonds is another vendor renowned for high-quality cuts and beautiful jewelry. They have a good range of quality diamonds and unique designs, and their standing in the industry means you can trust you’re buying from a trusted source.

Types of Diamond Necklaces

There’s a style of diamond necklace to suit your loved one, whatever her taste. Along with different diamond shapes (as well as other beautiful gemstones), you can choose from a range of necklace styles.

Here are the common styles you’ll find from one of the vendors listed above.

Diamond Solitaire Necklace

Platinum Scallop basket diamond pendant James Allen
James Allen’s Scallop Basket Pendant

A solitaire pendant is an elegant, classic style. Consisting of a stone set at the end of the chain in a prong setting (usually four prongs, but six prongs is also a very popular style – look at the one on the left), it matches well with just about everything. The open setting allows a lot of light to get into the diamond, which results in a fantastic brilliance.

Look at the top picks for diamond solitaire necklaces we put together for you:

Diamond Heart Necklace

Diamond Open Heart Pendant from Blue Nile

Diamond jewelry is so often a symbol of love, and what represents love better than the shape of a heart. A diamond necklace shaped as a heart (like the one from Blue Nile on the left – click the image for more details) is a timeless and moving symbol of affection.

Here are some beautiful heart-shaped diamond necklaces:

Floating Diamond Necklace

Open Halo Pendant from Brian Gavin
Open Halo Pendant from Brian Gavin

Floating necklaces are similar to the solitaire style, with usually a single stone suspended from a delicate chain. The style is simple yet elegant, and can work with large or small diamonds. If you want something a little more substantial, a halo style can offer a bigger brilliance than just a single diamond on its own.

Top floating diamond necklaces:

Three-Stone Diamond Necklace

Three-Stone-Drop-Diamond-Pendant from Blue Nile
Three-Stone-Drop-Diamond-Pendant from Blue Nile

Three-stone styles are similar to a floating necklace but more pronounced. As the name suggests, it’s set with three diamonds suspended from the chain, either alongside each other or vertically in a “drop” style. A three-stone necklace with high-quality diamond cuts can be a real showstopper.

Top three-stone diamond necklaces:

Diamond Tennis Necklace

Tennis Necklace from Blue Nile
10ct Tennis Necklace from Blue Nile

Where a solitaire or floating necklace is centered around one or several gemstones suspended from a chain, a tennis necklace features many diamonds encrusted around the chain, often all the way around. A tennis necklace can be the ultimate in luxurious jewelry, a show-stealing addition to an outfit. 

With as many diamonds as it takes to make up the entire chain, a high-quality tennis necklace will usually come at a significant price – like this 10ct diamond eternity necklace, or this graduated triple row necklace (12 ½ct total). However, little, if anything can beat a beautiful tennis necklace for the wow factor.

Diamond Choker Necklace

The choker style is a more modern one, with the necklace worn to fit tighter around the neck than a tennis necklace. Like a tennis necklace though, a choker fitted with diamonds all around will come at a higher price than your typical pendant necklace.

Dancing Diamond Necklace

“Dancing” jewelry is a unique style, where the diamonds are set in a shape that allows it to catch light from different directions and appear as if it’s moving, or dancing. The result is a dazzling piece of jewelry that can easily steal the show.

Diamond Necklace Setting

With the styles above, you can also get different settings, which will make a difference in the appearance of your necklace. 

For a classic solitaire necklace featuring a single stone, a prong setting is popular, as it allows a lot of light to enter the diamond and enhance its brilliance. The prong setting will form a “basket” which holds the diamond, such as this wire basket example.

You can also get a scallop basket like this, in which the basket is set closer to the diamond.

Also common is a bezel setting, with metal fully encapsulating the diamond, making it more secure and durable. A halo setting is similar, but with smaller diamonds surrounding one center stone, making for a stunning sparkle.
Here is a beautiful bezel diamond pendant, and a halo for comparison.

More Factors to Consider When Buying a Diamond Necklace

As well as what’s listed above, you have to consider the chain – length, style and material.

You can get necklaces in 14k gold, 18k gold or platinum. Platinum is more durable, but a higher price and often not worth it. 14k and 18k gold chains are durable enough, more affordable, and still look beautiful. 

You can get a few different options for the chain length too. The most common lengths are 16” or 18”, though for certain styles, you might get a necklace as long as 30-36”. In most cases, you’ll want to stick with a 16” or 18” chain, although you should consider the wearer’s style and what type of necklace she usually wears when you make your decision.

How to Find the Right Diamond Necklace

Whatever your loved one’s style, there’s a diamond necklace to fit. If something subtle yet classy fits the bill, you may look at a classic solitaire necklace. While for something with the “wow” factor, there are stunning three-stone necklaces or unique “dancing” designs.

As with any piece of diamond jewelry, a high-quality diamond bought from a trusted vendor can make all the difference between getting a great deal and overpaying for something mediocre. Ensure you shop with a reputable seller such as James Allen or Blue Nile, and feel free to contact our experts for additional advice.

About the author
Mike learned the diamond business from the ground-up at Leo Schachter Diamonds - one of the world's top diamond manufacturers. He has been recognized as a diamond industry expert by Time, PeopleMoney, The Daily Mirror, NerdWallet, The Times Herald, Yahoo Finance Australia, The Art of Charm, The Washington Diplomat, The Next Web, and more. See more
Top Recommended Vendors
James Allen James Allen is the leader in online diamond sales. Their imaging technology is at the point where it's almost the same as inspecting a diamond with a jeweler's loupe. Their customer experience is best in class, and they have recently upgraded their non-engagement jewelry inventory as well. They have the largest exclusive loose diamond inventory online and fantastic prices.
What we love about them:
  • No questions asked returns within 30 days of shipment. James Allen will send you a paid shipping label to return the ring.
  • Lifetime Warranty
  • Free International Shipping
  • Free prong tightening, repolishing, rhodium plating and cleaning every 6 months
  • Provide insurance appraisals
  • One free resizing within 60 days of purchase
  • Free ring inscriptions
  • Best-in-class high quality imagery of all diamonds in stock
  • 24/7 Customer Service
  • Best-in-class packaging

Blue Nile Blue Nile is the largest and most well known internet jewelry seller. They have a very large exclusive online inventory. Their high quality images are catching up to James Allens' and their prices are amazing. (Pick Up a Blue Nile Coupon Here for $50 off)
What we love about them:
  • No questions asked returns within 30 days of shipment. Blue Nile will send you a paid shipping label to return the ring.
  • Lifetime Warranty
  • Free Shipping
  • Free prong tightening, repolishing, rhodium plating and cleaning every 6 months
  • Provide insurance appraisal
  • One free resizing within the first year of purchase
  • High quality images of about half of their diamonds
  • 24/7 Customer Service
  • 100% credit towards future upgrades (must be at least double in value)
  • Best in class fulfillment

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