You can spend US$10,000 to US$11,000 for a stone of this size, with a cut quality of fair, and with slight inclusions.
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A 2 karat Princess cut diamond can go roughly around $9,000 to $20,000 USD or greater. The carat weight of a diamond, however, is just one of the factors which affects its price. There is a website where you can see and purchase loose diamonds according to shape, carat, color, clarity, cut, polish, symmetry and price. Visiting a jeweler is no longer necessary.
The princess cut is the second most popular type of cut or design for a diamond. The princess cut style is relatively new, originating in the 1970's. The princess cut takes the form of a square or rectangle with sharp edges.
The cost of this expertise depends on the raw stone you present, or the instructions you give to a diamond cutter to re-shape the existing cut of a gemstone.
There is no set price. You will probably strike a bargain with a diamond cutter, who will charge you to plan the cut. Execution of the cut may be priced separately, or not.
Depending on how the pavilion is designed, the princess cut diamond can have more facets than the standard round brilliant. Some have just 50 facets, while others range to 144 facets. The amount of sparkle can hide flaws in clarity and cut, to some degree. However, no cut will hide color -- in fact, you can find the true colour in the corners of a princess cut.