There is a simple way to assess a diamond’s quality and understand their relative value. In the diamond industry it is know as the 4 C’s – Carat, Color, Clarity, Cut, and some add a fifth “C” for Cost.Carat The number of carats in a diamond refers to its weight. Historically, a one-carat diamond was equal in weight to a seed or bean from the Mediterranean carob tree. In the Far East, a one-carat diamond was equal to the weight of four grains of rice. Today a metric carat is 200 milligrams, or 0.02 grams in weight. A carat may be divided into 100 “points”, so a .75 carat diamond is sometimes referred to as a “3 grainer” or a “3/4 carat diamond”.The heavier or larger a diamond is, the more valuable or the rarer it will be. Color, clarity, and cut, also determine its value. Only one diamond in a thousand is over one carat in weight, and on average, over 250 tons of ore needs to be mined to find just this one gem quality stone. The higher price per carat paid for a larger diamond, reflects this greater rarity.
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