Everyone knows that diamonds are precious stones but assessing the correct value of a diamond is a matter best left for the experts. The value of a diamond, along with the economic context and the asking price of the jeweller will ultimately determine the price of your diamond. The price of diamonds is expressed in US dollars per carat. A 0.5 carat diamond, for example, is priced at $1,400 per carat. The price for this diamond is then $1,400x0.5, so $700.
In this article, we will cover the following topics:.
- What impact does the economy have on the price of diamonds?
- How does weight affect diamond value and price?
- What role does the cut play in diamond value?