To determine a diamond’s worth, four key aspects must be considered: the cut of the diamond, the color of the diamond, the clarity, and the carat, which refers to the weight. Diamonds come in all shapes and sizes, as well as with different histories and time periods. All of these factors affect their cost and how rare they are considered to be.
The cut of a diamond varies due to the different sizes of diamonds being found. The larger and more prominent the four Cs are in a diamond, the more it will be worth when it is cut down to the size needed for use. A great example of this is the Cullinan diamond, which was found at 3,106 carats (621.1 grams) and was cut down into nine different pieces, each larger and more diverse than the other, and each one used for a different and specific piece of jewelry or art. The better the cut of the diamond, the higher the quality of sparkle, the more light it emits, and the more facets it has.
Next is the color of the diamond. The more intense and dense the color, the more expensive it is. The most expensive and sought-after color for a diamond is red, as there have only been 20 to 30 ever found. The process of their formation is rarer than for other colors.
Furthermore, the clarity of a diamond is also extremely important for its price. Similar to color, the more clarity a diamond has, meaning the more light that passes through it, the more sought-after it is. The most wanted diamonds are those with the most flawless clarity.
Finally, the carat of a diamond also determines its value. Many different diamonds have been found worldwide, and many of them are cut into different sizes. Because their size is diminished during cutting, the price is also affected. Diamonds are cut into different pieces so they can be made into the correct jewelry item. The higher the carat weight of the diamond, the more it will cost. Carats are measured with 1 carat equaling 0.2 grams.