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Refers to the weight of a diamond.
Carat is often confused with size, however, it is actually a measure of weight. One carat is equivalent to 200 milligrams and can also be divided into 100 “points.” A .75 carat diamond is the same as a 75-points or 3/4 carat diamond.
A common assumption is that a 1-carat diamond costs exactly twice the price of a half-carat diamond. This is incorrect. Since larger diamonds are found less frequently in nature, which places them at the rarest level of the Diamond Quality Pyramid, a 1-carat diamond will cost more than twice a 1/2-carat diamond (assuming color, clarity and cut remain constant). Cut and mounting can make a diamond appear larger (or smaller) than its actual weight.
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