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Stones near the top of a size band (or rarer fancy coloured varieties) tend to be uprated slightly. Some of the price jumps are related to marketing and consumer expectations. For example, a buyer expecting a 1 carat (200 mg) diamond solitaire engagement ring may be unwilling to accept a 0.99 carats (198 mg) diamond. [citation needed]
In 1879, the Tiffany branch in Paris obtained the Tiffany Diamond, which weighed 287.42 carats in the rough. It was the largest yellow diamond found up to that time. The task of supervising the cutting of this stone was the responsibility of one George Frederick Kunz (1856–1932), a twenty-three-year-old gemologist who had just joined the firm ...
The Tiffany Yellow Diamond (128.54 carats (25.708 g)) is usually on display in the New York City flagship store. [102] In 1886, founder Charles Tiffany conceived of the Tiffany Setting ring design, in which six prongs hold the diamond off of the band, in order to better accentuate the diamond. [103]
It placed a heavy emphasis on white diamonds — including a necklace set with a 100-plus carat stone that was cut to the same proportions as the yellow Tiffany Diamond.
In the UK, estimates of the average cost of an engagement ring range from £1200 to £2000. Scholarly research indicates that expensive engagement rings are associated with early divorces, possibly because spending more than US$2,000 on an engagement ring is strongly associated with debt-related stress. [31]
In May 2009, a 7.03-carat (1.406 g) blue diamond fetched the highest price per carat ever paid for a diamond when it was sold at auction for 10.5 million Swiss francs (6.97 million euros, or US$9.5 million at the time). [61]
The carat (ct) is a unit of mass equal to 200 mg (0.00705 oz; 0.00643 ozt), which is used for measuring gemstones and pearls. The current definition, sometimes known as the metric carat, was adopted in 1907 at the Fourth General Conference on Weights and Measures, [1] [2] and soon afterwards in many countries around the world.
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