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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]
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.
Diamond reports from GIA (as well as other, for-profit sources) are now demanded by most consumers purchasing diamonds over a certain size, typically for over 0.5 carat (100 mg), and almost always for over 1.0 carat (200 mg), and are considered an important tool in guaranteeing that a diamond is accurately represented to a potential buyer.
Cecil Rhodes, the founder of the British South Africa Company, got his start by renting water pumps to miners during the diamond rush that started in 1869, [15] [16] when an 83.5 carat diamond called the 'Star of South Africa' was found at Hopetown near the Orange River in South Africa.
Cullinan V is an 18.8-carat (3.76 g) heart-shaped diamond set in the centre of a platinum brooch that formed a part of the stomacher made for Queen Mary to wear at the Delhi Durbar in 1911. The brooch was designed to show off Cullinan V and is pavé-set with a border of smaller diamonds.
The Elizabeth Taylor Diamond, formerly known as the Krupp Diamond, is a 33.19-carat (6.638 g) diamond that was bought by Richard Burton for his wife, Elizabeth Taylor in 1968. The diamond was one of a number of significant pieces of jewellery owned by Taylor, her collection also included the 68 carat Taylor–Burton Diamond , which was bought ...
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