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Diamonds, because of their hardness, are one of the few gemstones that have a recycled market. Recycled diamonds are diamonds that have been polished and set into jewelry, then removed and possibly re-cut before sale back into the diamond industry. This sector accounts for 5%–10% of market supply. [25]
The weight of a diamond is one of these variables that determines a diamond’s worth and is what the general public is most familiar with. The unit of measurement, called the carat, equals 200 ...
British jeweller Graff bought the rough diamond for $53 million in 2017. By April 2019, Graff had cut it into one large emerald cut diamond, the Graff Lesedi La Rona , weighing 60.5 grams; 2.1 ounces; 1.9 troy ounces (302.37 carats) and 66 smaller stones.
The value of a diamond gemstone depends upon colour and quality, as well as weight. As of April 2024 the average price per carat of diamonds of between 1.00 and 1.49 carats was US$4,448. [49] The price of diamonds dropped significantly from a peak in 2022; prices of natural gems in shops dropped by 26% by the beginning of 2025.
24.78-carat (4.956 g) A 24.78-carat Fancy Intense Pink diamond and, until the sale of the Sweet Josephine diamond in November 2015, it was the most expensive jewel ever sold at auction. Previously owned by Harry Winston and an unnamed private collector, and bought by Laurence Graff (November 2010). [31] —
Mr Jogia said he was one of the first shops in Birmingham's Jewellery Quarter to invest heavily in laboratory-grown diamonds back in 2021. Now he said it made up 40% of his diamond jewellery stock.
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