Diamond Price Formula:
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The diamond price formula calculates the total price of a diamond based on its carat weight and the price per carat. This is the fundamental calculation used in the diamond industry to determine diamond values.
The calculator uses the diamond price formula:
Where:
Explanation: The price per carat typically increases with carat weight due to the rarity of larger diamonds, following a non-linear scale.
Details: Understanding diamond pricing is essential for buyers, sellers, and appraisers to make informed decisions in the diamond market. Price per carat varies based on the 4Cs (carat, color, clarity, cut).
Tips: Enter the diamond's carat weight and current price per carat for its quality grade. Both values must be positive numbers. The calculator will compute the total diamond price.
Q1: Why does price per carat increase with size?
A: Larger diamonds are exponentially rarer than smaller ones, causing price per carat to increase at certain weight thresholds (like 1.00 ct, 1.50 ct, etc.).
Q2: What factors affect price per carat?
A: The 4Cs (carat, color, clarity, cut), fluorescence, certification, and market conditions all influence price per carat.
Q3: Is this calculator accurate for all diamonds?
A: It provides a base calculation, but actual prices may vary based on specific quality factors and market conditions.
Q4: How often does price per carat change?
A: Diamond prices fluctuate based on global supply and demand, typically updated monthly in industry price sheets.
Q5: Where can I find current price per carat data?
A: Industry publications like Rapaport Price List provide benchmark prices, though actual transaction prices may differ.