One carat is a unit of weight measurement equivalent to 1/5th of one gram. Most gemstones are priced and sold based on their carat weight. For average sized stones, this price is based primarily on their color, cut, and clarity which we've already discussed. But as you begin to look at larger stones, and particularly larger stones of high quality, the 4th 'C' begins to play a much bigger role in pricing the stone. This is because the larger stones are rarer, and thus command a higher price per carat than smaller stones of the same quality. During a visit with one of our sources, we were shown a 180 carat stone of rather poor color and clarity with large, obvious inclusions. A one carat stone cut from this material would be priced at less than $200. But a stone of this size is rare and commands a much higher price. In the case of this stone
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