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Diamond Value Formula:
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The Diamond Value Calculator estimates the current market value of a diamond based on its carat weight and the current price per carat. This provides a quick assessment of a diamond's worth in today's market.
The calculator uses the diamond value formula:
Where:
Explanation: The calculation multiplies the diamond's carat weight by the current market price per carat to determine its total value.
Details: Accurate diamond valuation is crucial for insurance purposes, resale value assessment, investment decisions, and understanding the worth of jewelry assets.
Tips: Enter the diamond's carat weight and the current market price per carat. Both values must be positive numbers for accurate calculation.
Q1: What factors affect diamond value beyond carat weight?
A: While carat weight is important, diamond value is also significantly influenced by cut quality, color grade, clarity, fluorescence, and certification.
Q2: How often do diamond prices change?
A: Diamond prices can fluctuate based on market demand, economic conditions, and supply availability. It's recommended to check current prices regularly.
Q3: Are all diamonds priced the same per carat?
A: No, price per carat increases with carat weight due to rarity. Larger diamonds typically have a higher price per carat than smaller ones of similar quality.
Q4: Does this calculator account for diamond quality differences?
A: This calculator provides a basic estimate. For precise valuation, consult a certified gemologist who can evaluate all 4Cs (carat, cut, color, clarity).
Q5: Where can I find current diamond price per carat information?
A: Current diamond prices can be found through industry price lists like the Rapaport Price List, jewelry trade publications, or reputable diamond dealers.