Carat is a measurement of mass respective to gemstones and pearls, not to be confused with the karat which is a purity scale for gold. It refers to the measured weight of a diamond. One carat equals 200 milligrams. As you would expect, the higher the weight of a stone, the higher the value that gemstone carries. There are, however, exceptions to this rule. Remember that the 4 Cs work in conjunction so the overall value of a diamond will be determined by taking into account the grade from each category and not just from a single category. For example, a large carat diamond that is imperfect and possessing a yellow color will hold a lower value than a smaller carat stone that is near colorless that has few to no flaws. The thing to think about when shopping for a diamond is that your final decision will be heavily influenced by your budget. Once you figure that out, you can then eliminate everything above and below that amount and narrow down your options at your price point. You're likely to find a whole range of size, cut, clarity, and color to choose from. Regardless of your budget, you should be able to find a diamond that fits your preferences in all four categories that your betrothed can wear with loving pride.
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