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A carat is simply the weight of a diamond. One carat is equal to 200 milligrams or 100 "points"... (50 points, for example equals 1/2 carat) But carat weight and value are not as interrelated as one would imagine. Larger stones are rare so they should be more expensive, but the effects of the other 3 C's can increase the value of even smaller stones making size alone less of an indicator of price.
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