Diamonds!!?
February 2nd, 2009
Pamela G asked:
I know that diamonds are used in africa as currency………..what is the value of the diamond in africa?? like 1k diamond =______ U.S. dollars
I know that diamonds are used in africa as currency………..what is the value of the diamond in africa?? like 1k diamond =______ U.S. dollars
Entry Filed under: Diamonds
2 Comments
1. dougger | February 3rd, 2009 at 5:09 am
There is no one answer. Diamonds are lumped into several broad categories. The first split is industrial or gem grade. Clarity and color affect the price. The unit value of a diamond goes up as the size of the diamond goes up (contrary to most things for sale). Rough diamonds do not have an agreed upon ’set’ value. Each exchange is negotiated.
2. sd3r | February 6th, 2009 at 2:30 pm
a gem grade 1kt diamond could be valued at less than $1000 or more than $30,000 depending on clarity, cut and color. raw uncut stones are worth considerably less.