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Maria Doulton: Not to be forgotten is another vital 'C', and that is of course carat. Carat refers to the weight of the stone, and one carat is one fifth of a gram. Now, you don't need me to tell you that a large diamond is more valuable than a small diamond, but it is interesting to know that large diamonds are of course rarer, so this means that a 5.00 carat diamond is many times more valuable than a 1.00 carat diamond; it isn't simply five times more valuable.
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