The formula to calculate the Diamond Cost Per Carat (DCPC) is:
\[ DCPC = \frac{TDC}{C} \]
Where:
The average price of a 0.5 carat diamond is $1,600. The average price of a 1 carat diamond is $6,600. The average price of a 2 carat diamond is $29,000. A carat is the measure of weight for diamonds and other gemstones. One carat is equal to 0.2 grams, or 200 milligrams, and there are 5 carats in 1 gram. Many factors affect the price of a diamond. The 4 Cs (Cut, Color, Clarity, and Carat weight) are the major determining factors of a diamond’s value and therefore its price.
Let's assume the following values:
Using the formula to calculate the Diamond Cost Per Carat (DCPC):
\[ DCPC = \frac{TDC}{C} = \frac{10,000}{1.5} = 6,666.67 \text{ $/carat} \]
The Diamond Cost Per Carat (DCPC) is $6,666.67 per carat.
