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The company first identifies the market value of the item through an automatic pricing engine and then agrees on a reserve price with the sellers. The diamonds sold at Worthy.com are graded at the Gemological Institute of America (GIA) or at the International Gemology Institute (IGI). The brand-named watches are authenticated at CentralWatch.
The value of a diamond gemstone depends upon colour and quality, as well as weight. As of April 2024 the average price per carat of diamonds of between 1.00 and 1.49 carats was US$4,448. [48] The price of diamonds dropped significantly from a peak in 2022; prices of natural gems in shops dropped by 26% by the beginning of 2025.
In 1953 the GIA developed its International Diamond Grading System and the "four Cs" (cut, clarity, color, and carat weight) as a standard to compare and evaluate the quality of diamonds. [ 2 ] As of 2024, the institute is headquartered in Carlsbad, California , and operates in 13 countries, with 11 campuses, 9 laboratories, and 4 research centers.
De Beers has a huge sway on diamond prices as it’s still a significant player in the market. However, it has repeatedly cut diamond prices in the hopes of attracting more buyers, painting a ...
In early 2025 diamond prices had dropped significantly from a peak in 2022; prices of natural gems in shops dropped by 26% by the beginning of 2025. Laboratory-grown diamonds had dropped by 74% since 2020.
Gemstones have no universally accepted grading system. Diamonds are graded using a system developed by the Gemological Institute of America (GIA) in the early 1950s. Historically, all gemstones were graded using the naked eye. The GIA system included a major innovation: the introduction of 10x magnification as the standard for grading clarity.
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