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The value of a diamond depends on many factors, including color, carat weight, clarity, and the cut (meaning the talent of the cutter). The diamond's value can be documented in a GIA certificate: remember two key things: there is ALWAYS a reason for every price in the diamond industry and that no two diamonds are truly alike!

There are four factors in figuring out the value of a diamond, generally abbreviated as the "Four C's" - Cut, Clarity, Color, and Carat. Practically, however, any diamond is worth what someone will pay you for it.

First, how much does the diamond weigh, in carats? Commercially, this is the biggest factor.

Second, what is the clarity of the diamond? Clear diamonds are more valuable than diamonds with defects, where another element is embedded in the carbon matrix, or when the matrix is twisted. Many diamonds have inclusions and twists -- plastic deformations, but the cut of the diamond can minimize or hide the flaws. This is the biggest factor for investment-grade gemstones.

Then color: is it a clear, white -- or colourless diamond, or does it have a yellowish tinge to the color? Know that naturally coloured diamonds are more valuable than white diamonds, given all other Cs being equal.

And cut: what shape is the diamond? Different shapes have different values, although the value of fancy diamonds varies more than traditional cuts. Sometimes a heart-shaped cut is in style and more expensive, and other times a pear or marquis sells for more.

You can have a diamond that you own evaluated by a gemologist and obtain a GIA certificate for it. This will help you price the diamond for sale. As well, when you purchase a diamond ask for a certificate, to verify that the price you are paying reflects the diamond's value.

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