Diamond is a solid form of the element carbon with its atoms arranged in a crystal structure called diamond cubic. At room temperature and pressure, another solid form of carbon known as graphite is the chemically stable form, but diamond almost never converts to it.
Diamond Carat Size Diamonds are sold by the carat (shown as ct.), which is actually a unit of weight, though most think of a carat in terms of size. The word “carat” comes from the “carob” seed, the original unit of measure for diamond traders. Today, a carat is equal to exactly 0.2 grams (about the weight of a paper clip). Carat weight is unrelated to the similar sounding karat, which refers to gold’s purity.

Two diamonds of equal carat weight can have very different costs based on other factors (such as cut, color, and clarity). In understanding the importance of carat weight, know thy partner. If the recipient’s heart is set on a certain size diamond, then carat weight will probably be the most important factor in your search until the desired size is attained. At that point, other criteria will take on more importance. Most women can tell you the carat weight and shape of their ideal diamond, and most men can tell you the price.
As the carat size of a diamond increases, the diamond’s price increases at an increasing rate. Why? Because the larger the diamond, the more increasingly rare it is. Fewer than one in one million mined rough stones are large enough to produce a finished 1 carat diamond. So, as carat weight increases, you will typically pay more not only in total, but on a price-per-carat basis as well.