Diamonds and other gemstones are weighed in metric carats: one carat is equal to 0.2 grams, about the same weight as a paperclip. (Don’t confuse carat with karat, as in “18K gold,” which refers to ...
It’s been three months since Mwanza last found a diamond, and his debts—for food, for medicine for his father—are piling up. A large stone, maybe a carat, could earn him $100, he says ...
Lab-grown diamonds are also being used for money laundering. Late last year, Indian and Hong Kong customs revealed a joint operation in which they discovered “cheap synthetic diamonds were being ...
the retail price of lab-grown diamonds produced by major diamond producer De Beers was 800 U.S. dollars per carat through its jewelry subsidiary Lightbox. In addition to being less expensive ...