Everyone knows that diamonds are expensive, but especially assessing the proper value of a diamond is difficult. The price of diamonds is expressed in US dollar per carat. A 0.50 carat diamond for example, has a price of $ 1400 * 0.50 Ct, so that equals $ 700.
Influence of the economy
The price of a diamond is determined by the global economy. Obviously, the price is influenced by supply and demand. In countries like China, India, Brazil and the Middle East in general, the demand for diamonds has increased exponentially over the last year. This is why the price of diamonds went up, while the supply remained stable.