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About 3.5$ mil.added 11/3/2010
Not exactly true.
A standard ounce of is 141.747 carats.
Industrial diamonds can sell for $1-$5 per carat .
Jewelry grade diamonds can cost $50 per carat for the smallest diamonds to $2000-$10,000 for a nice white 1 carat diamond to $25 million for a 50 carat diamond. ( diamond over 20 carats are generally considered semi unique and hard to price)
So given that range an ounce of diamonds can cost from about $150 up to $300,000,000. In addition since a single 141.47 carat diamond would be one of the largest diamonds in the world, it could be priceless
Wiki User
∙ 13y ago
Wiki User
∙ 8y agoYour answer depends on the quality of diamond you want to buy.
You can purchase more than an ounce of industrial diamonds in a bag and pay about the same price for the bag as you would pay for a latte.
You can also pay multiple US millions of dollars per carat for a flawless, coloured gemstone.
There are 141.748 carats in one ounce.
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