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Your answer depends on whether you're interested in buying industrial diamonds or gem-quality stones.

You can purchase a bag full of industrial diamonds -- in bulk, on a regular basis, for about the price of a latte.

Gem-quality diamonds -- about 20% of all diamonds mined -- are priced by the carat. One gram of gem-quality diamond weighs about five carats. Today, on Blue Nile you can purchase a five-carat, gem-quality diamond and pay between US $41,666 and US $428,265 depending on the cut, clarity, and colour that you want.

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