How much is 5 pounds of diamonds worth?

Answer 1

You can purchase industrial diamonds in this quantity -- about 80% of all diamonds mined are industrial diamonds -- and pay "...US$0.30 per carat for bort-size material to about $7 to $10 per carat for most stones, with some larger stones selling for up to $200 per carat....." according to the USGS site, below.

If you want to purchase gemstone quality diamonds, you will pay between US$2,351 and US$36,000 per carat, depending on the cut, clarity and colour of colourless that you want.

Five pounds equals about 11,339.809 carats, can you complete the math for the quality of diamonds you want to buy?