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Diamonds are costly whether they are natural or enhanced and the cost continues to rise. Diamond prices rose 30% in the last year alone. Diamond is the hardest mineral, therefore, it's perfect for jewelry of any kind, whether as a solitaire or accent stones to enhance another gemstone. Gemstone value will depend on the 4 "Cs" which are clarity, color, carat weight, and cut, in that order. A half carat diamond that is clear and colorless will be worth a lot more than a one carat diamond with imperfections and a yellowish color.

However, most diamonds mined -- about 75% -- are used for industrial purposes, making gem-stone quality diamonds all the more rare.

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