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Given that you can purchase ultra-high-quality gem stone grade diamonds for millions of dollars US per carat or industrial-grade diamonds by the pound for a few dollars, there is a very broad range of the value of the mineral diamond.

A gem-quality diamond is worth whatever someone will pay you for it. If you have one for sale, best practices dictate that you take the diamond to a certified gemologist and pay for an evaluation as to the diamond's cut, colour, carat weight and clarity. This will help you establish a fair market price you can ask for the diamond.

On the other hand, you can buy industrial-grade diamonds by the pound for a few dollars -- if you buy in bulk.

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