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Gem-stone quality diamonds are considered especially valuable due to their rarity and their uniqueness. A diamond's value is determined by its 4 Cs, which include a diamond's cut, clarity, color and carat weight. A diamond low on some or all of the 4 Cs will naturally be less valuable than a diamond that is high in clarity, color, cut and carat weight.

Seventy-five to eighty percent or more of all mined diamonds, however, are used by industry to enhance cutting and precision tools.

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