See my edit after you posted. 0.03 ct won’t be.
Here are 114 of them you can get for $28 or less:
Cecil discusses the artificial price of diamonds:
Thank you.
a 1 carat diamond for $3000?? I assume we’re in SI territory.
There are plenty of jewelry items with “pavé” diamonds where the piece appears to be (what else?) paved with tiny diamonds. Considering the number of them, even a quality diamond that size would be pretty cheap.
I figure at $20,800 even with the hefty Tiffany markup (and they promise only VS or better) I figure there’s about 140 diamonds there so maybe $150 each. (Don’t forget to subtract the platinum ring setting cost first though) If we assume 140 diamonds, 3.75ct total, that’s 0.027ct each.
If you’re bored, count these…
There are places selling buckets of dirt guaranteed to contain at least 1 ounce of gold. They are unlikely to contain more than one ounce because the companies take a bucket of dirt and stir in one ounce of gold powder, and maybe some bits as big as grains of sand. It can be yours for slightly more than the price of an ounce of gold plus the cost of shipping you a bucket of dirt. So why not sell candles with tiny worthless diamonds in them.
I know I can get “genuine earth-mined” diamonds from Namibian sources (actually - vacuumed from the sea bed) for as low as $17 (current exchange rate). I also know those would be crappy quality. I’d expect to pay more than $300 for a decent diamond of that size.
Aside: Diamond embedded in a candle sounds like a really bad idea - those things burn at much lower temps than a candle flame puts out.
They are in foil-wrapped glass vials.
I spent too much time googling diamonds and prices, especially the multiple small ones. My browser is now full of ads for diamond rings. This is a demonstration of the cleverness of AI algorithms.
That’s why I sometimes do such searches from an incognito or private browsing window.
“Have you ever wanted to find a piece of diamond at the bottom of a candle?”
I haven’t. Is this a thing?
I find it funny - on boards such as this, I will be Googling an odd assortment of random tpics, so I get a plethora of weird ads for stuff I have no intention of buying. At least they are less obnoxious than the default ads.
Same with me. And people here will, for example, link to an Amazon listing for something they want to talk about and those results influence what Amazon shows me.
I bet the “approximately 1 ct” is going to be .95 ct.
That last .05 ct is expensive.
It’s exponential. My experience (admittedly decades ago, and Tiffany prices) was 0.4ct $3000, 1ct $16,000 and the sales lady indulged my future wife to try on a 3ct for $90,000 - of course, all good quality (VS1 or better). Items I ran across mentioned a goodly amount of the cost of pave diamond jewelry is in the work required for the multiple small settings, so the value of the diamonds themselves is less. (And at that time, a cut-rate mall chain jewelry store advertised a 1ct SI for $1998 - quality matters.)
An important factor of what makes a diamond “good” is the cut; there’s a certain angle (for that “point” on the bottom) where internal reflection makes it sparkle the best. So it’s a compromise - how much do you shave off a raw stone, basically waste, to get symmettry and a good angle? Some people fixate on total weight and so there are stones available that are heftier but lack the sparkle. I would imagine for tinier stones, these details are less important - not only are smaller stones exponentially more numerous, but they require less care that cutting be done best.
A tiny diamond for almost nothing wouldn’t surprise me - most of the cost would be in the cutting I imagine.
Please link to a table or something where I can look up what S1 and VS1 mean (and presumably other codes relating to the diamond appraisal biz).
Thank you.
My ex bought a couple candles years ago that claimed to have cash money imbedded into the candle. Neither candle had any money in it, just a coupon for $5 off your next purchase that looked like a rolled up $5 bill. A Google search shows these are still around, they now have a real $2 bill or could contain up to $2500 in cash.
There’s a similar thing with jig saw puzzles. You pay like $25 for the puzzle. The completed puzzle is a QR Code. When you scan it you get a prize. Most of the prizes are $5 but there are a bigger ones with the biggest being a million dollars.