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Research Outline
Prepared for Davis Y. | Delivered February 24, 2020
Diamond Cutting and Polishing Price
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Goals
Determine the price for cutting and polishing a diamond to produce a 10-20 carat finished stone.
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Early Findings
Diamond Cutting and Polishing Price
The service provided by professionals who are engaged in cutting diamonds are
extremely costly
.
Cutting diamonds
is typically charged by carat.
The cost ranges from
$125 to $400
per carat.
Based on this, the calculated cost ranges of cutting a
10-20 carat finished diamond
are as follows:
$125
per carat X 10 carat = $1,250
$400
per carat X 10 carat = $4,000
$125
per carat X 20 carat = $2,500
$400
per carat X 20 carat = $8,000
Based on a study, the
cutting and polishing part
of the diamond finishing process is the least expensive compared to the other processes.
For a
$100 diamond
, the typicaly cutting cost will range from
$26 to $30
.
Summary of Findings:
Our initial findings provided some of the available pricing data to cut and polish a diamond to produce a 10-20 carat finished stone.
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