What does 'per-carat price' refer to?

The term 'per-carat price' specifically refers to the price of a gem divided by its carat weight. This metric provides a standardized way to compare the costs of gemstones of different weights, allowing consumers and traders to evaluate the value of a stone more easily. For instance, if a gemstone weighs 1 carat and costs $2,000, its per-carat price would be $2,000. If a 2-carat stone costs $3,000, its per-carat price would then be $1,500. This way of expressing value recognizes that larger stones are typically more valuable on a per-carat basis due to their rarity. Understanding this concept is crucial for anyone dealing with colored stones, as it aids in pricing, purchasing, and appraising gems accurately.