What is the term used for a gem's price divided by its carat weight?

The term for a gem's price divided by its carat weight is referred to as the per-caret price. This metric is crucial in the gemstone market as it allows for standardized comparisons between different gemstones or different qualities of the same type of gemstone. By calculating the per-caret price, buyers can assess the value of a gem based on its weight, making it easier to evaluate pricing and quality across a variety of stones.

Understanding the per-caret price is important because it provides a clearer picture of value beyond just the total price, which might be influenced by factors such as the gem’s size, rarity, and overall market demand. This figure helps both buyers and sellers make informed decisions in the pricing of gemstones.

Other terms listed, such as gross price, market value, and intrinsic value, refer to different concepts that do not specifically measure the relationship between the gem's price and its carat weight. Gross price simply refers to the total price before any deductions or adjustments. Market value encompasses the overall worth in the trading context based on current demand and supply, while intrinsic value focuses on the inherent worth of the gem based on its characteristics rather than market fluctuations.