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      Diamonds from Zimbabwe and the Democratic Republic of Congo tend to be of lower quality than equal-weight diamonds from other regions. To account for variations in diamond quality, we used each mines’ average price per carat to project future supply in dollar terms (see Figure 9.11).

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      The contraction caused due to sudden cooling was thought to be equivalent to the high pressure that caused the graphite to turn into diamond. Single crystal perfect diamonds of about 2 carats can be made in a single day. It is interesting to note here that an average sized engagement ring is less than a carat.

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