Diamonds and other gemstones are weighed in metric carats: one carat is equal to 0.2 grams, about the same weight as a paperclip. (Don’t confuse carat with karat, as in “18K gold,” which refers to gold purity.).
A carat is divided into 100 points. For example, a 50-point diamond weighs 0.50 carats. But two diamonds of equal weight can have very different values depending on the other members of the Four C’s: clarity, color and cut. The majority of diamonds used in fine jewelry weigh one carat or less.
Given the rarity of large stones, however, the price increases rapidly with size; therefore, a single 2-carat diamond will cost much more than two 1-carat diamonds. Very large diamonds with good color and clarity are very rare.
Expect to pay a premium for stones that are above a full carat weight. For example, a .95 carat diamond will cost a bit more than a .90 carat stone.
Carat Weight Scale