Carat Weight
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Definition
The standard unit of mass used for gemstones, equal to 0.2 grams (200 milligrams), universally adopted by the gem and jewelry trade worldwide.
Detailed Explanation
The carat (ct) is divided into 100 points — so a 0.50 ct stone is a 'fifty-pointer.' The term derives from the carob seed (Ceratonia siliqua), historically used as a balance weight because of its purportedly consistent mass, though modern standardization has nothing to do with actual seeds. The metric carat was standardized internationally in 1907. Price-per-carat increases non-linearly with size for fine gems — a 3 ct ruby of equal quality does not cost three times as much as a 1 ct stone, but often ten to thirty times more, because larger fine stones are exponentially rarer.