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Diamond carat weight is the measurement of how much a diamond weighs. A metric carat is defined as 200 milligrams. Each carat can be subdivided into 100 'points.' This allows very precise measurements to the hundredth decimal place. A jeweler may describe the weight of a diamond below one carat by its 'points' alone.
One carat of diamond weight equals .20 grammes, which means that a diamond that weighs one gramme is about five carats. (There are 28.3495 grammes in one ounce.) A five-carat, gem-quality diamond, depending on its cut, colour and clarity is available for purchase today from Blue Nile, and you can spend between US$49,000 and US$84,000 to buy it.