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Word: carat (lookup in dictionary) (lookup stats)
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...case of a beautiful new gem called Royal Lavulite, under the earth. The deep translucent purple stone, known to mineralogists as sugilite, was officially classified as a rare gem in October 1980, and prices for the stone quickly climbed to as much as $1,000 a carat, compared with $3,000 to $5,000 a carat for the finest grade commercial diamonds...

Author: /time Magazine | Title: Rarest of Gems | 2/1/1982 | See Source »

...quality, one-carat round diamond had increased in price in less than a decade by nearly...

Author: /time Magazine | Title: Prices Plunge | 7/20/1981 | See Source »

...pops the question (that is still the custom), a yes may really set him back a bundle. An absolutely unflawed one-carat diamond of the finest color, only $2,000 in the 1950s, now costs about $50,000, or more than many three-bedroom houses did not so long ago. The blood test and marriage license have remained affordable at $20 and $5 (formerly $7 and $2), but once the honeymoon is over and tax time comes around, the newlyweds discover that the party is really over. If they both work and earn $20,000 apiece, together they pay Uncle...

Author: /time Magazine | Title: Living: The High Cost of Loving | 5/4/1981 | See Source »

Once the game was up and the engagement was announced on Feb. 24 and the 18-carat sapphire in its 14-diamond garland materialized on her ringer, Lady Diana straightened up and really stepped out. According to a source close to the palace, she consulted with "someone" in the royal family, then appeared with the Prince in a $1,000 black silk taffeta strapless evening gown. The total effect was stunningly theatrical. A BBC announcer reported "audible gasps," and as they died so did the notion of Shy Di. R.I.P...

Author: /time Magazine | Title: Queen for a New Day | 4/20/1981 | See Source »

...when they look to be coming true on July 29, she will continue to shine and star. Always, of course, within the bounds of what is seemly; the consort's luster must not dim the King. Eventually, as Queen, Lady Diana will wear a crown with the 109-carat Kohinoor diamond as its centerpiece. This royal geegaw has been out of circulation for years. Watching Lady Diana, whether accepting a flower from a schoolboy or negotiating a receiving line, one wonders for a moment if such a crown might not be . . . well, yes, superfluous. Good enough, really, just...

Author: /time Magazine | Title: Queen for a New Day | 4/20/1981 | See Source »

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