The great beauty and scarcity of transparent diamonds make them highly valued as gems. The diamond is the birthstone for the month of April, and it is by far the most popular gem for engagement and wedding rings. The diamond is also an ideal industrial tool because it is the hardest natural substance known.
The unit of weight for gems and industrial diamonds is the metric carat. One metric carat is equal to 0.2 grams or to 0.007 ounces.
Men have long been fascinated by unusually large and beautiful diamonds. One of the earliest known large stones was the Great Mogul, a famous Indian diamond of about 280 carats. It has been lost since 1665 and may have been cut into smaller diamonds.