Pricing a Diamond

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The price of a diamond is influenced by "the Four C's": cut, clarity, color, and carats. This Demonstration shows how each of these factors affects the overall price, calculated by fitting with a generalized linear model. This model applies only to Round cut diamonds, not to fancier cuts such as Princess, Marquise, or Heart.

Contributed by: Christian Peccei (March 2011)
Open content licensed under CC BY-NC-SA


Snapshots


Details

The data for the model was obtained from brilliance.com using a VBScript webscraping script. In total, 35,000 Round cut diamonds were included in the analysis.



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