Lee, Justin A.; Caudill, Steven B.; Mixon, Franklin G. - In: Applied Economics 46 (2014) 16, pp. 1829-1838
Diamonds are generally evaluated on the basis of sensory characteristics, such as carat (weight), colour, clarity and cut. However, given the experience goods nature of diamonds, few consumers grasp how the sensory characteristics of these stones are evaluated by the gemological grading...