Document Type

Capstone Project

Publication Date

5-21-2026

Publication Title

UNLV Undergraduate Economics Working Paper Series

Publisher

University of Nevada, Las Vegas

Publisher Location

Las Vegas (Nev.)

Volume

3

Issue

1

First page number:

1

Last page number:

8

Abstract

This paper intends to examine the determinants of diamond pricing using a hedonic regression framework. Using the diamonds dataset from Wickham (2016), we analyze the four C’s, also known as carat weight, cut, color, and clarity. We also wanted to go deeper into this topic and look into the depth and table to see how it impacts diamond pricing. Results have displayed that carat weight greatly influences a diamond’s price, while characteristics such as clarity, color, and cut exert positive effects. Estimates were found to be statistically significant. Our findings confirm and reassure the idea that hedonic pricing accurately captures consumer valuation of diamond attributes and support research on how diamonds are priced in the market.

Keywords

Diamond pricing; Four Cs; Hedonic regression

Disciplines

Economics | Finance and Financial Management | Management Sciences and Quantitative Methods

File Format

PDF

File Size

349 KB

Language

English

Rights

IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/

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