When you hear “carat” and “karat,” you may assume they are spelled differently but mean the same thing. However, the homonyms carat and karat refer to two separate forms of measurement, with carat referring to diamonds and precious gemstones and karat relating to how smiths measure the purity of gold.
Knowing the difference if you plan to buy or sell fine jewelry is essential. In particular, if you hope to find the perfect engagement ring for your special someone or add a diamond or piece of gold jewelry to your collection, you must familiarize yourself with these terms.