Do the 3Cs (Cut, Color, Clarity) Really Impact the Overall Pricing of a Diamond?
Hello everyone! My experience in the Coding School National High School Research Program has concluded, and I've completed my research on the impact of cut, color, clarity, and carat weight on a diamond's overall value. I'd also like to extend a special thank you to The Coding School and my mentor, Sujay Shetty, for all the fantastic guidance; your help made this possible. Why I Did This Project I wanted to explore product pricing and how items could be priced based on their key characteristics. While I didn't immediately think diamonds would be my topic of choice, it became fascinating once I delved deep into the subject. My dataset, sourced from Kaggle, has over 50,000 entries, making EDA incredibly worthwhile for uncovering trends. As I delved deeper into the data, my curiosity only grew, and h ere's what I discovered . What I Found Using methods described in my paper, I found that around 90% of level changes for the 3Cs significantly affected price; however,...