One of the first things most people learn about diamonds is that not all diamonds are created equal. In fact, every diamond is unique. Diamonds come in many sizes, shapes, colors, and with various internal characteristics.

Jewelry professionals use a systematic way to evaluate and discuss these factors, developed by GIA in the 1950s, which established the use of four important factors to describe and classify diamonds; Clarity, Color, Cut, and Carat Weight.  These are known as the 4Cs. When used together, they describe the quality of a finished diamond.

The 4Cs describe the individual qualities of a diamond, and the value of an individual diamond is based on these qualities. The terms that people use to discuss the 4Cs have become part of an international language that jewelry professionals can use to describe and evaluate individual diamonds.

Diamond clarity refers to the absence of these inclusions and blemishes. Diamonds without these birthmarks are rare, and rarity affects a diamond’s value. Using the GIA International Diamond Grading System™, diamonds are assigned a clarity grade that ranges from flawless (FL) to diamonds with obvious inclusions (I3).

Every diamond is unique. None is absolutely perfect under 10× magnification, though some come close. Known as Flawless diamonds, these are exceptionally rare. Most jewelers have never even seen one.

The GIA Clarity Scale contains 11 grades, with most diamonds falling into the VS (very slightly included) or SI (slightly included) categories. In determining a clarity grade, the GIA system considers the size, nature, position, color or relief, and quantity of clarity characteristics visible under 10× magnification.

• Flawless (FL) - No inclusions or blemishes are visible to a skilled grader using 10× magnification
• Internally Flawless (IF) - No inclusions and only blemishes are visible to a skilled grader using 10× magnification
• Very, Very Slightly Included (VVS1 and VVS2) - Inclusions are difficult for a skilled grader to see under 10× magnification
• Very Slightly Included (VS1 and VS2) - Inclusions are minor and range from difficult to somewhat easy for a skilled grader to see under 10x magnification
• Slightly Included (SI1 and SI2) - Inclusions are noticeable to a skilled grader under 10x magnification
• Included (I1, I2, and I3) - Inclusions are obvious under 10× magnification and may affect transparency and brilliance

Subtle differences in color can dramatically af­fect diamond value. Two diamonds of the same clarity, weight, and cut can differ in value based on color alone. Even the slightest hint of color can make a dramatic difference in value.

Diamonds come in many colors. Diamonds that range from colorless to light yellow and brown fall within the normal color range. Within that range, colorless diamonds are the most rare, so they’re the most valuable. They set the standard for grading and pricing other diamonds in the normal color range.

Cut quality is the factor that fuels a diamond’s fire, sparkle and brilliance. The allure and beauty of a particular diamond depends more on cut quality than anything else.

The GIA Diamond Cut Grading System for standard round brilliants in the D-to-Z color range is based on the assessment of seven components. The first three — brightness (the total light reflected from a diamond), fire (the dispersion of light into the colors of the spectrum), and scintillation (the pattern of light and dark areas and the flashes of light, or sparkle, when a diamond is moved) — are appearance-based aspects. The remaining four — weight ratio, durability, polish, and symmetry — are related to a diamond's design and craftsmanship.

In GIA’s system, each component is assessed individually, taking into account the relative importance of that component in the overall cut quality of the diamond. Each cut grade, based on a relative scale from Excellent to Poor, represents a range of proportion sets and face-up appearances. There are many different proportion sets that produce attractive diamonds.

For example, look at a side view of the standard round brilliant. The major components, from top to bottom, are the crown, girdle and pavilion. A round brilliant cut diamond has 57 or 58 facets, the 58th being a tiny flat facet at the bottom of the pavilion that’s known as the culet. The large, flat facet on the top is the table. The proportions of a diamond refer to the relationships between table size, crown angle and pavilion depth. It is important to note that a wide range of proportion combinations are possible, and these ultimately affect the stone’s interaction with light and how attractive the diamond is to the person viewing it.

People often use the words cut and shape interchangeably. They think of cut as the shape or outline of the diamond, rather than the arrangement of facets needed to create an attractive face-up appearance.

Round is the shape used in most diamond jewelry. All other outlines are known as fancy shapes. Examples of traditional fancy shapes include the marquise, pear and oval. Hearts, triangles and a variety of others are also gaining popularity in diamond jewelry.

Many goods are sold by weight—by the kilogram, ounce, pound, or ton. Even people who have never bought a diamond are used to the idea that weight and price are related. They understand that a larger diamond is probably more valuable than a smaller one. But there are two things that often surprise people when they start learning about diamonds and carat weight.

The first is the precision with which diamonds are weighed. Diamond weights are stated in metric carats, abbreviated “ct.” One metric carat is two-tenths (0.2) of a gram—just over seven thousandths (0.007) of an ounce. One ounce contains almost 142 carats. A small paper clip weighs about a carat.

The metric carat is divided into 100 points. A point is one hundredth of a carat.

Diamonds are weighed to a thousandth (0.001) of a carat and then rounded to the nearest hundredth, or point. Fractions of a carat can mean price differences of hundreds—even thousands—of dollars, depending on diamond quality.

Over a carat, diamond weights are usually expressed in carats and decimals. A 1.03-carat stone, for example, would be described as “one point oh three carats,” or “one oh three.” Weights for diamonds that weigh under a carat are usually stated in points. A diamond that weighs 0.83 carat is said to weigh “eighty-three points,” or called an “eighty-three pointer.”

The relationship between rarity, weight, and value can be surprising. People know that a pound of sugar costs twice as much as a half-pound of sugar. But diamonds aren’t a commodity like sugar. Their price depends on a number of variables—weight is just one of them. So it’s not always easy to understand, or explain, why a 1-carat diamond is worth, say, $6,000, while a 2-carat diamond of similar quality might be worth $15,000.

It’s really a simple concept: Large diamonds are more rare than small diamonds. The more scarce something is, the more it is worth. So a larger stone doesn’t just cost more. It also costs more per carat. A 1-carat diamond weighs the same as four 0.25-carat diamonds. But even if all the other quality factors are equal, the larger diamond is worth much more than the sum of the four smaller diamonds.

Please do not hesitate to contact us for further information or advice which will be freely given without any pressure to buy

(with thankyou to GIA for the information)