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Diamond Fundamentals

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The Key to Buying a Diamond
The diamond ring has been a symbol of love
and romance since 1477, when
Archduke Maximilian of Austria gave Mary of Burgundy a gold ring set with a
diamond as a token of his love. Today, the tradition of the diamond
engagement ring continues. According to a new consumer survey, 82 percent of
all brides-to-be receive one.
Understanding diamonds requires knowledge of the Four C's: Cut, Color,
Clarity and Carat Weight. Some familiarity with these and several other
attributes can help make sense of the elusive question as to why two diamonds
equal in one or more aspects may not be of equal cost. It is the interplay
of the various diamond characteristics that will determine its beauty and its
value.
But it's the quality of the cut that gives the stone its brilliant
sparkle. If a diamond is well cut, light will enter the stone, bounce off
the mirror-like facets and be reflected back through the top of the diamond,
creating brilliance and fire. Brilliance is the return of light to the eye
from inside the diamond (reflection of light). Fire refers to the prism
effect, separating white light into a rainbow of colors (dispersion of light).
The depth and table ratio percentages of a diamond are perhaps the most
important proportions in determining if the diamond exhibits its maximum
brilliance. Depth percentage is the height of a diamond as compared to its
diameter. If a diamond is cut too deep or too shallow, light will leak out
of the bottom and the diamond will appear dark.

Table Ratio Percentage is the diameter of the table (the flat part of
the diamond) as compared to its girdle (the circumference of the diamond).
There is no set standard as to what the table ratio percentage should be. It
is often a matter of personal taste. However, if the table is too large, the
diamond won't have much fire. If it's too small, the diamond will be less
brilliant and will most likely appear small for its weight.
Dimensions - Size and Proportions
How big is your "Dream Diamond"? Certified gems are accurately measured
in one of several ways, depending on shape. Round diamonds are given a
diameter range, such as 6.28 - 6.39, and
depth. Expressed in millimeters, the
measurements might read: 6.28 - 6.39 X 4.01 MM
Other diamond shapes are
specified as length X width X depth, and the measurements might read:
8.83 X
5.92 X 3.70 MM
Color
Color is a very personal choice.
Even when budget imposes no
constraints, while some may choose an icy white diamond, others may prefer a
warmer tone to match their complexion.
Diamonds usually have a slight tint of yellow, brown or gray. The color
saturation is so minute that sometimes diamond graders have a difficult time
distinguishing between colorless and near colorless stones. Because of the
very slight nuances between colorless and faint yellow, most people would not
be able to distinguish any tint of color in a diamond up to a J or K, when
mounted in a piece of jewelry.
If you are very sensitive to color, you may want to compromise on
clarity or size in favor of a whiter diamond. But, in no event should you
select a white diamond that has been poorly cut, because you will notice its
lack of brilliance more than its lack of color.
Clarity
The term clarity refers to a diamond's lack of naturally occurring
inclusions and imperfections. Often called Nature's Fingerprints, most of
these are not visible to the naked eye. The fewer inclusions and
imperfections a diamond has, the more valuable it is.
Diamonds are graded according to the number, location and size of their
inclusions. The most common inclusions are pinpoints (crystals), feathers
(fractures) and clouds (groups of pinpoints). Minor inclusions will lower
the price of a diamond without affecting its beauty. A diamond without any
inclusions is exceptionally rare and is priced accordingly.
The Ideal Cut
There has been much debate in the diamond industry as to what
constitutes an “Ideal Cut” diamond. The GIA, the most esteemed organization
in diamond research and education, has recently released the results of its
study as to what proportions in a diamond are “Ideal” (published in the GIA
Gems & Gemology, Fall 1998 issue). It concluded that no specific numbers
could be said to produce the absolute ideal cut diamond.
In fact, it found
several completely different combinations of proportions to produce maximum
brilliance. Table size, depth percentage and the degree of both crown and
pavilion angles combined together produced such different degrees of
brilliance that we, in the industry, should expect to see new "ideal cuts" in
the near future.
Nonetheless, most refer to the standards promulgated by the American
Gem Society, whose grading system ranges from AGS 0 (Ideal) to AGS 10 (Poor).
The AGS Ideal Cut signifies a diamond which has been cut to
predetermined proportions, ostensibly maximizing its fire and brilliance.
Few diamonds have achieved this exalted status.
How Much Should I Spend?
Deciding how much to spend on a diamond engagement ring is a very
personal decision based on income, lifestyle and personal taste. Most people
find the "two months salary" guideline to be helpful in determining how much
to spend. We recommend that you choose the finest quality diamond within your
budget, because a diamond engagement ring is a unique and enduring symbol of
love and commitment that will be treasured for many years.
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PERSONALITY
A diamond is an expression of individuality. Just as love is unique, no
two diamonds are alike. Each diamond has its own personality and sparkle. So,
when purchasing a diamond engagement ring, it's important to become an
informed consumer. A little knowledge can go a long way to help unearth the
best quality diamond within a budget.
CUT
Diamonds can be cut in several shapes such as:
ROUND BRILLIANT
MARQUISE
OVAL
EMERALD
RADIANT
PRINCESS
PEAR
HEART
Selecting a shape is simply a
matter of personal choice.
CUT SPECIFICS
Diamonds are carefully measured, in millimeters, degrees and ratios to describe their
exact shape.
These measure:
LENGTH
WIDTH
DEPTH
TABLE
GIRDLE
CULET
PAVILION
CROWN


CARAT
This refers to the weight of the stone. There are 100 points to a carat.
Therefore, a diamond of 50 points weighs one-half carat. There are 5 carats
to a gram.
COLOR
The most valuable color is no color or very intense color (i.e., fancy
yellow). A totally colorless diamond allows white light to pass effortlessly
through it and be dispersed as lovely rainbows of color. The grading of color
is expressed with a letter, such as D, representing the best and most
transparent.
COLOR SCALE
D, E, F
Colorless (collection)
G, H, I, J
Near Colorless (white)
J, K, L, M
Faint Yellow (top silver)
N, O, P, Q, R
Very Light Yellow
S through Y
Light Yellow
Z
Fancy Yellow
CLARITY SCALE
F, IF
Flawless/Internally Flawless Free from internal blemishes under 10x
magnification
VVS1, 2
Very, Very Slightly Included Inclusions and/or external blemishes
very difficult to locate under 10x magnification
VS1, 2
Very Slightly Included Inclusions and external blemishes difficult
to locate under 10x magnification
SI1,2
Slightly Included Inclusions and external blemishes easy to locate
under 10x magnification
I1, 2 & 3
Imperfect Inclusions and external blemishes visible to the
naked eye.
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