Diamonds and other gemstones are weighed in metric carats: one carat is equal to 0.2 grams, about the same weight as a paperclip. (Don’t confuse carat with karat, as in “18K gold,” which refers to gold purity.)
Just as a dollar is divided into 100 pennies, a carat is divided into 100 points. For example, a 50-point diamond weighs 0.50 carats. But two diamonds of equal weight can have very different values depending on the other members of the 4C’s: clarity, color and cut. The majority of diamonds used in fine jewellery weigh one carat or less.
Because even a fraction of a carat can make a considerable difference in cost, precision is crucial. In the diamond industry, weight is often measured to the hundred thousandths of a carat, and rounded to a hundredth of a carat. Diamond weights greater than one carat are expressed in carats and decimals. (For instance, a 1.08 ct. stone would be described as “one point oh eight carats,” or “one oh eight.”)
The carat, the standard unit of weight for diamonds and other gemstones, takes its name from the carob seed. Because these small seeds had a fairly uniform weight, early gem traders used them as counterweights in their balance scales. The modern metric carat, equal to 0.2 grams, was adopted by the United States in 1913 and other countries soon after. Today, a carat weighs exactly the same in every corner of the world.
Cut is the factor that fuels a diamond’s fire, sparkle and brilliance.
The traditional 58 facets in a round brilliant diamond, each precisely cut and defined, are as small as two millimeters in diameter. But without this precision, a diamond wouldn’t be nearly as beautiful. The allure of a particular diamond depends on cut more than anything else.
Though extremely difficult to analyse or quantify, the cut of any diamond has three attributes: brilliance (the total light reflected from a diamond), fire (the dispersion of light into the colours of the spectrum), and scintillation (the pattern of light and dark areas and the flashes of light, or sparkle, when a diamond, or the light source or the observer moves).
People often think of diamond cut as shape. Round is the shape used in most diamond jewellery. All other shapes are known as fancy shapes. Traditional fancy shapes include the marquise, pear, oval and rectangle. Hearts, triangles and a variety of others are also gaining popularity in diamond jewellery.
As a value factor, though, cut refers to a diamond’s proportions, symmetry and polish. 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. A wide range of proportion combinations are possible, and these ultimately affect the stone’s interaction with light.
CDINESH & CO.
unveiled a diamond cut grading system for standard round brilliants in the D-to-Z colour range. This system, the product of years of intensive research and testing, assigns an overall diamond cut grade ranging from Excellent to Poor.
The distance from the bottom of the girdle to the culet is the pavilion depth. A pavilion depth that’s too shallow or too deep will allow light to escape through the sides or the bottom of the stone. A well-cut diamond will direct more light through the crown.
Because diamonds are formed deep within the earth, under extreme heat and pressure, they often contain unique birthmarks, either internal (inclusions) or external (blemishes).
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 10x magnification, though few come close. Known as Flawless diamonds, these are exceptionally rare. Most jewellers have never even seen one.
The 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
CDINESH & CO.
system considers the size, nature, position, colour or relief, and quantity of clarity characteristics visible using 10x magnification.
Like the colour scale, CDINESH & CO. ’s clarity grading system developed because jewellers were using terms that were easily misinterpreted, such as "loupe clean," or "piqué." Today, even if you buy a diamond in another part of the world, the jeweller will likely use terms such as VVS1 or SI2, even if her language is French or Japanese instead of English.
Diamond colour is all about what you can’t see. Diamonds are valued by how closely they approach colourlessness – the less the colour, the higher their value. (The exception to this is fancy colour diamonds, such as pinks and blues, which lie outside this colour range.) Most diamonds found in jewellery stores run from colourless to near-colourless, with slight hints of yellow or brown.
CDINESH & CO.
’s color-grading scale for diamonds is the industry standard. The scale begins with the letter D, representing colourless, and continues with increasing presence of colour to the letter Z, or light yellow or brown. Each letter grade has a clearly defined range of colour appearance. Diamonds are colour-graded by comparing them to stones of known colour under controlled lighting and precise viewing conditions.
Many of these colour distinctions are so subtle that they are invisible to the untrained eye. But these slight differences make a very big difference in diamond quality and value.
Before
CDINESH & CO.
developed the D-to-Z Color Grading Scale, a variety of other systems were loosely applied. These included letters of the alphabet (A, B and C, with multiple A’s for the best stones), Arabic (0, 1, 2, 3) and Roman (I, II, III) numerals, and descriptions such as “gem blue” or “blue white.” The result of all these grading systems was inconsistency and inaccuracy. Because the creators of the
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Color Scale wanted to start fresh, without any association with earlier systems, they chose to start with the letter D—a letter grade normally not associated with top quality.
