A diamond is a salute to the precious moments in our lives, a dazzling reminder of someone’s love, a reward for a great accomplishment and an enduring symbol to be treasured and celebrated.
Diamonds are graded using a universal system that assesses the stone on its color, clarity, cut and carat-weight, commonly known as the ‘Four Cs’. Every diamond, no matter how large or small, has a set of unique characteristics that determine its value.
A diamond’s cut is not just a description of its shape, it is the most important factor in determining its fire, brilliance and scintillation. While nature determines the color, clarity and carat of a stone, the cut is in the hands of the master diamond cutter.
Essentially, the cut of a diamond determines how effectively light that enters the stone is refracted within and reflected back through the top of the diamond. Factors such as proportion, symmetry and polish affect the quality of the diamond: the closer they are to perfect, the better the diamond will perform in terms of fire, brilliance and scintillation.
A diamond cut to ideal proportion and symmetry will reflect the perfect balance of light back through the top of the stone, while a poorly cut diamond will result in a loss of light, and hence sparkle, through the sides and bottom.
Color refers to the presence or absence of a yellow or brown tint in white diamonds. The closer a diamond is to colorless, the more rare and valuable it is.
Most diamonds appear colorless to an untrained eye, yet many have slight tones of yellow or brown which affect its value. (The exception to this is fancy-colored diamonds, such as deep yellows, pinks and blues, which lie outside the white diamond color range.)
The color of a diamond is measured on an alphabetical scale starting from D (colorless). Each letter grade has a clearly defined range of color appearance that determines its value, and as you move down the scale, the color tint in the diamond increases.
D: Absolutely colorless. The most rare and most valuable. Less than 1% of diamond’s mined worldwide are graded as color D.
E – F: Also considered colorless, even though it is a minimal trace of color that can only be detected by an expert gemologist. Less rare than D, and more valuable than G – H.
G – H: Near colorless. To the eye these diamonds appear clear and colorless, although they also contain minute traces of color. Less rare than E – F, but more valuable than I – J.
I – J: Near colorless with a faint tint of yellow not easily identified by the eye. Less rare than G – H, but more valuable than K – L.
K – L: Faint yellow tint, visible to the eye. Less rare than I – J, but slightly more valuable than M – N.
M – Z: Very light yellow, easily identified by the eye. Least valuable of the diamond color grade.
Fancy Yellow: More rare and more valuable than the colorless and near colorless white diamonds. These diamonds contain nitrogen which results in a yellow appearance. The more yellow the diamond is, the more rare and more valuable it is. Yellow diamonds are graded Light Fancy Yellow, Fancy Yellow, and Intense Fancy Yellow.
Clarity measures the incidence of natural inclusions or imperfections found in a diamond. The closer a diamond is to flawless, i.e.: no inclusions visible through a jewelers loop, the more rare it is and the greater its value. Most inclusions are not visible to the naked eye, so diamonds are examined under a 10x magnifying loop to determine their clarity.
Clarity characteristics are usually divided into two categories:
A diamond’s clarity is determined by the number, size, type and placement of the inclusions, such as tiny white points, dark dots, or feathery cracks naturally found in the diamond. A diamond’s clarity is unique and acts as a fingerprint. When choosing a diamond, you should select a clarity grade in which the inclusions are not visible without magnification. In other words, we recommend diamonds with a clarity grade of SI2 and up.
DIAMOND CLARITY SCALE:
F (Flawless): No inclusions or blemishes visible to a skilled gemologist under a 10x magnification loop.
IF (Internally Flawless): No visible inclusions under a 10x magnification loop, insignificant surface blemishes.
VVS1 – VVS2 (Very Very Slight Inclusions): Minute inclusions so small they are hardly visible under a 10x magnification loop. Not visible to the naked eye.
VS1 – VS2 (Very Slight Inclusions): Minor inclusions that are visible under a 10x magnification loop. Not visible to the naked eye.
SI1 – SI2 (Slight Inclusions): Noticeable inclusions seen under a 10x magnification loop. Not visible to the naked eye.
I1 – I2 – I3 (Included): Inclusions are large and noticeable to the naked eye. For this reason, Shimansky carries only FL to SI clarity diamonds.
Carat refers to the weight of a diamond and other gemstones. A carat is a unit of measurement equal to 0.2gm or 200mg. In the diamond industry, size does count. Large diamonds are rarely found in nature making them more valuable than smaller diamonds of the same color and clarity.
This means that the price of a diamond will increase exponentially as the carat size of the diamond increases. Beware that the size or carat weight of a diamond alone cannot be used to determine its value. Factors such as color and clarity should also be considered. A large diamond with a low color and clarity will be less valuable than a smaller diamond with a high color and clarity.
Another common misconception is that a 2 carat diamond will look twice the size of a 1 carat diamond. As the carat weight of a diamond is measured in mass and not physical size, a 2 carat diamond will not be twice the size of a 1.00 carat diamond but it will be twice the weight.
Though not one of the 4Cs, shape is still an important factor to consider when buying a diamond. As you will discover on the next page, each shape has different attributes that can affect price and quality grades.
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