Gemstone Buyer's Guide:
Diamond Buyer's Guide

The supreme beauty of Diamonds, their priceless rarity, purity and durability makes them the perfect symbol of a man’s love for his partner. used for centuries as an expression of love and marriage, Diamonds are the ultimate gift.

Before making a purchase, you will need a basic understanding of the points to consider when buying a Diamond. The Hannoush Jewelers Diamond Buyer's Guide simply defines the four C’s that Diamond professionals and connoisseurs the world over rely on - Cut, Color, Clarity and Carat Weight.
 
Color
Colorless and near-colorless Diamonds are rare, beautiful and highly prized amongst connoisseurs. To the untrained eye, most Diamonds look white. However, to the professional there are small differences in the degrees of whiteness seen.

Most Diamonds have an almost unperceivable tint of color. The various degrees of color tint seen are assigned a letter from D - Z, denoting its position on the Diamond Color Scale. Ranging from the exceptionally rare purest white color of D, to the yellowed tints of Z, the scale is an accurate way to communicate color.
 

D, E, F. These purest tints are rare and comparatively expensive. Their rarity color assigns them a higher market price.

G, H, I. Often offering much better value, to the untrained eye they seem the exact same color as the more expensive D, E and F colors.

J, K, L. Discounted for their barely perceivable yellowish tints, Diamonds in this range offer excellent value.

M - Z. Further discounted for their more distinct yellow hues.

Cut & Polish

With Round Brilliant Cut Diamonds accounting for over 80% of Diamond sales worldwide, ask a women “What shape is a Diamond?” and she’ll probably say round. Despite this figure, there are many other beautiful Diamond cuts that warrant serious consideration. Displayed below are the eight most popular Diamond cuts.


Emerald Cut

Heart Cut

Marquise Cut

Oval Cut
Popular Diamond Cuts
Round Brilliant Cut

Pear Cut

Princes Cut

Radiant Cut

Unlike Colored Gemstones, Diamonds are cut, shaped and proportioned to a remarkably uniform ideal. In 1919, Marcel Tolkowsky published his opinions of what Diamond proportions result in the optimum balance of Brilliance and Fire. While a detailed review of Tolkwosky’s proportions are outside the scope of this Buyers Guide, Diamond graders do take these proportions into account when evaluating the cut of a Diamond. Other attributes that need to be considered include:

Symmetry

The cut should exhibit good facet symmetry. Facets should be aligned straight in relation to the Diamond’s girdle and also to each other.
 

Polish Condition

The facet polish condition should be good. Surface pits and polishing lines should not be visible.

Diamonds are cut in a variety of cuts. Although not seen in as many variations as Colored Gems, you may recognize many of the shapes listed below. While the outlines and the crowns may look the same, with the exception of an Emerald Cut Diamond, the pavilions of Diamonds usually resemble those of a Round Brilliant Cut Diamond.

 

Table

   

 Girdle

Crown

 

Pavilion

 

Culet
(may or may not be faceted)

   

Antique Cushion

Briolette
Other Diamond Cuts

Tapered Baguette

Baguette

Industry Standard Anatomic Layout Of
A Faceted Gemstone

Carat Weight

Diamond weight is measured in Carats. This unit of measurement originates from the traditional use of carob seeds to weigh Gemstones. Carob seed were used because of their consistent size and shape. One Carat is the equivalent of 0.20 Grams. Further divided into 100 smaller units known as Points, the term carats is often confused with “Karats”. “Karat” is a measurement of gold purity and has no relationship to the term Carats.

As mentioned above, unlike Gemstones, Diamonds are cut to a uniform ideal for maximum Brilliance, Sparkle and Fire. With this uniform cutting and proportions, we can very conveniently and accurately equate Diamond Carat Size with their millimeter weight.

Round Brilliant Cut Diamond

1 mm 2 mm 3 mm 4 mm 5 mm 6 mm 6.5 mm 7 mm 7.5 mm
0.01 Ct 0.03 Ct 0.10 Ct 0.25 Ct 0.50 Ct 0.75 Ct 1.00 Ct 1.25 Ct 1.65 Ct

As the weight of a Diamond increases, so does its price per Carat. Large diamonds are always rarer than smaller ones, so per Carat prices rise exponentially. A 3 Carat diamond is always worth far more than six 0.50 Carat Diamonds of the same quality.

Prices also increase in stair-like steps, not in a smooth curve. They jump in price at certain Carat weights, usually at the borders of whole number denominations (i.e. 1 Carat, 2 Carat etc.). Thus a 1.02 Carat Diamond is worth more per Carat than a 0.95 Carat Diamond. Diamond pricing is said to suffer a “Non Linear Scale of Increments”.

Clarity

Inclusions are tiny natural features within the body of a Diamond. Nearly all Gemstones contain some inclusions, however many are microscopic and can only be glimpsed under magnification. If inclusions do not interfere with the Brilliance, Sparkle and Fire seen by the passage of light through the Gem, they do not affect the beauty or value.

Clarity in Gemstones is determined by judging both the amount and location of inclusions. Organizations like the GIA (Gemological Institute If America) have set uniform standards to be used when grading clarity in Diamonds.

Clarity affects both the beauty and value of the Diamond. The higher the clarity grade assigned from the list below, the higher the value.

Diamond Grade

Appearance Of The Gem To The Naked Eye

Flawless Internally and Externally Flawless
IF Internally Flawless
VVS1 Very Very Slightly Included
Inclusions not visible to the naked eye and difficult to detect with a 10x loupe.
VVS2
VS1

Very Slightly Included
Inclusions not visible to the naked eye whilst comparatively easy to see with a 10x loupe.

VS2
SI1 Slightly Included
Quite easy to see with the close naked eye, large and/or numerous with a 10x loupe.
SI2
I1 Included
Moderate effect on appearance or durability.
I2 Included
Severe effect on appearance or durability.
I3 Included
Severe effect on both appearance and durability.

Pairs & Suites

Pairs or Suites of Diamonds matched for Color, Clarity and Cut are more highly valued per Carat or per Gem than single Diamonds of the same quality. Given the rarity of many Diamonds, a matching set is disproportionately hard to find and thus commands a higher per Carat price than if each of the Diamonds from the suite were sold separately.

Colored Diamonds

While vivid Natural Colored Diamonds are typically rare, Color Enhanced Diamonds are common and relatively inexpensive. The process involves using rarer, clean Diamonds and modifying their color with a combination of electron bombardment and heat using safe electron-accelerator technology that is commonly used for foodstuffs. Unlike other enhancements, Color Enhanced Diamonds are enhanced to fulfill preference for vivid color only; this coloring technique does not try to hide or dissipate flaws.

The myriad of popular Diamond Colors produced using this technology includes Blue, Green, Red, Orange, Yellow, Pink, Purple and Black. The real beauty and popularity of these Diamonds lies in the fact that they combine both the rich color hues of colored gems such as Rubies and Sapphires, with the unforgettable Brilliance and Sparkle of a Diamond. In other words, they virtually become “Two Gems In One”.

Is It Real? Diamond Identification Basics

There are several ways you can distinguish Diamonds from its imitations using regular Gem Tools and everyday items. While distinguishing Diamonds from its imitators may seem hard at first, it is often surprisingly easy.

The most commonly utilized Diamond simulant is Cubic Zirconia. No relation to natural Zircon, CZ as it is known, makes a fairly convincing Diamond simulant. Although discovered in the 1930’s, CZ first entered the market in the 1970’s. This gem simulant quickly generated concern within the Jewelry and Diamond industries. Unwarranted pessimism said CZ would ruin the industry, as it was just too difficult for jewelers to tell the difference.

However, the optical properties of Diamond and Cubic Zirconia are different. One of the reasons for the beauty of Diamonds is their remarkable power of reflection. A well-proportioned Round Brilliant Cut Diamond returns all the light that enters it back through the table facet. In other words, no light at all “leaks” out of the back of the Diamond.

Conversely, a Round Brilliant Cut Cubic Zirconia, with its lesser powers of reflection, experiences loss of light or “leakage” through the back. This loss results in diminished brilliance and beauty.

 

  © Hannoush Jewelers 2008