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The 4C's of Diamonds
 1) Color
Color describes the amount of color the diamond contains. This can range from colorless to yellow with slight tints of yellow, gray or brown. Colors can also range from intense yellow to brown, blue, green, pink and red. These fancy colors are rare and therefore more valuable.
 2) Clarity
Clarity describes the clearness or purity of a diamond. This is determined by the number, size, nature, and location of the internal (inclusions) and external (blemishes) imperfections.
Symbol Meaning Definition
  F   Flawless   Free from all inclusions or blemishes.
  IF   Internally Flawless   No inclusions visible at 10x magnification.
  VVS1   Very Very Slightly Included #1   Inclusions that are extremely difficult to locate at 10x.
  VVS2   Very Very Slightly Included #2   Inclusions that are very difficult to locate at 10x.
  VS1   Very Slightly Included #1   Minor inclusions that are difficult to locate at 10x.
  VS2   Very Slightly Included #2   Minor inclusions that are somewhat difficult to locate at 10x.
  SI1   Slightly Included #1   Noticeable inclusions that are easy to locate at 10x.
  Sl2   Slightly Included #2   Noticeable inclusion that are very easy to locate at 10x.
  I1   Included #1   Obvious inclusions. Somewhat easy to locate with the unaided eye.
  I2   Included #2   Obvious inclusions. Easy to locate with the unaided eye.
  I3   Included #3   Obvious inclusions. Very easy to locate with the unaided eye.
 3) Cut
Cut refers to the proportions, finish, symmetry, and polish of the diamond. These factors determine the fire and brilliance of a diamond. Well cut diamonds sell at a premium and poorly cut diamonds sell at discounted prices. With the advent of technology, the cut of the diamond can be determined through the use of the Dia-Mension system, a computerized system which takes accurate measurements and proportions of a diamond in seconds, in addition to the standard millimeter gauge.

As an example, a round brilliant cut, which has 58 facets, is shown below. Since the quality of the cut is directly responsible for the stone's beauty, the precision with which the facets are arranged is of prime importance. They determine the amount of light reflected to the eye, called brilliance.

The proportions displayed by the stone are very significant. Two of the key factors in the grading of cut quality -- table percentage and depth percentage -- are usually expressed on grading reports.
 4) Carat Weight
Carat Weight is the unit of weight for the diamond. A carat is further subdivided in 100 points ( 0.01 carat = l point ). One carat is equal to 0.20 grams. Value per carat increases with carat size, because larger rough diamonds occur less frequently. In other words, 2 half-carat diamonds taken together will not cost as much as 1 one-carat diamond, as the one-carat stone is more rare.
 
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