Diamond Quality
There are four universally accepted characteristics that all diamonds are graded by. They are known as the 4C's, and they are Cut, Colour, Clarity and Carat weight. It is the combination of these four "C's" that determines a diamond's value. By changing any of the characteristics, you can dramatically affect the diamond's value, all other factors being equal.
The Cut
The cut of a diamond determines its brilliance. There is no single measurement of a diamond that defines its cut, but rather a collection of measurements and observations that determine the relationship between a diamond's light performance, dimensions and finish. Most gemologists consider cut the most important diamond characteristic because even if a diamond has perfect colour and clarity, a diamond with a poor cut will have dulled brilliance.
The width and depth can have an effect on how light travels within the diamond, and how it exits in the form of brilliance.
Diamond Shape
Diamond Colour
GIA Colour Grade Scale
D - F: Colourless
G - J: Near Colourless
K - M: Faint Yellow
N - R: Very Light Yellow
S - Z: Light Yellow
Colour in white diamonds is most commonly measured by comparing the diamond to a set of 'master stones' of known colour. The highest 'master stone' is E-colour. Any diamond better than the E-colour master is rated D-colour.
Each colour grade is actually a narrow range of colors. There is no one exact colour for any GIA grade. So, an F-colour diamond can be a strong, average or weak F-colour. However, as long as the diamond is better than the G-colour master, it receives an F-colour grade.
Diamond Clarity