So the time has come and you want to buy a diamond…? While most diamonds might look quite similar, there are small factors and attributes that differentiate them one from the other.
And, these "small" factors and differences make each of them special but more importantly to you – very different in value.
But how can diamonds be compared? How can you evaluate them? Who will evaluate them? This is exactly the reason why a diamond grading system and methodology was invented and Gemological Institutes were created.
What Are the Gemological Institutes?
The gemological institutes are objective diamond graders (some even non-profit) that determine the attributes of the diamonds (and gems).
Their job is to be the judge and jury of each diamond - a responsible adult if you will.
After all, when the price of a diamond is so high, would you trust the scale of the seller to determine the weight?
Do you trust his expertise to determine its quality?
Over the years more and more such gemological institutes were established. The most commonly known to date are:
- GIA - Gemological Institute of America
- AGS - American Gem Society
- IGI - International Gemological Institute
- EGL - European Gemological Laboratory
- HRD - Hoge Raad voor Diamant
But a new problem was born, what diamond attributes to measure? Who is the authority grader that his word matters the most?
And maybe the most important, what is the meaning behind all of these diamond grades?
The 4 Cs of Diamonds - Standardizing Diamond Grading
With the prices of diamonds constantly increasing and some surpassing the price of a small car (in some occasions the price of a not so small house) every small change means a lot of money for the consumers.
In 1953 the GIA established a system that later became the universal standard for grading diamonds - The 4 Cs of Diamonds.
The purpose of the system was to create a unanimous way, a universal language for everybody around the globe to be able to communicate when it comes to describe the quality and attributes of diamond.
The 4 C's are: Color, Cut, Clarity and Carat Weight.
The success of this "new system" was clear and two years later (1955) the GIA presented the diamond certificates that documented each diamond's four Cs.
Before drilling deeper into the 4 Cs of diamonds, here is a great video by the GIA which I highly recommend seeing (4 minutes):
The Meaning of the 4 Cs of Diamonds
But these grades are far from being enough.
Diamond Grading Charts
It wasn't until 2007 that the GIA took the diamond grading one step further.
Up till then, the certificates were a bunch of number, symbols and angles presenting the diamond anatomy.
While at this stage GIA has accomplished its goal of creating a universal language between people, the fact was that the person wanting to buy a diamond still couldn't use the certificate for his main purpose - a tool to help with the process of how to choose a diamond.
After all, can you understand from the diamond's chart on the right what is the cut quality of the spoken diamond?
Today, in order to simplify the gemological repot, there are obvious diamond quality & grading charts for the 4 Cs that everybody can relate with and easily understand.
The most famous and commonly used charts are the ones on the GIA certificate:
- Diamond Color Chart
- Diamond Clarity Chart
- Diamond Cut Chart
As you can see from the sample certificate, when a diamond is graded, besides for stating its various grades they are also put on the relevant chart in such a manner that you will know exactly how good it is.
Which is the Most Important C of the 4 Cs?
When it comes to evaluating a diamond, the 4 C's live in equilibrium.
Generally speaking, moving up the scale in one of the charts above will allow you to move down one scale in the other chart and stay with diamonds of the same value (roughly). In other words, a one carat G SI1 diamond will cost approximately the same as a one carat diamond with H color and VS2 clarity (one color grade lower and one clarity grade higher).
You can obviously also play with a diamond weight, reduce the carat weight on one hand and increase the clarity / color grades and stay in the same price level – in other words – quantity or quality.
But a diamond's cut is somewhat different.
A triple Ex diamond will have some premium to its price compared to a very good cut grade (and you probably won't know the difference).
But, still, most diamanters would classify cut grade as the most important C out of the 4 Cs.
The reason? What good is a high clarity diamond or pure colorless diamond if it is dull?
After all, people are buying diamonds for their shine… for their sparkle!
What about a Fifth "C"?
Technically speaking, there are no more C's. However, lately, there is another Criteria which people refer to as the Fifth C of Diamond Grading and it is the Gemological Certificate and I would even go further and state the GIA certificate.
Everybody can issue a certificate specifying the Four C's of a bespoken diamond. But the question is are they qualified and professional enough to do so? (and that assuming they have the integrity to do so).
Over the years many reputable jewelry companies issued their own certificate of authenticity as for the diamond's quality and attributes. But those companies have the incentive to lie (or at least to round it up) towards their own sake.
A minor "mistake" of grading a diamond as D instead of E means A LOT of money. Therefore, only trust the objective certificate of a gemological institute and the GIA's certificate is known to be strict non-compromising and accurate.
Why settle for anything else?
Looking Beyond the 4Cs of Diamond Grading
While diamond grading reports are amazingly helpful and nowadays I do not recommend anyone to buy a diamond without a certificate, at the end of the day, a diamond's appeal also counts.
With all the respect for the 4 C's – they make the most of a diamond but not all.
Don't forget to look at the diamond and decide if you like it or not...