Clarity Color Cut
Clarity is a measure of internal defects of a diamond called inclusions. Inclusions may be crystals of a foreign material or another diamond crystal, or structural imperfections such as tiny cracks that can appear whitish or cloudy. The number, size, color, relative location, orientation, and visibility of inclusions can all affect the relative clarity of a diamond. The Gemological Institute of America (GIA) and others have developed systems to grade clarity, which are generally based on those inclusions which are visible to a trained professional when a diamond is viewed from above, under 10x magnification.
Diamonds become increasingly rare when considering higher clarity gradings. Only about 20 percent of all diamonds mined have a clarity rating high enough for the diamond to be considered appropriate for use as a gemstone; the other 80 percent are relegated to industrial use. Of that top 20 percent, a significant portion contains a visible inclusion or inclusions. Those that do not have a visible inclusion are known as "eye-clean" and are preferred by most buyers, although visible inclusions can sometimes be hidden under the setting in a piece of jewelry.
Most inclusions present in gem-quality diamonds do not affect the diamonds' performance or structural integrity. However, large clouds can affect a diamond's ability to transmit and scatter light. Large cracks close to or breaking the surface may reduce a diamond's resistance to fracture.
Diamonds are graded by the major societies on a scale ranging from Flawless to Imperfect.

Color, A chemically pure and structurally perfect diamond is perfectly transparent with no hue, or color. However, in reality almost no gem-sized natural diamonds are absolutely perfect. The color of a diamond may be affected by chemical impurities and/or structural defects in the crystal lattice. Depending on the hue and intensity of a diamond's coloration, a diamond's color can either detract from or enhance its value. For example, most white diamonds are discounted in price as more yellow hue is detectable, while intense pink or blue diamonds (such as the Hope Diamond) can be dramatically more valuable.
Most diamonds used as gemstones are basically transparent with little tint, or white diamonds. The most common impurity, nitrogen, replaces a small proportion of carbon atoms in a diamond's structure and causes a yellowish to brownish tint. This effect is present in almost all white diamonds; in only the rarest diamonds is the coloration due to this effect undetectable. The GIA has developed a rating system for color in white diamonds, from "D" to "Z" (with D being "colorless" and Z having a bright yellow coloration), which has been widely adopted in the industry and is universally recognized, superseding several older systems once used in different countries. The system uses a benchmark set of either natural diamonds of known color grade, or precision-crafted cubic zirconia; test lighting conditions are also standardized and carefully controlled. Diamonds with higher color grades are rarer, in higher demand, and therefore more expensive, than lower color grades. Oddly enough, diamonds graded Z are also rare, and the bright yellow color is also highly valued. Diamonds graded D-F are considered "colorless", G-J are considered "near-colorless", K-M are "slightly colored". N-Y are usually appear light yellow or brown.
In contrast to yellow or brown hues, diamonds of other colors are much rarer and more valuable. While even a pale pink or blue hue may increase the value of a diamond, more intense coloration is usually considered more desirable and commands the highest prices. A variety of impurities and structural imperfections cause different colors in diamonds, including yellow, pink, blue, red, green, brown, and other hues. Diamonds with unusual or intense coloration are sometimes labeled "fancy" by the diamond industry. Intense yellow coloration is considered one of the fancy colors, and is separate from the color grades of white diamonds. Gemologists have developed rating systems for fancy colored diamonds, but they are not in common use because of the relative rarity of colored diamonds.

Diamond cutting is the art and science of creating a gem-quality diamond out of mined rough. The cut of a diamond describes the manner in which a diamond has been shaped and polished from its beginning form as a rough stone to its final gem proportions. The cut of a diamond describes the quality of workmanship and the angles to which a diamond is cut. Often diamond cut is confused with "shape."

There are mathematical guidelines for the angles and length ratios at which the diamond is supposed to cut at in order to reflect the maximum amount of light. Round brilliant diamonds, the most common, are guided by these specific guidelines, though fancy cut stones are not able to be as accurately guided by mathematical specifics.

The techniques for cutting diamonds have been developed over hundreds of years, with perhaps the greatest achievements made in 1919 by mathematician and gem enthusiast Marcel Tolkowsky. He developed the round brilliant cut by calculating the ideal shape to return and scatter light when a diamond is viewed from above. The modern round brilliant has 57 facets (polished faces), counting 33 on the crown (the top half), and 24 on the pavilion (the lower half). The girdle is the thin middle part. The function of the crown is to diffuse light into various colors and the pavilion's function to reflect light back through the top of the diamond.

Tolkowsky defines the ideal dimensions to have:

Table percentage (table diameter divided by overall diameter) = 53%
Depth percentage (Overall depth divided by the overall diameter) = 59.3%
Pavilion Angle (Angle between the girdle and the pavilion) = 40.75°
Crown Angle (Angle between the girdle and the crown) = 34.5°
Pavilion Depth (Depth of pavilion divided by overall diameter) = 43.1%
Crown Depth (Depth of crown divided by crown diameter) = 16.2%
The culet is the tiny point or facet at the bottom of the diamond. This should be a negligible diameter, otherwise light leaks out of the bottom. Tolkowsky's ideal dimensions did not include a girdle. However, a thin girdle is required in reality in order to prevent the diamond from easily chipping in the setting. A normal girdle should be about 1%–2% of the overall diameter.
The further the diamond's characteristics are from Tolkowsky's ideal, the less light will be reflected. However, there is a small range in which the diamond can be considered "ideal." Today, because of the relative importance of carat weight in society, many diamonds are often intentionally cut poorly to increase carat weight. There is a financial premium for a diamond that weighs the magical 1.0 carat, so often the girdle is made thicker or the depth is increased. Neither of these tactics make the diamond appear any bigger, and they greatly reduce the sparkle of the diamond. So a poorly cut 1.0 carat diamond may have the same diameter and appear as large as a 0.85 carat diamond. The depth percentage is the overall quickest indication of the quality of the cut of a round brilliant. "Ideal" round brilliant diamonds should not have a depth percentage greater than 62.5%. Another quick indication is the overall diameter. Typically a round brilliant 1.0 carat diamond should have a diameter of about 6.5 mm. Mathematically, the diameter in millimeters of a round brilliant should approximately equal 6.5 times the cube root of carat weight, or 11.1 times the cube root of gram weight.

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