There are quite a few different grades for Cut of the diamonds, the most common cuts used are:
'Very good'
'Good'
'Fair'
The cut of the diamond determines how accurately the diamond is cut according to brilliance.
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Round, princess, pear, heart, emerald,cushion, marquise, oval, radiant and trillion cut.
There are as many cuts of diamonds nearly as there are diamonds. Predictable cuts include, round brilliant, emerald cut, cushion cut, pear shape, oval and so forth. Some jewelers also sell heart-shape cuts, square cuts and more. Sometimes, larger stones are cut in a unique way, so as to best display the diamond's best assets, whether they be colour, clarity or carat weight.
Different cuts of diamonds are formed with a different number of facets. For example, a round cut diamond generally contains 58 facets. Depending on the raw stone, a different number of facets are cut, to show off the natural clarity or colour of the stone.
There are a few standard cuts, each with particular angles and numbers of facets. You can read more about them, below.Alternatively, some raw diamonds dictate the cut, given that the diamond cutter is keen to highlight the diamond's best qualities -- clarity/ colour -- while preserving its highest carat weight.
Although no date is given, you can learn more about this cut, below.
Diamonds start out as raw stones -- rocks. A diamond cutter will evaluate the raw stone's colour and clarity first. Then, the cutter will plan a diamond cut that will maximize these natural, desirable attributes, and execute the cut that will also maintain the highest carat weight for the finished gem.