Randy Cole's Diamond Knowledge Booklet

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Diamond Knowledge


How Do Diamonds Form? The formation of diamonds began billions of years ago in the depths of the earth when carbon began to crystallize under tremendous heat and pressure. The diamond-bearing magma rose to the surface as a result of volcanic eruptions.

How Are Diamonds Mined? Over the centuries, erosion carried diamonds first by rain water down the sides of mountains and then into rivers to form secondary alluvial deposits, sometimes hundreds of miles from their primary source.


What is a Kimberley Certificate? The Kimberly Process started in May of 2000 when diamond-producing states met in Kimberley, South Africa to discuss ways to stop the trade in ‘conflict diamonds’ and ensure that diamond purchases were not financing violence by rebel movements and their allies seeking to undermine legitimate governments. The Kimberley Process sets out the requirements for controlling rough diamond production and trade with certified shipments of rough. International shipments of rough diamond must be accompanied by a KP certificate guaranteeing that they are conflict free. Matching import and export KP certificates must be verified before rough enters the country.

Geo-Politically Free Diamonds: What Are They? Canadian Born from the ground in Canada, in the northwest territories. Mined and cut by union workers. Certified by the government of Canada and the environmental department. Clean water discharge must be 100% monitored. Every diamond comes laser inscribed with a Canadian hallmark.


De Beers (DTC – Diamond Trading Company): The Mining Experts

Began in 1888

Began in 1948

For decades De Beers controlled 90% of diamonds and mining throughout the world. Currently, they have less than 50% of the diamond market. Today De Beers (DTC) has become partners with countries of origin. They’ve partnered with the following countries: Botswana, Namibia, Canada, & South Africa. 30% of all revenue comes back to the country to help build schools, roads, hospitals, and other infrastructures. De Beers put 550 million dollars into Botswana before they even got to mine one diamond. De Beers’ activeness in creating new jobs, better economies, and nature conservation is unlike what any other diamond company has ever done before.


What Are the Four C’s? There Are Three C’s and One Q:

1. Cut

2. Color

3. Clarity

4. Quantity/Carat

The new world grading system was established by the GIA in 1953. The first grading report was issued in 1954. As technology improved their ability to determine the differences between grades became even better.


What is a Carat? Getting a true understanding of weight A carat is a measurement of weight only used in the jewelry industry. 1 point = ½ a grain of sand in volume 100 points = 1.00 carat 5.00 cttw = 1.0 gram

Common diamond weights

0.50 Carat 0.75 Carat 1.00 Carat 1.25 Carat 1.50 Carat

Why don't we choose these weights?

3/8 Carat 5/8 Carat 7/8 Carat 1 1/8 Carat 1 3/8 Carat


Colorless to Near Colorless Scale


Colorless to Near Colorless Scale D

Less than 1% of all diamonds in the world

E

Less than 2.5% of all diamonds in the world

F

Top 5%

G

Top 10%

H

Top 15%

I

Top 20%

J

Average sold in stores today

K

Average sold in stores today

L

Average sold in stores today

M...Z Colorless to near colorless yellow, brown, and gray are graded on this scale. 95% of all diamonds have saturation/body color.


Clarity Grading Scale Flawless Internally Flawless

No Flaws at 10X – Collector’s Stone Only external blemishes visible at 10X

VVS1

Inclusions difficult to see at 10X

VVS2

Inclusions difficult to see at 10X

VS1

Minor Inclusions – ranging from difficult to easy to see under 10X magnification

VS2

Minor Inclusions – ranging from difficult to easy to see under 10X magnification

SI1

Inclusions are noticeable to a skilled grader under 10x magnification

SI2

Inclusions are noticeable to a skilled grader under 10x magnification

SI3

Not recognized by GIA, AGS, GCAL, etc – Added by EGL (added in the 90’s)

I1

Inclusions are obvious under 10X and may affect transparency and brilliance

I2

Inclusions are obvious under 10X magnification and may affect transparency and brilliance

I3

Inclusions are obvious without magnification and will affect transparency and brilliance

What Determines Grade? • • • •

The size of the inclusions The location of inclusions The quantity of the inclusions The type of inclusions - (11 white & 1 type of black)


Diamond Clarity


Diamond Inclusion Images

Cloud

Crystal

Feather

Indented Natural

Grain Center

Internal Graining

Knot

Needle

Pinpoint

Twinning Wisp

Bruise

Cavity


Rough Diamonds Every diamond cutter knows how to cut diamonds, but how do they cut them? Save weight. Make money.

Octahedron

Misaligned Octahedron

Cube

Flat

Macle

Cleavage

Two Round Diamonds

Two Princess Two Cushions

Asscher Cut

Emerald Cut

Heart Trillion

Pear Shape


Standard Diamond Cuts & Shapes

100%

70-80%

70-80%

80%

40%

80%

40%

40%

50%

50%

90%

75%


Specialty Branded Diamond Cuts

FireMark

FireCushion

Ideal2

Returns 98% of light that enters back to the eye

The most brilliant cushion in the world. Returns 95% of light

65 facets Has a double crown

68 facets & a pavilion facet pattern like round brilliant

Canadian born, geopolitically free diamonds from the northwest territories.

Laser inscribed with the FireMark brand & GIA logo & report number

It’s always square; ratio is 1.1 to 1

At least 95% light return.

Laser inscribed with the FireCushion logo & GIA logo & report number

Only clipped cornered square stone that is Hearts & Arrows.

Excellent polish & excellent symmetry

Excellent polish & excellent symmetry

Each Ideal2 is perfectly square and has 68 facets.

Mined & cut by union workers.


Terminology & Proportions TERMINOLOGY DIAMOND

Table 54%

TABLE CROWN Crown o Angle 34

Depth 61%

GIRDLE THICKNESS 3.0-3.5%

PAVILION

CULET

Pavilion o Angle 40.5


Brightness SHALLOW CUT

DEEP CUT

IDEAL CUT

With a shallow crown and pavilion, light striking the bezel leaks out the pavilion (red line), or leaves the crown in a direction where it will not be seen. Light striking the table leaks out the pavilion.

If the stone is too deep, light reflects from the pavilion facet, but leaks out when it strikes the other side of the pavilion.

With an optically efficient crown and pavilion, light reflects from one side of the pavilion to the other and back to the crown.

What is the perimeter from the GIA for ideal proportions?

How is it possible that a diamond can have an excellent grade for cutting with a table of 60% and that you can also have that grade for a 54% table?


Fluorescence: What is it? Fluorescence is the emission of visible light by a material when it is stimulated by long wave ultraviolet rays. Fluorescence can vary in both intensity and color. No fluorescence costs more. Why?

Majority of diamonds that have a grade of strong or more have a higher probability of giving the stone a milky appearance in outdoor sunlight.

Possible Colors

25%-30% of diamonds exhibit some degree of fluorescence.

Blue Yellow White Orange Green Red

10% of those diamonds show strengths that can impact appearance. A diamond with fluorescence has the same structural integrity as a diamond with no fluorescence.

(Most Common to Least Common):

Grades: None Faint Medium Strong Very Strong

(Fluorescence color is listed only when intensity is Medium or stronger.)


Gemological Laboratories & Their Grading Differences Reputable Gemological Laboratories

Non-Reputable Gemological Laboratories (Listed from Most to Least Reputable)

GIA – Gemological Institute of America AGS – American Gem Society GCAL - Gem Certification and Assurance Lab IGI – International Gemological Institute EGL USA EGL ISR EGL Others

How does this affect the quality and value of your diamond? Knowing about the gemological laboratories that have graded the diamond is a key indicator of the true value of your diamond. Example: Sending the same diamond to be graded by a nonreputable lab will absolutely be different grades when graded also by a reputable laboratory.


Gemprint

Gemprint is an essential tool because not all diamonds have laser inscriptions. In the market, roughly 8% of all diamonds available have inscriptions. Gemprint offers a more secure way to always identify your diamond.

What is it? Gemprint captures the optical finger print of a diamond while leaving no marks on the diamond in the process. The diamond can be verified loose or in the mounting. Gemprint gives peace of mind knowing you can positively identify your diamond anywhere in the world where Gemprint is available.

Insurance Discounts

Investment Protection

Over 84 insurance companies give up to 10% off your annual insurance premium for having your diamond Gemprinted.

Court accepted means of irrefutable evidence proving ownership and protecting your financial and emotional investment.


How Does This All Come Together? Color

Find Your Balance: Quality

Dollars

Cut

Clarity

Quantity/Carat

• • • • •

Cut Color Clarity Carat Weight/Quantity Dollar Amount


Synthetic Lab Grown Diamonds Synthetic does not mean plastic, glass or any imitation. Synthetic diamonds are real gem quality diamonds grown in a laboratory under two different kinds of processes.

Chemical Vapor Deposition, CVD (early 2000s)

High Pressure High Temperature, HPHT (since mid 1950s)

CVD is a process that involves introducing a gas into a vacuum chamber, then activating and breaking down the gas molecules with microwaves. Doing this causes the carbon atoms to accumulate on a substrate (small platform). The molecules accumulate on an existing crystal.

HPHT mimics the natural process of diamond formation. This process is very expensive due to the energy and equipment required. It produces diamonds with mainly yellowish or brownish yellow colors.

Where is the value in a synthetic diamond? There is little to no aftermarket value. The value of synthetic diamonds will continue to drop with more synthetics being created. Given that there is no rarity to these diamonds, there is no real intrinsic value.


Treated Diamonds in the Market Common Treatments: Drilling, Filling (Yehuda), Color Enhancement, & Coating

Laser Drilling

Fracture Filling

Irradiation & Annealing

Coatings

Having a treated diamond causes limitations to overall workmanship for the diamond and also the ring. Certain treatments make standard repairs, sizing, and heat needed work impossible without removing the center diamond. As a consumer it is your responsibility to disclose the treatments to the goldsmith who will be working on your ring in the future.


Gold & Platinum Differences Yellow Gold

Rose Gold

White Gold

Platinum

No rhodium

Rose rhodium plate

Rhodium plate

Rhodium

Not hypoallergenic

Not hypoallergenic

Not hypoallergenic

Hypoallergenic

Polish to refurb

Rhodium & polish to refurb

Polish to refurb

Polish to refurb

Soft/Scratches

Soft/Scratches

Durable/Can Scratch

Soft/Scratches

No sizing line

No sizing line

No sizing line

Sizing line

Offered in nickel free option

Denser than gold Rarer than gold More expensive

Alloyed with nickel, silver, zinc, manganese

Alloyed with ruthium or iridium. We use 10% iridium & 90% platinum

Alloyed with silver and copper

Alloyed with copper


What is Rhodium? Rhodium is an electroplating process on jewelry items. Rhodium enhances the brightness or appearance of the item and also, helps make the surface scratch resistance and more resistance to tarnishing. Rhodium is what gives white gold a strong white appearance & rose gold and intense pink hue. Rhodium in its final stage on jewelry helps make the ring’s surface more hypoallergenic. Rhodium does not last forever. It is recommended to have it touched up every couple of years depending on how much you wear off.


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