****************Frequently Asked Questions about Diamonds****************
               Including Sections on Metals and Colored Gems

Version 1.4 2-16-95
UPDATES: spelling corrections

Buying diamonds FAQ list...Maintained by Jim Kokernak. Send corrections,
comments and additions to kokerj@rpi.edu.

Note: I claim to be no more than an amateur diamond enthusiast...

*************************************************************************

What this FAQ is:

  A guide to evaluating diamond quality and jewelery craftsmanship.
  It covers diamonds extensively and will gradually include the
  realm of colored gemstones. Discussions of associated metals
  are included. It is NOT a ten minute appraisal guide. It may
  contain more information than is necessary for the engagement
  ring shopper and may appear overwhelming, but all of the information
  contained should help you to become an educated shopper.


Section      Contents
-------      --------
   1         Getting started/finding a jeweler
   2         Diamond Shapes
   3         The Four C's
   4         The Importance of Cut
   5         Words about Color
   6         Inclusions: What's OK, What's Not
   7         Selecting a Stone/Four C's and Cost
   8         Settings
   9         How to not get Ripped Off
   10        Metals (I. Gold,II. Platinum) (incomplete)
   11        Colored Gemstones (incomplete)
   12        Useful Publications

SECTION 1: Getting Started
--------------------------------

Q. What is the difference between an engagement ring and a wedding band?

A. The engagement ring is traditionally given by a man to a women to
   symbolize the intent for marriage. It is usually presented when the
   man proposes to the woman and is worn throughout the engagement.
   Traditionally the engagement ring has a single diamond in it. This
   is called the diamond solitaire. It is not uncommon to see people
   use a variety of rings as symbols of their engagement. This FAQ deals
   solely with the purchase of diamonds. Finally, the wedding band is
   traditionally a gold band with no seams. This continuity is supposed
   to symbolize the eternal bond of marriage. These are presented to
   one and other at the wedding ceremony.

Q. Why a diamond?

A. The diamond being the hardest substance on earth was valued as
   early as the 15th century. The first diamond engagement ring was
   given in 1477 by Archduke Maximilian of Austria to Mary of Burgundy.
   The wedding took place 24 hours later. In these times, diamonds were
   uncut, so they were valued as a symbol of strength and protection,
   not beauty. This is where the tradition began.

Q. Why is the wedding ring worn on the 4th finger?

A. There are two speculated reasons. The rings were actually worn on
   the thumb in the 17th century, but the 4th finger was used during
   the ceremony. Some feel that during a Christian wedding, the priest
   arrives at the 4th finger after touching three fingers on the left
   hand "In the Name of the Father...Son...and Holy Ghost...". Others
   believe the Egyptian myth that the ring finger follows the "vena amoris"
   or vein of love...which supposedly runs directly to the heart.

Q. How do I intelligently shop for diamonds?

A. Arm yourself with knowledge. Most stones are graded on a set of
   ratings set forth by the Gemological Institute of America (GIA).
   Unfortunately, these gradings are often misrepresented by the
   actual sellers of the diamonds. Essentially, they can give the
   stones virtually any grading they want, and if the consumer is
   not educated s/he will not know the difference. Learn the grading
   scales and look at MANY stones. It is A MUST to find a jeweler that
   adheres to the GIA standards.

Q. How do I find a reputable jeweler.

A. Ask around. Find family owned shops that have been around for
   years. There are some stores that are members of the American
   Gem Society (AGS). The jewelers at these stores are required
   by AGS to be tested annually and must uphold certain standards.
   Most still grade their stones on the GIA scales (AGS does have
   their own) and adhere strictly to them. It will usually appear
   as though these stores are charging more for their stones (over
   mall stores for example), however you are truly getting what you
   pay for.

Q. What is a CGA, MGA, etc...?

A. There are several terms out there that are meant to indicate
   the level of experience of a stores jeweler...they are:

   Jeweler:    Anybody can call themselves a jeweler.

   Gemologist: This is an uncontrolled title which can be
               used by anyone with a desire to set up shop
               and sell stones.

   Graduate Gemologist (GG): This title is awarded by the GIA to
                             individuals who have completed a basic course
                             in diamonds and colored stones. Once awarded,
                             this diploma is good for life, which is
                             an awfully long time.

   Registered Jeweler: This title is awarded by the AGS to individuals
                       who have extensive gemological knowledge and adhere
                       to AGS's rigid ethical code. It must be renewed
                       each year based on continuing education and
                       ethical business practice.

   *Certified Gemologist Appraiser (CGA): AGS title for one who is
                                         annually tested on his/her
                                         ability to appraise gems.
                                         Unlike the Registered Jeweler,
                                         A CGA has mastered sophisticated
                                         testing procedures.

   *Master Gemologist Appraiser (MGA): Essentially gods of the gem
                                      world. Similar to a CGA, but to a
                                      higher degree. The only number in
                                      in the hundreds in the states.

* if you deal with either of these types, you should feel confident
  with their ratings and ultimately with your purchase.

Q. Should I buy a loose stone or do I get a better deal buying the whole
   ring?

A. This depends on the store. When setting a diamond, it is common (and
   sensible) to put any defects or "inclusions" under a prong. The problem
   with buying the whole ring is that the stone cannot be examined out of
   the setting. Most stores will not charge a setting fee if both the stone
   and setting are purchased there. Buy the stone loose if you can.

The remainder of this FAQ will deal with GIA terminology unless noted.

Section 2:  Diamond Shapes
--------------------------

Let's define some terms here:

1. Facet...any of the flat "sides" of the diamond.
2. Table...On a brilliant cut (bc) stone...the top octagonal facet
3. Girdle...The (typically )frosty white ring at the widest part.
4. Culet...The bottom point (actually a facet) on a bc stone
5. Pavilion...The portion of the stone below the girdle
6. Crown...The portion of the stone above the girdle
7. Fire...The quality of the diamond that breaks reflected light into
          a colorful array.
8. Brilliance...The quality of the diamond that reflects light without
             changing it (sometimes called sparkle).
9. Fluorescence...The characteristic of some diamonds to fluoresce
                  certain colors under some light.
10. Natural...Usually found on the girdle. It is a small section that
             was on the side of the raw diamond. It appears as a slightly
             rough flat spot on the girdle.
11. Feather...A jewelers way of saying "crack". Appears as a white
              feather within the diamond.


                      Table, Facet
                    _______________
                   /               \
                  /                 \  <-----Crown
    Girdle---->  <<<<<<<<<<<>>>>>>>>>>
                  \                 /
                   \               /
                    \             /
                     \           /
                      \         / <-----Pavilion
                       \       /
                        \     /
                         \   /
                          \ /
                           *  <------------- Culet

Q. Is the shape the the same as the cut?

A. Sort of. The real "cut" as it is referred to deals with the quality
   of the final product in terms of its desired shape (for further
   discussion of cut, see "The 4 C's"). There are essentially 4 common
   shapes of diamonds: Round (or brilliant), Emerald, Marquis and Pear.

Q. What shape are engagement rings?

A. Any one of the above, but the most common is the round brilliant cut.
   It reflects more light back through the top. Many people find
   this dazzling effect makes the ring more attractive. Because of the
   facets or sides, inclusions (defects) are tougher to see. Some
   people prefer the pear or marquis. The emerald cut is less common
   in the <1carat size. The value of the stone is affected in some cases
   by shape. The shapes other than round are called FANCY. The effect
   on price is summarized below:

  Carat Weight (see next section)     Fancy Shapes     Round Brilliant
  ------------------------------      ------------     --------------
       0.00-0.14                       more $$$         less $$$
       0.15-0.29                       similar          similar
       >0.30                           less $$$         more $$$

Q. Why do they seem to follow this pattern?

A. Small rounds are more common, easier to make and sell more quickly
   than fancies. For larger stones, rounds are in higher demand and the
   supply is limited. The only exception is the marquis in the larger sizes,
   which is comparable to or more than the round brilliant

Q. OK, I see all of the terminology...now what is good and what is bad?

A. The first six terms just describe the geometry of the diamond. Fire
   and sparkle are both qualities that vary from stone to stone and are
   affected by the proportions of the diamond. Unfortunately, altering
   proportions to increase one will likely decrease the other. Look for
   a good balance of fire and sparkle. Fluorescence occurs naturally and
   synthetically. It is not common, so jewelers will try to command a
   higher price. In general it does not change the value of the stone
   unless it is severe and it *decreases* the value. Severely fluorescent
   stones often have an oily appearance in sunlight. Naturals if not severe
   are not bad. Small feathers are common. Any crack that extends more than
   1/3 of the way through the stone may cause structural problems.

Q. What shape is best?

A. That depends on the following:
   1. Personal preference
   2. Desired brilliance (round brilliant has the most)
   3. Weight (Fancies look more elegant in large sizes)
   4. How big you want it to look (Fancies tend to look larger)
   5. Shape and size of hand (experiment to find what is most flattering)
   6. Color and clarity of diamond (round brilliant hides defects and
      yellow tints best)

Q. What about rings with many small stones?

A. Stones less than 0.09ct are often used in these rings. The advantages
   of the round brilliant cut in this case are (relative to fancies):
   -more brilliance
   -less expensive
   -easier to replace, match and set
   -flaws less visible
   -lower setting cost

   Fancies allow a wider selection of ring designs and more stylistic
   options. Essentially, rings with small fancies cost more than rings
   with small round stones.

Section 3: The Four C's
-----------------------

Q. What are the "four C's" related to diamond quality.

A. The four C's are the carat (weight), color, clarity and cut of the
   stone. They are described below:

1. Carat:  This is the weight of the stone. Sometimes referred to in points.
           There are 100 points to a carat. A 35 point stone is .35 carat.
           I carat is 1/5 of a gram or 200 milligrams. "Carats"
           represent the weight and not the physical size of the stone as
           is often thought. For example, 1 carat diamond is physically
           larger than a 1 carat ruby since ruby is a more dense substance.

2. Color:  Color is usually undesirable in diamonds.  Typically ratings
           will be alphabetical with "lower" letters being less color.
           AGS has a similar 0-10 scale. The corresponding gradings are
           listed below:

           GIA     AGS ______________________
            D       0
            E      0-1
            F      1-2   Mounted stones appear
            G       2          colorless
            H       3
            I       4 _______________________
            J       5
            K      5-6
            L       6    Mounted stones appear
            M       7    increasingly tinted
            N       7
            O       8
            P       8
            Q       8 _____________________________
           R-U      9  Mounted stones appear yellow
           V-Z      10 ____________________________

           D, E and F are considered "Colorless". G, H, I and J are
           "near colorless". K, L and M are faint yellow or "top silver"
           and N to Z are very light or light yellow. Z+ grades are
           considered "fancy yellow". Most stones you will find will
           be in the E-F to the J-K range.

3. Clarity: You will typically find ratings such as this:

           GIA   AGS
           ---   ---
            FL    0 ......Flawless
            IF    1 ......Internally Flawless
            VVS1  1 ......Very, Very slightly included
            VVS2  2 ......" " to a less perfect degree
            VS1   3 ......Very slightly included
            VS2   4 ......" " to a less perfect degree
            SI1   5 ......Slightly included
            SI2   6 ......" " to a less perfect degree
            I1   7-8 .....Included
            I2   8-9 ....." " to a less perfect degree.
            I3   9-10 ....Severely Included

            Inclusions are imperfections within the stone. Ratings
            from VVS1 to SI2 represent inclusions that are not visible
            with the naked eye. Inclusions range from bits of carbon
            (black spots) to slight cracks (white "feathers" within
            the stone).

4. Cut:  My discussion of cut refers to the round or "brilliant" cut.
         All diamonds are cut. The resultant dimensions of the cut stones
         vary. All dimensions are given as a percentage of the width at
         the girdle. This allows cuts to be numerically similar for different
         sized stones. There are a few accepted ideal cuts, which have
         all of the proportions within a few percentage points of a
         optimum mathematical model. This optimum model provides the most
         brilliant reflection of light through the top of the stone.
         A qualified jeweler can provide you with a more detailed
explanation.
         There is no grading scale widely used for rating cut.

Q. What is a Loupe and how do I use it?

A. A loupe is the primary tool of the trade for inspecting diamonds. It
   is essentially a magnifying glass. Good ones have three lenses in them
   and magnify 10x. To properly use one, hold it about 1" in front of
   your strong eye with the diamond on the other side. To focus on
   various depths within the stone, move the stone, not the loupe.
   Be sure to keep your other eye open.

Q. Which is the most important C?

A. Really the fifth C which has gone unmentioned and that is COST!
   Set a budget and stick with it.

Q. What has the greatest effect on price?

A. In terms of value, they would rank:
   1. Color
   2. Clarity
   3. Cut/Proportion
   4. Carat weight

Q. What has the greatest effect on beauty?

A. Similarly:
   1. Cut/Proportion
   2. Color
   3. Clarity
   4. Carat weight

Q. What is a Lazare diamond?

A. Lazare diamonds have a serial number inscribed on the girdle
   to help identify them. In most cases they are near ideal cut
   stones.

Q. What is a GIA certified stone?

A. It is a stone that has been examined and documented by the GIA.
   It is accompanied with a GIA certificate indicating the location of
   inclusions, the color, clarity, carat weight and includes a note
   about the cut.

Q. What is Clarity Enhancement?

A. Clarity enhancement is a technique used to mask inclusions. A laser
   is used to drill small holes from a facet to an inclusion and chemicals
   are added to bleach out the inclusion.

Q. Is clarity enhancement a recognized technique?

A. The GIA will not grade clarity enhanced stones. They confirm that it
is a diamond with some filler material.

Q. Does the enhancement really work?

A. Sometimes it helps, but other times the drill holes, which look
   like fishing lines from the side, detract more from the stone
   than other inclusions. There is no reason to attempt to enhance
   the quality of stones graded SI2 or lower, since those inclusions
   should not be visible to the naked eye.

Q. Does it affect the durability of the stone?

A. Yes. Because the material filling the stone is different than
   diamond, it will expand/contract differently with temperature.
   You shouldn't use ultrasonic or steam cleaning on these stones
   or you may find yourself with cracks.

Section 4: The Importance of Cut
--------------------------------

Q. Since they rarely grade cut, it must not be important, right?

A. Wrong. Cut is the single most important factor in the appearance
   of the stone. Poorly cut stones will appear dull or have dark spots.
   Well cut stones will be brilliant and fiery if the stone quality
   is reasonable. It is important to be able to judge cut.

Q. What is an ideal cut stone?

A. There are 3 accepted sets of proportions which are considered
   ideal cut stones. They are (all proportions are given as a
   proportion of the girdle diameter):

   1. The Tolkowsky or Standard American Ideal Cut:
      Table Width: 53%
      Crown height: 16.2%
      Overall height: 59.3%

   2. The Eppler or European Cut:
      Table Width: 56%
      Crown height: 14.4%
      Overall height: 57.7%

   3. The Scan D.N.
      Table Width: 57.5%
      Crown height: 14.6%
      Overall height: 57.7%

   The first was calculated in 1919 by Marcel Tolkowsky. It is supposed to
   give the best balance between brilliance and fire. Essentially, the
   larger the table, the greater the brilliance at the expense of fire.
   A generally termed ideal cut will have a table percentage between
   53% and 57% and a depth or height of 58% to 60%. Expect to pay 15%-20%
   more for an ideal cut stone. Avoid stones with table percentages above
   70% or depths over 64% or under 57%.

Q. Why aren't all stones cut to these specifications?

A. Not all can be. Less that 1% of all stones are considered ideal.
   The main motivating factor behind this is money however.  Ideal
   cut stones result in a greater amount of waste. For this reason,
   all but the finest cutters rarely perform these cuts to cut down
   on waste. There are only (last I knew) 3 cutters in the US that
   perform the Tolkowsky cut.

Q. Is there any way to judge the cut of the stone without making these
   measurements?

A. Yes. Well, you can tell if a stone is poorly cut by looking for the
   following:

   * A white circle resembling a donut in the face-up view of a diamond.
     It occurs because the pavilion is too shallow and the girdle is
     reflected out.

   * Obvious dark spots/centers when viewed face-up. These indicate that
     the pavilion was cut too deep.

   * Extremely thick girdles reduce the brilliance and make the stone
     look small for its weight.

   * Look for a girdle that is uneven in thickness (for reasons other
     than geometry) around the stone.

One good way to see how well a stone is cut is to view it straight down on
the table. The table and the four corners form an "square shape". On well
cut stones, the sides of the square will bow in *slightly*. Sides that
bow out are less than ideal. The slight inward bowing may be tough to
detect, so consider a seemingly perfect square to be a decent cut. Severely
bowed in squares are also undesirable.

Q. What should I look for in the workmanship of the stone?

A. Well, first of all, if it is a brilliant cut, make sure it is round.
   Be sure that the culet is not chipped or broken. The girdle should
   not be too thick or its or too thin. The girdle should be straight,
   not wavy from the sides. Be sure that the facets of the crown align
   with the facets of the pavilion. Any misalignment will show itself
   in the girdle. With a loupe of a scope look closely at the girdle.
   Stones that are cut in a hurry will have small cracks that extend
   into the stone, making it look fuzzy or "bearded". Don't confuse
   this with the natural frosty color of the girdle. Sometimes If the
   symmetry of the stone is off, or if it is damaged, extra facets may
   be added. Be sure the table is parallel to the girdle and the culet
   (as seen through the table) is on-center and undamaged.


Q. How many facets are there?

A. On a brilliant full-cut stone there are 58 facets; 32 facets plus
   the table above the girdle and 24 facets plus the culet below the
   girdle. Some with only 18 facets are referred to as "single cuts".

Section 5: Words About Color:
----------------------------------

Q. What is body color?

A. This is the amount of yellow or brown tint within the stone, not
   rare colors that are considered "fancies" (not to be confused with
   cuts other than the brilliant, which are also referred to as fancies).

Q. How do you judge color?

A. It is impossible to accurately judge color in a mounted stone.
   Because of its brilliance, it is best to judge it looking through
   the pavilion with the table down on a while surface.

Q. What is a Premier?

A. A premier is a diamond with a yellowish body color that is masked
   by a strong-blue fluorescence. The diamond will appear whiter than
   it really is. It will always have an oily or murky appearance in
   daylight or fluorescent light. This causes a reduction in value.

Q. My ring fluoresces in certain lights...is that ok?

A. The GIA estimates than 50% of all gem diamonds fluoresce. Blue is
   the most common. It has no effect on value (contrary to what the
   jeweler may tell you) unless it causes the stone to appear murky.
   In that case you should see a reduction in value.


Section 6: Inclusions: What's OK, What's Not
-------------------------------------------

Q. I know that most rings have inclusions, but what is ok and what
   isn't?

A. Avoid the following flaws:
   -Large milky or cloudy areas
   -Big cracks...they threaten the durability. These include big feathers
    (big meaning 1/3 the diameter of the stone or more)
   -Big chips...they'll get bigger
   -Big white, black or colored lines. They reduce brilliance
    and threaten durability.

Section 7: Selecting a stone and the effect of the 4 c's on cost:
----------------------------------------------------------------

Q. I've set a budget, but I find so many stones of all different
   sizes and qualities that fit my price range. Is there a decent
   strategy to use to narrow my choices?

A. My strategy is geared towards getting the best balance between
   appearance and size. It is common to try to get the largest stone
   you can afford. Unfortunately this stone will not demonstrate the
   brilliance *I* desire because of its shortcomings in the other 3
   C's. My approach to narrowing choices is as follows based on the
   four C's is as follows:

1. Disregard carat. We will come back to that later.

2. Color: Take stones of various color grades and compare them so that
          you can learn to tell the difference. At first this will be
          very difficult. Notice the effect of color on price. You will
          that when you go from "near colorless" to "colorless" the
          price skyrockets. Now look at the same stones separately
          and see if you can detect the yellow tinge. Since the stone
          will always be seen on a finger, and not next to a collection
          of other diamonds, concentrate on finding one that does not
          appear yellow without comparison. Most people find that J color
          or lower appears colorless without comparison. Try to view
          in sunlight if possible. Some stores will have a set of reference
          stones which they use to grade the color. You will find these
          useful to see the various levels of color. Once you have decided
          at which point you can detect yellow tinges, you have
          determined an upper limit on your desired color.

3. Clarity: This is the biggest scam going. Use a jeweler's loupe or
            microscope and view various grades of stones. It is easy to
            see differences here. Now view the stones without magnification.
            Even knowing the locations of the inclusions, they should not
            be visible if the stone is SI2 or better. You now know that
            clarity provides high prices with little visible difference.
            If you are a collector, the story is different. If you want the
            most attractive stone for your money, anything higher than
            SI2 is a plus, but not necessary. Inclusions are normalities,
            not abnormalities in a diamond. They are useful in helping one
            identify a particular stone.

4. Cut: This will have the greatest overall impact on the appearance of the
        stone. Unfortunately, it is often the most downplayed aspect of the
        diamond. Diamonds can be cut short and fat, making them appear large.
        The further that they deviate from the optimum cut, the more dead
        spots that will appear. Mall jewelers will often attribute brilliance
        to high clarity and good color. In actuality, the cut affects this.

The carat of the stone will be dictated by your budget and the constraints of
color and clarity. If cut is underemphasized, you may simply be lucky and
find a very brilliant stone that is not much more expensive. It all depends
on the store. Once again, try to view stones in sunlight, as that contains
the highest content of visible light. The lights in jewelery stores could
make a coke bottle in a setting look good.

Once you have decided on a price range, go to the dealer. If you tell them
that you are interested in an x carat stone, they know that you haven't done
your homework. If you tell them that you have a budget of X dollars and you
are looking for the nicest stone in terms of cut and overall appearance in
that price range, and you would prefer a stone that has no visible inclusions
you will do much better. Expect them to suggest some out of you range;
obviously they want to get those extra $$$, so state a budget
slightly less than you really want to spend. If they think that you are
stretching your budget for a nicer stone, they will be more willing to cut
you a break. Also, the price on the tag is never what you pay. Get them to
throw in a free initial appraisal for insurance reasons as well.

Q. How a 1 carat diamond is more than 2x the price of a .5 carat diamond
   even though they are similarly rated?

A. The cost of a stone increases with carat weight. This stands to
   reason, however there is not a general price per carat for all stones.
   Instead there is a price per carat for stones in certain sizes. Stones
   in the 1/3 to 1/2 carat size are cheaper per carat than those in the
   1/2 to 3/4 size. This is to your advantage sometimes. If you would like
   to get, say a 1 carat stone of a certain color and clarity, you may find
   2 with similar ratings, 1 being 0.98 carat and the other being 1.01 carat.
   If the price per carat for "light" carats 0.9 to 1.00 carats is $4000
   per carat but for full carats it is $4800 per carat, the two rings will
   cost $3920 and $4848 respectively. This is a tremendous price difference
   for a 3 point increase in size.

Section  8: Settings
----------------------

Q. I've found the diamond I want, but I don't like the setting...what should
   I do?

A. The setting really compliments the diamond. Make them change it. If they
   are going to charge you, or won't change it, you probably want to do
   business with a different store.

Q. Should I buy a 4 or 6 prong setting for my brilliant cut diamond?

A. This depends on what you like. Smaller stones (0.5 carat) are greatly
   affected appearance-wise by the type of setting. Four prongs tend to make
   make them look more square while 6 prongs cover more of the stone.
   Six prongs will hold the stone more securely in the event that one
   fails...and that does happen.

Q. How important is the setting?

A. Well, like tires to a car, it is the most under-rated part of the whole
   package. It is the only thing that hangs on to your investment. Cheap
   settings are made of stamped yellow gold. The more expensive ones are
   white gold, to die struck white gold and palladium all the way up to
   platinum. Be sure to find out what the setting is made of and don't
   be afraid to spend extra on the setting you want.

Q. How long is a setting good for?

A. It depends on what you do and what the setting is made out of. It
   is wise to have it inspected annually.

Q. Is my diamond covered under my renter's/homeowner's insurance?

A. You should check, but probably not. Most policies will allow you
   to "list" jewelery on a rider for that policy. The cost seems to
   be about $1.75 per $100 of value.

Section 9: How to not get ripped off
------------------------------------

Q. How do I know that I'm getting real diamonds?

A. There are several ways to tell. You can try to scratch it. Diamonds
   are the hardest material on the planet, so if it is real, it won't
   scratch. If it is out of the setting, place it table down on newsprint
   and see if you can read through it. If you can, it is fake. There are
   other tests that you can ask the jeweler to perform in your presence
   to verify its authenticity.

Q. I'm getting by diamond inspected/remounted/etc. How can I be sure
   that they don't switch the stone on me?

A. Know where the inclusions are on your stone. You can have it certified
   by the GIA for a fee. They will document the exact location of all
   identifying inclusions along with color and carat. If you bought a
   Lazare diamond, know what the serial is.

Q. I asked a jeweler how big a stone was and he mentioned something
   about spread. What did he mean?

A. Caveat about size: Always ask how much the stone weighs, not how big it
   is. There is a term floating around call "spread". The conversation goes
   something like this:

   Customer: What size is that diamond?
   jeweler: This stone here is very beautiful...you have a good eye!
             It has a 1 carat spread.

*Note, the customer now thinks the jeweler thinks he/she is dealing with an
educated consumer, so he/she can use the terms of the trade without being
confusing. The customer does not know the term "spread" and does not ask
for fear of losing the image of being educated.

This is what spread is: The spread of the diamond is the weight that an
ideally cut stone with the same outer dimension (diameter at the girdle)
as the stone in question has. The only stones that have equal weights
and spreads are ideally cut stones. Most stones you will find are shallow
cut stones. This means the stone is short and fat. This type of cutting
allows the stone to appear larger while weighing less. As described
before, it affects the brilliance and fire of the stone. A shallow cut
stone with a 1 carat spread will weigh less than 1 carat. A deep cut stone
with a one carat spread will weigh more than one carat. It is good if the
jeweler tells you the weight and the spread as it can help you know if the
proportions are close to ideal (the closer the spread and weight are, the
better). You just have to watch out for jewelers that try to pawn off
the spread as the weight. You can be sure that it is less.

SECTION 10: Metals
-----------------

I.   Gold

Q. Why is gold so popular?

A. It does not corrode, tarnish or rust. It is easy to work with and
   has an attractive color.

Q. Why is gold alloyed so often?

A. Mixing gold with other metals makes it harder and cheaper.

Q. What is Karat?

A. Unlike "carat", karat refers to the purity level of gold. 24K (karat)
   is pure gold. 18K gold is 75% pure gold and 25% other metals.

Q. Which is better, 14K or 18K gold?

A. Neither. 18K is more expensive due to its higher gold content. It
   is also more yellow, but it is softer. 14K holds stones a little better.
   Ultimately it will be dictated by budget or which you like better
   appearance-wise.

Q. How can I be sure that I have real gold?

A. There are 3 tests:
   1. Visual inspection
   2. Acid test
   3. Price test

   The visual tester looks for consistent color. Are there black or silver
   blotches? Is the karatage marked? How heavy does it feel?

   Gold is the only yellow metal that does not react with nitric acid.
   If it is 10K or less, it will probably show some reaction due to
   the other metals in the alloy. Test kits are available at jewelery
   supply stores.

   If the price seems too good to be true...it probably is. To figure
   the value, you need to know the market value for gold, the weight
   of the article and the claimed karatage. The value can be calculated
   as follows:

      Value = weight*unit value*(karatage/24)

   example: say the price of gold is $400 per ounce and you are looking
            at an 18K (supposedly) article that is 1/4 ounce in weight.
            Its value should be about:

            Value=(1/4)*$400*(18/24)=$75

   the price may be higher due to workmanship, but if the asking price is
   $35, you can be sure that it is not 18K or it is not real gold.

   Q. What makes gold "colored"?

   A. Pure gold comes in 1 color...yellow. It can be alloyed to form
      different colors though. Here is a list of gold alloys:

      Color                  Metals
     -------------------------------------------------------------
     Bright  18K           75% gold, 15.5% copper, 9.5% silver
     Yellow  14K           58.5% gold, 29% copper, 12.5% silver

     White   14K   58.3% Gold, 23.5% copper, 12.2% nickel, 5.97% zinc

     Deep                  75% gold, 25% silver
     Green

     Deep                  75% gold, 25% copper
     Pink

     Bright                75% gold, 25% aluminum
     Red

     Blue                  75% gold, 25% iron

     Black                 58.3% gold, 41.7% iron

     Purple                70.5% gold, 5% tin, 1.5% thorium


     The last 4 are difficult to work with and rarely found
     in jewelery. White gold is often coated with Rhodium to
     mask any yellow tints.


II Platinum

   Q. What are the benefits of platinum?

   A. It doesn't corrode, tarnish or rust. It is very hard compared to
      gold and silver, but becomes difficult to work with when mixed
      with iridium...which it is usually alloyed with.

   Q. Why is it so expensive?

   A. First, it is much heavier than gold, so similar settings are
      heavier. Its price per ounce is more than gold since it is
      rarer than gold. It is also must more difficult to work with
      due to its high melting point and rapid setting.

   Q. I hear a lot of other metals mentioned when discussing settings.
      What are they used for?

   A. Metals associated with platinum and used in jewelery are:
      -rhodium...used to plate white gold and platinum for more silvery
                 appearance
      -iridium...alloyed with platinum to make it harder
      -palladium...inexpensive and lightweight...alloyed to reduce cost
      -ruthenium...occasionally used to harden platinum
      -osmium...hardest known metal. rarely used in jewelery.


SECTION 11: Colored Gemstones
-----------------------------

Q. What do colored stone represent?

A. Aside from birthstones, colored gems are becoming increasingly popular
   in engagement and wedding rings. The historical "mystical symbolism"
   of stone colors is outlined below:

   Color                Worn by a man        Worn by a woman
   ---------------------------------------------------------
   Yellow               Secrecy                Generosity

   White (clear)        Friendship             Purity
                        Integrity              Affability
                        Religion               Contemplation

   Red                  Command                Pride
                        Nobility               Haughtiness
                        Lordship               Obstinacy
                        Vengeance

   Blue                 Wisdom                 Jealousy in Love
                        High and Magnanimous   Politeness
                        Thoughts               Vigilance

   Green                Joyousness             Unfounded Ambition
                        Transitory Hope        Childish Delight
                        Decline of Friendship  Change

   Black                Gravity                Fickleness
                        Good Sense             Foolishness
                        Constancy              Constant Love (married)
                        Strength               Perseverance (married)

   Violet               Sober Judgement        High Thoughts
                        Industry               Spiritual Love
                        Gravity


Q. Did you make that up?

A. No...I realize it is somewhat useless, but some may find it interesting.

Q. What are my options for stones in any given color?

A. You'll have to wait until next time!


SECTION 12: Useful Publications
-------------------------------

Most of the information in this FAQ can be found in the two references
listed below along with better illustrations and pictures. I would
strongly recommend the purchase of one or both of these to any prospective
diamond buyers.

1. Engagement and Wedding Rings
   The Definitive Buying Guide for People in Love
   Matlins, Bonanno and Crystal
   Gemstone Press 1990. ISBN 0-943763-05-3
   269pp $14.95

2. The Diamond Ring Buying Guide
   How to Avoid Ripoffs 3rd ed.
   Newman
   International Jewelery Publications 1992. ISBN 0-929972-18-9
   151pp $12.95

Both are excellent guides. I don't think I can recommend one over the
other. The first includes sections on colored gemstones as well.

acknowledgements:

Jeffery A. Miller (millerja@mcs.com)->discussions of clarity enhancement

Dennis Kender (kender@tngstar.cray.com)->thorough spell-checking

******************************End of FAQ**********************************

send any questions to kokerj@rpi.edu

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