The three C's in the Diamond Guide are Color, Cut and Clarity... Combined, they determine the fourth C... The Cost.
Color: Diamonds are rated from D (which is the whitest) to Z (Brown). The closer you get to D the higher the cost. Engagement Ring Diamonds are typically between between D and G in Color.
Cut: There are many cuts but the most fascinating cut is the Round Brilliant!....
Clarity: This reflects the purity of a Diamond. Diamonds are rated by how pure they are or how many inclusions (flaws) they have.
F= Flawless or IF= Internally Flawless
VVS= Very Very Slightly Included
VS = Very Slightly Included (Also VS1 and VS2 are used)
SI = Slightly Included
I = Included (Typically avoided)
Typically, the minimum acceptable as a wedding diamond (unless you can afford more), would be SI or VS2.
Cost: A general order of magnitude of an average engagement ring is $3,000.
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