By John IkvUn, President Nebraska Diamond At Nebraska Diamond we have perfected the Art of making the purchase of engagement and wedding rings easy, comfortable and fun. Over the years our most important business has been producing tens of thousands of happy satisfied customers, one at a time. A major reason for our success is the heavy emphasis we give to providing consumers with the information they need to buy a diamond engagement ring with confidence and knowledge. UNDERSTANDING CLARITY, COLOR A CARAT WEIGHT serious snoppmg tor diamonds Degins witn an understanding of die Gemological Institute of America (GIA) and its diamond grading terminology.. The GIA is a non-profit organization dedicated primarily to the pursuit of gemological education. The GIA is consid ered by die diamond industry to be die final and most authoritative word on diamond grading standards and its diamond grading terminology is, by far, the domi nant terminology used by diamond cutting fimis and jewelry manufacturers throughout die world today GIA diamond grading terminology describes the clarity and color of diamonds. The GIA clarity terminolo gy classifies diamonds based on the number, size, loca tion and description of markings which may be present in or on the diamond. These markings range in size from pinpoints so dny that they can barely be seen under magnification to markings which are large enough to be seen with the naked eye. The GIA color terminology classifies diamonds based on the amount of color saturadon present in the body of die diamond. The accompanying chart shows GIA diamond clarity and color grading terminology A diamond of a specific clarity can occur in any of the colors. A dia mond of a specific color can occur in any of the clari ties. Accordingly, the chart shows 240 possible clarity/colcr combinations. Widiin any specific budget diere is an enormous range of choice in size, clarity and color combinations. “Flawless” clarity and “D” color are die only grades which represent a singular, unwavering, exact and objective standard. Ail of the other clarity and color grades represent subjective classifications of qualifying gemological diaracterisdcs. This subjective nature of diamond grading results in die potential of somewhat differing degrees of interpretation by two or more graders, in other words, multiple graders can examine die same diamond and disagree on the clari ty and color grade of diat diamond. As a result, a dia mond which is assigned a GIA grade by a jeweler who grades on die basis of lenient subjective criteria may actually be significantly inferior to a diamond, with a seemingly low er GIA grade, which has been graded by a jeweler who adheres to strict subjecdve criteria. This means diat aldiough a diamond in one jewelry store may “sound” like a better quality dian a diamond in a second jewelry store, the diamond in the second jew elry store may actually be better quality and substan tially more valuable. runnermore, except ror riawiess ciamy aim “D” color, all of (he other clarity and color grades rep resent ranges of qualifying gemological characteristics. This means that within all of the other clarity and color grades, there are many versions of each grade, eadi different from all others within die same grade, with some versions being considered better, more desirable and more valuable than other versions. For example, if internal markings consistent with a specif ic clarity grade are located on the edge of a diamond where theycan be covered by prongs when the dia mond is set, this version of the clarity grade is consid ered better, more desirable and more valuable than a version with the same internal markings located in the center of the diamond where they cannot be covered by-prongs. Similarly; a version of a specific color grade which is almost the next higher color grade is consid ered better, more desirable and more valuable than a version which is almost the next lower color grade. This means tliat although two diamonds may each be within die same clarity and color grade and, thus, “sound” like equal quality diamonds, one of the dia monds may, in fact, be substantially more valuable dian the other. Most consumers are aware of the fact dial “carat weight” is a standard of measurement in the diamond industry Ffew consumers are aware of the fact that “carat weight” and “size” are not the same thing “Carat weight" denotes the weight of the diamond as measured by a scale. One carat equals 1/5 gram. “Size” denotes the millimeter dimensions of a diamond as measured by a millimeter gauge. TWo diamonds can have the exact same carat weight yet have greatly differing millimeter dimensions. Whether two diamonds of the same carat weight have the same millimeter dimensions depends on how the weight of each diamond is distributed. For example, if one round diamond weighing 1 carat has a great pro portion of its carat weight distributed in its depdi, it will appear to be much smaller in “face-up” appearance than another round cbamwidStal*) weighing 6)1 L__» ♦< - .r-f.-r ;:«vxr! which has a great proportion of its carat weight distrib uted in its diameter. This difference can be very substan tial: Some 1 carat diamonds bee up smaller than some 1/2 carat diamonds. So if two diamonds are exactly the same carat weight, exactly the same clarity and exactly the same color, the two diamonds “sound” the same, yet one can appear to be twice the size of the other. So even though the two diamonds are identical in carat weight, identical in clarity and identical in color, the millimeter size difference can make the larger appearing diamond worth as much as 300% more than the smaller appear ing diamond. When consumers fail to understand that, except for “Flawless” clarity and “D" color, clarity and color grades are based on subjective, and not objective, crite ria, and constitute ranges of qualifying gemologica] characteristics, and when they fail to understand that “carat weight” and “size” are not the same thing, they make costly buying mistakes. As a result of these fail ures, these uneducated consumers, in effect, make their buying decisions with their ears, based only on what the diamond “sounds" like. Educated consumers do not purchase diamonds with their ears. Educated consumers understand that although one diamond may “sound” equal to or better than another, the truth may be otherwise. Educated consumers buy diamonds with their eyes, on the basis of a visual examination. At Nebraska Diamond our staff of Certified Diamontologists* wilt show you your diamond under laboratory grading conditions so you can see your dia mond under the exact same conditions our Diamond Buyer used when he selected it for our store. No other area store provides this service. Accordingly you do not have to take our word for the fact that our diamonds are clearly superior. You will see it for yourself Our incredible diamond inventory is one important reason why Nebraska Diamond will sell more diamond engage ment rings than all of the other area jewelry stores combined. UNDERSTANDING CUT The “cut" of a diamond is divided into two com ponents: (1) “Shape” and (2) “Make”. “Shape” is a two dimensional concept consisting of length and width in which the outline of die outer edge of the diamond in its “face-up” position is described, typical shapes include round, oval, pear, marquise, heart, radiant, princess, emerald and trillion. Each “Shape” is subdi vided into various versions of that “Shape”. For exam ple, some marquise diamonds are long and narrow, others are short and fat, and others are in between. Some versions of “Shape” are considered in the dia mond industry to be considerably better, more desir able and more valuable than other versions. “Make” is a much more complicated concept than “Shape”. “Make” involves the entire geometry and all of the cutting proportions of the diamond The “Make” of a diamond is defined in terms of how the physical dimen sions and angles of cutting interrelate, and how each and all of these factors affect the physical appearance and optical light handling capabilities of the diamond The optical light handling capabilities of a dia mond produce two primary results: (1) Brilliance and (2) Fire. Brilliance is “reflected” light and fire is “refracted” light. In simple terms, brilliance is “wliite” light and fire is light which has been broken down into the primary and secondary spectral colors (red blue, yellow, and their secondary combinations). Reflected light (brilliance) plus refracted light (fire) equals 100% of the light you see. As an increment of one type of light is increased, the increment of die oilier type of light must decrease, because the total of the two cannot exceed 100% of the light you see. These are the laws of optics. Accordingly; if the cutter fashions a diamond to increase its brilliance,’ the co-resuit has to be a reduction in fire. Converse!]; if the cutter fashions a diamond to increase its fire, the co-result has to be a reduction in brilliance, this is why there is no such thing as a diamond cut to maximum brilliance and maximum fire simultaneously. Accordingly there is no such thing as a single “best” cut. Any jeweler who tells you otherwise is giving you a sales pitch. The most important characteristic in light han dling capability that is affected by “Make” is the improvement of the efficiency with which the diamond handles light. When light enters a diamond three things happen: (1) Some of die light is reflected back out from die diamond as brilliance, (2) some of die light is refracted back out from the diamond as fire, and (3) die remainder of the light leaks dirough the diamond and is lost. The more efficient a diamond, the less light it leaks. The less light a diamond leaks, the brighter its overall appearance. A superior “Make” increases the efficiency with wtiich the diamond handles light because a diamond of superior “Make” suffers a comparatively small amount of light leakage/loss. An inferior “Make” decreases the effi ciency with which die diamond handles light because a diamond of inferior “Make” suffers a comparatively large amount of light leakage/loss. Accordingly since a superior “Make” returns to die viewer a larger total volume of light, it appears brighter and shows correspondingly larg j^jolumes of reflected (brilliance) and refracted (fire) r -i light. As noted above, in addition to affecting the opti cal light handling capabilities of a diamond the “Make” also affects the physical appearance of the diamond. Diamonds of superior “Make” face up the size expected for their carat weight and show excep tional brilliance and fire. UNDERSTANDING THE DIFFERENCE BETWEEN RARITY AND BEAUTY As you move up the clarity scale toward “Flawless” you move into clarity qualities tlut are increasingly rare. As you move up the color scale toward “D” you move into color qualities that are increasingly rare. It is important to understand that an increase in rarity does not inherently or automati cally translate into an increase in beauty To the naked eye, there is no difference in beau ty between a diamond graded “Flawless” and the same diamond if it was graded “SI-2”, because nei ther "Flawless” nor “SI-2” diamonds are considered to show markings visible to the naked eye. “Flawless" clarity and “SI-2” clarity are different versions of beauty. The diamond will cost more if it is “Flawless” clarity than it will if it is “SI-2” clarity but that higher cost is primarily a function of rarity, not beauty Similarly, one color is not inherently and auto matically more beautiful titan another. “D” color is icy in appearance compared to “M” color. “M” color is warm in appearance compared to “D” color. “D" color and “M" color are different versions of beauty. The dia mond will cost more if it is “D" color than it will if it is “M” color, but that higher cost is primarily a func tion of rarity, not beauty Rarity is a fact of nature. Beauty is in the eye of the beholder. When consumers assume that higher clarity diamonds are automatically more beautiful than lower clarity diamonds, or assume that higher color diamonds are automatically more beautiful than lower color diamonds, they make costly buying mis takes. Paying extra for rarity does not guarantee you a more beautiful diamond. It bears repeating that edu cated consumers buy with their eyes, on the basis of a visual examination. Uneducated consumers buy with their ears, on the basis of what the diamond “sounds” like. UNDERSTANDING THE TRICKS OF HIE TRADE Consumers should be aware of various trade practices in the jewelry industry which are used to unduly influence buying decisions. The three most prominent “tricks of the trade” are (1) Deceptive showroom lighting conditions, (2) fake sales, and (3) misdirection. Promoting diamond jewelry by showing it undo special showroom display lighting is considered normal practice in the jewelry industry This lighting is recog nizable by its “hot”, “bright” or “intense” appearance, and includes spot lights, flood lamps, reflector lamps, tubular display case bulbs, chandeliers and similar light sources. This type of display lighting is unfair to con sumers because it artificially enhances the appearance of diamond brilliance and fire and, in addition, such lighting makes it impossible to reliably determine dia mond clarity and color grades. The effect is so extreme that even very poor quality diamonds shown under such lighting will sparkle like they belong in the Crown Jewels of England. Professional diamond buyers never purchase diamonds under such lights. Professional diamond buyers purchase diamonds only under laboratory grading lights. Laboratory grading fights are “TUbular fluorescent color corrected daylight bulbs rated at 5000 Kelvin”. Laboratory grading fights neutralize brilliance and fire and render colors accurately. Only under laboratory grading lights do you see exactly what you are buying, with no surprises later. At Nebraska Diamond our Diamond Buyer insists on laboratory grading lights and our customers deserve nothing less. We use laboratory grading lights in every overhead fluorescent fixture in our store. Our customers purchase their diamonds under the exact same lighting used by our own Diamond Buyer. No other area jewelry store provides its customers with the strict 100% laboratory lighting conditions we have at Nebraska Diamond Fake sales have reached epidemic proportions in the jewelry industry. In the fake sale scheme the store places a fictitious and exorbitant “regular" price on the merchandise and then advertises it at some seem ingly giant “discount”. In reality the store has never sold the item at the “regular” price and has simply marked it up to mark it back down to give the con sumer the illusion of a “bargain”. At Nebraska Diamond our pricing policy follows the no nonsense philosophy of “lowest price every day”. This means that you never have to wait for a “sale” at Nebraska Diamond We are very serious about fulfilling our commitment to offer our mer chandise at the lowest prices in the market every day. That commitment is an important reason why Nebraska Diamond has grown to completely domi nate Lincoln's diamond jewelry market. “Misdirection" is the Art of getting the consumer to make a buying decision on the basis of something other than the product itself In the jewelry industry “misdirection” takes two primary forms: (1) Using a “gizmo” to “prove” that the diamond meets a superi or standard and (2) using third party “authentica tion” to “prove" one diamond is better than another. Analyzing brilliance and fire in a diamond is such a complicated subject that to properly study dia mond light handling characteristics the CIA has uti lized computer technology to create a computerized “virtual diamond” with 20,122 different proportion combinations. The GIA studied the way light travels through these 20,122 combinations and measured the brilliance of each through a numerical evaluation the GIA calls “Weighted Light Return" (WLR). Because thousands of these proportion combinations produce beautiful diamonds, die GIA has never been able to develop a scientifically proven cut grade rating system and, in that regard, GIA research is still in progress.. In spite of the foregoing, some jewelers show consumers a gizmo, place a diamond inside and, by virtue of some otherwise invisible pattern in the dia mond revealed by the gizmo, announce that the dia mond cut is perfect and superior in every way. In fact, the gizmo used to reveal the otherwise invisible pattern does not measure beauty or brilliance. The gizmo is a misdirection tool Diamonds which are pushed on con sumers by misdirection tricks are called “Gimmick Diamonds’ by people in the diamond industry. The two most notorious Gimmick Diamonds are the “Hearts and Arrows" diamond and the American “Ideal Cut” diamond, which are marketed at premium prices under a variety of fancy sounding brand names. The “Hearts and Arrows" diamond and the American ‘Ideal Cut” diamond are touted by their dealers as “the most brilliant” diamonds. The claim is pure hype. The American Gem Society (AGS) “0” cut grade is the basis of the “Hearts and Arrows” diamond. When the G1A examined die range of proportions of the AGS “0” cut grade, examples generated a “Weighted Light Return” (WLR) value in die “typical” category for brilliance, an unimpressive rating which is well below GIA's highest WLR brilliance category. In the same GIA tests the American “Ideal Cut” proportions generated WLR val ues in the “moderately low” category for brilliance. Similarly, some jewelers present “certificates” containing third party descriptions of the diamond to “prove” that their diamond is better than the dia mond at the otiier store. The objective is to get the consumer to choose a diamond on the basis of what a piece of paper says about it, and not on the basis of actually visually examining the diamond. After all, if these “certificates” are prepared by independent third parties they must be unbiased and correct, rigid? Not quite. What the consumer is not told is that all these certificates contain accuracy disclaimers and, further, that some third party providers grade diamonds using lenient subjective grading standards so that their “cer tificates” read better and the diamonds described in them “sound” better than if they used strict subjective grading standards. No “certificate”, regardless of its detail, tells you whether the diamond is beautiful or brilliant “Certificates” are misdirection tools. IN SEARCH OF BEAUTY, STYLE AND VALUE Every year at Nebraska Diamond we make thou sands of engaged couples happy they came to see us. The couples who have the easiest, most comfortable and most fun time purchasing their engagement ring all share the same three objectives: (1) They want a diamond they feel is beautiful, (2) they want a ring style they both love and (3) they want the diamond and ring to be within their budget. The most beautiful diamond to one person may not be the most beautiful diamond to another. At Nebraska Diamond our Certified Diamontologists* are educated and trained to listen to you so that they can show you a selection of diamonds having the charac teristics you find the most beautiful. Our tremendous diamond inventory guarantees dial we always have the correct diamond on hand to satisfy all of your require ments for beauty When it comes to ring style selection, Nebraska Diamond is Nebraska’s only Engagement & Wedding Ring Superstore. All the other area jewelry stores com bined cannot show you the ring style selection you will see simply by coming to Nebraska Diamond. We guar antee that no matter where you have been or what you have seen you will be absolutely astonished by the selection at Nebraska Diamond. You, and only you, know what budget is comfort able for you. Our advice to you regarding the topic of budget is very simple: (1) Set a budget. (2) Stay with in that budget. At Nebraska Diamond we show respect for our customers by honoring the budget limitations they set. One of the advantages of being the Engagement & Wedding Ring Superstore is that we have beautiful engagement and wedding rings to fit every budget Any jewelry store can claim to be the “best”, but the proof is in the performance. Any jewelry store can claim to have the “biggest and best selection”, but the proof is in the performance. Any jewelry store can claim to have the “most beautiful and brilliant dia monds”, but the proof is in tire performance. Any jew elry store can claim to have the “lowest prices”, but the proof is in the performance. Our performance record speaks for itself: Nebraska Diamond will sell more engagement and wedding ring? than all of the other area jewelry stores combined We look forward to serving you. •The distinction of Certified Diamontoiogist is awarded by the Diamond Council of America, a non-profit educa tional organization, only after a comprehensive course of study and proven proficiency by testing. Copyright© 2000 Nebraska Diamond Sales Company Inc. All Rights NEBRASKA DIAMOND 8th Floor, NBC Center 13th & 0 Streets Lincoln, Nebraska 68508 (402) 474-6400 USA 1-800-334-GEMS The Engagement & Wedding Ring Superstore*