Cut and shape are frequently confused. 


Diamond cutting is the art, skill and science of changing a diamond from a rough stone into a faceted gem.
'Cut' has two meanings in relation to diamonds. The first is the shape: round, oval and so on. The second relates to the specific quality of cut within the shape and the quality and price will vary very greatly based on the cut quality. Read more about at Wikipedia, the art of diamond cutting
Shape is the model or form of the diamond, such as round, oval, pear, princess and more. Cut refers to proportions and the finishing grade.
To shallow and / or to deep cut diamonds will lose brilliance through the side and bottom. The result is less brilliance, affecting the ultimate value in terms of quality and price!
The cut is the most important element to reflect brilliance and is determinable by 2 separate descriptions :
2. Finishing & polishing grade.
These are the most important elements for the brightness
of the diamond.
Best Cut = Best Buy: choose first of all the best cut with
good proportions and polishing. That gives the brilliance to your diamond.
Ideal Proportions & Symmetry:
Proportions are the sizes and angles of a diamond defined as:
How Diamond Laboratories grade the cut:
- Excellent or Very Good = Ideal cut
- Fair = acceptable fair cut
- Poor = not recommended cut!
- Unusual = disproportion in cut or fancy cut. Example: horse cut
Ideal cut diamonds are more expensive!
Diamond Cut Grade Chart for round brilliant diamonds
Proportions: Total depth % Table % Crown % Crown angle ° Pavilion % Pavilion angle °
Excellent: 58.0 - 63.5 52.0 - 63.0 12.0 - 16.5 31.5 - 36.5 42.0 - 44.5 40.0° - 41.7°
Very Good: 55.0 - 65.5 52.0 - 66.0 10.0 - 17.5 28.5 - 38.0 41.5 - 45.0 39.7° - 42.3°
Good: 53.0 - 69.0 50.0 - 70.0 8.5 - 19.0 26.0 - 40.0 41.0 - 46.5 39.4° - 42.9°
Fair & poor: less than less than less than less than less than less than
Girdle
Excellent: Thin to slightly thick
Very Good: Very thin to thick
Good: Extremely thin to very thick
Fair & poor: Other
Symmetry is the balance and regularity / evenness of facets.
Facets are compared in opposing pairs,
defined as following:
Very Good. (some laboratories describe this by Excellent)
Good. (some laboratories describe this by Fair)
Poor.
Unusual.
Finish grade or polish for ideal cut diamonds are described as following:
All facets of a diamond are carefully polished to eliminate all imperfections, characteristics such as abrasions, scratches, nicks and polishing marks on the surface of the diamond to give the mirror shine and the final beauty touch.
Very Good. (some laboratories describe this by Excellent)
Good. (some laboratories describe this by Fair)
Poor