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   | Appraisal | An expert estimate of the retail value of a stone or piece of jewelry. | 
| Baguette | A gemstone cut in the shape of a narrow rectangle. | 
| Bezel | A gemstone setting where a strip or wall of metal encircles the gemstone. | 
| Cabochon | A gemstone which has been shaped and polished as opposed to faceted. | 
| Carat | A unit of weight measure (1/5th of a gram or 200 milligrams) used for stone weight. (note: carat is not the same as karat) | 
| Cubic Zirconia | A diamond simulant.  A colorless form of zirconia that is very similar to diamond in refractivity and appearance. | 
| Elation | A feeling of happiness, joy, exhilaration and euphoria. Often experienced by recipients of jewelry pieces created by Jewels and Gems. | 
| Facet | Any flat surface of a cut stone.  The arrangement and angle of the facets on a cut stone will amplify the stone's color and brilliance.  A typical center stone diamond has 58 facets. | 
| Gemological Report | A descriptive document that lists the physical characteristics of a stone, including its measurements, weight, cut type, shape, color, species and variety, and also includes a picture of the stone. Also known as a Stone Identification Report. (see stone grading)  | 
| GG | An abbreviation for the title Graduate Gemologist. | 
| GIA | An abbreviation for Gemological Institute of America | 
| Grading | The process of describing and quantifying the physical characteristics of a cut (or uncut) stone. (see stone grading) |