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A gemologist will describe the characteristics of the stone, including its carat weight, its colour, its cut and its clarity. Then the gemologist describes the metal setting in terms of its type, its purity and any design copyrights on the setting.

If you use those basics to describe the ring, for example, you could write:

'A diamond ring, set in 18 karat white gold, with a 1.02 carat, E colour, VVS1, brilliant round cut diamond." The sentence tells any investor exactly what's being purchased, sold or acquired.

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Q: How would you describe a diamond ring?
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