Topic summary
gemstones
Extracted from the Wikipedia article Gemstone.
Value
Gemstones have no universally accepted grading system. Diamonds are graded using a system developed by the Gemological Institute of America (GIA) in the early 1950s. Historically, all gemstones were graded using the naked eye. The GIA system included a major innovation: the introduction of 10x magnification as the standard for grading clarity. Other gemstones are still graded using the naked eye (assuming 20/20 vision).