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Clarity, one of The Four "C"s of judging diamond quality, refers to the presence of surface or internal flaws within a diamond caused during its formation or during the cutting process.
When the marks occur on the surface, they are known as blemishes. The most common types of blemishes include naturals, a small part of the original rough diamond's surface which has been left on the cut diamond; surface graining, transparent stress lines that appear on a diamond's surface; and extra facets, that are usually cut to remove a near-surface inclusion and raise the clarity grade of a stone.
When these marks occur internally, they are called inclusions. The most common types of inclusions include crystals, tiny bubbles representing small minerals that were absorbed into the diamond while it was growing; pinpoints, crystals so tiny that they only appear as little dots under 10x magnification; needles, needle-shaped included crystals; knots, an included diamond crystal that reaches from the inside to the surface of a polished diamond; chips, small, shallow openings on a diamond's surface; cavities, larger chips often created when an included crystal is removed from near the surface, leaving an indentation; feathers, small stress fractures within a diamond; internal graining, stress lines inside a diamond; and clouds, a grouping of inclusions that resembles a cloud under magnification.
All diamonds have such flaws. These imperfections serve as the "fingerprint" of a stone and make each one unique. However, inclusions and other flaws can interfere with the passage of light through a stone, diminishing its sparkle - therefore, the fewer (or smaller) the inclusions, the more valuable the diamond.
In the rarest and most expensive diamonds, the inclusions are too tiny to see even at 10x magnification in good light, which is why these stones are called "flawless" (FL) or "internally flawless" (IF) according to the quality analysis system of the Gemological Institute of America. At the other end of the scale are "imperfect" stones (I grades) with visible faults that mar their natural beauty. Here is the GIA clarity grading system:
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Mother's Jewel Pendant in 14K Pink Gold & Silver with Diamonds
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Diamond Heart Pendant in 10K White and Yellow Gold
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Retail Value: $299.00
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Value: $759.00
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1/3 ct Triple Heart Pendant in 14K White Gold
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1 ct Clover-cut Diamond Engagement Ring in 14K White Gold
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Retail Value: $1,099.00
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Retail
Value: $10,229.00
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