There are no universally accepted grading systems for any gemstone other than white (colorless) diamond. 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).
Gemstones are often treated to enhance the color or clarity of the stone. Depending on the type and extent of treatment, they can affect the value of the stone.
A few gemstones are used as gems in the crystal or other form in which they are found. Most however, are cut and polished for usage as jewelry. The two main classifications are stones cut as smooth, dome shaped stones called cabochons, and stones which are cut with a faceting machine by polishing small flat windows called facets at regular intervals at exact angles.
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