Cut refers to two criteria. The overall shape of a diamond/gemstone and the mathematical proportions of the multifaceted stone.  Diamonds/gemstones are often cut into numerous exotic shapes as set forth below:

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Diamond/gemstone cutting requires the meticulous actions of a skilled craftsman.  Type IIa. solely provides:  Ideal Cut, Excellent Cut and Very Good Cut diamonds/gemstones that reflect nearly all the surrounding and entering light, thereby revealing exceptional fire and brilliance.  Remaining Cut classifications are Good, Fair and Poor.  Only by cutting and fashioning a diamond's/gemstone's numerous facets final shape to precise mathematical proportions, can the beauty and fire locked within the stone be revealed.