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A diamond cut is a style or design guide used when shaping a diamond for polishing such as the brilliant cut. Cut does not refer to shape (pear, oval), but the symmetry, proportioning and polish of a diamond. The cut of a diamond greatly affects a diamond's brilliance; this means if it is cut poorly, it will be less luminous.

In order to best use a diamond gemstone's material properties, a number of different diamond cuts have been developed. A diamond cut constitutes a more or less symmetrical arrangement of facets, which together modify the shape and appearance of a diamond crystal. Diamond cutters must consider several factors, such as the shape and size of the crystal, when choosing a cut. The practical history of diamond cuts can be traced back to the Middle Ages, while their theoretical basis was not developed until the turn of the 20th century. Design creation and innovation continue to the present day: new technology—notably laser cutting and computer-aided design—has enabled the development of cuts whose complexity, optical performance, and waste reduction were hitherto unthinkable.

The most popular of diamond cuts is the modern round brilliant, whose facet arrangements and proportions have been perfected by both mathematical and empirical analysis. Also popular are the fancy cuts, which come in a variety of shapes—many of which were derived from the round brilliant. A diamond's cut is evaluated by trained graders, with higher grades given to stones whose symmetry and proportions most closely match the particular "ideal" used as a benchmark. The strictest standards are applied to the round brilliant; although its facet count is invariable, its proportions are not. Different countries base their cut grading on different ideals: one may speak of the American Standard or the Scandinavian Standard (Scan. D.N.), to give but two examples.

The history of diamond cuts can be traced to the late Middle Ages, before which time diamonds were employed in their natural octahedral state—anhedral (poorly formed) diamonds simply were not used in jewelry. The first "improvements" on nature's design involved a simple polishing of the octahedral crystal faces to create even and unblemished facets, or to fashion the desired octahedral shape out of an otherwise unappealing piece of rough. This was called the point cut and dates from the mid 14th century; by 1375 there was a guild of diamond polishers at Nürnberg. By the mid 15th century, the point cut began to be improved upon: a little less than one half of the octahedron would be sawn off, creating the table cut. The importance of a culet was also realised, and some table-cut stones may possess one. The addition of four corner facets created the old single cut (or old eight cut). Neither of these early cuts would reveal what diamond is prized for today; its strong dispersion or fire. At the time, diamond was valued chiefly for its adamantine lustre and superlative hardness; a table-cut diamond would appear black to the eye, as they do in paintings of the era. For this reason, colored gemstones such as ruby and sapphire were far more popular in jewelry of the era.

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