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Certainly, the terms refer to the colour and clarity of the diamond. The colour, denoted as (G), indicates how white the diamond is, with the scale starting from D. High street retailers typically promote H as premium, so G is indeed superior.
The V refers to the diamond's clarity. Diamonds often contain internal flaws known as inclusions, graded by size and visibility. High street diamonds are generally classified around SI (slightly included) or lower. "Slightly included" means the inclusions might be visible to the naked eye but should not dominate. Our classification as V, or VS, indicates they are slightly included, where inclusions are typically only visible under 10x magnification.

In our titanium rings, we set H/Si diamonds, balancing value with quality. For our tantalum rings, which are more premium, we opt for G/Vs diamonds to complement the extra brilliance they afford.

For more information on diamond colour and to view a chart, please visit here.

Further details on diamond clarity and a chart can be found at this link.