The diamond has been considered the ultimate symbol of love.

Sanskrit manuscript called the Arthasastra, or the Lesson of Profit mentions a diamond. One of the first examples of diamond jewelry history when a Hungarian queen's crown, is created. Priscilla was engaged to Elvis with a 3.5 carat diamond engagement ring circled by 21 smaller diamonds and diamond chips. However, cut diamonds would not be available for another half-millennium. The Point Cut was developed which follows the natural shape of a raw diamond, reducing waste in the diamond cutting process.

The earliest European records of the history and art of cutting diamonds originate in Paris where there was a flourishing guild, the "Lapidaries, Jewel Cutters and Engravers of Cameos and Hard Stones." Reference is made to a diamond-cutter named Herman, in 1407. Famous diamonds of the type that have fuelled this literature are held by many diverse owners in collections all over the world. The diamond cutters of Paris were quite numerous in that year, and lived in a special district known as "la Courarie, where reside the workers in diamonds and other stones."

Lodewyk (Louis) van Berquem of Brugge, Belgium created the first cut diamonds when he discovered that diamonds could be cut by their own dust. In Western culture, the endurance and value of diamonds makes them popular for symbolising eternity and love, and they are the stone most commonly seen on Engagement Rings and Eternity Rings. It was during this time of ferment that the first diamond-cutters' guild was formed in Antwerp, located in present-day Belgium.Louis van Berquem invented a diamond polishing wheel called a scaif and introduced the concept of using absolute symmetry in the placement of facets on the diamond.

Mary of Burgundy became the first known recipient of a diamond engagement ring given to her by the Archduke Maximilian of Austria. The history and tradition of the engagement ring begins. The diamond has been considered the ultimate symbol of love since 1447 when Archduke Maximillian of Austria gave Mary of Burgundy a diamond ring as a promise of marriage. The Idol's Eye is a flattened, pear-shaped stone the size of a chicken’s egg that was once set in the eye of a Hindu idol before it was stolen.