A method and system for grading a jewelry item is provided. The method includes: capturing an image of the jewelry item; analyzing the image to identify at least one of: one or more inclusions in the jewelry item, a color of the jewelry item, and one or more dimensions of the jewelry item; evaluating a quality of the jewelry item based on at least a subset of features including: one or more sizes of the one or more inclusions, one or more placements of the one or more inclusions, one or more color characteristics of the one or more inclusions, the color of the jewelry item, the one or more dimensions of the jewelry item, or a combination of the foregoing; and determining a grading of the jewelry item in which the quality of the jewelry item is quantified in relation to additional gradings concerning corresponding additional jewelry items.