Princess cut diamonds were first called ‘Profile cut’and introduced in 1960 by A. Nagy of London. The current ‘princess cut’ diamond was created by Betazel Ambar and Israel Itzkowitz around 1980, which had a more of a square shape than the profile cut.
A Princess Cut diamond engagement ring is considered a fancy diamond shape. Ideally, this diamond shape comes in square or rectangular cut, usually having 57 to 58 facets. This cut is considered the second most popular diamond shape, after the round cut engagement ring.