Peer cut is also known as teardrop or penlock cut diamond. This is called a modified luxurious cut diamond, which mixes marquis and oval cuts with a rounded end and a point on the other. Its signature silhouette is instantly recognizable. Peer cut diamond color grades range from G-H to icy cool tones of color grades D-F. Buy pear diamonds online with price and details. Choose a Pear Cut Diamond for an exclusive and good looking engagement ring at Shiv Shambu Online Store. The pear diamond is more unique in the diamond category.