The use of baguette cut diamonds is less when compared to that of round diamonds. However, these diamonds have found a place in the jewelry market as they are a lot cheaper than the round and emerald cut diamonds. The baguette cut diamonds are rectangular and have step cuts similar to that of the emerald cut. This cut generally will have 24 facets and the parallel facets are arranged to look like a terrace. It is possible to find smaller carat weights of baguette cut diamonds when compared to the other cuts and therefore the cost factor is generally low.