Is an acronim for Very Very Shiny stones. It has nothing to do with the clarity or color, but mainly its brilliance. How the light hits the stone or gem and refracts light, causing them to shine with elegance.

Very, very slight (inclusions). Referring to the clarity of a diamond. The fewer the inclusions (traces of carbon) the rarer and more expensive the stone is.

VVS basically means icing out something

VVS – Водка, Водник, Секс (Vodka Vodnik Sex – Vodka, Bong, Sex).