A convenient, economical, novel parcel paper for folding to enclose a gemstone is provided, which includes three rectangular sheets of paper (or a paper-like material) and a thin, rectangular substantially transparent viewing pane attached to at least the inner one of the rectangular sheets. The three sheets include an outer cover sheet, a thin central flute, and a thin inner flute. Each of the sheets is configured with an open rectangular viewing window. The viewing pane is attached to the inner flute to form a continuous, unified sheet; thus when the cover, central flute, and inner flute are folded together with their viewing windows aligned, the viewing pane allows observation of the enclosed gemstone enclosed within the folded parcel paper.