When buying diamonds you need to consider the 4 C's - Cut, Clarity, Color and Carat. The last one inform you of the size of the diamond.
For more have a look at the following http://adiamondvault.com/article/diamond-carat-guide/
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18 k
14K nickel white
I believe it means diamond setting
Oh, dude, 1ks on a diamond ring means there's a thousand small diamonds on it. It's like a blinged-out version of a regular diamond ring. So, if you're into that extra sparkle, that's the way to go.
The RJ probably indicates the manufacturer and the 925 indicates that the ring is made of 92.5% sterling silver.