Graduation Cupcake Cutters Set by Autumn Carpenter. This cutter set includes 4 different cutters, which are an owl, ribbon, diploma, and a graduation hat. The owl measures 2 1/4" x 2 1/8", the ribbon measures 1 1/8" x 2 3/8", the diploma measures 2 5/8" x 1 1/4", and the graduation hat measures 3 1/4" x 1 1/2".