4 replies to this topic

[spschliem]

I found a couple of round cut diamonds that ranged from D, Vs1, VG, 1.03 in the price range of 8200 to 9800. My uncle is very frugle and has a G,SI1, VG, 1.01 GIA certified that he wants me to buy for 5500 that was appraised at 8250. Does this make Sense? Is the 5500 a good buy for this diamond? Thank you very much for your advice.

[ross7]

I found that the "appraised" value is the biggest scam of the diamond industry. Appraisals are typically given at much higher values than the market value. This makes the customer feel good about getting "a good deal", and also jacks up the price of insurance (since the insurance cost is a % of the appraisal value, not the market value).

Is 5500 for the diamond you described a good deal? Only a certified gemologist can tell you with certainty. I would use the price research tool on this site as one starting point. What I can tell you with certainty is to ignore the "appraisal value"

Good luck!
Ross

[moosejaw]

I'd be happy to give some advice in this situation.

I think that appraisal is extremely high from your uncle. The clarity is not very good, and you probably don't know what the cut is like, or understand what the cuts needs to be to make it worth that value.

If you have any other questions, or want some advice just email me, moosejaw@speakeasy.net I am not a jeweler but am an informed consumer and would happily pass onto what I know, from my own buying experience. It would be a pleasure to pass it on.

I think both prices, however, are extremely high and I would not do either.

-Graeme

[moosejaw]

spschliem, whats your email address?

[jan]

Again, learn more about the cut grade of diamonds. It is very difficult to purchase a stone by numbers alone. We actually personally inspect the diamonds before we ship them to make sure that they match the lab report in color and clarity, then we run a sarin analysis and light performance analysis. It all depends on if you want just an average cut grade or something with a lot of pizzazz that will get compiments across the room.



Jan