I have just purchased a 3-stone ring for well below the appraised value (purchased for 1100, appraised at 7600). The ring has a .92 center stone that is an SI3/I1 and two side stones that are .53 each and SI3/I1, the color is light champagne for all stones. I am not sure of the clarity ratings that have been given, as I see SI3 and I1 but each seperately. Based on this information, do you feel that this was a decent purchase and are the stones of decent quality?
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Light Champagne Colored Diamond
Started by krisand44, Dec 29 2005 09:05 PM
1 reply to this topic
#2
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Posted 30 December 2005 - 01:49 PM
Hi krissand44,
your post simply raises a lot of questions.
"Light Champagne" is so ambiguous- it could mean almost anything.
Are the diamonds yellowish, or brownish?
Is the color noticable?
In terms of clarity, the grading is innaccurate by it's very nature. GIA does not recognize the SI3 grade- yet I certainly see the value. There's too much distance between Si2 and I1.
So a diamond which has too much for an SI2 in GIA's eyes, yet the imperfections are "pleasant"- gets lumped with other, far more obvious I1 diamonds
Can you see the imperfections in the stones?
Then there's the appraisal value.
If someone wanted to appraise their 85 Yugo for $100,000, who's to stop them?
What's it worth? $500- but it was appraised for $100,000- it must be a heckuva a bargain at $1000.
At least that's what the seller using such an inflated appraisal value is attempting to have the buyer believe.
If you purchased the ring in a store, or from a dealer, we must assume it was sold for about what it is worth.
In other words, a dealer is not going to sell a $7600 for $1100. If some old lady was sellling her ring which she bought 40 years ago and has no idea of the value, maybe.
Who wants to buy a ring for 1/10th it's value from an unsuspecting seller? If it was a dealer buying, who knew the value, that would be the same as stealing.
Anyway, back to your situation ( sorry for ranting)....
The price is very low for a ring of 1.99 carats.
A ring of legitimately graded J/SI2 diamonds in the size you're talking about could cost from $4500-$6000
A ring of E/VS of the same size can easily top $12k
A nice SI3 Light yellow ring of similar size would be about $3500-$5000
Bottom line: If you love it, enjoy it!!!
That's the most important thing.
your post simply raises a lot of questions.
"Light Champagne" is so ambiguous- it could mean almost anything.
Are the diamonds yellowish, or brownish?
Is the color noticable?
In terms of clarity, the grading is innaccurate by it's very nature. GIA does not recognize the SI3 grade- yet I certainly see the value. There's too much distance between Si2 and I1.
So a diamond which has too much for an SI2 in GIA's eyes, yet the imperfections are "pleasant"- gets lumped with other, far more obvious I1 diamonds
Can you see the imperfections in the stones?
Then there's the appraisal value.
If someone wanted to appraise their 85 Yugo for $100,000, who's to stop them?
What's it worth? $500- but it was appraised for $100,000- it must be a heckuva a bargain at $1000.
At least that's what the seller using such an inflated appraisal value is attempting to have the buyer believe.
If you purchased the ring in a store, or from a dealer, we must assume it was sold for about what it is worth.
In other words, a dealer is not going to sell a $7600 for $1100. If some old lady was sellling her ring which she bought 40 years ago and has no idea of the value, maybe.
Who wants to buy a ring for 1/10th it's value from an unsuspecting seller? If it was a dealer buying, who knew the value, that would be the same as stealing.
Anyway, back to your situation ( sorry for ranting)....
The price is very low for a ring of 1.99 carats.
A ring of legitimately graded J/SI2 diamonds in the size you're talking about could cost from $4500-$6000
A ring of E/VS of the same size can easily top $12k
A nice SI3 Light yellow ring of similar size would be about $3500-$5000
Bottom line: If you love it, enjoy it!!!
That's the most important thing.
