6 replies to this topic

[Moondiamond]

HI again!

Part 1: I am currently trading in a GIA, oval cut diamond, 1.05 carat, D color, SI1. (I do not have GIA cert on hand)....butcan tell you that its beautiful, and is eye clean.

It was originally purchased back in NOV 2003 for about 4000.00

I am being given a trade-in credit of 2000.00 towards my new, larger purchase.

Does this seem reasonable? I have no idea what current market value is really about.
Am I better off selling it on E-bay or something and then using the cash towards the purchase? Is this even a remotely good idea?


Part 2: If the purchase I am looking to buy is on consignment with my jeweler, is there usually any room for negotiation on the price? If only 500.00 off or so? Or is this bad taste to ask? I mean it seems Im basically trading in a used one for another used diamond, right?

[davidelevi]

Part 1: it may be a reasonable offer. It depends on what your diamond looks like (beautiful to you, but to the vendor? How quickly can he/she hope to resell it, and for how much? Is it totally eye clean? Are the proportions what the average person looks for in an oval? Are ovals popular at the moment?) and on what is the other stone: if it's a 2.15 H/VS2 round, it's a different matter than a 4.59 M/VVS1 marquise, beautiful stones though both may be.

EBay, Craigslist etc. are all good avenues if you have excellent selling and marketing skills, a blemish-free selling feedback record in the hundreds, and a few months of time. If what you want is more money, but you are not in a hurry, try consignment.

Part 2: it never hurts to ask, and the worst that can happen is they say no. Trading is exactly what you are doing, and negotiation is what trade is based upon.

Good luck! And let us know how you get on. Photos of the finished article, preferably on your hand, would be most appreciated.

[HeartAndStone]

Hi Moondiamond!

Ask your jeweler...
After seven years you can still revive 50% of its original value, that's good.
Just be 'extra' nice, maybe you can ask for a higher clarity as a 'deal' for your next purchase.
Buyers on ebay usually look after seller's history / good reputation etc...Weigh things out.

[denverappraiser]

With trade in deals, always consider both sides of the transaction. The amount they’re charging for the new one is every bit as important as the ‘discount’ that you’re getting for the tradein. I suspect you’ll find that a D/Si1/oval will be a little difficult to sell on your own but it’s not out of the question that you’ll be able to get more than that in a direct sale to a consumer. As is pointed out above, this has as much to do with your own selling skills as it does with what you’re selling. Some people are a lot better at this than others. Some find the selling process to be good entertainment and some find it to be pure torture. Obviously your jeweler plans to sell it to someone else for more and make a profit on the deal and a key question is to decide if this service is worth the cost. For most people, I think a $2k offer is pretty reasonable if the other stone is priced right and it ends up with what you actually want.

It's worth noting that this is a pretty competitive business. There are LOTS of jewelers out there. It may be worth your time to visit a few more and see if someone else can put together a better deal. Make sure to take that GIA report with you when you're visiting them and consider both sides of those deals too.


Is the selling part of this deal a consignment offer or part of a cash deal? The difference is important.

Edited by denverappraiser, 06 October 2010 - 05:52 AM.

[Moondiamond]

Thanks for the responses... The trade in of the oval is what we are going to use to get a "credit" towards the new stone we are looking at. The stone I hav been looking at is the one I posted under the title" Looking to purchase this stone" That particular new stone that we are looking at ,I believe, is a consignment stone.
So, the cost of the new stone is 7500.00 and with our 2000.00 credit, we will pay 5500.00.

***If denver appraiser or anyone else would comment on the stone in the topic "Looking to purchase this stone." That would be helpful to me! (Neil,I did e-mail you at gemlab a few days ago..maybe you didn't receive it?)***

THANKS to everyone who is helping me out...this is a big deal and is causing me to be a crazy person!

denverappraiser, on 06 October 2010 - 05:49 AM, said:

With trade in deals, always consider both sides of the transaction. The amount they’re charging for the new one is every bit as important as the ‘discount’ that you’re getting for the tradein. I suspect you’ll find that a D/Si1/oval will be a little difficult to sell on your own but it’s not out of the question that you’ll be able to get more than that in a direct sale to a consumer. As is pointed out above, this has as much to do with your own selling skills as it does with what you’re selling. Some people are a lot better at this than others. Some find the selling process to be good entertainment and some find it to be pure torture. Obviously your jeweler plans to sell it to someone else for more and make a profit on the deal and a key question is to decide if this service is worth the cost. For most people, I think a $2k offer is pretty reasonable if the other stone is priced right and it ends up with what you actually want.

It's worth noting that this is a pretty competitive business. There are LOTS of jewelers out there. It may be worth your time to visit a few more and see if someone else can put together a better deal. Make sure to take that GIA report with you when you're visiting them and consider both sides of those deals too.


Is the selling part of this deal a consignment offer or part of a cash deal? The difference is important.

[denverappraiser]

I'm pretty good at responding to email and I don't recall hearing from you. Try again please.

neil@gemlab.us

[Moondiamond]

Hi Neil...I figured something must have gone wrong...because I've sent two? Is it possible that it is going into your spam folder? I am sending from a yahoo(rocketmail) account???
I tried to e-mail you directly from this site, but it just gave me an error? Weird?

Here is what I sent:

I am e-mailing you regarding a post I made on "Diamond Review." I got your contact info from another, older post. I hope this is okay to contact you through this channel. I couldn't quite figure out the PM'ing and I had read that people were having some issues with it. If you would prefer I contact you another way, please let me now what your preference would be.

My post was: "Looking to purchase this stone" (by: Moondiamond) It's under "The Rock"

I would love your thoughts, as you always seem give people good advice, with no b.s.!

I am going back on Friday to view a wax setting that I am considering for the stone, and I was just hoping to receive more feedback before friday.
LaurieH did respond and I responded back with some additional info and questions. Any advice would be great. I do want to tell you that this is not for investment purposes...well, what I mean is, this will likely be the diamond I wear to the grave. So, I'm not really concerned about trade in value down the road etc..

One last thing (that I did not post) is that I am trading oi another diamond from my previous marriage and receiving 2000.00 trade in credit for it. So, we will really be paying 5500.00, with our trade. Not sure if this factors in at all.

I am more concerned with a pretty diamond than a pedigreed diamond, but at the same time; I do want to make a smart purchase. Basically, I do not want to get ripped off. I do trust my jeweler, but I'm the constant skeptic and conspiracy theorist...so, that does not always make purchases fun! I'm also, as you will see in my post, a great sufferer of buyers remorse and second guessing. What a combo, huh?

Thanks in advance for any and all help Neil!


********************Here is what I posted under "looking to purchase this stone"*****************

Hi,

I went to my jeweler today and viewed several loose stones for my engagement ring.

This one really stood out as it was very pretty, and sparkled like crazy (inside their office close to and away from natural light, in the elevator, under the indoor building lighting and outside in the sunlight etc...)! The price is: 7,500.00

I was hoping for some thoughts from the appraisers and jewelers that are always so kind to offer their opinions! Thanks in advance for any and all helps/comments etc!

GIA Cert
Round Brilliant

Measurements: 7.40-7.47x4.53mm
Carat weight: 1.54 carat
Color Grade: I
Clarity grade: SI2
Cut grade: Very Good

Depth: 60.9%
Table: 59.0%
Crown Angle: 35.0
Crown Height: 14.5%
Pavilion Angle: 41.0
Pavilion Depth: 43.0%
Star Length: 55%
Lower Half: 80%
Girdle: Medium to slightly thick, faceted
Culet: None

Polish: Good
Symmetry: Very Good
Flourescence: Strong Blue (I know that some are totally against fluorescence of any type)

Comments: clouds are not shown


********************************************************************************************************************************

So, in a nutshell...I;m trading in my 1.05 oval for a credit of 2000.00 towards the purchase of the above listed stone priced at 7500.00. So, we will likely be paying 5500.00 cash for the new stone.

THANKS NEIL!!!

denverappraiser, on 06 October 2010 - 07:14 AM, said:

I'm pretty good at responding to email and I don't recall hearing from you. Try again please.

neil@gemlab.us