denver

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Everything posted by denver

  1. denver

    James w

    Those are wildly different stones. May I ask why, of all the stones in all the world, you’ve come down to those two? Assuming you aren’t a Qatari, there is very little reason to shop there for diamonds. The tax thing is an illusion. Although it’s true that they don’t charge direct sales taxes there, the merchants pay other taxes. It’s like the ‘duty free’ stops in the Caribbean in that regard. More importantly, and again assuming you aren’t a local, you will be required to pay the tax at the border when you go home. This may be a fine store, or not, but if their pitch is that tax evasion is easy, I’d shy away.
  2. denver

    How Can You Tell if it's Really GIA?

    Rhino, Yes, I find them useful. What listings I check depends on what market I'm considering. In the usual insurance replacement valuations, I use rapnet to find comparable goods because that will be the bottom line of how the insurance company will replace. There are other situations where I want to find an actual retail offer and will go to a retail site. Internet dealers tend to be much more forthcoming about their pricing. Many stores make it very difficult to determine their expected transaction prices because the list prices can be quite different from the selling prices. Neil Beaty GG(GIA) ISA NAJA
  3. denver

    Are diamond's fire safe?

    Cyndi, I agree with barry but with a single caveat. If you put in a claim and the company buys you a new diamond, the old diamond now belongs to them, not you. If you find it, you must report it to the company or you can end up in some pretty serious trouble. They will make a repair/resell decision and move on to the next claim. Most companies are very agreeable about clients who want to buy the 'salvage' and they get very upset about clients who file claimes on items that are later recovered. Neil Beaty GG(GIA) ISA NAJA
  4. denver

    Diamond chipped - Help!

    Brenda, At the risk of sounding self serving, consider hiring an independent expert to help. There are actually several items that may come into play and many jewelers are unfamiliar with the issues surrounding recutting and repair of stones. It’s a question of weighing the expected costs of the cutter, the jeweler to pull and reset the stone, the repair any prong damage, etc. against the expected value of the final stone and the risks inherent in the cutting process. Many insurance companies cover this kind of damage and you should definitely consult with them first. If they process a claim, the cost of the appraisal consultation will usually become part of that claim (which is part of the reason for talking to the company first). Even if they cover the cutting, the claim should cover the ‘loss in value’ of the final stone. Neil Beaty GG(GIA) ISA NAJA
  5. denver

    appraisal company

    IGI and IGL aren't the same company. There are probably other companies that share those acronyms as well so be sure you're all talking about the same outfit. In addition to grading diamonds, GIA runs a college for training Gemologists. Most US gemologists have attended at least one of thier classes. Their graduates can correctly describe themselves as 'GIA trained' or 'GIA graduates' although this in no way constitutes an endorsement by GIA. Each company that issues grading reports can choose to use whatever criteria they wish for their own work. Many will use the GIA grading scales but many will use other approaches. Both EGL and IGI do not use the GIA grading scale although they are similar. I'm not familiar with IGL. Neil Beaty GG(GIA) ISA NAJA
  6. denver

    How Can You Tell if it's Really GIA?

    Hi John, GIA has two different flavors of reports and have revised their format several times since they started this. You can read about the differences on GIA's page here. On one type, there is a number etched onto the edge of the stone with a laser that will match the number on the report. On the other type, there is a map of the inclusions that should match up with your stone under magnification. As Rhino points out, this is a common question for appraisers. Neil Beaty GG(GIA) ISA NAJA