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Adylon

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Everything posted by Adylon

  1. I'm a finance/commodities guy too... I look at the same graphs about 20x a day But honestly this is a silly endeavor. I mean perhaps 1/2ct or smaller goods can be traded as commodities to some extent, even then there are many variables that can contribute to error. I think something like this could be used as a hedge perhaps for people buying large lots of diamonds. But when you're comparing 1 diamond at a time, so many variables can shift the price +/-20%, maybe more. Averaging out 100 diamonds may make this a good idea, but buying 1 diamond at a time as a commodity makes no sense, especially when we're talking a large, high quality, rare diamond. The more rare a diamond is, the less commoditized it can be due to it's individuality which exponentially increases the error of the price in the commoditization process. When you're investing in 1 diamond, you want the best single diamond possible. It's kind of like someone who wants a rare gold coin or a rare vintage car. It becomes traded less like a commodity and more like a collectible as all the individual characteristics play a bigger and bigger role in determining it's value.
  2. I'm glad you had a somewhat positive shopping experience at Robbin's Brothers with someone who didn't pressure you into buying. Here in the LA area I hear many people tell me differently they they tried every sales tactic to make a sale. Everything they sell however has a huge profit margin and that's something you should be aware of. Like many traditional jewelers, Robbin's Brothers had a good business model 10 years ago. But if you ask me, they're the most guilty however with being out of touch with what the consumer demands.... at least here in the southern california area. Big stores? Check. Big Staff? Check. Big Advertising Budget? Check. Pushing non-GIA/AGS Diamonds? Check. Hiding Diamond Inventory making Comparison Shopping Difficult? Check. Fishy Cut Grading Terminology? Check. High Pressure Sales Tactics to buy On Spot? Check. Huge Markup? Check +++++ In this modern age where consumers demand to be treated honestly and given a fair price on their diamond, a jewelry store like this won't be able to survive under these conditions. We've taken a lot of business from RB in the short time we've been opened, and I'm hoping to open another 2 small stores in the next 18 months and possibly more in the future. RB is a huge player in this area.. it will be interesting to see how they adapt to smaller, more consumer-friendly and highly efficient local jewelry stores such as myself But I do wish them well of course, and I hope you find exactly the diamond you're looking for at a fair price.
  3. Plating is really the only way you're going to get it pink, but like Neil says it's not the best solution for something worn daily. You may end up getting it polished/plated every 1-5 years, depending how hard you are on it.
  4. You can have it plated pink. A lot of pink gold is plated pink believe it or not. If you see something like a coppery/yellow gold then it's probably the natural pink gold alloy color.... but if it looks bright neon pink, its most likely pink plated. Most jewelers can't plate jewelry pink in house, many repair shops don't even do it, so you might have a hard time finding someone to get it done for you. We work with a company in downtown LA that plates everything, that's all they do, and they have 2 different pink plating colors for pink on gold.
  5. Well first let's look at the good news.... It's Ideal Plus which means it's an above average to exceptional cut.... where exactly it's hard to say but at least it's a premium cut. It may not be "super ideal" or anything but it should still look nice. The price is fair assuming it's accurately graded. Now the bad news... The SI2 is a big question mark, that's probably the ONLY thing I would question on that lab report. Even if it's really a E or F color it makes little difference compared to a SI2-I1 clarity price drop. Yes going from D to F for example would impact price, but going from SI2 to I1 is huge. This SI2 clarity grade is the critical component in knowing if you got a good diamond and value. So before you propose I would strongly advise you take the diamond to several jewelers and ask to compare it with other SI2 rounds of that approximate size. Ask them what they think. And DEFINITELY find a good independant appraiser who can give you their honest assessment. Just because it's EGL graded doesn't mean it's graded 100% wrong. But it may be off a grade or 2, and that's something you'll want to know for sure on a diamond of that size especially on the clarity.
  6. Thank you for the link Neil, I found this article very interesting....... my observations: 1) I was surprised on the market share breakdown of GIA, EGL-USA, AGS, EGL-Int'l, etc... I didn't expect GIA's market share to be so big. I assumed EGL-USA was in the 8-10% range and EGL-Int'l slightly less. I didn't realize it wasn't even 1/2 that. Same with AGS, I figured their market share to be at least 3-4%, but it's not even 1/2 that as well. 2) Since when is emerald shape and oval shape popular? Maybe in 3 stone rings. I always assumed asscher was #3, ... it wasn't even #4, 5, 6, 7 or 8???? Wow, I had no idea. 3) I found it interesting there were more I1 graded diamonds then SI3, when in nature of course that's not possible, given the curve of the graph. To me that is obvious proof right there that many SI3 graded diamonds are I1. Later on down in the study it gives market share of labs based on color, clarity, etc... it woudl be very interesting to crunch some #s on those, based on the whole average, and from there you could determine what is natural, and what is unnatural if you know what I mean. Like if you look at EGL-Int'l compared to GIA, they grade H-I-J color diamonds almost twice as much as GIA. Same thing with SI2, more then double GIA percentage wise. This obviously shows the bias for the transitional grades like H-I-J and SI2, etc... where you're borderline white and yellow tinted... or borderline eye clean and not clean. That right there shows how EGL-Int'ls grading is stretched. Same could be applied to the other labs as well.
  7. You're lacking a lot of basic info.... what size is this diamond? what is the clarity grade? who graded it? is it even a natural diamond or was it treated perhaps? This is why we get diamonds that are graded by an independant lab. You're asking me to give an opinion on something which is very unknown so I can't really be of any help. I would suggest you tell your husband that you want the diamond replaced with a GIA graded diamond with a minumum clarity of SI1.
  8. I have to agree with the jeweler, it's very unlikely the diamond would have just appeared one day to have a crack/feather........Was the diamond graded by a lab? Was the feather shown on the diamond plot? I'm guessing it was there all along as well, ans you either never saw it, or maybe from the diamond becoming dirty or something you were able to spot the inclusion more easily. What clarity grade is the diamond and what lab? If it's a high clarity like VS2, SI1 it's possible you just didn't notice it until now.
  9. Sounds to me like the jeweler just bought some stocked mounting from a catalog, had it cast up and claimed it to be custom rather then custom making a matching band that fits your engagement ring. I'd demand what you paid for and were promised. Get a ring that's supposed to fit your engagement ring properly. I wouldn't alter a ring that wasn't made for your egagement ring, it won't look as nice. If you don't have the time to make a nice matching band I guess it's up to you whether you decide to keep it or not. Best of luck
  10. I would advise against this.... women are very cunning and if she were to find out say after too many beers you could wake up one day a few marbles short if you catch my drift Not worth the risk!
  11. If someone offers you cash, just take the cash. Odds of it being counterfitted from a jeweler that's been in the same location are slim to none. If you're really worried about it you can always ask for a company check, but that could bounce if they try to play games I guess... I'd rather have the ca$h.
  12. Like Neil says, price is all relative. It's relative to how fast you want to sell the diamond, really. If you have time, you can put it for sale in the local paper, or ebay, etc and if you got a really good deal on the diamond at the time and it's a very desirable stone that's in demand, you may only lose 10-20% of what you paid. on the other hand if it has an unreliable lab report, lacks a cut grade because it's an outdated GIA lab report, or is an odd quality combination like VVS2/J or like an oval or marquise shape you may have to be patient before it sells or settle for less. And if you want cash tomorrow, then you'll have to take whatever the jeweler offers you unfortunately which is dependant on everything Neil outlined above.
  13. Hello Adylon, Cheapest? I'm a little insulted, As you might already be aware (with a simple search), the stone I chose was in the middle of the price range for similar criteria at Blue Nile. One of the largest retailers, GIA description/cert and all. As objective as there is, right? Lowest price was not my main objective, nor was some subjective quality of service. Would it have been the "cheapest" at your store? When we talked by phone, I felt you were very vague about your stones, but very detailed about your service. If that's your strength, then exploit it. Pierre Hi Pierre, First of all to set one thing straight blue nile is not one of the largest retailer of diamonds, they have less then 1% US market share, they have no stores from which to service customers and they stock very little diamonds. Regarding the "cheap" comment I didn't mean it that way so let me elaborate. First of all it's very normal for a consumer to see 10 diamonds, graded GIA, SI1/G EX/EX/EX, and just buy the cheapest of those 10. After all, they're GIA SI1/G right? Well that's wrong. All GIA SI1/G's are not created equal as you're finding out. Some will be dead on SI1/G, some might be closer to F color, some might be borderline SI1-SI2, some could be super eye clean depending on the type and location of the inclusions. I'm not singling you out, as jewelers we often do the same thing. A customer needs a clean/white stone, we'll source out the cheapest based on those specs....the difference is what they do after they get the stone. If it was graded accurately and they think their customer will like it, they'll show it to them, otherwise they send it back. While other dealers (like blue nile) never see the diamond, or perhaps just don't care, and just want tosell the cheapest diamond based on specs, which is fine too, as long as you understand that error exists and you're OK with it. Often times there's a big deviation pricing for diamonds of the same grade, like 1ct SI1/G EX/EX/EX on blue nile now range from $5361 to $6557. That's a big deviation. Why do you think that is? Someone probably bought a rough diamond and graded it SI2/H and negotiated for that price. The got it graded by GIA and it comes back SI1/G. "Great!" They think, they just made another 20% on their investment, but they can afford to sell it for a little less and get their profit more quickly. Another dealer might have bought a rough diamond and self-graded it VS2/G and now GIA says it's SI1/G. Of course he starts swearing. But they bought the stone for more money and so they have to sell it for more. Or maybe he just feels it's worth more because he knows it's more clean then a typical SI1, but maybe not up to par to get a VS2 grade, so he wants more money for his diamond, which is fine. After all he paid more for it, it's cleaner (in his opinion) so he's entitled to ask more for that diamond if he wants. That's just how it is my friend, the price range of $5361 to $6557 exists for a reason, and it's because no 2 diamonds are created the same in nature, therefore not all SI1/G diamonds are created equal, even if graded equal. That price range is an error of $1196 or 18%. Would you be willing to buy something normally for thousands of dollars that could be worth 18% less? Of course you wouldn't. That's why personal inspection is so critical. If it was my customer, I would have called in 2-3 SI1/G diamonds examined them all and given them my honest opinion. After all I don't own the diamonds, so I have no bias which they pick. And the customer is always welcome to come in the store as well and see for themselves whythis SI1/G is $300 or $800 more then the other. Or I can find them a nice clean GIA graded SI2 (that is borderline SI1-SI2) that's just as nice as the cheaper GIA graded SI1 (that is also borderline SI1-SI2) for less money. It's like buying a used car. You can find 50 2003 honda civics, but there is a reason some will cost $4,000 and others $8,000, because they all vary. Even if you just bought the one for $6,000 because it was in the middle range of the same specs, doesn't assure you'll get something better then a $4,000 car. You wouldn't tolerate that large of an error and buy sight unseen if buying a car, so why would you do it when buying a diamond? Blue Nile is a drop shipper, they do not have physical possession of diamonds, so when you asked them if it was eye-clean they of course probably said yes because that's what they've been told to say for SI1's I assume. Anyhow if you got the diamond, and you understand that it's probably more like between grades SI2-SI1 and you're happy you got it for a very good price considering that, then I wouldn't let the inclusions bother you. Best wishes to you and your fiance and I hope you enjoy your ring.
  14. Did you buy the cheapest 1.05+ SI1/G EX-EX-EX? If so it wouldn't surprise me there is a small visible inclusion. I would say a good 20-30% of round 1ct SI1 GIA have something clearly eye visible, just off the top of my head, don't hold me to that figure..... of course the more expensive ones tend to be cleaner because they're more borderline VS2-SI1, rather then being borderline SI1-SI2.
  15. The answer to your question is your HCA score which is 1.1. That's a very good score. It's not 100% accurate or anything but if you just want a ballpark answer then you should already know it's a very good candidate. But like Barry says, if you want 100% assurance you should examine the stone in person.
  16. Just FYI - I saw one of the Gelin's yesterday and asked him about this because I was just curious now myself. Apparently on the occasion they get an I1-I2, etc stone for which they feel poses a risk (not all do) of breakage, they will ask the customer to sign a liability release form. I asked him what the probability of breakage was in those rare cases, and he said less then 10%. So your jeweler was correct. But it's not GA's policy to do this for all VS2 or less clarity diamonds, etc or anything like that.
  17. First, I'm still in a bad mood and probably shouldn't be posting, but I will anyway.. When you picked that name in 1999 there were thousands of other options out there, not like today's limited pool of great domain names.. Yet you still chose a deceptive name like "at cost" and chose your market at the bottom end with minimal margins.. That's fine, you are welcome to it.. But I have a particular mental hitch with people that claim to sell at or below cost, or wholesale to the public.. I had the same issue with JamesAllen and was thrilled to see them outgrow that gotta be cheap mentality and in to a gotta be great mentality.. It is intentionally deceptive advertising because we all know that you can do neither of those things and stay in business.. I'm just saying.. Exactly. Everyone tries to differentiate themselves in this market and everyone is competitive in their own way. James Allen tries to offer the biggest inventory of photographed diamonds, WhiteFlash and ExcelDiamonds have branded super ideal cut diamonds they stock in house, so does DBF, they stock Royal Asschers in particular, as well as other Gemex analyzed diamonds. Feydakin offers one of kind custom designs, David has a physical inventory of fancy shape and fancy color diamonds. Everyone is a little different, but I promise you they're all competive and thats why they're succcessful. They've established their niche while remaining competitive. You're trying to be more competitive on price with no niche... in a sense, you want to be the Walmart of online diamonds. Well that won't work unless you have very deep pockets. There's always a bigger fish that can undercut you on price.
  18. I sort of have to agree. DiamondsAtCost.com? That's like FreeJewelry.com or FiveDollarDiamonds.com. You're not selling them for $5, not giving anything away for free and obviously not selling anything at cost. A little silly if you ask me. Rather then trying to undercut your competition, why not try to offer unique designs, premium products, superior service... etc.... or try to sell diamonds a little differently then everyone else? Margins online are already very thin, everyone is competitive these days. Whiteflash's margins are as thin as everyone elses. You need to differentiate yourself if you want to thrive on the internet. You may have been around longer then other online dealers, but there's a reason why your market share is the smallest. If you want more business I'd suggest you think about why that is.... Rather then think about ways you can sell cheaper try to come up with ways to sell better. Best of luck to you. Yosef
  19. Hi, Where in CA are you located? We're in Burbank. We are very competitive with sites like BN, etc, you can come in the store and phyiscally compare several diamonds to make sure you get the very best one, and you can get local service as well, 2 things your average online seller can't usually offer. We also give the most generous upgrade policy online as far as I know, you can get full trade in value for both your diamond and your ring when you're ready to upgrade. There are over 40,000 diamonds online right now, check it out: http://adylon.com/search/ If you don't see what you're looking for, please let me know. Those diamonds listed are only a small fraction of diamonds that are available. Best of luck in your search Yosef
  20. Like Jan says you can probably get the same "look" without getting an actual tension ring. Tension rings are basically springs where the diamond is the missing link so to speak keeping the spring opened. But you can build a bridge or something under the stone, around the stone, or there are other ways of making something of the same "look" without it being an actual true tension ring. In fact I'm sure GA would be able to make it for you since they make non-tension products.
  21. Well don't jump to conclusions, I don't think anyone has broken your diamond or is lying to you. I think either GA or your jeweler are concerned about your stone and they are just being cautious, I think it's the jeweler who's worried about liability, but there's nothing shadey about being precautious. If you have it insured I honestly wouldn't worry about it. It is odd they have not said anything for 2 weeks, but if they quoted you a lead time of say 4-6 weeks, perhaps they were just putting it in "queue" with another shipment of diamonds to send to GA all at once rather then pay postage for 1 stone, I don't know. Don't assume the worst. To be honest it really only takes a week to make one, 2 at the most. Jewelers tend to quote longer lead times to give themselves some wiggle room in case something arises which I would think that's the case here.
  22. It is very rare for a diamond to break while mounting. It sounds more like the dealer is trying to cover their ass. I'll ask Abe Gelin about that when I see him this Sunday, I don't think that's their policy and I've never heard that before. What are the specs on your diamond?
  23. It's cut very shallow. What are the dimensions of it? An ideal cut 2ct round will be around 8.0-8.1mm in diameter. That stone with 56.5% depth is probably more like 8.4 or 8.5mm diameter, which is nice because it will look bigger --- sort of, but it will be dead in the center and will have a fisheye effect most likely. Examine the diamond carefully, if there are any dead or dark spots and the whole diamond does light up bright white in all sorts of lighting I would not buy it. But I would probagbly not be a buyer of any round diamond with a depth of 56.5% and table 68% to be honest.
  24. One trend that has not changed is that big/rare diamonds are still in short supply, I don't see that changing any time soon.
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