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brad200

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hi all...

 

 

looking for an engagement ring.  

 

Round cut with 6-prong tiffany setting

2.5ish carats maximum 

nothing lower than G

nothing lower than VS1

 

 

This is what I have gathered from some limited research, so I was wondering what type of price range would I be looking at?  Tiffany's is in the neighborhood of 90-100k, was wondering what type of change in price could I expect from a non-brand name?  Also, opinions on whether I should buy something of this caliber from a bigger brand name company or can I trust a smaller boutique?

 

 

gracias around fellas...

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A diamond is a diamond wherever it comes from. The Tiffany will have it's own price tag because of the name. 

 

To compare price you can use the diamond Finder link on the top of this page. 

 

Price in the store and price online can be different and understandably so. Online prices could be slightly to significantly lower than the in-store price for the same quality diamond. 

 

Also you don't necessarily have to have a VS1 clarity diamond, you could easily come down to VS2 and increase the weight or colour. VS1 and VS2 aren't likely to be much different visually to the naked eye if they have comparable proportions and other things. 


Swanstar Diamonds.
http://www.swanstar.com.au
Melbourne, Australia.

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A few more points to consider, in addition to Furqan's advice above (which I agree with entirely).

 

1. Setting. A good quality platinum solitaire costs $1500-3000, which is a small percentage of the total you are considering. However, depending on how set you are on certain details (e.g. six prongs; "Tiffany-level" workmanship) not every supplier has something suitable, or is prepared to sell you just a setting. This is not a major issue, but it may require some research on your side, and possibly eventually some trade-off.

 

2. Cut. This is something you don't mention, but it is probably the single largest factor affecting the look of the diamond. Tiffany have well cut, and most importantly quite consistently cut diamonds: you can get a pretty good idea of what they look like in any Tiffany store. The same (consistency) is not true when you shop elsewhere; some vendors have the same consistency (and in my view with better cut goods, as well), some do not - a lab-assigned cut grade is a reasonable point to start from, but for example GIA "excellent" spans a very wide range of looks some of which you are likely to prefer.

 

3. Lab. Again, something that you haven't mentioned, but it's worth thinking about. Tiffany grades in-house, and their graders are pretty reliable. So are those of the other big names (e.g. Cartier, Van Cleef & Arpels), but when you come down a notch or two in prestige, make sure that there is a GIA or AGS report to accompany the stone. Treat anything else with a considerable dose of suspicion, and if the vendor insists that "all labs are equal" or "GIA fees are too high", take it as a sign to change vendor immediately. Link to GIA fees here: http://www.gia.edu/gem-lab-service/diamond-grading(near the bottom of the page, button labeled "Fee Schedule".

 

4. Size: "2.50 ish maximum" is a bit vague. I assume you mean something between 2.00 and 2.49, but whatever is the case, take into account that diamond prices have big jumps every 0.50 ct, and this creates a huge incentive for the cutter to cut something that doesn't look great, but just scrapes into the higher weight category.

 

5. Limited research. I take it that this means talking to your significant other, which is a good thing. However, people are often swayed from qualitative descriptions of G (and H-J) as "near colourless". In practice, most people will see no colour in a well cut I from above, though in 2+ carats the same colour may be easily visible from the side against a white background. Do you mind? Does your significant other mind? There is no right answer, but just like VS1 to VS2, you may be surprised about what you (both) can and cannot see. Go out and look at diamonds, before you set your search parameters.

 

6. Finally, price - here is a link to the database Furqan mentions. Using your criteria, which at the moment are pretty loose (G and above...), you end up with several thousand stones, priced from well over $100k to $16k.

 

Sticking to your current "lower boundaries" of G/VS1 decreases the stones down to a few hundreds, but still results in a huge price range from over $40k to $16k - partly because of weight variation (diamonds are priced per carat), partly because of cut grade and details, partly because of other secondary factors (e.g. fluorescence). Bear in mind that the $40k diamond is not necessarily a rip-off, and the $16k one is not necessarily a bargain. Prices are set the way they are for a reason, and usually in the case of large price differences that reason is pretty visible in reality if not on the lab report; true bargains are very few and far between.

 

http://www.diamondreview.com/diamonds/?sortOrder=price&sortDesc=1&fShape=Rnd&fCaratLo=2.00&fCaratHi=2.49&fColorLo=D&fColorHi=G&fClarityLo=FL&fClarityHi=VS1&fCutLo=&fCutHi=poor&fDepthLo=0.0&fDepthHi=100.0&fTableLo=0.0&fTableHi=100.0&fSymLo=&fSymHi=poor&fPolLo=&fPolHi=poor&fCulLo=&fCulHi=vlarge&fFlrLo=&fFlrHi=vstrong&fPriceLo=0&fPriceHi=1000000000&fLabGIA=1&fLabAGS=1&adv=1

 

To wrap up, and answering your original question directly, you don't need to go to the likes of Tiffany for your purchase, but going to Tiffany, in addition to the brand cachet, elegant stores and nice blue boxes also takes away a fair few headaches. Whether that's worth paying $50k more, it's your call...


Davide - Specialised Consumer Information and Assistance,
Diamonds by Lauren (http://www.diamondsbylauren.com)
davide@diamondsbylauren.com

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hi all...

 

 

looking for an engagement ring.  

 

Round cut with 6-prong tiffany setting

2.5ish carats maximum 

nothing lower than G

nothing lower than VS1

 

 

This is what I have gathered from some limited research, so I was wondering what type of price range would I be looking at?  Tiffany's is in the neighborhood of 90-100k, was wondering what type of change in price could I expect from a non-brand name?  Also, opinions on whether I should buy something of this caliber from a bigger brand name company or can I trust a smaller boutique?

 

 

gracias around fellas...

Hey mate - when looking around, keep in mind that it's the quality/craftsmanship of the diamond, and the quality/craftsmanship of the jewellery that set the real value - branding & marketing are value add-ons - - a hefty price tag doesn't necessarily mean that there aren't others out there that can't provide the same quality/craftsmanship at a reasonable price (you may just have to forgo the bragging rights that come with paying for a brand ;) ). So it's up to you to decide if you're happy to pay a premium on a product that can be found elsewhere at significant savings, without sacrificing either quality or craftsmanship. 

Now...having said all of that...you don't necessarily want to go with the 'cheapest' option either as there is definitely some truth at that end of the industry of 'you get what you pay for'... :unsure:

It doesn't really matter if the vendor you deal with is big or small...the key is that you trust they'll be able to give you the best value for your money.

Good luck

Edited by ADN

Australian Diamond Network

www.AustralianDiamondNetwork.com.au

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Tiffany's isn't really a very good benchmark to be using if price is your hot button.  Their business model is to sell their brand.  You can be confident if you shop there that you'll get quality products, that they will be as described, and that they'll stand by them if you have a problem.  It'll be an easy and pleasant shopping experience.  Even the 'free' coffee is good.  All of that is true. They make no claim that they're the only place where this is true, and they make no claim that they're the cheapest (or even typical).  Their customers are happy with the deal.  No one ever goes in there thinking that's a cheap place to buy stuff. 

Edited by denverappraiser

Neil Beaty

GG(GIA) ICGA(AGS) NAJA

 

There's never a crowd when you go that extra mile.

Professional Appraisals in Denver

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Hey guys thanks for all the help.  Okay I have been using the database referenced above and I see quite a few diamonds that I would be interested in purchasing.  I have never heard of Solomon Brothers, Union Diamonds or Enchanted, is it safe purchasing from these places on line?  I still don't understand certain features:  Depth?, Table?

 

 

Summary
 
Stock number
LD04955302
Price per caratïš
$25,257
Carat weight
2.47
Shape
Round
Cutïš
Ideal
Colorïš
E
Clarityïš
VVS1
Length/width ratioïš
1.01
Depth %ïš
62.1%
Table %ïš
57.0%
Polishïš
Excellent
Symmetryïš
Excellent
Girdleïš
Medium to Slightly Thick
Culetïš
None
Fluorescenceïš
None
Measurements
8.64 x 8.72 x 5.39 mm

 

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All of the companies who advertise in the database are credible.  They have to go through a vetting process before they're allowed to advertise here and the forum would be a pretty hostile work environment  if they had a lot of troubles with their clients.  That said, they have a lot of competitors.  If they don't seem like your kind of people, google around and see what you find.

 

Start with the tutorial above.  It's not that depth is an especially difficult concept or even that it's especially useful for shopping purposes, but it's part of the language of diamonds and it will benefit you enormously to be conversant in these things.


Neil Beaty

GG(GIA) ICGA(AGS) NAJA

 

There's never a crowd when you go that extra mile.

Professional Appraisals in Denver

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