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Dan Kolomiyets

Newbie Needing Some Help

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Im looking to buy an engagement ring and stumbled across markbroumand.com. He seems to have some really nice looking rings but Im very skeptical about buying online. The biggest problem is my knowledge of diamonds and jewelery. Ive been researching a little about the grading system and how it works but I feel like a 10 year old kid trying to purchase a new car.

I am a small business owner myself and pride myself in the quality work that I do. But Ive seen many competitors take advantage of uneducated clients who could have gotten alot more bang for their buck.

The rings Im looking at are between a 10-11k range and I just want to make sure I get what I pay for. Does anyone have any info on this guy, can he be trusted to do good work for a good price?

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Search for him on the forum. Opinions vary - though I would say that regardless of opinions on work and service quality, at $10k a GIA or AGS report on the main stone is a must.

 

BTW - "Purchase Experiences" is for people to post on the experience they had. I have asked the mods to move this thread to "The Rock" where it may get more attention.


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

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I've tried searching but I didn't get many results other then his posts and a few "clients". He is providing a GIA certification which i learned about after reading through this forum.

 

So I guess my real question is about value..we were looking at a 1.21ct Emerald Cut Diamond – GIA Certified at G-VS1 mounted on a platinum ring. There is also a smaller diamond on each side roughly .15-.2ct. Not sure if this is the right place to get advice on this but what do you guys feel something like that is worth. Jewelry isn't my place of expertise but I'm learning and looking around trying to make sure I will be satisfied in my purchase.

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If you use the Diamond Finder database you can get prices for comparable diamonds. One of the issues with non-rounds is that you have very little as a guide on cut quality, and it has a significant effect on prices: for a stone comparable to yours, they go from about $7k to around $5k, so not a small variation.

 

Assuming top quality side stones and workmanship on the ring, $10k may be a bit expensive (if your centre is a 5k stone) or very reasonable - but no way of telling without knowing more about the centre (and the quality of the rest).


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

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For on-line diamond buyers it is very important, IMO, for them to receive more information on the diamond beyond the lab grading report, especially for fancy shapes where the "numbers" don't necessarily tell you if the stone is a face up l@@ker.

Photos and ASET would be very helpful.


Barry
www.exceldiamonds.com
@Exceldiamonds on Twitter

Excel Diamonds on Facebook

sales@exceldiamonds.com
1-866-829-8600
1-212-921-0635

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MB is a reputable outfit. If you send them money you'll get your product. They'll charge your credit card once, for the correct amount, and if you are unhappy with the deal they will honor the return policy. I realize that's pretty faint praise and it's not intended to be a slam, it's just the answer to the first question in your post and it's necessary for any merchant to clear that hurdle before I would even consider doing business with them at any price. Some don't. Actually, a lot don't.

 

 

Dealers set their prices based on a fairly short list of variables and they are well known. It’s easy enough to use the databases here and elsewhere to search for similarly priced things and decide if they’re in the ballpark. Basically it’s shape, weight, clarity, color and lab with a modifier for cutting, marketplace and a few minor variables like fluorescence. You’ve surely already done this so I won’t delve into it but VALUE is a different issue. This gets into what you want and what it would cost to get it elsewhere. Your happiness with the final ring is going to have to do with craftsmanship, design, customer experience, and a litany of other non-gemological properties. Mark is a capable craftsman and they have plenty of people who have been happy with their purchases there. Will you be? Maybe. We can’t address that without far more information and without both talking to you and actually looking at the goods. In other words, without doing a full and proper appraisal.

 

 

The usual problems when people return jewelry after an appraisal and the potential zingers that you seem to be worried about are:

 

Inaccurate grading.

Undisclosed cutting or other 'off cert' problems.

Craftsmanship problems in the mounting or assembly.

Damage.

Engineering problems with the design.

Unpleasant shopping experience.

Price

 

Do any of these apply to the one you’re considering? Maybe, maybe not. The fact that Mark’s selling it isn’t a red flag and you haven’t given us anything else to go on but, in the end, it’s going to require an inspection to answer most of these questions.

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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I think you guys got the wrong idea..Im not planning on buying a returned or unwanted ring. Its a custom design we came up with that is a hybrid between two of his previous desisgns. I dont have pictures or any info other then what i previously stated. But I can provide pictures of a similar ring if that would help with estimating its fair value. I'm still going to look around locally and try to compare. Even though I have a feeling most retail places are going to be more expensive.

Whenever I make a big purchase (this is big for me) I always try to make sure I get the best for what it's worth. Now I'm starting to wish I did research months ago and bought the diamond separately and had it mounted. That's probably the way most of you guys/gals would do it in your situations. But since I don't have the time anymore I want to make sure I get the best I can for my dollar.

Thanks for the responses I appreciate the feedback!

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Very rarely people plan to return items they purchase. However, particularly with something that is expensive, custom made and where you have little information about the specifications (e.g. "emerald cut" - fine, but have you seen how chamfered are the corners of the stone? do you like it?), having the ability to return an undamaged item and getting your money back is pretty important.

 

Best of luck with the ring - and what follows!


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

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Good Luck!


Barry
www.exceldiamonds.com
@Exceldiamonds on Twitter

Excel Diamonds on Facebook

sales@exceldiamonds.com
1-866-829-8600
1-212-921-0635

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Again, Mark Bromand is a reputable outfit and they hire capable craftsmen. They charge reasonable prices for what they sell and it sounds like you are well into the negotiation to get what you want. You're doing just fine but you're right that you're late in the process to be having this discussion. If you want to do further shopping on the diamond itself, have him send it to you before it's set and before he makes the mounting to fit it. Show it to your friends, get it appraised, and look at it in a variety of different circumstances. Decide if you love it. Then send it back to have the ring completed. If you have a problem, pick another stone. He can get just about anything you want. If you're going to do this, it's important to do it BEFORE he does the custom mounting. As Davide points out, shapes can vary considerably from one to the next for the same weight and it's difficult to modify a mounting after the fact.


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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