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First Time Diamond Shopper


mark117
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Well I am finally getting hitched. I am in the hunt for a nice Diamond ring and had no Idea it would be this difficult. I recently went to a jewler in Philadelphia and liked a diamond that was said to be 1.76 Round F VS2 EGL Triple X for a price of $11,600. I did a little research and when I typed the same criteria in the diamond search online..prices varied from 17K-21K. I then did a little research on EGL and basically everybody said dont buy a diamond certified by EGL. My question is.. Am I able to get the diamond checked by a 3rd party before purchasing the diamond if I put down a deposit? Does this Diamond Critera sound right for that Price?

 

Please help,

 

M

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The price is probably fine but it’s hard to tell. The problem is knowing what you’re getting. Diamonds are generally priced using 4 basic criteria. Cut – color – clarity – weight. There are tons of tutorials on this topic and if you haven’t read any, check ‘em out. The problem here is that you know next to nothing about 3 of those. And the reason you know next to nothing is because your SOLE source of information is EGL, an outfit you apparently don’t trust. The difference between an F and an I is huge, as is the difference between VS2 and SI2 and X and G cutting.

 

Yes, you should insist on the right to have it checked out by YOUR expert as one of the terms of sale. You should have the right to choose whoever you wish, use whatever criteria you wish and return for any reason you wish. The only limit they should apply is that you should do it on a reasonable schedule and, if you return it, everything must be in the original condition. Don’t just get the right, do it. Choose who you want to be your advisor. Appraisers have the same problem as gem labs in that anyone who wants to can call themselves an appraiser so make sure to choose someone who YOU count as credible.

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As a diamond specialist I would defintely recommend buying a diamond graded by GIA. GIA's grading is undeniably recognized international throughout the jewelry industry as the most accurate and unbiased opinion when it comes to grading diamonds. They are the most trusted appraiser on the global market.

 

There has been alot of research into this so it maybe worth reading up on the differences in the grading labs, so that you can get the best possible diamond for such an important occasion!

 

We are loose diamond retailers and don't sell jewellery but we have a report which has some helpful tips into what to look for when buying a diamond which is worth a read so you have an idea of some key things you should look for.

 

 

Also think about CUT. The way a diamond is cut affects not only its brilliance and sparkle ( which is very important) no one wants a dull diamond) but also the way the diamond looks from the top. A diamond that is cut to deep will look smaller from the top and light will not reflect back reducing the diamond's "fire". If you buy a "very good" or "excellent" cut you may pay slightly more, but it will at least make the diamond look its true size. There is no point buying a 1ct diamond only for it to look like a 0.90ct because of a "poor" cut grading.

V This and colour I would say are the two most factors you should consider.

 

 

Also I would recommend purchasing online as you will see in report they are considerable price differences compared to a jewellery store.

 

Good Luck with your search!

Edited by diamondsinafrica
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Hi M,

 

Just a quick note of clarification on the post above: the GIA is not an "appraiser" and will not give you any information with regards to value. As Neil said, you should be allowed to have your expert examine the stone and retain the right to return the stone for any reason within a reasonable time-frame. Many on-line stores offer 30 days with full money back. Try to stay away from store credit only. When selecting an appraiser, I would urge you to seek an independent one. Many appraisers work in retail stores and are invariably biased in their opinions, undermining outside stones in the hope of selling you one of theirs. Keep this in mind as you seek out an expert.

 

Good luck.

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