Got Diamond Questions?
Our community of diamond experts are here to provide answers
Sign in to follow this  
Trajkovicv23

Gia .90Ct, F Colour, Vg Cut, Is2 Advice On Price

Recommended Posts

I am being offered this diamond for $5000cnd in Toronto. The price is near the top end of my budget for the diamond. I looked at it myself (with a scope glass) and did not see any blemishes in the centre, only some minor on the sides. Surprised it was not an IS1 at least. Furthermore, the dimensions of the diamond are rather large for a .90 carat (i think). Anyways, your advice on the price would be greatly appreciated and any advice on what else I should do before buying it (independent appraisal etc.). See the picture for the GIA number and details.

Share this post


Link to post
Share on other sites

Direct link to the GIA reportcheck page:

 

http://www.gia.edu/cs/Satellite?reportno=2111699620&childpagename=GIA%2FPage%2FReportCheck&pagename=GIA%2FDispatcher&c=Page&cid=1355954554547

 

The price is reasonable, particularly if it includes Ontario/Toronto HST at 13.5%. BTW, the colour of the diamond corresponding to that GIA report is E, not F.

 

I'm not surprised the centre of the stone is mostly clean: the grade-setting inclusion (crystal) is off to the side. The big question here for me is cut. On paper, I don't particularly like it, but:

 

1. I haven't seen the stone; you have.

2. You aren't me, and what you and I like in diamonds may well be totally different.

 

If you have seen at least a few other well cut diamonds and this one stands out for you, go for it. If you haven't, then go to Tiffany's (or Cartier) and take a look at their stock first. I'm not suggesting you shop there; you can find equally well cut diamonds a lot cheaper in many other places, but looking is free and it gives you an idea of what else is available.

 

Reading through this introductory GIA paper on cut may also be helpful to give you an idea of what to look for: http://diamondcut.gia.edu/pdf/cut_fall2004.pdf


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

Share this post


Link to post
Share on other sites

Regarding the cut, visually it looked great but obviously that doesn't count for much. One thing I did notice is that the dimensions for a 0.90 carat were quite large. Does that signify that it's a better use of the stone weight? Also it's $5000cnd and then the tax.

Share this post


Link to post
Share on other sites

Yes, it is fairly spready for a 0.90. The average diameter of 150 0.90 stones came up at 6.18 mm, and 6.26 is positioned around the 90th percentile. However, it's largely irrelevant since the human eye at a normal seeing distance will not remember the difference between 6.18 and 6.26, and it will just about be visible in a side-by-side comparison.

 

As to whether a "large diameter" is a good use of stone weight, it depends. Up to a point it may be, but there are trade offs, and at some point those start to hit; for example, this stone has a rather shallow pavilion which may make it less attractive to some since they typically lack contrast. Again - you have seen it, I haven't, and in any case your preferences matter here, not mine. My only suggestion is that you take a look at "the best" available before you make up your mind. And visual impressions count for a lot in this business: people mostly buy diamonds because they look beautiful...

 

Price at CAD 5000 pre-tax is still competitive, but whether it is a good price really depends on whether you like it.


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

Share this post


Link to post
Share on other sites

Really appreciate the input! I will do as you suggest and go see it. Ill also see if this jeweller has a really good 0.90 carat to show me as a comparison that way I can say (side by side) if there is a major difference.

 

One other option I have is to select a 'random' diamond on-line (from somewhere like bluenile.com) and he will bring it in and beat the price listed on bluenile. Problem is I have to choose the diamond and once he orders it, there is no turning back, it's mine. Using this method I can get a similar spec. diamond 'as listed on the GIA certificate'' for cheaper (500-700$ less), which I don't plan to do but rather a better spec. diamond 'on paper' at the same price. I'm wondering if this is a popular way people buy diamonds to get the most for their money or is it better to see what you are buying first. The way I see it, if I am buying an SI2 I want to see it because I take a big risk of the middle being blemished.

 

Again thanks for your help! I'm an engineer by trait so I like to slightly complicate things and ask lots of questions!

Share this post


Link to post
Share on other sites

The "pick a diamond from BN but then it's yours" is not a smart solution, in my view. You can always order a diamond from a good online retailer and send it back with 20, 30 or even 60 days of time (thus giving you plenty of time to avoid credit card charges) if you like it less than you think. Given the small margin that is typical of loose diamonds retailed as virtual stock on the internet, it's not like "your" vendor can beat the price by thousands; $100 would be quite a lot in these circumstances, and as you point out there is risk associated with the "blind choice".

 

"Getting the most for your money" is a very ambiguous expression. First of all because an E/SI2 is neither worse nor better in any absolute sense than an H/VVS1, and secondly because different people "get the most" from very different aspects of what they buy, be it diamonds, cars or books.

 

Final consideration: "buying by numbers" is quite popular because:

 

a. It allows buyers access to many stones at a low price, since sellers don't need to invest time, expertise and equipment in evaluating, choosing and documenting every stone (and the same stone can be offered for sale by many different sellers, since it does not belong to any of them).

 

b. The standardisation of cut styles, cut, colour, clarity grading and other evaluation factors makes "blind buying" round cut diamonds somewhat less blind, just like buying a car that comes out well in independent reviews, tests and reliability rankings is "more informed" than just picking one at random from all the models available. However, there is still some risk: not all red Honda Civics with a 1.6 engine and 5000 miles on the clock are the same.

 

c. Which is why "try before you buy" (return period without penalty) is widespread.

 

Given the option/opportunity, I would always want to see/test what I'm buying. If I trust the vendor, I may require less "seeing" prior to commitment. But trust generally comes with repeat transactions, and people rarely buy diamonds repeatedly, never mind frequently.


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

Share this post


Link to post
Share on other sites

Toronto is my old stomping grounds!

 

I just moved from the northern part of Ontario. I know most of all the diamond guys up there, who is selling that diamond?

 

If I know the dealer maybe I can coax them into shaving the price a little to help on the tax lol :)

Edited by Gerry TheJeweler

Gerry 'The Jeweler'

Share this post


Link to post
Share on other sites

Tomorrow I will go check out some nice stones at Tiffany and see how a similar size compares with what I am looking to get! Thanks for the advice davidelevi!

 

If I decide to close the sale, the dealer told me he will walk me to a local gemologist to verify that the stone he gives me is the one I agreed to buy on paper. Then we go back and i pay for it. he said once i bring in the ring, he will set the stone in front of me. What else should I know before going in? Should I get it appraised before closing the sale?

 

Thanks again davidelevi! Your help is much appreciated!

Share this post


Link to post
Share on other sites

Appraisals generally serve two purposes:

 

1. To check (and describe) what you have bought for identification and issue solving purposes

2. To value it for insurance coverage

 

Depending on what you intend to do with insurance, you may or may not need an appraisal. Having one to inspect condition and quality of the setting is not a bad idea regardless of insurance.

 

If you have no return period, I would make the purchase conditional on the appraisal results; if the vendor will allow you to return the ring for a full refund, then you can organise the appraisal after the sale is closed.

Edited by davidelevi

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

Share this post


Link to post
Share on other sites

I am being offered this diamond for $5000cnd in Toronto. The price is near the top end of my budget for the diamond. I looked at it myself (with a scope glass) and did not see any blemishes in the centre, only some minor on the sides. Surprised it was not an IS1 at least. Furthermore, the dimensions of the diamond are rather large for a .90 carat (i think). Anyways, your advice on the price would be greatly appreciated and any advice on what else I should do before buying it (independent appraisal etc.). See the picture for the GIA number and details.

 

Looking at the lab report, this stone is too shallow on the pavilion.  You will really lose a lot of brilliance and fire in this cut grade.  You should be able to get an ideal cut hearts and arrows for that price range.  I have a .86 ct. AGS ideal cut hearts and arrows in VS2 H for only $4450. 


Jan

For those that want to know the truth about diamonds, just ask.

 

dbof.com

Share this post


Link to post
Share on other sites

I agree with Jan on this, regarding the price, the guy who bought my store in Sudbury, ON, Canada was just telling me that he has many GIA certed stones that are in the following range:

 

.90ct

F - color

SI2 - clarity

EX - Cut

EX - polish

EX - symmetry

None - Fluorescence

 

Prices ranging from $4,350 CAD to $4,750.00


Gerry 'The Jeweler'

Share this post


Link to post
Share on other sites

Here are a few, there are many more. If you are interested in talking with the owner of the store up there, PM me and I'll get you his details. At least it would be in your neck of the woods, and not too far from home.

 

 

GIA - 2141529046

GIA - 5146969248     

GIA - 1139701776

GIA - 2126318235

GIA - 1129563035

 

 


Gerry 'The Jeweler'

Share this post


Link to post
Share on other sites

I stumbled upon this post as I was also looking at this stone for a customer of mine, though he wasn't willing to up his budget past 3800. Between you and me $5000 is too much! I could easily get this exact stone for you for $4200 +HST and still make money for it to be worth my time. As for info about the stone the cut seems quite good on paper, based on the angles it has excellent light return, well within GIA excellent, and quite close to the AGS Ideal (in my opinion a better grading of cut). The stone is listed as hearts and arrows, which is among the finest cuts for round brilliant stones. It is certainly an Si2+ on paper like you mentioned, without seeing it, I would assume it is eye clean. The lower half % is good (80%) the star length is a bit short at 45% (50-55 would be better) but i don't see that having a massive impact. The girdle % also looks reasonable at 3.5% I like girdles in the (2.5-3.5% range). The dimensions are also very good for this stone at 6.26-6.29mm if will face up quite large and because of what I assume to be good light return it will look significantly bigger than an average .9.

 

I am in Toronto, i pride my self on a very HONEST business, and go by the principle that the best advertising is referrals. If you would like this stone I can bring it in for you at the price above, or you can come by my office (midtown, yonge and eglinton) and we can find you a phenomenal stone. My email is aaron@thediamondshopper.ca

 

Good luck on your diamond hunt!

 

Aaron

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this