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Thebb

Is This A Good Buy?

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Hi guys/gals.

 

I'm going to be buying a loose diamond soon for setting and would like to know your opinion about this diamond specifically.

 

Here are the stats in paper:

 

Round Brilliant Cut

1.27Carats

Color G

Clarity VVS2

Dimensions 6.93X 6,97X4.32MM

Cut VG/EX/VG

GIA cert

 

Please let me know your thoughts, if this seems like a good buy or not.

 

Thanks.

 

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You haven't given us nearly enough information... in many cases, I'd much rather have an Excellent cut with far lower clarity, but

 

1) You may have different priorities

2) There are some VG diamonds that look better than some EX.

 

Can you post the number of the GIA report?


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

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What was it about this one that attracted you?

 

'Good buy' as opposed to what? There are 71 comps in the database (1.25-1.30/G/VVS2/GIA)ranging from $10k to over $17k. That's a big range and I wouldn't call the $10k one a bargain any more than the $17k is a ripoff. Local stores are generally a little more. Stones with some problem outside of what you've shown will be a little less.


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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Nothing specifically about this one attracted me.  This one was offered to me by a jeweler I know. 

 

So I got a copy of the certificate.  Cert. # is: 196873701 with the follow specs:

 

Round Brilliant

Dimensions 6.93 - 6.97X4.32MM

Weight 1.27 ct

Proportions 

Depth 62.2%

Table 55%

Girdle Thin to medium, faceted

Culet None

 

Finish

Polish Excellent

Symmetry Very good

 

Clarity VVS2

Color G

Fluorescence None

 

Price: US$11,800

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The report is not verifiable through the GIA site... which means either it's a very old report (pre-2000) or the number above is not right (or it's not a GIA report). The fact that you only mention table and depth but no cut grade from the report makes me think that:

 

1) It is an old, pre-2006 report

2) The reason why there isn't a more recent report is because something is amiss in terms of cut, or clarity (losing VVS status is very easy: all you need is a tiny chip).

 

This said, I may be completely wrong, and it's just a typo on the number.

 

BTW - neither of the above is a deal killer, but it does mean you need to look at things carefully, and possibly ask the dealer to resubmit the stone to GIA.

Edited by davidelevi

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

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Pre-cut grade... see above.

 

1) Is it still a VVS2?

2) What is the cut like?

(3) Why wasn't the report redone, on a $12k stone?)

 

One possibility, if you like the stone, is to say to the dealer something along the lines of "let's resubmit the stone to GIA; if it comes back G/VVS2/VG I'll pay $11800 + $500 for the new report and your inconvenience, otherwise you keep the stone with the new report".


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

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Yes it is still a VVS2.  All the specs are the same as my original post.

 

I am definitely still a bit put off by the 8 year old report.

 

Let's say we agree on sending it back in, and everything returns the same.  What would be your opinion on the stone itself and price range.

 

This is a jeweler that we have used many times before and I do to a certain extent trust him but would definitely feel much more comfortable with a report that is more recent.

 

EDIT: Just spoke to the dealer.  He will be sending it in for re-evaluation and have the cert. number etched in (which it currently does not).

 

Thanks for your help david.

Edited by Thebb

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What makes it a VVS2 in the modern marketplace is that GIA calls it a VVS2.  The fact that they called it something 8 years ago, unfortunately, does NOT guarantee that this is what they'll call it now, even if nothing has changed with the stone.   Silly I know, but it's a commercial reality and the difference between a G/VV2 and an H/VS1 is a gigantic deal, as is F/VVS1.   It protects both you and him to have it regraded.  Kudos to the jeweler. 

Edited by denverappraiser
  • Like 1

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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Price-range wise, assuming the grades are confirmed, it's fine. There really isn't enough info on the stone to say anything about cut; in the photo it looks like a fancy brown... :)


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

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Sounds good.  FYI, GIA is quoting 30 work days turnaround time right now.  Don't expect it back before Christmas unless you pay double for 'rush' service.


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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Probably yes, taking into account shipping. As I mentioned, at the end of the day it's $100 extra cost for him, but you may baulk out of the whole deal if you have to wait 6 weeks or so.


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

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Hmmm... you seem to have a special sense for ferreting out stones with old reports... ;)

 

The price is about in the middle of equivalent stones. Like all AGS Ideal it is very well (and consistently) cut; I suspect AGS has been slightly generous with the clarity rating, and people may be put off by the crystal which is easy to spot in the magnified photo and video, although it will be totally invisible in reality (just try to size the picture down to real-life size).


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

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