windowshopper
Ideal_Rock
- Joined
- Jul 10, 2004
- Messages
- 2,023
In 1999 I purchased a 3 carat plus EC stone from a jeweler in VA (Bowen''s in Lynchburg). They are a reputable small family owned business and at the time of purchase told me that they offered a full value trade in towards something larger at any time. I actually was always ambivalent about the diamond and as I started reading and learning more I liked it less and less. It was quite dull and small looking for it''s size so in 2002 I asked about a trade up. I was willing to get something more expensive and wanted to trade it in.....The run-around began. First they said they wanted to sell it in the mounting so I sent them the ring. After about 5 months I asked what was going on.....they were sort of noncommittal and I said just send it back. Finally I called and spoke with the owner and said that I didnt understand--I thought their policy was no condition--trade in it for full value as long as you spent more. I said I was willing to spend 10 to 15000 more. He said okay he would start looking around for me for what I wanted but kept saying there was a huge shortage in larger stones and he didnt think it would be easy to find something etc etc. To make this short they just blew me off continually.
When I moved to NYC last year I eventually took the stone to numerous diamond dealers to see about selling it. They all said it was very poorly cut (a depth of 78% making it face up as more like a 2 carat instead of 3.27). Everyone said its was really so poorly cut that it needed to be recut and expressed some concern about a responsible jeweler selling such a stonel. (we all know buyer beware--my responsibility................friends and family recommended them). So I sold it at a substantial loss (3 plus E VVS)--given the time period 1999 to 2004 everyone said if it had been cut even 2b it would have appreciated significantly. Even if it had been a great stone I had always planned to trade up so my real anger is not that the stone was so mediocre but they wouldnt honor their own policy.
I wish I could do sommething to get them in trouble for not honoring their own policy--clearly they knew they couldnt sell the stone to anyone else..............
Thoughts?
When I moved to NYC last year I eventually took the stone to numerous diamond dealers to see about selling it. They all said it was very poorly cut (a depth of 78% making it face up as more like a 2 carat instead of 3.27). Everyone said its was really so poorly cut that it needed to be recut and expressed some concern about a responsible jeweler selling such a stonel. (we all know buyer beware--my responsibility................friends and family recommended them). So I sold it at a substantial loss (3 plus E VVS)--given the time period 1999 to 2004 everyone said if it had been cut even 2b it would have appreciated significantly. Even if it had been a great stone I had always planned to trade up so my real anger is not that the stone was so mediocre but they wouldnt honor their own policy.
I wish I could do sommething to get them in trouble for not honoring their own policy--clearly they knew they couldnt sell the stone to anyone else..............
Thoughts?