GIA certificates normal cert vs fancy Color cert

[DiamondsImporter]

Hi All, i recently submitted a small lot of diamonds to GIA, i knew that my diamonds were a little off color when I purchased them, but most of them seem to be coming back from GIA with fancy Color certificates.

only one so far returned with O-P color the others got a fancy color certificate...

One of the stones got the rating - light fancy Grey, SI2 and 1.3 carats

the other turned out to be Light Brown Greenish Yellow... I1 and 1.2 carats

they both look really nice, and to me they looked like L - M color. does the fancy color cert increase the value and are they more desirable than lets say a I or J color 1 carat stone with SI1-SI2.


thanks

 

[Dancing Fire]

Hi All, i recently submitted a small lot of diamonds to GIA, i knew that my diamonds were a little off color when I purchased them, but most of them seem to be coming back from GIA with fancy Color certificates.

only one so far returned with O-P color the others got a fancy color certificate...

One of the stones got the rating - light fancy Grey, SI2 and 1.3 carats

the other turned out to be Light Brown Greenish Yellow... I1 and 1.2 carats

they both look really nice, and to me they looked like L - M color. does the fancy color cert increase the value and are they more desirable than lets say a I or J color 1 carat stone with SI1-SI2.


thanks

No, not grey and browns...
You are fighting a losing battle. If these were nice stones it would have had gone to GIA before it was sold to you... Stop dreaming!

 

[DiamondsImporter]

I didnt know i was fighting any battles, where is the battle?

 

[pfunk]

To be honest, as a rookie to the world of diamonds I would say the battle you are fighting is against yourself. You don't seem to have the knowledge to be getting into the diamond business if you are having to ask consumers on a forum whether your fancy color diamonds are worth more than near colorless diamonds. I have seen your posts and the diamonds you have are turning out to be nothing like what you thought you were getting, and you are likely to lose money in this endeavor. I think you should do a lot more homework before you make any more purchases. I don't mean to discourage you from pursuing this if you really want to, but you have to admit you aren't prepared to continue on with this (certainly not on a larger scale) if you don't know the basics. Slow down and seek far more education BEFORE you make any more purchases that you hope to turn a profit on.

 

[DiamondsImporter]

Thanks for your reply, Its all good. I take all critique good and bad and learn from it, as Im a life long learner. I guess this is the wrong place to talk about diamonds.

 

[Texas Leaguer]

Thanks for your reply, Its all good. I take all critique good and bad and learn from it, as Im a life long learner. I guess this is the wrong place to talk about diamonds.

This is a good place for you to learn. You are just getting some tough love from some folks that don't want to see you putting good money after bad.

A "fancy" cert is not necessarily more valuable than any other cert. It all depends on the attributes of the stone. The normal scale (D-Z) is based upon shades of yellow and brown. If there is any other color(s) present it will be designated by the labels you see under the scale below according to the strength of color. (faint, very light, light - as opposed to a letter designation),



The key to your learning curve (and to your enterprise) will be whether you are able to sell your stones profitably, or at all.

You may have alot of money to devote to your diamond education and that is great. But there is much to learn in other ways that cost far less.

Don't give up on pricescope. There are knowledgeable people here that will help you. But you have to have a thick skin or develop one in a hurry.

 

[Paul-Antwerp]

Bryan is right.

Please just take two steps back and compare the product you expected to purchase and how it turns out:

Expected color: I through M, with sometimes a lucky D.
Result: One O-P, and the others highly undesirable 'fancy' colors, not worth the cost of the grading-report

Expected clarity: SI, definitely eye-clean
Result: One or two SI2, the others I1

For now, you have spent a lot of money on acquiring these diamonds and on the GIA-reports, and the difficult task still has to start: Finding someone who will buy them. And if you are looking at consumer-sales, finding a lot of people who will all buy one.

With that in mind, you have clearly embarked on a journey where you have no idea about the final goal or direction of your trip. Best advice today is to go back home and get at least some sense of where you need to go.

Live long,

 

[DiamondsImporter]

Thanks Paul and the rest of you guys, i really appreciate your comments.

The diamond lot i purchased are very similar colors below most are SI2, the 1.53 i have is similar to this diamond from leibish..

http://www.leibish.com/gray-diamond/154ct-fancy-gray-round-si2-141879-19859

http://www.leibish.com/gray-diamond/100ct-fancy-light-gray-round-si2-106940-17426

even if i were to sell them stones at half that price, or even a little less, i would still make money... my skin is getting thicker!

 

[Texas Leaguer]

Thanks Paul and the rest of you guys, i really appreciate your comments.

The diamond lot i purchased are very similar colors below most are SI2, the 1.53 i have is similar to this diamond from leibish..

http://www.leibish.com/gray-diamond/154ct-fancy-gray-round-si2-141879-19859

http://www.leibish.com/gray-diamond/100ct-fancy-light-gray-round-si2-106940-17426

even if i were to sell them stones at half that price, or even a little less, i would still make money... my skin is getting thicker!

Notice the distinction between light fancy and fancy light. Doesn't seem like much but it makes a big difference in value.

Glad you are developing a thicker skin because you may not like this: The fact that an established specialist has something for sale that is similar to what you have, even at a much higher price, does not mean you will be able to find an actual buyer for your stone. The market for "off color" fancy color stones is extremely small. You will have to somehow find that rare buyer. How will you market your stones? It costs alot of money to develop a professional website and the reputation for expertise in this field that will allow you to cast a wide enough net to find homes for stones like these.

You may find this basic article of value:
http://www.whiteflash.com/about-diamonds/diamond-education/fancy-color-diamonds-1451.htm