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»  » Diamond Prices and Grading »
 » RockyTalky
»  » Fair value of diamonds at auctions
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Fair value of diamonds at auctions |
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| P: 8/7/2004 12:29:00 AM | |
chelsey Rough Rock Total Posts: 6 Last Post: 8/10/2004 Member Since: 8/6/2004 |
I saw a bid on a diamond on BIDZ.com. I want to know why do they have such a HIGH close now price of +50K. What price would the appraisers have paid for such a ring. Information on this ring is available at http://web-1.bidz.com/productDisplay.php?lotid=5983495 I saw a ring for close out price for 112,000. They seem outrageous or I just do not enough about diamonds.
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| Posted: 8/7/2004 12:29:00 AM | |
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There are 7 replies to this message. There are 7 replies on this page. |
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| P: 8/7/2004 3:34:29 AM | |
Diamondsbybree Ideal Rock Total Posts: 575 Last Post: 5/5/2005 Member Since: 6/24/2004 |
Bidz.com sells alot of commercial quality stones and jewelry. And the prices they give for an estimated retail value are completely ridiculous~! That ring is no where near $50,000....  Maybe $1000.....Please think carefully before purchasing from them.
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| Posted: 8/7/2004 3:34:29 AM | |
| P: 8/7/2004 8:45:25 AM | |
denverappraiser Ideal Rock Total Posts: 4,614 Last Post: 11/22/2009 Member Since: 7/21/2004 |
chelsey, The 'close out price' is an offer to sell. Asking for $50,000 and getting $50,000 are not the same thing. They are welcome to ask whatever they like for their merchandise but this doesn't make it a good idea to shop there, even if they actually sell at a substantial discount from the original offer. Many stores use this tactic but Bidz.com seems to be more aggressive than most. This estimate looks, ummm, optimistic. Neil Beaty GG, ISA Independent Appraisals in Denver www.gemlab.us There's never a crowd when you go that extra mile. |
| Posted: 8/7/2004 8:45:25 AM | |
| P: 8/7/2004 7:00:44 PM | |
867V309 Rough Rock Total Posts: 43 Last Post: 7/24/2006 Member Since: 6/19/2002 |
I'm not quite sure what your asking when you say " What price would the appraisers have paid for such a ring" ? Jennifer Thornton-Davis |
| Posted: 8/7/2004 7:00:44 PM | |
| P: 8/9/2004 10:37:37 AM | |
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chelsey Rough Rock Total Posts: 6 Last Post: 8/10/2004 Member Since: 8/6/2004 |
What would you have paid for it tp purchase this same diamond?????
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| Posted: 8/9/2004 10:37:37 AM | |
| P: 8/9/2004 10:48:45 AM | |
valeria101 Ideal Rock Total Posts: 14,048 Last Post: 4/30/2006 Member Since: 8/29/2003 |
These quotes are ridiculeos to say the least! (ok, think, "sameless"!) For many these diamonds would not be suitable for jewelry at all at these grades and even on Pricescope's database the center diamond would come at around 2k. The diamond selection page at Blue Nile makes a greta tool to learn quickly what range of diamonds could be had at a given price range. The rest of the ring could not be more tha 1k... But again, I would think thrice before handing any amount on it given the low grades and the uncertain color, clarity and weigt ranges. There are much better shops on the net these days, and I do not mean only around Pricescope. Actually, there are so many question marks in the presentation of that ring that almost any other online shopw would look great in comparison  I sincerely thing that a quick read though the tutorial here would be of great help  Ana "The greatest experts are only as good as the sum total of what they have seen." [Souren Melikian] |
| Posted: 8/9/2004 10:48:45 AM | |
| P: 8/9/2004 10:50:18 AM | |
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Diamondsbybree Ideal Rock Total Posts: 575 Last Post: 5/5/2005 Member Since: 6/24/2004 |
For that particular I2 diamond? Alot less than what it sold for.
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| Posted: 8/9/2004 10:50:18 AM | |
| P: 8/9/2004 10:59:05 AM | |
noobie Ideal Rock Total Posts: 1,318 Last Post: 9/21/2007 Member Since: 3/3/2004 |
chelsey,
I infer from your posts that you are looking to buy diamond jewelry on the internet and resell it locally. I would think if you are planning to do that, you could ask the experts how best to get into the trade. In my non expert opinion, I think you would better off trying to establish relationships with the wholesalers of these kinds of things rather than trying to arbitrage retail.
good luck at wahtever you are looking to do
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| Posted: 8/9/2004 10:59:05 AM | |
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