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»  » Diamond Prices and Grading »
 » RockyTalky
»  » Determining price of my diamond
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Determining price of my diamond |
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| P: 12/29/2005 5:27:57 PM | |
iluvmydog Rough Rock Total Posts: 18 Last Post: 1/21/2006 Member Since: 12/29/2005 |
Hi - I, unfortunately, can no longer wear my engagement ring because I am getting divorced. I hate to part with it - but I know I am not alone. Anyway - so far I have spoken to 2 jewelers, and I got 2 very different prices. First, here is the information on the diamond as well as the mounting: The diamond was GIA certified in October of 1998. So unfortunately I do not have information on the pavilion etc. Here is what I have: Round Brilliant 6.69-6.73 x 3.76MM 1.01 carats Depth is 56% Table is 64% Girdle is thin to medium, faceted Culet - None Polish - Very good Symmetry - Very good Clarity - VS2 Color - H Fluorescence - None I have learned that the cut is not a good one. I seem to recall that my husband chose to go with a diamond that appeared a bit bigger, even though the depth was sacrificed. I happen to think it is a beautiful diamond with a great deal of beauty - but when it comes to how diamonds should be cut - this diamond was cut to appear larger and cost less. The diamond was purchased based on a referral, and we do know the owners. The mounting is all platinum, diamonds in mounting are of same quality as above. One round .40ct diamond on either side of large center stone, followed by two baguettes on either side. Ring's appraisal by jeweler is $9400. I believe it cost about $7500. Jeweler #1 called a diamond wholesaler for me in NYC and he said the diamond's wholesale worth (diamond alone) is $5300. He did NOT tell them the cut dimensions. He said the total price of the ring - retail - would be about $8900 (wholesale about $7400.) But he said ofcourse I would not get a jeweler to buy it from me for anywhere near that. He offered to put it in his case and sell it on consignment. That he would get 1/3 and I would get 2/3. Jeweler #2 looked at the ring himself and immediately commented on the cut. He said he does not even sell diamonds with a 56% depth and many people nowadays would not buy such a diamond. He said I could not get more then $2500 for the diamond alone. He said my best bet is to sell the ring already set - not to try and sell the diamond by itself. He said my first step should be to go back where it was bought - and they should try to sell it for me - for a 20% commission. OR he suggested I remove the diamond, and put a saphire in it. Or remove the diamond and make a pendant or ring. And take the 2 side stones and make studs. The setting he had for a ring was very nice - and did not look like an engagement ring. But having the diamond reset in the mounting would run me about $900. Can anyone give me a good idea on what this diamond is worth? It does not seem worth it for me to try to sell it - I hate to lose the value of the diamond by selling it, but on the other hand I don't know if I want to have it reset. Any feedback on the cut etc, is much appreciated!! |
| Posted: 12/29/2005 5:27:57 PM | |
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There are 14 replies to this message. There are 14 replies on this page. |
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| P: 12/29/2005 5:56:27 PM | |
diamondsbylauren Ideal Rock Total Posts: 1,128 Last Post: 1/5/2006 Member Since: 10/18/2003 |
So sorry to hear about the divorce...... I hate to say it but guy#2 is much closer to reality. When people ( consumers) want to sell diamonds to dealers, or stores, they are in a terribly "upside -down" position. When this diamond was purchased, the price paid was quite high- so recovery becomes far more difficult. Even if the diamond was bought for a good price originally, it's still difficult for a consumer to recoup in full- allthough, the rise in prices means it may be a little easier for those with desirable diamonds to sell. then there's the cut: We can't say a diamond is well cut simply from numbers- but we can say that a diamond with a depth of 56 with a 64 table is going to be recognizable as "off made" These two factors mean that you will get less than 1/2- possibly only 1/3- of what a well cut 1.01 H/VS2 goes for today If you sell to a store, it will be less hassle, but you will get less than if you sell it privately. I'd leave the ring intact, and try to sell as is. Sorry....... David |
| Posted: 12/29/2005 5:56:27 PM | |
| P: 12/29/2005 6:04:19 PM | |
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iluvmydog Rough Rock Total Posts: 18 Last Post: 1/21/2006 Member Since: 12/29/2005 |
Thank you so much David, for the reply and understanding. Considering I won't recover the 'value' - even though I did not purchase it, do you think it would make more sense to have the 2 side diamonds reset as studs and then the center stone set in a pendant or ring? Or would it be better to sell the ring as is - assuming I can only get $2000 or a bit more for it?
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| Posted: 12/29/2005 6:04:19 PM | |
| P: 12/29/2005 6:08:39 PM | |
Patty Ideal Rock Total Posts: 4,031 Last Post: 6/4/2008 Member Since: 12/7/2003 |
Hi there iluv... Do you need the money? And would you wear studs that are .20c each? That is what I would base my decision on. It might not hurt to have a jeweler try to sell the ring on consignment for a while if you don't need the money.
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| Posted: 12/29/2005 6:08:39 PM | |
| P: 12/29/2005 6:12:33 PM | |
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iluvmydog Rough Rock Total Posts: 18 Last Post: 1/21/2006 Member Since: 12/29/2005 |
Hi - Actually the studs would be .40 points each, the total diamonds in the mounting are about .83 to include the 2 rounds and the 4 baguettes.
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| Posted: 12/29/2005 6:12:33 PM | |
| P: 12/29/2005 6:14:42 PM | |
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Patty Ideal Rock Total Posts: 4,031 Last Post: 6/4/2008 Member Since: 12/7/2003 |
Oops, I'm sorry, you did say that in your original post. Well, I just got some .41 point studs and I love the size. Do you think you'd wear them? What about a pendant? Your center stone would make a great sized pendant!
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| Posted: 12/29/2005 6:14:42 PM | |
| P: 12/29/2005 6:19:02 PM | |
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diamondsbylauren Ideal Rock Total Posts: 1,128 Last Post: 1/5/2006 Member Since: 10/18/2003 |
I agree with Patty. If you don't need the money right now, maybe consignment is a good way to go. Of course, you need to be sure that you are very comfortable with the store where you put the ring. David |
| Posted: 12/29/2005 6:19:02 PM | |
| P: 12/29/2005 6:20:26 PM | |
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iluvmydog Rough Rock Total Posts: 18 Last Post: 1/21/2006 Member Since: 12/29/2005 |
Thanks! :) Yes I do think I would wear the studs for sure. My first holes are a bit lopsided, so when I wear studs they look a bit off. But for the 2nd holes, the studs could definitely work, The pendant is also a consideration - it would be a nice necklace. :) Thks again!
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| Posted: 12/29/2005 6:20:26 PM | |
| P: 12/29/2005 6:20:51 PM | |
TanDogMom Ideal Rock Total Posts: 2,928 Last Post: 11/24/2009 Member Since: 11/8/2005 |
I'd go studs and pendent, and every time I wore them, think of the new start they represented.
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| Posted: 12/29/2005 6:20:51 PM | |
| P: 12/29/2005 6:24:29 PM | |
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iluvmydog Rough Rock Total Posts: 18 Last Post: 1/21/2006 Member Since: 12/29/2005 |
Thank you - what a very sweet thing to say! "I'd go studs and pendent, and every time I wore them, think of the new start they represented. "
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| Posted: 12/29/2005 6:24:29 PM | |
| P: 12/29/2005 6:35:14 PM | |
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Patty Ideal Rock Total Posts: 4,031 Last Post: 6/4/2008 Member Since: 12/7/2003 |
You might want to check out the different types of pendant settings in the "Show Me The Ring" forum. With your diamond being so big, it would look great in a 3-pronged "floating" style! Also, a lot of us have gotten "martini" style earrings lately. They fit nice and snugly on the ear. There are examples of these also on the "SMTR" forum.
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| Posted: 12/29/2005 6:35:14 PM | |
| P: 1/21/2006 3:06:12 PM | |
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iluvmydog Rough Rock Total Posts: 18 Last Post: 1/21/2006 Member Since: 12/29/2005 |
Hi - I wanted to thank everyone for their responses last month regarding the selling of my ring. I ended up selling the ring, intact, and the band - for $4,000.00 I know it was way below retail - but it was money in my pocket. And I decided I did not want any of the diamonds - reset or not. Thanks again! Iluvmydog
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| Posted: 1/21/2006 3:06:12 PM | |
| P: 1/21/2006 3:06:41 PM | |
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iluvmydog Rough Rock Total Posts: 18 Last Post: 1/21/2006 Member Since: 12/29/2005 |
Bump
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| Posted: 1/21/2006 3:06:41 PM | |
| P: 1/21/2006 3:18:10 PM | |
valeria101 Ideal Rock Total Posts: 14,048 Last Post: 4/30/2006 Member Since: 8/29/2003 |
4k sounds allot better than the 2.5k offered by the second jeweler... good for you.  If the stone looked nice, good for the buyer too! After all, numbers are just numbers. Ana "The greatest experts are only as good as the sum total of what they have seen." [Souren Melikian] |
| Posted: 1/21/2006 3:18:10 PM | |
| P: 1/21/2006 3:35:12 PM | |
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iluvmydog Rough Rock Total Posts: 18 Last Post: 1/21/2006 Member Since: 12/29/2005 |
Thanks Ana. Actually the $4K was for everything - round diamond, diamond mounting, and diamond band. Way below what it would retail for - but I really didn't want to sell the diamond alone, and then reset two stones and be left with a few baguettes and a diamond wedding band. And this is a VERY reputable jeweler and someone friends of our family knows. I just felt it was easier to do it all at once - and was happy I found someone to take both rings.
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| Posted: 1/21/2006 3:35:12 PM | |
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