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 Possible Purchase

P:  8/6/2008 11:00:46 AM  
Mr New York
Mr New York

Rough Rock
Total Posts: 47
Last Post: 12/2/2008
Member Since: 8/6/2008
 
HI everyone! This is my first post but I've been reading on this website for a couple months. I wasn't planning to really chose a specific diamond for another few months but a friend is looking to sell their ring so I am looking into buying it. The stats are

Round brilliant:

Cert: GIA
Carat: 1.70
Measurements: 7.60 - 7.66 - 4.75
Color: H
Clarity: SI1 (I haven't taken a hard look at it yet but it seems eye clean)
Depth: 62.3%
Table: 57%
Girdle: Medium to Slightly Thick: faceted
Culet: None
Polish: Very Good
Symmetry: Very Good
Flourescence: None

It's on a 18K WG 4-prong Solitare which I would replace. The asked price is $10,000. This is a "used" ring which doesn't matter to my GF and I actually like the idea of reusing and being a little more environmentally friendly (I'm from Oregon haha) The price is a about two grand higher than I had set for my budget for the diamond. Any advice or comments? Thanks!
Posted:  8/6/2008 11:00:46 AM

 There are 4 replies to this message.  There are 4 replies on this page.

P: 8/6/2008 11:34:20 AM
Ellen
Ellen

Ideal Rock
Total Posts: 22,894
Last Post: 11/6/2009
Member Since: 1/13/2006
 
Hi Mr.,

Doing a price search on those specs, I'm seeing prices for the stone at around 12,000.00 and some change. Being used, if it was me, (after taking it to an independant appraiser to be checked out thoroughly), I wouldn't pay more than about 6000.00. And that's being generous, as one third of the cost is usually what one can expect to recoup. Half is about as good as it usually gets.

~~~~~~~~~~~~~~~~

"It is also important for the State to inculcate in its subjects an aversion to any 'conspiracy theory of history' for a search for 'conspiracies' means a search for motives and an attribution of responsibility for historical misdeeds."

-Murray N. Rothbard, in The Anatomy of the State



John Swinton [1829-1901] Chief Editorial Writer of the New York Times (Considered "the Dean of his Profession" by his peers), when asked to toast an 'Independent Press' in a gathering at the National Press Club, circa 1880

"There is no such thing in America as an independent press unless it is in the country towns. You know it, and I know it. There is not one of you who dare express an honest opinion. If you express it you know beforehand that it would never appear in print. I am paid... for keeping my honest opinions out of the paper I am connected with. Others of you are paid similar salaries for doing similar things....

The business of the New York journalist is to distort the truth, to lie outright, to pervert, to vilify, to fawn at the feet of Mammon, and sell his country and race for his daily bread, or for what is about the same thing, his salary. You know this, and I know it and what foolery to be toasting an 'independent press.' We are tools, and the vassals of rich men behind the scenes. We are jumping-jacks. They pull the strings and we dance. Our time, our talents, our lives, our possibilities, all are the property of other men. We are intellectual prostitutes."

Posted:  8/6/2008 11:34:20 AM
P: 8/6/2008 11:35:44 AM
Lorelei
Lorelei

Ideal Rock
Total Posts: 34,254
Last Post: 11/24/2009
Member Since: 4/30/2005
 
Date: 8/6/2008 11:34:20 AM
Author: Ellen
Hi Mr.,

Doing a price search on those specs, I'm seeing prices for the stone at around 12,000.00 and some change. Being used, if it was me, (after taking it to an independant appraiser to be checked out thoroughly), I wouldn't pay more than about 6000.00. And that's being generous, as one third of the cost is usually what one can expect to recoup. Half is about as good as it usually gets.

Ellen gives good advice, welcome to Pricescope MrNY!









Nothing is more sacred as the bond between horse and rider...no other creature can ever become so emotionally close to a human as a horse. When a horse dies, the memory lives on because an enormous part of his owner's heart, soul, very existence dies also...but that can never be laid to rest, it is not meant to be...
- Stephanie M Thorn

Posted:  8/6/2008 11:35:44 AM
P: 8/6/2008 11:42:07 AM
Mr New York
Mr New York

Rough Rock
Total Posts: 47
Last Post: 12/2/2008
Member Since: 8/6/2008
 
Thanks. I've seen about that same price online. The 10000 is half of her appraisal price, but that was a retail appraisal. So I was thinking of taking it to get appraised at a fair market value price and showing that. I dont know if I want to get involved in bartering with someone I know though. Good thing about this is that my GF saw it and was like "oh its so pretty and clear". So now I'm in the clear to buy H colors and S1. I wasn't too sure before how much she would notice/care.

Posted:  8/6/2008 11:42:07 AM
P: 8/6/2008 12:15:05 PM
Ellen
Ellen

Ideal Rock
Total Posts: 22,894
Last Post: 11/6/2009
Member Since: 1/13/2006
 
Date: 8/6/2008 11:42:07 AM
Author: Mr New York
Thanks. I've seen about that same price online. The 10000 is half of her appraisal price, but that was a retail appraisal. So I was thinking of taking it to get appraised at a fair market value price and showing that. I dont know if I want to get involved in bartering with someone I know though. Good thing about this is that my GF saw it and was like 'oh its so pretty and clear'. So now I'm in the clear to buy H colors and S1. I wasn't too sure before how much she would notice/care.
Personally, I wouldn't.

And yes, you've gotten great insight into what will be acceptable to your gal. And, if you decided to buy a H&A cut, I would venture to say you could even go to an I and still be safe. The better the cut, the whiter it will face up.

Good luck!

~~~~~~~~~~~~~~~~

"It is also important for the State to inculcate in its subjects an aversion to any 'conspiracy theory of history' for a search for 'conspiracies' means a search for motives and an attribution of responsibility for historical misdeeds."

-Murray N. Rothbard, in The Anatomy of the State



John Swinton [1829-1901] Chief Editorial Writer of the New York Times (Considered "the Dean of his Profession" by his peers), when asked to toast an 'Independent Press' in a gathering at the National Press Club, circa 1880

"There is no such thing in America as an independent press unless it is in the country towns. You know it, and I know it. There is not one of you who dare express an honest opinion. If you express it you know beforehand that it would never appear in print. I am paid... for keeping my honest opinions out of the paper I am connected with. Others of you are paid similar salaries for doing similar things....

The business of the New York journalist is to distort the truth, to lie outright, to pervert, to vilify, to fawn at the feet of Mammon, and sell his country and race for his daily bread, or for what is about the same thing, his salary. You know this, and I know it and what foolery to be toasting an 'independent press.' We are tools, and the vassals of rich men behind the scenes. We are jumping-jacks. They pull the strings and we dance. Our time, our talents, our lives, our possibilities, all are the property of other men. We are intellectual prostitutes."

Posted:  8/6/2008 12:15:05 PM

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