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2.04 Ct. Princess Cut -Deal or No Deal?

Discussion in 'RockyTalky' started by Sleepdeprived, Oct 31, 2007.

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  1. Sleepdeprived
    Rough_Rock

    Messages:
    25
    Joined:
    Oct 31, 2007
    by Sleepdeprived » Oct 31, 2007
    Shape: Princess
    Measurement: 6.90-6.89 X 5.07mm
    Weight: 2.04 Cts.
    Color: F
    Clarity: SI 1
    Depth: 73.60
    Table: 70.00
    Girdle: Thin-Very Thick
    Culet: N
    Polish: Good
    Symmetry: Very Good
    Fluorescence: N
    Lab: GIA - (I can get the certificate number if you need it)

    I have viewed this diamond in person and it is absolutely beautiful...then again it would be difficult for me to distinguish between a good diamond and a great diamond.

    Verragio setting= ~ $3500
    Diamond lists price was $15,000; Jeweler said $14,000 would be possible w/o me haggling over the price. Note: Jeweler knew my budget was $15k for diamond and setting and still brought out this diamond. I have not started the negotiation phase, yet that is if there is one...but someone once told me that everything in life is negotiable.

    1) Do you think this is a very good diamond? Anything odd jump out at you regarding the specs?

    2) What about total price for the designer band, diamond & tax (6.25%).. is $16,500 doable?
    They probably can''t budge on the setting since it is a designer piece, but if he brought the price of the diamond down to $12,000 the total would be roughly $16,500. I am sure they anticipate individuals to negotiate the price. My question is what should be realistic expectations.

    Note: This was not a mall store, it is a very reputable jewelry store in my area.

    Thank you in advance for helping me during this nervous time!!!!!!



     
  2. Sharon101
    Brilliant_Rock

    Messages:
    919
    Joined:
    Sep 5, 2007
    by Sharon101 » Oct 31, 2007
    Experts round here like to know pavillion and crown angles and heights.
     
  3. Sleepdeprived
    Rough_Rock

    Messages:
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    Oct 31, 2007
    by Sleepdeprived » Nov 1, 2007
    I don''t know anything about pavilion or crown height. Anyone got an opinion on this diamond?
     
  4. gtn
    Brilliant_Rock

    Messages:
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    by gtn » Nov 1, 2007
    I don''t know the answer to your question, I wish I did, but you might be able to get more information from the GIA report. get the number so the experts here can help.
     
  5. Sleepdeprived
    Rough_Rock

    Messages:
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  6. Sleepdeprived
    Rough_Rock

    Messages:
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    by Sleepdeprived » Nov 1, 2007
    Still no input? Did I do something wrong with my post? I need guidance, because I really don''t know what I am doing.
     
  7. Hera
    Ideal_Rock

    Messages:
    2,399
    Joined:
    Jul 12, 2007
    by Hera » Nov 1, 2007
    I'm not a princess expert but I thought I would try to help you a little before you go out and buy an ugly princess cut. I keep trying to do a search on princess cuts on here but it keeps giving me an error. With that said, I do remember a website that may help you grade the princess cut. Here it is:

    http://www.gemappraisers.com/oldcutgraderules.asp

    It seems like a pretty nice stone.

    you can do a search by cut above to see if you are in the right price range.
     
  8. Hera
    Ideal_Rock

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    by Hera » Nov 1, 2007
    what kind of inclusions does the diamond have?
     
  9. Sleepdeprived
    Rough_Rock

    Messages:
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    by Sleepdeprived » Nov 1, 2007
    The GIA Cert shows: Crystal, Cloud, Cavity, and Natural in the Key so I guess those are the inclusions. When look at it with the 10x loop it was hard for me to see, then again I had a hard time seeing the inclusions with most of the diamonds the guy was showing me.
     
  10. Sleepdeprived
    Rough_Rock

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    by Sleepdeprived » Nov 1, 2007
    The appriaser chart showed this cut as a 1B (Premium Cut) using the specs for the stone. Where can I go to see what a 2ct. F, SI 1 stone in this cut could be negotiated down to?
     
  11. Hera
    Ideal_Rock

    Messages:
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    by Hera » Nov 1, 2007
    I don''t think there''s a location for that, but I think if you get it for $14,000 you would have gotten a very good deal. Here''s a diamond with similar specs like yours:

    http://www.jamesallen.com/diamonds/F-SI1-Ideal-Cut-Princess-Diamond-1067809.asp
     
  12. Hera
    Ideal_Rock

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  13. Sleepdeprived
    Rough_Rock

    Messages:
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    by Sleepdeprived » Nov 1, 2007
    Considering the markup in the diamond industry of 300-400%, so I have been told.... would the expectation of getting this stone for $12,000 be unreasonable/unrealistic, seeing how I will also be purchasing a $3500 designer setting from them to house the stone. Not to mention, that such deviation in price would go a long way in developing a longtime customer fo that local jeweler.
     
  14. neatfreak
    Super_Ideal_Rock

    Messages:
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    by neatfreak » Nov 1, 2007
    Maybe the inflated markup...but the margins are a LOT smaller than that generally, at least from dealer to consumer. I think I have heard more along the lines of 10% but don''t quote me on that. But 3-400% is in no way accurate...
     
  15. Sleepdeprived
    Rough_Rock

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    by Sleepdeprived » Nov 1, 2007
    It is hard for me to believe that a jeweler''s cost on a diamond is 10% below the sales price. How could they stay in business? I really don''t know as my knowledge of this industry is rather limited. That is why I am relying on the good ol'' PS folks to lend the helping hand. So far you guys have been great. Don''t appraisers/jewelers help out with opinions in these forums.
     
  16. Hera
    Ideal_Rock

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    by Hera » Nov 1, 2007
    I think I read on here once that it was 25%and up for a B&M but I could be wrong. Certainely far away from 300-400% markup.
     
  17. Sleepdeprived
    Rough_Rock

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    by Sleepdeprived » Nov 2, 2007
    Thank you for all of the replies thus far....anyone else want to weigh in on the question? I am certainly glad there is a community out there that can help with these big purchases!
     
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