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- Oct 23, 2011
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- 7,060
Many of you have seen my stone, but I posted it just in case.
The other day, I was at an estate shop that sells, buys and trades. The jeweler asked to see my stone and asked if he could make me an offer. I said that I wasn't interested in selling it, but I would play along. He inspected it and showed me the Rappaport Orange sheet, and basically gave me a verbal appraisal. Then, he made me an offer. He offered me 80% of what I actually paid for it last year. The Rappaport Price he quoted me is 50% more than what I actually paid for my stone. I realize that price is not what any person would pay me if I was selling it, as they would be buying it second-hand, and I wouldn't dream that I could ever sell it for that amount.
TBH, I was surprised that he offered me 80% of what I paid, since I have heard that many people lose a lot more when they try to sell their preowned diamond, and we are talking about ideal cut diamonds here. My diamond is not ideal cut and is a K color, VS2 and is EGL USA certified. When he inspected it in the setting, he agreed with all of the specs. and added that is a very good cut.
So, here I am contemplating my next move.
I used to own a 1.43 EGL USA G VS2 round with a good HCA score (there is a link here to that), BUT, I was never crazy about the cut. I bought it pre PS and learned to like it, but never loved it. With this stone, a 2.20 K VS 2, it really depends on the day. 70% of the time, I love it. But the other 30%, I regret the color and wonder what it would be to have an ideal cut.
I am fully aware that I opted for size rather than quality or color. If I do sell it, I would probably only be able to afford a 1.5-1.7 with ideal cut, G-H color, VS2. I would never again be able to wear a 2.20 carat because although I can afford to pay for the upgrade, I want to stay sane when it comes to diamonds and not spend too much money. In fact, I appreciate the fact that I have some equity in my stone right now, and that is part of the issue. I fear that if I go overboard and buy ideal specs, kind of like buying a luxury car (which I do own), I will never have equity again. Am I wrong about this? I'm trying to be practical about a first-world problem, I know.
My husband is not in favor of this because he says my ring is plenty pretty and that PS is getting to my head. Also, he has no gauge of ideal cut diamonds because I have the nicest ring in my social circle, so he doesn't understand why I am even considering this.
Sorry for the long post. If you have any advice, I am all ears.
I know that the first step is to get an independent appraisal if I choose to sell the ring, and take it from there.
The other day, I was at an estate shop that sells, buys and trades. The jeweler asked to see my stone and asked if he could make me an offer. I said that I wasn't interested in selling it, but I would play along. He inspected it and showed me the Rappaport Orange sheet, and basically gave me a verbal appraisal. Then, he made me an offer. He offered me 80% of what I actually paid for it last year. The Rappaport Price he quoted me is 50% more than what I actually paid for my stone. I realize that price is not what any person would pay me if I was selling it, as they would be buying it second-hand, and I wouldn't dream that I could ever sell it for that amount.
TBH, I was surprised that he offered me 80% of what I paid, since I have heard that many people lose a lot more when they try to sell their preowned diamond, and we are talking about ideal cut diamonds here. My diamond is not ideal cut and is a K color, VS2 and is EGL USA certified. When he inspected it in the setting, he agreed with all of the specs. and added that is a very good cut.
So, here I am contemplating my next move.
I used to own a 1.43 EGL USA G VS2 round with a good HCA score (there is a link here to that), BUT, I was never crazy about the cut. I bought it pre PS and learned to like it, but never loved it. With this stone, a 2.20 K VS 2, it really depends on the day. 70% of the time, I love it. But the other 30%, I regret the color and wonder what it would be to have an ideal cut.
I am fully aware that I opted for size rather than quality or color. If I do sell it, I would probably only be able to afford a 1.5-1.7 with ideal cut, G-H color, VS2. I would never again be able to wear a 2.20 carat because although I can afford to pay for the upgrade, I want to stay sane when it comes to diamonds and not spend too much money. In fact, I appreciate the fact that I have some equity in my stone right now, and that is part of the issue. I fear that if I go overboard and buy ideal specs, kind of like buying a luxury car (which I do own), I will never have equity again. Am I wrong about this? I'm trying to be practical about a first-world problem, I know.
My husband is not in favor of this because he says my ring is plenty pretty and that PS is getting to my head. Also, he has no gauge of ideal cut diamonds because I have the nicest ring in my social circle, so he doesn't understand why I am even considering this.
Sorry for the long post. If you have any advice, I am all ears.
I know that the first step is to get an independent appraisal if I choose to sell the ring, and take it from there.
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