I am looking at purchasing a 3ct diamond from a jewelry seller of estate and bankrupcty sale jewelry. Any advice or words of caution?
It is a 1997 GIA certified emerald cut diamond, with very thin to thin girdles. The seller has a gemologist on staff who said that there is no damage or chips to the stone. I would be getting a truly excellent deal on it but I am trying to be cautious. I checked the certificate and called GIA and they said the specs on the certificate match the specs in their records. At first when I called GIA they said they didn''t have the same size stone for that certification number and the gemologist was on the phone with me and I heard him jump and be panicked like he had been taken, but then GIA realized that it was in their New York Database so everyting did match up. I guess hearing him jump made me feel better like he was legit.
I viewed the diamond briefly in person and it looked great, but I don''t know what to look for.
I think I will have his appraiser, appraise it before it is mailed to me so I can insure it right away. I will also have someone look at it when I receive it to make sure it matches up with the certificate. (I''ve heard horror stories of stones being switched) I don''t know if my insurance would cover me if someone switched the stone before it even got to me if I mailed them a copy of the appraisal which the seller had done for me.
It''s an expensive purchase and making a payment before I receive the stone is a scary thing too as I live out of state and would get it shipped to avoid the taxes (taxes would be $3k). I do trust the seller, but I am always doubtful and cautious. Anyone have any good suggestions?