Hi all, I'm back! I am new to this site, so please let me know if I should be compiling my advice posts together instead of creating a new thread each time... I took a look after the helpful advice I got my antique diamond and wanted to know what you all thought of this one. The seller wants $5500. Thoughts?
RT is a place for people to provide and justify opinions on value and value for money. I did not feel that your original asking price when you first listed this stone presented good value for money on the preloved market, and I explained my thoughts in one of the threads where you asked our opinions. I feel the same way now. Others may of course feel differently.
Is this stone listed on eBay with a return policy?
The 'no returns' practice (not policy, just common practice, for better or worse) on LT is because private consumers don't generally allocate funds for inventory. If I sell something, I want to be able to use the proceeds immediately, and not have to wait X amount of time in case the buyer wants to send it back. For higher-value purchases (over ~$1-2k seems to be pretty common) I, and most PSers I've bought from on LT, are willing to extend a courtesy "hey, if it doesn't work for you let me know and we'll sort a return out" precisely because both parties need to feel good about the purchase - and for buyers that usually means having some safety net.
I realise I'm saying things that are likely unwelcome and are almost certainly uncomfortable to be on the receiving end of, and for that, I apologise.
RT is a place for people to provide and justify opinions on value and value for money. I did not feel that your original asking price when you first listed this stone presented good value for money on the preloved market, and I explained my thoughts in one of the threads where you asked our opinions. I feel the same way now. Others may of course feel differently.
I am aware that you're selling a completed ring, not a loose stone, and as I said - the stone is beautiful. My justifications for my assertion re. your pricing:
1. The stone is of good clarity but is a trade-devalued colour - both less saturated and more saturated would be more valuable. It has no especial features or heritage (it isn't a branded stone, it wasn't cut by a well-known persona, it doesn't come with a popular story).
2. You are a private party, you are not well-known here on PS despite your tenure on other media, you do not offer return or upgrade or trade-in policies (understandably - but these policies have monetary worth to consumers).
3. Finally, the setting is neither particularly unique nor particularly intricate - it does not merit a premium preloved.
Retail comparison: GIA 1.31 K VS2 cushion-shaped OEC - $4695 with return and other vendor guarantees. Older certificate, but newer GIA certificates also won't provide proportions or cut grades on OECs, and this vendor will take additional macro images to verify surface condition.
1.31ct GIA CERTIFIED 7.2mm K VS2 OLD EUROPEAN CUT DIAMOND ANTIQUE ART DECO LOOSE
This stunning GIA certified Old European cut diamond has excellent VS2 clarity, absolutely vivid fire, and dazzlingly bright sparkle. Cut by hand a century in the past, this substantial 1.31ct diamond is completely unique, guaranteed to be 100% conflict free, and full of old world charm...ivyandrose.com
Is this stone listed on eBay with a return policy?
The 'no returns' practice (not policy, just common practice, for better or worse) on LT is because private consumers don't generally allocate funds for inventory. If I sell something, I want to be able to use the proceeds immediately, and not have to wait X amount of time in case the buyer wants to send it back. For higher-value purchases (over ~$1-2k seems to be pretty common) I, and most PSers I've bought from on LT, are willing to extend a courtesy "hey, if it doesn't work for you let me know and we'll sort a return out" precisely because both parties need to feel good about the purchase - and for buyers that usually means having some safety net.
Regarding liability - you ship to your buyer with insurance or, if the piece is too high-value to insure without a commercial account, you solicit the services of an intermediary appraiser. On return, your buyer back ships to you with insurance (you can provide the label) or both parties sort out an appraiser agreement.
I realise I'm saying things that are likely unwelcome and are almost certainly uncomfortable to be on the receiving end of, and for that, I apologise.
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