I have purchased 5 sets of diamond studs in the past, all with appraisals and all in the USA. I am now in Europe, and have the opportunity to buy a diamond (second hand) from an acquaintance who is in serious need of cash.
The diamond is 2.43 carats, round, SI2-3 and I in color. The ring was purchased in Israel and comes with a certified appraisal from the broker in Israel. She is asking roughly $4,000 for the ring, which also comes with side baguettes (5 each side) for a total carat weight of 4 carats. The side stones are VS1, F.
She isn''t willing to have a second appraisal done herself, but has said that I may have one done, and if the ring is not exactly as stated, is fully returnable (this will all be done under legal contract).
I''ve heard that Israel is sometimes very lenient in their grading. Should I purchase the ring, have an appraisal, and return if not as stated? Business in second hand jewels in UK is booming as they are so hard hit with the economic crisis, and there are a lot of diamonds on the market these days. What should I do?
The diamond is 2.43 carats, round, SI2-3 and I in color. The ring was purchased in Israel and comes with a certified appraisal from the broker in Israel. She is asking roughly $4,000 for the ring, which also comes with side baguettes (5 each side) for a total carat weight of 4 carats. The side stones are VS1, F.
She isn''t willing to have a second appraisal done herself, but has said that I may have one done, and if the ring is not exactly as stated, is fully returnable (this will all be done under legal contract).
I''ve heard that Israel is sometimes very lenient in their grading. Should I purchase the ring, have an appraisal, and return if not as stated? Business in second hand jewels in UK is booming as they are so hard hit with the economic crisis, and there are a lot of diamonds on the market these days. What should I do?