Bonded Diamonds

[oldminer]

I have read about them, but not really seen them being offered by anyone that I really know. Answer the question below for this poll, please.

THANK YOU!!!

 

[Colored Gemstone Nut]

Hi Dave,

Personally I think care should be taken with all gemstones. Diamonds are very durable.

Many vendors who offer diamonds have existing trade in, upgrade, or exchange policies. Getting your stone insured might cost a little money, but over the life of the stone does the cost of having it insured compare to a 10-15% premium paid on the original retail market price of a particular stone?

It will be interesting to hear more remarks..

 

[strmrdr]

I cant really pick in this poll without more information.
If the "bond" covered loss as well as breakage then Id have to compare the 10-15% to the cost of insurance and if was lower id be tempted to look into it more.
It also depends on who issued the bond are they going to be here 20 years down the road?
Is it an e-ring or a fun ring?
Id never trade in or sell an e-ring diamond if upgraded it would go into another item or in the jewlery box to be passed on.
A fun ring/necklace/whatever might be a different story.

So my answer is it depends on the item, the cost of insurance, and the stability of the bond issuer and the fine print.

 

[fire&ice]

I said no because unless the bond is guaranteed as tranferable it's void. What is the company goes out of business? Or ceases to trade diamonds? Too nebulous for me.

 

[pyramid]

I voted No. As Fire & Ice said that was my concern that the company would go out of business. I would buy insurance as I could always change insurance companies. Even if insurance was more than 10-15%, I would at least know it was renewable. If it was a local jeweller who had been here for say 100 years I may consider it but would not over the internet.

 

[MichelleCarmen]

This reminds me of the extended warranty you're offered when you go to buy a new stereo or TV. lol We never purchase one of these. I'd rather just buy insurance if necessary.

Michelle

 

[valeria101]

Not sure if the tradein deal is only an insurance replacement. The tradein is also a 'cure' for the rather unappealing resale value of diamonds. Sort of 'ring life insurance' ?

I would suspect one may spend more than reasonable on a stone if the purchase appears 'reversible', E-ring emotions aside. Getting this 'bond' sounds like borrowing a stone cheaply for a long period of time. Strage enough.

 

[openhelix]

Ahhhh, the old BS Fred Culler (sp?) thread.

C'mon Dave, stop messing with the newbies

 

[Mara]

Nope...nothing is worth that much extra premium IMO when you are already paying for a luxury item like a diamond.