certificate

[daytrader]

hello all,

i bought the engagement ring today and the jeweler said the still doesn''t have a certificate but will get it this coming week. should i be concerned..is it usual that the jeweler doesn''t have the certificate? i mean i picked the stone and the ring like two weeks ago.

he really seems like a legit person and his shop is in a small town where he wouldn''t really be able to scam people but i am still concerned that there might be something wrong and the he doesn''t want to give me the certificate.

when i asked him if i''ll get the certificate the coming week he confirmed it but said if the certificate is overseas it might take him longer to get it.

so..should i be concerned or is this a normal process for him to still not have the certificate?

thank you very much!

 

[diamondseeker2006]

Yes, be concerned. The certificate should be there. I''d return the stone immediately and do not pay until you see it! Then run the specs by us so we can tell you if they are good or not. AGS and GIA are the reliable labs and they are in the US. So sending for a cert out of the country does not sound good at this point. The reliable vendors here have the certs for the stones before they sell them.

 

[daytrader]

well i already paid and i have the ring. i wanted to wait and see if i will get the certificate by next week. if i don''t get it i''ll return it.

when i first saw it he had a GIA copy but not the original.

what would be the reason for him not to have it..again i just would like to trust him and get this done in a nice way.

thanks for your help

 

[diamondseeker2006]

It could be that he did not own the stone and he just called it in for you. And now that you are purchasing the stone, he will get the original cert from the diamond supplier. But it would be good to get all the numbers off that cert copy and post them here. Did it say GIA Excellent Cut, by any chance?

 

[daytrader]

he did not own the stone. he got it for me two weeks ago to check it out and i liked it. i will post the numbers tomorrow i have them on the appraisal form. i don''t have a copy of the certificate but he had one in the story the day i checked it out.

no, there is no cut grade. i think GIA doesn''t provide that anyway.

but even if he got the stone from the supplier why didn''t he order it on the day i told him "yes i like it, i''ll buy it"

ohh well.

 

[stone-cold11]

ask for the GIA report number.

 

[heb1976]

Date: 5/30/2009 8:23:53 PM
Author: daytrader
he did not own the stone. he got it for me two weeks ago to check it out and i liked it. i will post the numbers tomorrow i have them on the appraisal form. i don''t have a copy of the certificate but he had one in the story the day i checked it out.

no, there is no cut grade. i think GIA doesn''t provide that anyway.

but even if he got the stone from the supplier why didn''t he order it on the day i told him ''yes i like it, i''ll buy it''

ohh well.

Hi, GIA does grade cut. Mine is an excellent. Good luck!

 

[stone-cold11]

Date: 5/30/2009 9:29:38 PM
Author: heb1976
Hi, GIA does grade cut. Mine is an excellent. Good luck!

Maybe the stone OP got is with an old report before cut grading.

 

[Rockdiamond]

Hi Daytrader,
If you saw a copy of a GIA report- and you're sure that's what it was- it's quite possible the jeweler had the stone sent in on approval. It is a common practice for the cutter to send the stone with a copy of the GIA report, and only send the original once the sale is confirmed.

In terms of a cut grade- is it a round diamond?

 

[Lorelei]

Date: 5/30/2009 10:26:29 PM
Author: Rockdiamond
Hi Daytrader,
If you saw a copy of a GIA report- and you''re sure that''s what it was- it''s quite possible the jeweler had the stone sent in on approval. It is a common practice for the cutter to send the stone with a copy of the GIA report, and only send the original once the sale is confirmed.

In terms of a cut grade- is it a round diamond?

Ditto David, seen this before.

 

[daytrader]

since this is the first time buying an engagement ring i just wasn''t sure and was a bit concerned.

i''ll keep you posted and let you know what happens.

i''ll also post the numbers once i am home.

thanks again!

 

[daytrader]

here are the numbers from the appraisal papers

princess cut

1.00ct
vs-1
E
proportion: good
polish: good
symmetry: good

measurement 5.66 x 5.38 x 3.80mm

 

[Lorelei]

Date: 6/1/2009 1:15:14 AM
Author: daytrader
here are the numbers from the appraisal papers

princess cut

1.00ct
vs-1
E
proportion: good
polish: good
symmetry: good

measurement 5.66 x 5.38 x 3.80mm

Oh I see it is a Princess. Well it appears to be what we term a '' commercial'' cut Princess, not cut to the highest standards but it depends on what you want, I take it you have seen it in person? If so compare it with some AGS0 cut grade Princess if there is a Jareds near you to see if this one compares favourably.

 

[daytrader]

yes i have seen it..i mean i already have it with the setting. it really looks beautiful to me but again i am not an expert since it's my first time buying.

i'll keep it if i get the certificate from the jeweler. also, i think i got a good price. i paid for the stone and the setting $5200. the appraisal says it's worth $9100.

thanks again

 

[stone-cold11]

Who gave the appraisal? The jeweler that sold you the stone? If so, take it with a grain of salt as those usually are mark up to give a feel-good feeling to the customers in that they gotten a good deal.

 

[Lorelei]

Date: 6/1/2009 9:32:37 AM
Author: daytrader
yes i have seen it..i mean i already have it with the setting. it really looks beautiful to me but again i am not an expert since it's my first time buying.

i'll keep it if i get the certificate from the jeweler. also, i think i got a good price. i paid for the stone and the setting $5200. the appraisal says it's worth $9100.

thanks again

These sums are often vastly inflated and is common practice, these ' appraisals' are routinely included with such purchases due to the ' feelgood' factor, if a piece was truly worth that amount then it would be sold for that price in the first place. The main thing is the price you actually paid. You could get a better cut Princess certainly but it is hard for us to tell anything much by numbers as images are needed. However it sounds as if you have actually bought this diamond and love it, so if you do have a return window compare it to some AGS0 or other Princess to see how it holds up.

 

[denverappraiser]

Date: 6/1/2009 1:15:14 AM
Author: daytrader
here are the numbers from the appraisal papers

princess cut

1.00ct
vs-1
E
proportion: good
polish: good
symmetry: good

measurement 5.66 x 5.38 x 3.80mm

‘Proportions’ is not something that GIA lists on their reports. Are you sure what you’re seeing is a copy of a lab report from GIA and not something else entirely? You can check out the report number and weight at www.reportcheck.gia.edu to be sure.

It's common for jewelers to consign stones from each other as part of the sales process. Otherwise the cost of inventory would kill them all. It's also common for whoever owns the stone to hang onto the original paper until it has a new owner. There's nothing underhanded about this, the problem is that if they mail the stone to a few different jewelers to present before it get's sold it's easy for the document itself to get damaged. Diamonds hold up fine but paper, even laminated paper, is actually fairly fragile and they want the final customer to receive it in perfect condition. Within the limits of the postal service etc. I fully expect the original to arrive shortly.


Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver

 

[daytrader]

no, no the numbers that i gave you are from the appraisal form/paper not from the copy of the certificate. i just saw the copy at the store and don''t have it on me.

sorry if that wasn''t clear.

 

[Dreamer_D]

Date: 5/30/2009 8:23:53 PM
Author: daytrader
he did not own the stone. he got it for me two weeks ago to check it out and i liked it. i will post the numbers tomorrow i have them on the appraisal form. i don''t have a copy of the certificate but he had one in the story the day i checked it out.

no, there is no cut grade. i think GIA doesn''t provide that anyway.

but even if he got the stone from the supplier why didn''t he order it on the day i told him ''yes i like it, i''ll buy it''

ohh well.

I hope everything works out for you and you get the document soon. Everyone else here has given you the best advice we can offer.

I would just like to comment that "oh well" is a very apathetic response to concerns over a ~$5000 purchase. If you are uncertain, then go back to the jeweler and get your money back and give him the ring until you have received documentation to verify your purcahse. Alternatively, take your ring to an independent appraiser (i.e., someone who does not sell diamonds or jewelry himself or herself) and verify that the ring meets your approval and is worth the amount that you paid for it. Yes, these are extra steps. But this is a lot of money!

 

[daytrader]

thank you guys for all the info. i really appreciate your help!

i am happy with the price/ring/stone as of now. my only concern is the certificate but as some of you explained it to me that should be fine, too.

i also know that there are always better deals but i''m just glad i am done with that process i honestly thought it would be easier to pick the ring but it''s not.

when you really love someone you want to make her happy and get the best.

again - from what my eyes can see its really nice.

i''ll keep you posted and post a pic as soon as i have the cert.

thanks again!

 

[daytrader]

few hours ago i got an email from the jeweler and he said i can pick up the certificate on thursday (he is closed tomorrow).

 

[Ice Scream]

Good to hear!!