Deceived in NYDex.

[john_]

Hello, my name is John. I recently bought a diamond from the NY diamond exchange. After months of research, I decided to buy an EGL certified diamond. The only reason I did so was because I know the owner of the store, his brother is my landlord. Anyway, I knew by getting an EGL it wouldnt be accurate but I figured since I know the guy I would get a good deal.

I ended up getting for $6000,

Round Cut
Weight: 1.69 Cts.
Color: D
Clarity: VS2
Polish: Very Good
Symmetry: Very Good

Well, come to find out that this stone is also is laser drilled and laser enhanced. Stupid me it says it on the certificate. However, the seller neglected to tell me. So I'm pissed and I want all of my money back. This is were my question comes in.

Should I just in there upset and truthful telling him he mislead me and gave me something I didnt want?
or
Should make up some excuse to get my money back, i.e. i ran into big finacial problems and I need that money. I will buy it from you in the future?
Keep in mind I didnt give the rind to my girlfriend yet and my main goal is to get my money back.
Please, give your opinion on what you would do.

 

[kenny]

I'm very sorry this happened to you.

Yes, I'd go back and tell him you want a full refund.
Then learn about diamonds here before shopping.
I recommend clicking on the tab above called, "Knowledge".
Then chose Advanced Tutorial.
Read it all.

Also this thread belongs on the other Forum called Rocky Talk.
This hangout forum is for every subject except diamonds, really.
You can click on Report Concern just above your post and ask admin to move it to Rocky Talk.

Good luck.
Hope you get your refund.
Anything else the owner tries to exchange with will likely also be another can of overpriced worms.
You don't just need a decent diamond, you need a decent vendor.

 

[justginger]

Hello, my name is John. I recently bought a diamond from the NY diamond exchange. After months of research, I decided to buy an EGL certified diamond. The only reason I did so was because I know the owner of the store, his brother is my landlord. Anyway, I knew by getting an EGL it wouldnt be accurate but I figured since I know the guy I would get a good deal.

I ended up getting for $6000,

Round Cut
Weight: 1.69 Cts.
Color: D
Clarity: VS2
Polish: Very Good
Symmetry: Very Good

Well, come to find out that this stone is also is laser drilled and laser enhanced. Stupid me it says it on the certificate. However, the seller neglected to tell me. So I'm pissed and I want all of my money back. This is were my question comes in.

Should I just in there upset and truthful telling him he mislead me and gave me something I didnt want?
or
Should make up some excuse to get my money back, i.e. i ran into big finacial problems and I need that money. I will buy it from you in the future?
Keep in mind I didnt give the rind to my girlfriend yet and my main goal is to get my money back.
Please, give your opinion on what you would do.

Never, ever, ever, ever, EVER deal with 'a friend of a friend' jeweler. You will NEVER get a good deal. NEVER. Did I mention...NEVER?

As the certificate clearly discloses enhancement, I'm not sure if you have any legal standing for a return or not -- maybe someone more familiar with that could help you. Was there an agreed-upon return period?

 

[kenny]

John, if you get your $6000 back I thought I'd let you know what you can expect in a GIA or AGS graded round that is not clarity enhanced.
EGLs are not cheaper, they just have incorrect grades.
An EGL-graded diamond will usually cost more than if the same stone had been graded by GIA and gotten lower grades.

Bluenile has a huge database, so while I do not recommend buying from them since they refuse to make Idealscope pictures, it's a handy place to get an idea of what you can afford.

Rounds near 1.69 ct D VS2 range in price from $17,000 to $29,300. (So you can see how problematic that 1.69 he sold you must be to sell for $6,000.)

When I search for D VS2 rounds of all cut qualities from $5,500 to $6000 the weight varies from 0.80 to 0.92 ct ... if I select for the best cut, Signature Ideal it has two weighing 0.82 and 0.81 ct

If you decide you can live with a lower color of, say, H... they have 3 Sig Ideal H VS2 weighing 0.91 to 0.92 priced from $5,759 to $5,942.

To get over 1 ct at $6,000 in a good cut you'll have to go lower in color and or clarity.

 

[yennyfire]

+1000 to everything Kenny said. I hope that things work out and you get your $$ back and can start over....

 

[yssie]

EGL will grade fracture filled stones, IIRC. If it was an I2 before filling and a VS2 after, they'll put VS2 on the report. Of course, the vendor can't charge you VS2 prices for a VS2 by fracture filling... FTC requires disclosure prior to sale of fracture filling.

FTC does NOT require disclosure of laser drilling (which is a permanent treatment). So ethical or not, your jeweller did nothing illegal by refraining from telling you outright. GIA and AGSL will grade laser drilled stones. And whilst lasered stones are somewhat cheaper than their un-lasered counterparts they're not THAT much cheaper, nothing like fracture filling...

Bottom lines:
Never buy from a friend of a friend (or any variant thereof)
An EGL report on a modern RB is never a "good deal"
Even if your stone was laser drilled & bleached it's not, IMO, the end of the world. The fact that you paid 6k for a 1.7ct D VS2 is a MUCH bigger red flag - you can be sure that GIA would not consider it a D VS2!

 

[Dancing Fire]

[quote="justginger|1380003226|
Never, ever, ever, ever, EVER deal with 'a friend of a friend' jeweler. You will NEVER get a good deal. NEVER. Did I mention...NEVER?

As the certificate clearly discloses enhancement, I'm not sure if you have any legal standing for a return or not -- maybe someone more familiar with that could help you. Was there an agreed-upon return period?[/quote]



Yep, rule #1 ...

 

[TooPatient]

Kenny has given great information. Read all of it and follow up by reading about diamonds here. Get information about what you should be getting and make your choices based on that.

I have a big rule in life -- NEVER mix business with friends. Ever. Great way to get low quality service or ruin a friendship!
Same goes for friends of friends or friends of family or anything else.

 

[marymm]

Does the store have a posted return policy (i.e., stated on your receipt and/or within the store and/or on their website)?

How long ago did you purchase the ring?

If the store has no return policy, meaning all sales are final, or if the posted return period has already passed, I don't think you would be eligible for a refund. It is possible the vendor will work with you, perhaps do an exchange or credit. In any case, if you go to speak with the vendor, I would approach him in a reasonable manner, letting him know you'd like to return the ring and inquiring as to your options.

 

[JewelFreak]

Mary makes a good point. If you blow the guy to bits right off, you'll probably end up with nothing. If you approach him in a reasonable tone, he might at least go for an exchange (and after you've read the info here on PS, you'll know what to ask him for). It's worth a try -- unless his return policy is a good one & you're within the specified time frame, of course; then you're in good shape.

Good luck -- hope it works out.