Diamond Valuation

[Unicornz0]

Hello,

Please help me determine the price this diamond should sell for if sold wholesale in the USA midwest.
The length to width ratio is 1.960127 to 1, if I understand the measurements.
Please see the attached excerpt form the EGL diamond report.

Thanks,
Uni

 

[denverappraiser]

Is the dealer the one who decided to make an ''excerpt' from the scan of the copy of the lab report? That's a bad sign. There are two reasons for this. First is to conceal the identity of which EGL did the work. They are not all the same. You mention that it's EGL-USA but someone has carefully removed the signature and masthead. The second is to remove the report number so it's not possible to look up the stone on the labs online checking system. They are either hiding something or they want to make it difficult to shop the stone against another dealer who may be selling it. Neither builds confidence.

Comparable offers are easy to find with the search bar at the top of the page. The range of prices is quite high because of the EGL branding. You don't really know what you have. The dealers who list here (who are retailers by the way) vary more than a factor of 2 and storefront dealers will move the top up another third or more. 'Wholesale' is a tricky word in this business and it doesn't mean what you think it does. A significant fraction of the jewelers describe themselves that way as if, somehow, it meant they have lower prices. 'Taint so. I tend to view it differently. You've already caught them in one like, even before you walked in the door. Get down to the details of the offer at hand but the claim of 'wholesale to the public' reduces their credibility, not increases it.

 

[John P]

Hello,

Please help me determine the price this diamond should sell for if sold wholesale in the USA midwest.
The length to width ratio is 1.960127 to 1, if I understand the measurements.
Please see the attached excerpt form the EGL diamond report.

Thanks,
Uni

RE Price Range: Professional retailers have B2B suppliers who communicate various prices to them. Those prices vary based on many details such as eye-clean level (as it relates to SI1s), cut specifics and other items not included on the report. The result is that there is not a set 'wholesale price' for X class and category of diamond. There is a range and it can be very broad. Retailers consider the supply options, deduce some things from reports, ask the suppliers about things not-in-evidence and then decide what to buy.

RE Wholesale: Regardless of pricing, if you're a consumer this is a de-facto retail transaction. I know this is semantics, and the $ may even be the same: Your source could show you the invoice from his supplier, or may even be a supplier doing you a favor on the side. But for the sake of terminology if you're an end-user it's a retail sale. I only mention this to dispel the illusion of the magical term "wholesale" - which has become a widespread marketing term.

RE Price again: Nailing down a ballpark for the diamond you posted is challenging without seeing it: EGL grading is not known for strictness, so the color and clarity could be several grades off. In the 1.60-1.69ct range a D-SI1 marquise goes for about 2X as much as an F-SI2. No estimate is possible without knowing specific color and clarity. Once those are determined there are a multitude of other factors that affect value, such as level of SI1 and specifics about the VTN girdle. The spread is appropriate for weight, so that's good, but there are further appearance factors relating to cut I'd want to know which influence value to some degree.

 

[diamondseeker2006]

The "wholesale" thing is a pretty common scam, actually. And I do not trust someone who tries to deceive in that manner. We only recommend buying stones with a GIA grading report since that will be more reliable than EGL. (Unless the ASET and other information is provided for the EGL stone.)

If I were buying a marquise, I would use Good Old Gold because they will provide you with light performance testing and video of the stones you are considering. Another source would be James Allen who provides less information but does have photo/video of the stones.

 

[diamondloveaffair]

are you trying to sell off or trying to buy the diamond?

 

[Unicornz0]

Hello again,

And thanks for your help.
I made the excerpt, & am planning on buying this stone.
I can’t make out the name of the Gemologist preparing the report.
I’ve attached another copy of the report minus the report number.
Does anyone recognize this signature?
What is the reputation of this Gemologist?

Thanks Again,
Uni

 

[oldminer]

A search on Pricescope yielded the following chart. Note the two EGL stones are among the least costly. We'd likely assume due to weak grading by the lab. The shallow stone, somewhat shallow like the one you displayed graded by AGS is sort of on the low end also.
However, you can infer quite a bit about the "retail value" from such a simple, objective search.

 

[Unicornz0]

A search on Pricescope yielded the following chart. Note the two EGL stones are among the least costly. We'd likely assume due to weak grading by the lab. The shallow stone, somewhat shallow like the one you displayed graded by AGS is sort of on the low end also.
However, you can infer quite a bit about the "retail value" from such a simple, objective search.

Thanks,

Are these prices someone in the Diamond Industry will likely pay for these 2 stones, or are these prices for the end user?

Thanks Again,
Uni

 

[denverappraiser]

These are retail asking prices. They may or may not be able to get them but they haven't yet or they wouldn't still be in the database. There's no way to tell how long they've been trying.

The signature is some employee of EGL as of the date on the report (which has also been removed). The reputation to look into is the reputation of EGLUSA. Exactly which employee(s) did the work is largely irrelevant.

 

[Unicornz0]

These are retail asking prices. They may or may not be able to get them but they haven't yet or they wouldn't still be in the database. There's no way to tell how long they've been trying.

The signature is some employee of EGL as of the date on the report (which has also been removed). The reputation to look into is the reputation of EGLUSA. Exactly which employee(s) did the work is largely irrelevant.

Thanks,

Do you mean these prices are offers to sell, & the Seller may not actually have the stone?
And that the Reputation of EGL is what's relevant not the Gemologist making this report in 2012?

Thanks Again,
Uni

 

[WinkHPD]

And the reputation of EGL is, shall we say, somewhat suspect...

By hiding the report number you prevent jewelers on this network from seeing if that stone is still available and if they can get it for you at a cheaper price.

However, those of us who do not use EGL would ask why you want to use a diamond grading report that is known to be defective in choosing your diamond?

What is your advantage in doing this?

Wink

 

[Unicornz0]

And the reputation of EGL is, shall we say, somewhat suspect...

By hiding the report number you prevent jewelers on this network from seeing if that stone is still available and if they can get it for you at a cheaper price.

However, those of us who do not use EGL would ask why you want to use a diamond grading report that is known to be defective in choosing your diamond?

What is your advantage in doing this?

Wink

My concern is anonymity during this purchase.
EGL is not my choice, certainly not after the info I've received in the forums.
I welcome sales offers of similar stones.

How should a person in my purchase situation find a reliable GG & get a reliable Diamond Report.

Thanks Again,
Uni

 

[LibbyLA]

You can:

1. Use the diamond search tool available here to search for diamonds that meet your specs (one of which can be the certificate source) and budget.

2. Post your specs (including budget) in a new thread and some of the folks here with wicked good search skills can probably find some good candidates for you.

3. Contact one of the recommended PS vendors (e.g., Good Old Gold, Brian Gavin Diamonds, ID Jewelry, James Allen, Engagement Rings Direct, among others and this list is in no particular order) and ask them for suggestions.

The vendors aren't going to come to you with sales offers, but you should be able to find something that works for you by doing at least one of the above. But you have to be specific about what's important to you and what your budget is.

liz

 

[Unicornz0]

I do like this diamond I've posted about.

On the EGL report there isn't a legend explaining the diamonds characteristics which have been plotted.
Will someone please explain these characteristics to me, or provide me with a legend specific to this EGL report I've posted.
I'm not sure if I'm looking at clouds, or feathers in this stone, maybe even voids.

I'm trying to make sure I'm not being overcharged.
The Jeweler obviously knows better than me, what this diamond actually is.

Thanks for your continued help,
Uni

 

[WinkHPD]

You can:

1. Use the diamond search tool available here to search for diamonds that meet your specs (one of which can be the certificate source) and budget.

2. Post your specs (including budget) in a new thread and some of the folks here with wicked good search skills can probably find some good candidates for you.

3. Contact one of the recommended PS vendors (e.g., Good Old Gold, Brian Gavin Diamonds, ID Jewelry, James Allen, Engagement Rings Direct, among others and this list is in no particular order) and ask them for suggestions.

The vendors aren't going to come to you with sales offers, but you should be able to find something that works for you by doing at least one of the above. But you have to be specific about what's important to you and what your budget is.

liz

Libby is correct, vendors here will not come to you, it is one of the reasons that Pricescope works so well. You can get tons of information without being beseiged by vendors harassing you.

Wink

 

[Unicornz0]

I do like this diamond I've posted about.

On the EGL report there isn't a legend explaining the diamonds characteristics which have been plotted.
Will someone please explain these characteristics to me, or provide me with a legend specific to this EGL report I've posted.
I'm not sure if I'm looking at clouds, or feathers in this stone, maybe even voids.

I'm trying to make sure I'm not being overcharged.
The Jeweler obviously knows better than me, what this diamond actually is.

Thanks for your continued help,
Uni

Are the circles plotted on the plotting diagram "colorless crystals"?

Thanks Again,
Uni

 

[denverappraiser]

Explaining what EGLs terms and plotting means is the job of the person who is asking you to rely on them or EGL themselves. That means your seller. I assume you have their contact information for the seller and EGL’s is at www.eglusa.com..

It’s actually against the rules of the forum for the sellers to make an offer here, even when asked. As Wink points out, that’s a good thing. You can find tons of similar stones though. In the database I see 20 offers for stones 1.6-1.7/EGL/D/SI1/marquise. Asking prices range from $6300 – $13162.

Correct, mostly the sellers don’t own the stones they’re selling although there may be exceptions. The stone you’re hunting for isn’t a big seller and, although that isn’t a defect or problem for you as the shopper, dealers like to stock things that move quickly for them.

 

[diamondloveaffair]

I do like this diamond I've posted about.

On the EGL report there isn't a legend explaining the diamonds characteristics which have been plotted.
Will someone please explain these characteristics to me, or provide me with a legend specific to this EGL report I've posted.
I'm not sure if I'm looking at clouds, or feathers in this stone, maybe even voids.

I'm trying to make sure I'm not being overcharged.
The Jeweler obviously knows better than me, what this diamond actually is.

Thanks for your continued help,
Uni

Are the circles plotted on the plotting diagram "colorless crystals"?

Thanks Again,
Uni

There's no way to tell from a grading report. It could be black, colorless, red, green and what not.

With a GIA report, you can still infer and make an educated guess based on the clarity grade. For example, if it is a VVS2 diamond, chances are that the inclusion isn't in an obvious color.

EGL? Forget it. They can't even get the clarity grade right in the first place. You would need to get these information from the jeweler who needs to get it from the diamond owner.

 

[heididdl]

Our point exactly which is why PS prefer to purchase GIA stones. EGL is not as strict and their reports sometimes have the legend and some don't ( I know I have two stones from EGL International which is even less strict).

We all give full disclosure here. The reason to share the entire certificate and number is to help you,,