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From ignorant to purchase (EightStar) in a month!

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tankertoad

Rough_Rock
Joined
Nov 9, 2007
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Even though I purchased some ACA studs a few years back, I had all but forgotten whatever diamond education I had acquired since and when it came time to shop for a 10th anniversary stone (around 1.75 carats, at least H/VS2)) I had to come back here and start from scratch. It was a crash course and I quickly frustrated the local jewelers with my savvy. I could have bought the first "decent" thing I was offered in the beginning by a trusted family jeweler (an average cut EGL 1.7 J VS1 with an HCA in the 5s) because my wife isn''t picky (thankfully).

But I quickly learned that cut should be a differentiator and so I kept searching. A trip to Robins Bros. to get an idea of what was what (they have a large inventory, if nothing else) turned into a joke when the rep tried to push on me a two carat M with strong fluorescence on the principle that size was everything. Then the family jeweler called back with an EGL 1.73 G VS1 with slightly better cut (T-60, D-62.3, C-13.8%, P - 43.6%, HCA - 4.3). It was actually a pretty stone but I had to at least look at something "ideal" to satisfy my curiosity.

After some more researching here, I found another shop (The Jewelry Source in El Segundo CA)that showed me an "EGL Tolkowsky", an AGS ideal "fresh from Antwerp", and an EightStar. Long story short, I fell in love with the EightStar. If I hadn''t seen it, I could have easily accepted one of the others. But the broad flashes of fire and overall brilliance won me over and I couldn''t go back. I brought my wife back and, while she would have been happy with anything, she agreed it was indeed beautiful.

So, I briefly struggled with having to accept a stone that is two color grades and one clarity grade lower than what I previously thought was my minimum in order to get the "performance" I observed with the EightStar cut. In the end, I felt it was justified at the price premium. There''s plenty of EightStar threads here if you search so I won''t go into whether it was worth it except that it was to me (and I wasn''t a victim of BrillianceScope images and EightStars marketing and "hype" either). I will say face up it is completely colorless (slight tint underneath) and the inclusions at 10x weren''t all that obvious to me. The only undesirable aspect of the purchase was the stone was in a setting the whole time. Here''s the specs:

1.64 Carat J/SI1 GIA graded
7.63 x 7.64 x 4.67mm
T - 54%
D - 61.2%
C - 34.5
P - 40.7
Polish - Very Good
Symmetry - Excellent

I think the Mark Morrell settings are beautiful but my wife wants a simple six prong solitaire. I stood firm on the stone so she can choose the setting.

Two questions:

1. the GIA report is from ''04. Should I just have it sent back to the GIA or would it be weird to have it graded at AGS this time (having one report from each lab)? I realize AGS might not match (not be ideal) but I bought the diamond for its beauty and not the numbers (although they''re nice as supporting figures). Just thought it would be cool to get the most precise readings.

2. Should I still get it independently appraised even though I know exactly what it is? What about for insurance purposes?

Thanks to everyone here for the knowledge and advice. Pricescope has been indispensable!
 
To answer your questions, I don''t know if it makes much sense to send the diamond to AGS for grading. I think if you want detailed information, as well as a good appraisal for insurance purposes, it does make sense to send it to a great appraiser like Neil Beatty. I know Gypsy just got her diamond appraised, I believe by him, and it seems like she got a lot of great photos of the diamond and information on it.

The diamond sounds beautiful and that''s a great anniversary present! So...can we see some pics to prove it?
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Date: 12/2/2007 1:47:15 AM
Author:tankertoad
Even though I purchased some ACA studs a few years back, I had all but forgotten whatever diamond education I had acquired since and when it came time to shop for a 10th anniversary stone (around 1.75 carats, at least H/VS2)) I had to come back here and start from scratch. It was a crash course and I quickly frustrated the local jewelers with my savvy. I could have bought the first ''decent'' thing I was offered in the beginning by a trusted family jeweler (an average cut EGL 1.7 J VS1 with an HCA in the 5s) because my wife isn''t picky (thankfully).

But I quickly learned that cut should be a differentiator and so I kept searching. A trip to Robins Bros. to get an idea of what was what (they have a large inventory, if nothing else) turned into a joke when the rep tried to push on me a two carat M with strong fluorescence on the principle that size was everything. Then the family jeweler called back with an EGL 1.73 G VS1 with slightly better cut (T-60, D-62.3, C-13.8%, P - 43.6%, HCA - 4.3). It was actually a pretty stone but I had to at least look at something ''ideal'' to satisfy my curiosity.

After some more researching here, I found another shop (The Jewelry Source in El Segundo CA)that showed me an ''EGL Tolkowsky'', an AGS ideal ''fresh from Antwerp'', and an EightStar. Long story short, I fell in love with the EightStar. If I hadn''t seen it, I could have easily accepted one of the others. But the broad flashes of fire and overall brilliance won me over and I couldn''t go back. I brought my wife back and, while she would have been happy with anything, she agreed it was indeed beautiful.

So, I briefly struggled with having to accept a stone that is two color grades and one clarity grade lower than what I previously thought was my minimum in order to get the ''performance'' I observed with the EightStar cut. In the end, I felt it was justified at the price premium. There''s plenty of EightStar threads here if you search so I won''t go into whether it was worth it except that it was to me (and I wasn''t a victim of BrillianceScope images and EightStars marketing and ''hype'' either). I will say face up it is completely colorless (slight tint underneath) and the inclusions at 10x weren''t all that obvious to me. The only undesirable aspect of the purchase was the stone was in a setting the whole time. Here''s the specs:

1.64 Carat J/SI1 GIA graded
7.63 x 7.64 x 4.67mm
T - 54%
D - 61.2%
C - 34.5
P - 40.7
Polish - Very Good
Symmetry - Excellent

I think the Mark Morrell settings are beautiful but my wife wants a simple six prong solitaire. I stood firm on the stone so she can choose the setting.

Two questions:

1. the GIA report is from ''04. Should I just have it sent back to the GIA or would it be weird to have it graded at AGS this time (having one report from each lab)? I realize AGS might not match (not be ideal) but I bought the diamond for its beauty and not the numbers (although they''re nice as supporting figures). Just thought it would be cool to get the most precise readings.
GIA and AGS sometimes do not give 8* tp cut grades - see threads on painting.
2. Should I still get it independently appraised even though I know exactly what it is? What about for insurance purposes?seems you probably only need an appraisal for insurance purposes. There are many excellent appraisers who post here, and you can find a lot under resources - the top right side Tab

Thanks to everyone here for the knowledge and advice. Pricescope has been indispensable!
 
In my opinion the best person to give you an appraisal for insurance purposes is the EightStar dealer who sold you the gem. If you do decide you need an independent appraisal then be sure to get one who knows how to value an EightStar, you did pay a premium for it that was also paid by your vendor and I have seen some horrible appraisals on them by appraisers not knowledgeable about the price of EightStars.

Fortunately that probably will not be a problem with most of our Pricescope appraisers, but I think you can be comfortable wth the "valuation for insurance purposes" that can be provided by your now new family jeweler.

Wink
 
P.S. Congratulations!
 
The value of an insurance appraisal on an Eightstar cut stone has gone up because of the GIA cut grading system because GIA doesn’t value the same things that eightstar and their customers value. The problem is not in knowing what you have or even what it’s ‘worth’ but in specifying how the insurance company will replace it in the case of a loss. As Garry mentioned, Eightstars do not generally score the top grade with the GIA cut system. If you have a stone that’s defined as a GIA-good cut, something that happens occasionally with eightstar, and your insurance company replaces with a non-Eightstar good, it’s very unlikely that you will have been made whole. There are a lot of things that will make a stone ‘good’, but only one that will make it an eightstar. This difference will be based on the details in your appraisal since the special properties of eightstar are not adequately described on the GIA report. If it’s not in your appraisal than you’re undermining the value of your insurance policy. Make sure to use an appraiser who is familiar with eightstars.

An ’04 GIA report is fine for most purposes, possibly better because that’s before they started assigning a cut grade.

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
 
tankertoad, I feel you''ve been given great advice on the appraisal.

I also have a branded stone, a Hearts on Fire....it''s definitely a headlight.

I''ve had the pleasure of seeing some Eight Stars too. In fact, I put my HOF right up next to several and each time they practically glowed in the dark....like very small bright flashlights.

Congratulations!! It sounds like you''ve made a super choice and I''d love to see the resulting ring
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Many congrats. I have always been one of EightStar's greatest fans (it's greatest fan?) Peanut gallery, feel free to comment if you must...

There is no need when choosing the piece of artwork that EightStar is to be concerned with the opinions of those who cater to the mass market (i.e., GIA and AGS)

Go Chubb or similar with insurance and make sure you can choose an EightStar to replace yours if something happens to it.

Brenda is fabulous and her appraisal will do nicely. (Please give her my regards)

Enjoy,

lawmax
 
I would not have it regraded, and as Wink said, your jeweler can provide an insurance valuation. I agree with lawmax that if you go with insurance such as Chubb, then you can replace it with anything you want. Please be sure to post pictures for us!
 
Ummm . . . Ahem . . . I don't seem to see any pics here. What's up with that?

When can we expect some? [yanking your chain] Actually, I would like a you tube video of the stone so we can see the flashes from the 8* [yanking your chain some more - sort of - DH wants to get an 8* cut and neither of us have ever seen one except in a still photo so if a video were possible that would be great! If not, that's OK. 8* should put one on their site! Or we'll have to fly out to see the big one they cut in person].
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Anyway, congratulations!
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I hear that 8*'s are great stones. Can't wait to see one!
 
Date: 12/7/2007 8:45:37 PM
Author: lawmax

There is no need when choosing the piece of artwork that EightStar is to be concerned with the opinions of those who cater to the mass market (i.e., GIA and AGS)

Go Chubb or similar with insurance and make sure you can choose an EightStar to replace yours if something happens to it.

lawmax

I agree with lawmax.
 
I've held the American Star. It's an amazing experience. I watched industry pros who've seen and appraised thousands of rare and beautiful pieces be absolutely blown away while holding and watching that diamond.

Go see it if they'll let you! I got an email saying that it was going to be on display at the opening of Diamond Boutique's new store in Del Mar. I deleted the email and don't remember the date.

There is video of the American Star on eightstar's sites's front page, but the cameraman did not capture the huge flashes of color one sees when viewing it in person. It's like a kaleidoscope, but much brighter. Fascinating and stunningly beautiful.
 
Thanks for the info, lawmax. I would LOVE to see and hold that stone. I am on the east coast. I wonder if it still travels around?
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I''ll have to give them a call to see if there is a travel schedule.
 
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