Hearts and Arrows Diamond Question

[njdiamondlooker]

I saw the Rapaport price list at my local jeweler today. Does this price list apply to a hearts and arrows diamond? I got a quote froma guy for a
.90
VS1
I color
Hearts and Arrow diamon for $4500
The jeweler told me such a ring on the Rapaport is $4200 and with the 10% 3800

Is the jeweler correct in saying the guy trying to sell me the H&A diamond is ripping me off?

 

[mdx]

The weekly Rapaport charts don’t really relate to anything a consumer can use,

Perhaps you may want to look in this sites tutorial or do a topic search.

You will find plenty of info as to why you should totally disregard these charts

Johan

 

[niceice]

The Rapaport Diamond Report more commonly known as "Rap" is merely an indication of possibility and can be the doorway to Pandora''s box for the public who are unlikely to understand the inner workings of a seemingly simple system for determining the selling price of a diamond. A poorly cut diamond might sell for as much as 60% off of Rap - a discount off of Rap is referred to as "in back of Rap" while an extremely precisely cut diamond such as an ideal cut diamond cut to the center range of the ideal cut specifications might sell at Rap or considerably higher depending on it''s relative rarity in the market at this time... Those of us who are dealers can tell you that we have Rap and higher for diamonds in the 1.65 - 1.99 carat range of late and that eighty and ninety pointers are also fetching premiums. We recommend reading the tutorials here on PS that discuss the definition of "Hearts & Arrows" and "ideal cut diamonds" and run a search on the diamond search engine to see if you can find pricing for a diamond of comparable quality. What gemological laboratory graded the diamond? Diamonds graded by different gemological laboratories tend to sell for different prices in relationship to Rap based upon the perceived degree of accuracy and consistency exhibited by each laboratory... The two most respected gemological laboratories here in the United States are the GIA and AGS, other laboratories are not considered to be as accurate nor consistent and thus diamonds papered by them tend to sell for substantially less and the Rap "discount" would then appear to be more substantial when in fact you are may be buying a diamond that is priced incorrectly based upon an inaccurate grade... In other words, a 0.90 carat, G, SI-1 that is selling for -10% off of Rap is "no deal" when it is really a 0.90 carat, I, SI-2 that is actually then being sold over Rap. Regardless of what you may think of our explanation, have the characteristics of the diamond verified by an independent Gemologist of your choosing prior to completing the transaction, you can always make it a "condition of sale" with the vendor with the right to return the diamond for a full refund if you don''t like what the Gemologist has to say about the diamond - get it in writing... The jeweler shouldn''t have a problem with it, after all every one of the dealers here on PS offer this type of option for their clients. Oh and the answer to the statement "but you''re standing here in my store and you can see the diamond, the internet dealers have to offer that type of guarantee or nobody would buy from them sight unseen" is "well both Good Old Gold and Nice Ice have retail stores and their inspection period extends to their in-store clients as well..." and many, many traditional brick and mortar jewelry stores offer similar types of inspection and return policies, if the jeweler isn''t willing to offer something like this to you, something is likely to be amiss.

 

[phoenixgirl]

Here is a similar stone selling for $4457:

http://www.goodoldgold.com/0_90ct_i_vs1_h&a1.htm

It seems that your stone, as long as it is certified and a true H&A, is selling for a reasonable price.