Find your diamond
Find your jewelry
shape
carat
color
clarity

Help please from Vertran PSer.

smartdriver

smartdriver

Rough_Rock
Joined
Jan 4, 2012
Messages
57
I would like to get information on ring from the seller, but I am not successful. I know I am new here and maybe don't have as much privileges as a veteran. Will anyone be able to help me find more infmoation about this seller's ring? Is her price fair for a used ring? She had only replied on Dreamer D. Thanks for your help.

[URL='https://www.pricescope.com/forum/preloved-ps-jewels/ritani-endless-love-platinum-1-01ct-diamond-t170311.html']https://www.pricescope.com/forum/preloved-ps-jewels/ritani-endless-love-platinum-1-01ct-diamond-t170311.html[/URL]
 
I am not sure if I count as a veteran :-P

but here is the information from the GIA report.

Measurements: 6.44 - 6.49 x 3.97 mm
Carat Weight: 1.01 carat
Color Grade: H
Clarity Grade: SI2
PROPORTIONS:
Depth: 61.4%
Table: 56%
Girdle: Thin to Medium, Faceted
Culet: None
FINISH:
Polish: Very Good
Symmetry: Very Good
Fluorescence: None
COMMENTS:
Additional twinning wisps are not shown. Surface graining is not shown.
Click to expand...

Personally I would look for a stone with a cut grade.
 
I went to link you to the diamondbistro listing that was listed (same ring-it was 5800.00 and the stone did display arrows-so it's a well cut stone) but I can't seem to find it. The seller may have modified it and took it down while they are doing that-I'm not sure.

I would post on her listing in the preloved forum or start a thread with the sellers name to try and get their attention.

My ring-a vintage piece from 1930's has a RB in it and is H VVS1 and we got it for 4500.00 and it had no certification nor did it have a cut grade. It sparkles like mad and is slightly deep (meaning its spread is larger so it faces up bigger) and I had it appraised by the gentleman in Houston who does all the appraisals for whiteflash-and he said it's an amazing stone. So I wasn't worried about it not having an ideal cut-nor was a worried that it didn't have a certification.

The stone you are looking at does come with one-so you have more than I went on. Although most people woudn't have taken the risk that my DH and I had-but it was just to good to pass up. That setting alone is well over 1500.00 on todays market and a good quality 1 carat RB is well over 5k alone.

Good luck and I hope you get ahold of the seller! If I see the listing again on DB I'll let you know and link it to you.
 
@ vintagelover229 Thanks you. The price is not consistence with the market now for used. I would think it goes down a bit for a GIA report from 2004. I'm just using the rule of thumb of 30%, but maybe diamonds don't lose any value?

Sigh.

If it wasn't a good cut, how come I can still see the arrows in the diamond?
 
smartdriver|1326137381|3098608 said:
Sigh.

If it wasn't a good cut, how come I can still see the arrows in the diamond?
Click to expand...


The stone is well cut. That is why you can see arrows. Some people need super ideal cut diamonds-I personally don't. My stone is a fire ball and a very well cut stone (not certified as stated before).

I'm glad someone found the DB listing bc I couldn't find it for the life of me! Guess it didn't get removed :lickout:

thanks charmypoo!
http://www.diamondbistro.com/category/216/Natural-Diamond-Center/listings/25784/GIA-101ct-RB-in-Ritani-Setting.html
 
I know the seller mention that an appriaser name Johnathan was contacted at GOG to get and estimate. Do you think the price was higher on DB because that is the retail price of a ring?

Ritani Endless Love Platinum 1.01ct diamond.

Round Brilliant
Measurements: 6.44 - 6.49 x 3.97 mm
Carat Weight: 1.01
Color Grade: H
Clarity Grade: SI2
Depth: 61.4 %
Table: 56%
Girdle: Thin to Medium, Faceted
Culet: None
Finish:
Polish: Very Good
Symmetry: Very Good
Fluorescence: None


I feel this a good estimate:

4800-5300 (Reference: GIA 1.01 H/ SI2, VG/VG is Brian Gavin Virtual Selection)


+3360-3710 (rule-of-thumb to calculate used items -30% on the stone)
+950 (used Ratani Platinum setting on DB)
+ 75 (shipping/ insurance from seller)
Selling range: 4385-4735

Other cost
+ 75 (max shipping insurance @ Rantani)
+200 (max to re-size/polish @ Ratani)
My total cost: 4660-5010
 
:errrr: I'm going bonkers. I read that the report is old and doens't have angle info. I've been on PS about 72 hours straight LOL. Just checking my computer every 5-15 mins. Thanks everyone for your help. Maybe I should just get something new. So much leg work to do and hard to communiate over the net. Is it worth trying to get in contact with the seller? I'm willing to take the risk of buying but now that the cost is high and I can't see the diamond in person, I really seek the risk is outweighing the pros of getting a good price because the price has been hiked?

have to go to work, I'll check back around 5-6pm. THank you again, you'll all so great!
 
I would contact her and make an offer for the $4800 she listed it for in Preloved, if you're interested. If she declines you can always negotiate from there, or walk.

If you are interested, I would suggest making the sale contingent on a satisfactory independent appraisal - the GIA is old and she states she has not had a full, independent appraisal done recently, and you will want to confirm that the stone is in the same condition described on the GIA report, or that any wear and tear from setting and use in the intervening years is negligible, easily removed, doesn't affect value
 
I think the price seems high. You could contact the seller and make an offer based on the excellent research you did finding prices on comparable stones. Used settings go for almost nothing. This is a Ritani used setting, so maybe it will sell for a bit more, but not much. The stone may or may not be well-cut. The fact that the report is old and has no angles or cut grade means that the stone will sell for less. All diamonds show arrows, whether well-cut or not. So the presence of arrows tells you nothing about the quality of the cut.

ETA: Agree with yssie -- you should ask that the sale be contingent upon the results of an independent appraisal.
 
Too late to edit my earlier post -- but I want to make a correction. I did not mean to say that all diamonds show arrows. I shouldn't be typing while I'm on the phone. Multitasking! What I meant was that you need more than just the presence of arrows to determine whether or not the stone is well cut. Some stones with arrows are cut too deep; some too shallow. Some stones with no arrows, for example, specialty-cut rounds cut with a different facet pattern, have no arrows, but are well-cut.
 
hi smartdriver-the seller of the ring posted the angles/other information from the appraisal. If you are interested, I would make an offer contingent on getting another appraisal to make sure that it is eye-clean to your standards and that everything checks out.

also, is the ring the size you would need? i do not think the setting could be resized.
 
Contact the seller through Diamond Bistro.

Ask any questions you may have.

Make an offer based on your best research, knowing that comps with a cut grade are not true comps. A rule of thumb is 30 - 50% off retail for the diamond, and since this diamond does not have a cut grade, you could start at 50% off reasonable comps given the information in the appraisal. If you can reach an agreeable value, your offer would be contingent on verification by an independent appraiser of the information provided in the lab report and appraisal documents from the seller. I would personally use an escrow service for paymet. You put money in the escrow. Then have the seller send the ring to an appraiser whom you pay, such as Neil Beatty (Denverappraiser on PS), who can give you his opinion. If his opinion checks out, then the money is released from escrow to the seller and you get the diamond! It is the safest way to handle situations like this.

Is this type of hassel worth saving about $5k between the stone and setting? I think so, but you may not. And you may also not reach an agreement with the seller. Buying on the secondary market takes PATIENCE and persistence. But it pays off.
 
Yssie|1326139885|3098642 said:
I would contact her and make an offer for the $4800 she listed it for in Preloved, if you're interested. If she declines you can always negotiate from there, or walk.

If you are interested, I would suggest making the sale contingent on a satisfactory independent appraisal - the GIA is old and she states she has not had a full, independent appraisal done recently, and you will want to confirm that the stone is in the same condition described on the GIA report, or that any wear and tear from setting and use in the intervening years is negligible, easily removed, doesn't affect value
Click to expand...

the highlighted portion. That is what I did when I bought my stone. I had it sent to the appraiser (Dave Atlas), Neil Beaty is great too; once he confirmed the info then I asked a million questions and then money changed hands and the stone came to me.
 
@ Yssie: I wanted to push for a lower price to share other cost involved, resizing, polishing, appraisal, and escrow. I want to get under my budget since I had some unexpected cost for medication and dental work.

@ Lula: Has anyone even seen a eye clean SI2 before???
What depreciation should I assume for a setting that has been worn for at least 4 years?

@slg47: Thanks for the info. Even though it’s not from GIA, should I even consider these angles useful? Yea I need a (ring size of 5.5) does the company that graded to get these numbers seem reliable to us?

@Dreamer_D: Yea I’m still doing more research so you’re saying the appraisal data the seller got may not much good?
I want to offer 50% off that would be super, ha, but I want to give her a fair price for her lovely ring. My goodness, I’m thinking maybe 2k off from retail, not 5k. If it was 5k, wouldn’t everyone be jumping all over this ring? ^_^

@Skipping, Dreamer_D: How would I find an escrow company? How do I contact Neal Beatty or Dave Atlas?
 
smartdriver|1326174256|3099164 said:
@ Yssie: I wanted to push for a lower price to share other cost involved, resizing, polishing, appraisal, and escrow. I want to get under my budget since I had some unexpected cost for medication and dental work.

@ Lula: Has anyone even seen a eye clean SI2 before???
What depreciation should I assume for a setting that has been worn for at least 4 years?

@slg47: Thanks for the info. Even though it’s not from GIA, should I even consider these angles useful? Yea I need a (ring size of 5.5) does the company that graded to get these numbers seem reliable to us?

@Dreamer_D: Yea I’m still doing more research so you’re saying the appraisal data the seller got may not much good?
I want to offer 50% off that would be super, ha, but I want to give her a fair price for her lovely ring. My goodness, I’m thinking maybe 2k off from retail, not 5k. If it was 5k, wouldn’t everyone be jumping all over this ring? ^_^

@Skipping, Dreamer_D: How would I find an escrow company? How do I contact Neal Beatty or Dave Atlas?
Click to expand...

this ring is a size 6.5 so if you need a 5.5 I don't think it will work?
 
How would I find out if it works or not? I think the setting has a sizing bar at the bottom, but it can only go up or down 1 size only. So if it is a 6.5, I can go down to 5.5 or go up to 7.5. Can anyone confirm this information?
 
Yes, I've seen eyeclean SI2's.
 
Full retail value on the setting is probably $2k, and the diamond is hard to peg, but full retail value may be in the area of $5k for a non-H&A stone, but maybe less because of the lack of cut grade information, I have no idea since I am not an appraiser. But let's say generously $7k is full retail for the whole thing. I suppose saying you could saveg $5k is an exaggeration in this case, but I had not done the leg work for comparables, that is your job ;)) And determining value is one of the main reasons you need to have an appraiser look at it before you finalize the sale. THEIR opinion matters more than ours. And you need someone good liek Dave Atlas or Neil Beatty or a few other PS known people who will tell you the fair value on the secondary market, not some random inflated value for insurance like many "appraisers" will give.

The information posted by the seller from an appraiser is a good start point but you need to get that information confirmed by someone *you* pay, not someone the seller paid. GIA is independent so there is no disputing that, but you need to confirm that the diamond matches the lab report that there is no damage since the stone was last evaluated...

Listen, I don't want to sound harsh, but you seem fairly green when it comes to diamonds ::) The secondary market is not for everyone, and the learning curve to feel comfortable buying second hand is steep. YOu can get a nice diamond and mount for your budget at an online retailer. Consider that.
 
Appreciate the reply, I’m still up as well. What’s harsh? Are you calling me out as a noob? Hahaha Nah, I’m turning pink right now, not green anymore. I haven’t seen enough diamonds, yes I understand, but once I get through this drama, I will be a better PSer. That ring is so inflated now; I’m turning my head on it, but still thinking about it every 5 minutes. I may go with DiamondSeekers original suggestion on the .80 from WF, but I want a nice platinum channel ring to match it. Any sugguestion?

BTW, You’re the one calling it a steal of a deal in the first place without knowing specifications of the rock. I think you’re turning a lil green yourself! Ha!
 
smartdriver|1326184025|3099206 said:
Appreciate the reply, I’m still up as well. What’s harsh? Are you calling me out as a noob? Hahaha Nah, I’m turning pink right now, not green anymore. I haven’t seen enough diamonds, yes I understand, but once I get through this drama, I will be a better PSer. That ring is so inflated now; I’m turning my head on it, but still thinking about it every 5 minutes. I may go with DiamondSeekers original suggestion on the .80 from WF, but I want a nice platinum channel ring to match it. Any sugguestion?

BTW, You’re the one calling it a steal of a deal in the first place without knowing specifications of the rock. I think you’re turning a lil green yourself! Ha!
Click to expand...

we are all green! lol even us oldies! I am learning something everyday! too funny.

off to look at the link you posted. . . Where is DS's link?

oh and I just call up the appraisers. Neil Beaty is in Denver and Dave Atlas is in Philly or close to Philly.
 
Gypsy|1326176808|3099181 said:
Yes, I've seen eyeclean SI2's.
Click to expand...

Me, too. I used to own one. But one thing to remember is that the definition of eye clean varies from person to person depending on eyesight. So you can't take another person's word on whether or not the diamond will be eye clean to you. That's why it's important to make sure any sale on the secondary market is contingent on the results of an independent appraisal and personal inspection by you.

You're getting good advice here, but I just want to add that many sellers on the secondary market are attached to the appraisal price of the piece not the current retail price. Often the appraisals are wildly over-inflated. In many cases, 50% off the appraised price is higher than what you could buy new, online, retail prices. Basing prices on appraised prices is one of my biggest beefs with the secondary market. Also, the appraisals sellers are using are typically not from independent appraisers, but from the jewelry store where they bought the piece. I have walked away from many negotiations because the sellers -- whether it's ebay, an independent pre-loved forum seller, or a local pawn/estate jewelry shop -- confuse appraised value with market value. And secondary market value is lower than *new* market value, except in the case of rare antiques.
 
Well it looks like a few people want it and it is priced nice if it is a well cut stone. Do you like the ring? If so ask if it can be sent to an appraiser. Or ask the seller if you can talk to Jonathan of Good Old Gold about the stone? Maybe he has some insight on whether it is eye clean, beautiful cut, etc?

It looks like someone in Canada wants it. [URL='https://www.pricescope.com/forum/preloved-ps-jewels/selling-us-to-canada-t170416.html']https://www.pricescope.com/forum/preloved-ps-jewels/selling-us-to-canada-t170416.html[/URL]
so contact the seller and ask all your questions. I bought something in the preloved and I had it sent to an appraiser. Let the appraiser know what you want in a stone. Dave Atlas and Neil Beaty know Pricescope.

Dave is cost more than Neil but Dave knows old cut stones (which I bought) http://www.datlas.com/
Neil Beaty http://www.gemlab.us/
 
smartdriver|1326184025|3099206 said:
Appreciate the reply, I’m still up as well. What’s harsh? Are you calling me out as a noob? Hahaha Nah, I’m turning pink right now, not green anymore. I haven’t seen enough diamonds, yes I understand, but once I get through this drama, I will be a better PSer. That ring is so inflated now; I’m turning my head on it, but still thinking about it every 5 minutes. I may go with DiamondSeekers original suggestion on the .80 from WF, but I want a nice platinum channel ring to match it. Any sugguestion?

BTW, You’re the one calling it a steal of a deal in the first place without knowing specifications of the rock. I think you’re turning a lil green yourself! Ha!
Click to expand...

HA No my friend, I said "If it is a GIA Excellent cut it is a steal of a deal" ;)) That is still true, just not relevant to this diamond.

ETA: I still think the diamond is a good buy if you can reach an agreeable price and work out logistics with an appraiser etc. Ther seller is hailing you to offer first dibs, contact her on DB if you are interested, but make sure you follow the steps many of us have outlined here to make it a good transaction for you both.
 
Over Budget

@Skippy: Here's the link where DS reccomended me a nice stone that was Excellent! not Very Good. [URL='https://www.pricescope.com/community/threads/shell-marry-me-finding-my-pefect-ring-budget-5-500.170252/']https://www.pricescope.com/community/threads/shell-marry-me-finding-my-pefect-ring-budget-5-500.170252/[/URL] hahaha it's not availiable anymore! Anyways, I'm going to look for something else. The seller doesn't want to send it to the appraiser, like i would go for that even though they have been a long time PSer and I'm a noob here. I'm not falling for that trick.

@Lula, Gypsy: Since you both have seen some good SI2 eye clean stones, why can't I find one myself instead of having all this drama. From my research, I can find the an Excellent stone and used Ritani setting for almost the same price. Yea somehow the price went from a reasonable 4800 to and inflated 5800.

@Dreamer_D: You have your chance to get this ring now :naughty: . I'm out of the ballgame. The seller is not willing to work it out by the book and basically the seller wants me to purchase a used ring at retail price, which is not within my budget. ____as this point. Like I mentioned in my post, I have a few inquires that are serious and I wanted to let them know but stand true to my PSers at the same time.
____________________________________________________________________________

**Edited by moderator. Please DO NOT post personal email correspondence on the forum without permission from both parties**

My logic:
http://www.briangavindiamonds.com/diamonds/diamond-details/1.000-h-si2-round-diamond-gia-34993723
$5,102 1.000 H SI2 Round GIA (Ex/Ex/Ex)
$950 Ritani used setting
$6052 Total (Excellent cut)

Seller logic:
$5800 1.01 H SI2 Round GIA (VG/VG/VG) with Ritani setting
$40 Polishing
$50-75 Shipping and insurance
$100-200 Resizing/Shipping @ Ritani
$85-175 Appraisal Dave/Neil
$$$ No warranty/ Not Excellent cut
$6075-6290 Total (Very Good cut)

:appl: BTW: I never even found out if I can resize it to 5.25 or 5.50 so it would fit on my girls’ finger. So the saga continues...This place does make you go bonkers.
 
Smartdiver, I didn't do any escrow thing. I think you might be making it more complicated? sounds like there are things that are bothering you. So the stone that sold on BGD, why don't you call them up and tell them you would like something similar in that price range; they might get new diamonds? I did that when I bought my studs from them; I talked to Lesley and she told me what they might have coming in.

eta: Mrs. Salvo brings up a good point; I forgot that she wouldn't let the appraiser be the middle man. I would want the appraiser as the middle man or it would be a no deal for me, but that is just me.
 
I wouldn't worry so much about escrow but don't see how the seller can expect you to pay 6k and then trust her to just ship it to you without verifying what is being sold. Also, despite all of the wonderful info the seller has provided, who's to say the stone wasn't swapped for a cz. I'm not saying that is the case, but without and appraiser or middle man you can verify it. So, that is unreasonable on the seller's part IMO. Sometimes an appraiser or jeweler will be the middle man and some folks do it that way.

I think you are better off finding your own stone and setting, honestly and what I would do in your situation. You have a great budget and might as well use it and get the assurance of just buying from a PS vendor. I love a good deal and there still might be one out there for you!! I'll have a some time later today and see what I can hunt down as well, at least give you some other options :))
 
I think your reasoning is correct on this one.

(BTW I am not sure you should have posted the email correspondence from the seller without her permission..)
 
It may not matter but that Ritani setting now costs almost 4K :eek:

http://www.pearlmansjewelers.com/jewelry-designers/ritani-jewelry/rings/12QQ1/

so, $950 might be a low estimate on what it would be valued even second hand. I think if you can get the seller to agree to sending it to an appraiser and the sale being contingent about everything being accurate then it's still a pretty good deal for someone...
 
What would you consider a good price for this setting, if you were to buy it? 2000 or 3000? What comparable setting are you using to base the price on, to state that the estimate is low? What am I paying for, the brand, the craftmaship, the platinum?

This interesting thoughtbjust came into my mind. Hey if I sell a 18k gold or platinum setting for scrap, it's 2mm thick, how much is the actual metal even worth? Am I really paying a premium for the brand name, design, and craftmanship? Does platinum come as 14k/18k like gold?

mrssalvo|1326322724|3100731 said:
It may not matter but that Ritani setting now costs almost 4K :eek:

http://www.pearlmansjewelers.com/jewelry-designers/ritani-jewelry/rings/12QQ1/

so, $950 might be a low estimate on what it would be valued even second hand. I think if you can get the seller to agree to sending it to an appraiser and the sale being contingent about everything being accurate then it's still a pretty good deal for someone...
Click to expand...
 
You must log in or register to reply here.
GET 3 FREE HCA RESULTS JOIN THE FORUM. ASK FOR HELP
Jewelry Blog
PriceScope-Concierge-Ad
Find prime cuts.
Top