I want to preface my statement by saying that I am a novice about the whole diamond business so please be patient if my question sounds naive.
I was reading about the whole business of 8*, H&A, etc.
I'm convinced that these cuts are superior to many other diamonds since I believe that cut is the most important quality in a diamond.
However, because of the "special-ness" of these diamonds, naturally we will be asked to pay a premium on them. A 1.0 carat with one of these types of cuts can be easily over 5 figures.
I could spend half of that to get a larger diamond with similar quality at the mall.
Couldn't I potentially purchase a lower-priced diamond with good quality at the mall and have it re-cut. Of course, I would pay the extra $300-$1000 for the recutting, but it would be cheaper than buying one already made?
So to sum up, here is a hypothetical senario.
I want to propose to my gf. I am shopping for a ring, and my budget it $9000.
I am at a jewerly store at the mall. They are having a sale on diamonds. I find a 1.5ct, VS1, E color, round diamond for $5000. (Even though that last sentence is an assumption, I was trying to be as accurate as possible, so please commennt if you think that that kind of diamond with price is impossible to find. I wrote it because I think I might have actually seen it before).
I like it except that it doesn't have the best light return. It isn't horrible, but not like the H&A, 8*, or other types of cut.
Despite that, I purchase the diamond anyway because I know that I can go ahead and get it recut by 8*, H&A, etc. I pay $1000 for the recutting. It reduces to a 1.3 but now it has great light return with no leakage.
In total I spend $6000, well within my budget for a large, well-cut diamond.
If I went straight to H&A, 8*, etc. to get that same diamond (1.3, VS1, E color) wouldn't I have spent over 5-figures?
So why doesn't everyone do this??? Please comment on where I might have gone wrong with my senario.
I was reading about the whole business of 8*, H&A, etc.
I'm convinced that these cuts are superior to many other diamonds since I believe that cut is the most important quality in a diamond.
However, because of the "special-ness" of these diamonds, naturally we will be asked to pay a premium on them. A 1.0 carat with one of these types of cuts can be easily over 5 figures.
I could spend half of that to get a larger diamond with similar quality at the mall.
Couldn't I potentially purchase a lower-priced diamond with good quality at the mall and have it re-cut. Of course, I would pay the extra $300-$1000 for the recutting, but it would be cheaper than buying one already made?
So to sum up, here is a hypothetical senario.
I want to propose to my gf. I am shopping for a ring, and my budget it $9000.
I am at a jewerly store at the mall. They are having a sale on diamonds. I find a 1.5ct, VS1, E color, round diamond for $5000. (Even though that last sentence is an assumption, I was trying to be as accurate as possible, so please commennt if you think that that kind of diamond with price is impossible to find. I wrote it because I think I might have actually seen it before).
I like it except that it doesn't have the best light return. It isn't horrible, but not like the H&A, 8*, or other types of cut.
Despite that, I purchase the diamond anyway because I know that I can go ahead and get it recut by 8*, H&A, etc. I pay $1000 for the recutting. It reduces to a 1.3 but now it has great light return with no leakage.
In total I spend $6000, well within my budget for a large, well-cut diamond.
If I went straight to H&A, 8*, etc. to get that same diamond (1.3, VS1, E color) wouldn't I have spent over 5-figures?
So why doesn't everyone do this??? Please comment on where I might have gone wrong with my senario.
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