I think I found THE DIAMOND! Please help!

[strmrdr]

Date: 9/22/2008 1:29:04 AM
Author: wishinpink
OH! I thought of one last question!


Karl, how do you know how much GOG will buy back a piece for? Do they have a set formula of sorts?

Do you know how much GOG takes as a commission on pieces sold on consignment?

75% buyback.
dunno on consignment.

http://goodoldgold.com/LifetimeGuarantee/

 

[Lorelei]

Date: 9/22/2008 12:12:59 AM
Author: strmrdr
What I think I would do is make an appointment with the appraiser, meet there, you with a certified check her with the diamond.
The appraiser says no damage you pay for the diamond and the appraisal and your good to go.
If damage is found then the other party pays for the appraisal and you go your way and they turn it into their insurance.

Ditto!

 

[wishinpink]

Thank you so, so much for your advice!

1 minor detail though! She and I don''t live in the same state so we cannot meet at an appraiser.

I''ve told her I will buy the diamond from her, but I am not sure what''s the safest way to get her the money (with minimum fees). What is the best way to protect me from fraud? I plan on appraising the diamond as soon as I get it from her and checking for damages. She says I can return the diamond if it''s damaged. Is this a good/bad idea?

 

[misspinky]

Date: 9/22/2008 4:03:37 PM
Author: wishinpink
Thank you so, so much for your advice!


1 minor detail though! She and I don''t live in the same state so we cannot meet at an appraiser.


I''ve told her I will buy the diamond from her, but I am not sure what''s the safest way to get her the money (with minimum fees). What is the best way to protect me from fraud? I plan on appraising the diamond as soon as I get it from her and checking for damages. She says I can return the diamond if it''s damaged. Is this a good/bad idea?

Paypal is generally one of the safest ways for this kind of transaction because of the buyer protection. I *know* that I read another thread having to do with this earlier and someone suggested having whichever appraiser you choose act as a sort of intermediary (i.e.--the stone is sent to the appraiser, if there are no problems, you pay for the stone and it is given to you...if something happens, the stone is sent right back to the owner...or something like that)

 

[neatfreak]

Date: 9/25/2008 11:45:09 PM
Author: misspinky

Date: 9/22/2008 4:03:37 PM

Author: wishinpink

Thank you so, so much for your advice!



1 minor detail though! She and I don't live in the same state so we cannot meet at an appraiser.



I've told her I will buy the diamond from her, but I am not sure what's the safest way to get her the money (with minimum fees). What is the best way to protect me from fraud? I plan on appraising the diamond as soon as I get it from her and checking for damages. She says I can return the diamond if it's damaged. Is this a good/bad idea?

Paypal is generally one of the safest ways for this kind of transaction because of the buyer protection. I *know* that I read another thread having to do with this earlier and someone suggested having whichever appraiser you choose act as a sort of intermediary (i.e.--the stone is sent to the appraiser, if there are no problems, you pay for the stone and it is given to you...if something happens, the stone is sent right back to the owner...or something like that)

Paypal's buyer protection is iffy at best, and for some sellers it's only $200 NOT the $2,000 that paypal often advertises. With PP $2,000 is the ABSOLUTE MAX that you could recover from them, even if the item is very expensive. So this IS NOT and I repeat, IS NOT the safest way to go. Paying by CC is the absolute safest because you can always file a chargeback with your CC company if there is fraud. So if you DO go to PP route, please pay with a CC through paypal, NOT with your bank account!

A good appraiser can also act as an escrow agent, so upon his/her approval of the stone, the seller gets the $ and you get the ring. If it doesn't check out, everything goes back to their original owners. I know Richard Sherwood and Dave Atlas can do these things for you, I assume many other appraisers can too.

 

[misspinky]

Date: 9/25/2008 11:47:45 PM
Author: neatfreak

Paypal''s buyer protection is iffy at best, and for some sellers it''s only $200 NOT the $2,000 that paypal often advertises. With PP $2,000 is the ABSOLUTE MAX that you could recover from them, even if the item is very expensive. So this IS NOT and I repeat, IS NOT the safest way to go. Paying by CC is the absolute safest because you can always file a chargeback with your CC company if there is fraud. So if you DO go to PP route, please pay with a CC through paypal, NOT with your bank account!


A good appraiser can also act as an escrow agent, so upon his/her approval of the stone, the seller gets the $ and you get the ring. If it doesn''t check out, everything goes back to their original owners. I know Richard Sherwood and Dave Atlas can do these things for you, I assume many other appraisers can too.

That''s a really good point--I''ve never bought anything via paypal that was over the 2000 max recovery value and always made sure the refund terms were clear before purchasing.

And escrow agent was the exact term I was thinking of--good call