Is this a good deal? Tanzanite/diamond ring

[cavan]

I bought this at auction, here is the AIG retail replacement value sheet, listed at $16K. I'm sure its inflated but I got this under $3k. Hope its at least a fair deal. Any advise or opinions?

EDIT:
Sorry the pic is so small. Not sure what happened. Tried resizing but doesnt work. Can you look it up by appraisal #? 019913240011

 

[cavan]

Heres the description

ESTIMATE: $12,550.00 - $16,700.00. 14KT White Gold 4.71ct Tanzanite and Diamond Ring A5521. Great Condition! PC9572XD. One electronically tested 14KT white gold ladies cast tanzanite and diamond ring with a bright polish finish. Condition is new, good workmanship. The featured tanzanite is set within a stylized diamond bezel supported by diamond set shoulders, completed by a two millimeter wide band. Trademark is PMI. Identified with markings of "14K". Containing: One prong set oval mixed cut natural tanzanite, measuring 11.00 x 8.70 x 6.90mm, 5% bulge factor, approximate weight of 4.71ct., clarity is slightly included, type I, medium dark, very slightly grayish, blue color, (GIA B 6/3), cut is good. Transmitting light with no distortion, transparent. Graded in the setting. Ten prong set round brilliant cut diamonds, measuring 2.90 - 2.70 x 1.68mm (depth est.) approximate total weight of 10 Stones = 0.87ct. Graded in the setting. Clarity VS-2 to SI-2. Color G - I. Fifty-four prong set round brilliant cut diamonds, measuring 1.30 - 1.10 x 0.72mm (depth est.) approximate total weight of 54 Stones = 0.36ct. Graded in the setting. Clarity SI-1 to S1-2. Color G - I. Total Weight of Colored Stones 4.71ct. Total Weight of Diamonds 1.23ct. Total Weight of Ring 5.07gm. AIG Appraised at $16,700.00.

 

[chrono]

The appraisal is definitely grossly over-inflated. I wouldn't say you got a deal for $3K but paid a fair price. The breakdown is around $1K for the tanzanite (because it is slightly included and the saturation is medium) and the rest is for the setting (has some I colour and SI2 melees). I am basing my answer purely on the description of the appraisal and nothing else, presuming that it is accurate.

 

[LD]

I can probably buy the same thing for around $2,500-3,000 so you didn't get a deal but you certainly paid a reasonable price. The estimate is absolute rubbish I'm afraid.

 

[cavan]

Heres the link to the auction. Does it look decent to yall? I'm not looking to make money, just looking for a fair dail for a gift for my wife. Thanks for the help guys. So far it seems to be a fair price.

https://www.proxibid.com/asp/LotDetail.asp?ahid=7998&aid=72781&lid=18087877&rfpb=0#Top

 

[FrekeChild]

Edit: I'm confused! Did you buy this in person?

 

[minousbijoux]

Surprising to see they said the stone was "slightly greyish."

 

[cavan]

Online, wish I could see it in person.

 

[FrekeChild]

But you get it soon, right?