Just purchased diamond--appraisal help!

[dogmama]

Hi all!

We just purchased a diamond from GOG and were wondering if we should get an independent appraisal of the stone? I know that GOG has a strong reputation and I''m positive that they give an accurate portrayal of the diamond with the megascope, gemex, idealscope and the AGS certificate. Which is why I''m wondering if I should still arrange to send it off to an independent appraiser.

Please let me know your thoughts!
Thanks!

 

[Skippy123]

Well the appraisal is up to you. Most people get an appraisal to verify the diamond matches the cert and for insurance purposes.
This thread should help you https://www.pricescope.com/community/threads/why-have-a-certed-diamond-appraised.10662/
Congrats on your new diamond

 

[dogmama]

Hi Skippy,

Thank you! I''m still so nerve wracked about the whole thing even though we had a lot of info from GOG. Thank you for the link it''s helped. I believe maybe after mounting it I''ll get it appraised since its not a bezel setting. This option might be a more cost effective choice for us since GOG runs such a battery of tests and has such a good rep. It would really just be for insurance purposes.

Anyone know of a competent ind. appraiser in NYC or Long Island?

Thanks!

 

[Lorelei]

Date: 3/30/2008 7:19:49 AM
Author: lilythespitfire
Hi Skippy,

Thank you! I''m still so nerve wracked about the whole thing even though we had a lot of info from GOG. Thank you for the link it''s helped. I believe maybe after mounting it I''ll get it appraised since its not a bezel setting. This option might be a more cost effective choice for us since GOG runs such a battery of tests and has such a good rep. It would really just be for insurance purposes.

Anyone know of a competent ind. appraiser in NYC or Long Island?

Thanks!

It depends on your comfort level. Some who buy from vendors with an excellent rep like GOG don''t worry about getting an independant appraisal, but it depends on what is best for you.

Here is a link where you should be able to find an appraiser near you.

https://www.pricescope.com/appr_list.aspx

 

[dogmama]

Hi Lorelei,

I was thinking along the same lines of not even having it appraised since GOG is so reputable, but I am worried that I would be cheating myself for missing the 30 day return policy if *something* should come up. Erring on the side of caution is probably my motto when it comes to big purchases.

Do you know of any PSers that bought at GOG and DID NOT have it appraised and felt OK with it?

I have twinning wisps in my diamond and I was just concerned that I''d need to have that checked out in case my girdle chipped or got cracked.

I checked that link and found a few I liked. However, I wanted to know if anyone has real life experience with any NYC or Long Island appraisers. I hate walking into to meet someone blind--which is why I was so happy to purchase at GOG.

Thanks,
Lily

 

[Lorelei]

Date: 3/30/2008 7:52:18 AM
Author: lilythespitfire
Hi Lorelei,

I was thinking along the same lines of not even having it appraised since GOG is so reputable, but I am worried that I would be cheating myself for missing the 30 day return policy if *something* should come up. Erring on the side of caution is probably my motto when it comes to big purchases.

Do you know of any PSers that bought at GOG and DID NOT have it appraised and felt OK with it?

I have twinning wisps in my diamond and I was just concerned that I'd need to have that checked out in case my girdle chipped or got cracked.

I checked that link and found a few I liked. However, I wanted to know if anyone has real life experience with any NYC or Long Island appraisers. I hate walking into to meet someone blind--which is why I was so happy to purchase at GOG.

Thanks,
Lily

I think there may have been one or two if my memory serves me correctly, that may not have had an appraisal after a GOG purchase, as they felt it was unecessary for them. Maybe they will see this query and chime in. But it is up to your own comfort level if you would rather do so, if you feel that it would be prudent on such a big purchase, then it may add to your overall sense of ' job well and thoroughly done - money well spent' so to speak!

 

[cwj]

Its funny to come across this post now, I have been concerned about my ins. coverage every since I had my stone remounted. Heres why: when the stone was purchased, years ago, in a retail store (like a mall) the center stone was graded G si2 2.01. My problem is when it was redone, it was reappraised. The people that did the work said they r all GIA trained. They graded very strick (I think), but reguardless, I feel they gave what they think is a GIA grade, and it most likely is closer, but I don''t get the Gia cert. that goes along with such tough grading. They went from the G si2 to a I I1. So now if something happens to this ring, the ins company will shop a I i1, not a GIA cert I i1. Who knows what I will end up with. Am I making any sense? Would this concern u, what do I need to do?

I am attaching a post from the link that was suggested about appaisals. This is exactly what I am worried about.


First a little background.
I work in the computer industry and deal with insurance companies often on behalf of our clients.
This is how it works the insurance companies have preferred providers and they will try and replace your computer with the lowest end computer that they can from that provider.
Usually it will be a dell in today’s computer world.
This works for a lot of people because it is a nice upgrade but for the special purpose user or a dedicated gamer it sucks.
The systems they want to shove on you wont come close to what you had.
For example we had a client with a $3000 tv production card in his computer that got hit by lightning and fried everything on it.
The $3000 was the current price he paid over $6000 for it.
They tried to force him to take a $2000 settlement or a dell of that value.
By having us explain to them in writing why it was not a just settlement he got enough money to get a system that had the card in it.
Now you ask what does this have to do with diamonds?
Well they work the same way if you have a claim and all you have is a picture of the setting and a piece of paper saying the diamond is a .5ct g si1 you will get the cheapest .5ct g si1 diamond their preferred provider can get.
For a mall store grade original that might be good enough.
But if you put your time in here before buying it’s a rip off.
You need the paperwork to prove it was something special and worth more than the cheapest stone they can get from their source.
The more paperwork the better off you are.
Keep in mind that the average insurance adjustor is likely not going to be a diamond expert and their job is to get you to go away as cheaply as possible.
The best way to get a fair settlement is to bury them in relevant paper and the paper has to be legit or its insurance fraud and you will do jail time.
Once the diamond is gone there is no way to get the needed paperwork for a fair replacement.

-
Diamonds are my insania!
-
Veritas Vincit
A Cruce Salas

 

[cwj]

bump

 

[risingsun]

I purchased my diamond from WF. They are also a respected vendor. I had an independent appraisal of the stone. I would do the same for a diamond from GOG. I did this for my peace of mind. For the amount of money involved in purchasing a diamond compared to the amount for an appraisal, it seems like a reasonable course of action to me. I also wanted to know the retail value of the diamond, should I choose to have a non-internet transaction with this diamond.