Looking at buying this ring. Worth the price?

[fooz7283]

Hey everyone. I'm in the process of buying an engagement ring and I'm considering buying this diamond. Knowing nothing about diamonds, I wanted to see if I'm getting a fair price. They're asking $7500 for the diamond. Here's the GIA report. Thanks!

Round Brilliant
Measurements: 6.40 - 6.43 x 3.98 mm
Carat Weight: 1.01 carat
Color Grade: J
Clarity Grade: VS2
Cut Grade: Excellent
Total Depth: 62.1%
Table: 57%
Crown Angle: 35.0°
Crown Height: 15.0%
Pavilion Angle: 41.0°
Pavilion Depth: 43.5%
Star Length: 50%
Lower Half: 75%
Girdle: MED to STK, F (4.0%)
Culet: None
Polish: Excellent
Symmetry: Excellent

 

[Niel]

You could get a higher color for that price, or pay less for that color, however you want to look at it
http://www.briangavindiamonds.com/diamonds/diamond-details/1.027-h-vs2-round-diamond-ags-bl-104061006007

http://www.jamesallen.com/diamonds/J-VS2-Excellent-Cut-Round-Diamond-1529275.asp

Also you would want to run it through the HCA calculator. See if it scores less than 2.
https://www.pricescope.com/tools/hca

i did not run it so I dont know if that does or not.

 

[Sakuracherry]

Definitely overpriced. Nielseel gave you great advice.

 

[bunnycat]

It gets a 2.4 on the HCA with those numbers (buy only if the price is good). I think you could do better as Nieelseel says. It doesn't mean this ones a bomb (but is a little overpriced), but I think you'd need more info if you're set on it.

I think the preffered depth range to stay in is 61-62 so this one is a little out, and the crown and pavilion angels are both right at the cusp of the 34-35 crown, 40.6-41 pavilion so it seems to be maximizing weight while staying on the outer bounds of ideal specs (but I'm no expert). I think you'd need an unbiased eye (independent gemologist) to review it to know about it's performance (or get an idealscope and check the performance yourself). If that sounds like a lot of work, you might check online for some stones with better specs or see if they can bring in more choices at least.

 

[fooz7283]

Thanks for the information. If $7500 is too much to pay, what would be a "fair" price?

 

[JulieN]

5.5? 6?

You can do a search on PS database.

 

[Niel]

I didnt do a PS search but on James Allen a GIA excellent non Hearts and Arrows stone was between 4500 and 5500

 

[Christina...]

Hi fooz! Welcome to PS! Are you shopping locally with a BM? Have you consider shopping online? I'm asking because if you'd like to share your budget and criteria we could help you find something beautiful and at a fair price. Online vendors tend to have better upgrade and return policies as well. They also typically have more information about the diamond, helping to ensure that you're making a great choice.