Need help! Is this ring a good deal?

[Chrisholmes]

Found a ring I am interested in but I have no idea if the asking price is reasonable or not. Can anyone help???


Description: One white gold ring with yellow gold setting, stamped 18k, containing the center colored diamond described in detail below. The ring also contains 74 round brilliant cut with an estimated total weight of 0.83ct., and 2 triangular brilliant cut with an estimated total weight of 0.31ct. All side stones are G-H color, VS1-SI1 clarity.

Center stone:

Shape and cut: Cut corner square mod. brilliant
Measurements: 6.50x6.40x4.60mm
Weight: 1.76ct.
Color grade: Fancy intense yellow
Clarity: SI3
Fluorescence: Medium blue
Depth: 71.9%
Table: 70%
Girdle: Thick Polished
Culet: None
Polish: Very Good
Symmetry: Very Good


JEWELER IS ASKING $10K. IS THIS WORTH THAT OR SHOULD I BE NEGOTIATING FOR LESS? AND IF I SHOULD NEGOTIATE FOR LESS, WHAT WOULD THAT BE BASED ON?

Any help would be greatly appreciated.

 

[yellowsparkles]

who graded the stone? gia, ags, egl???
if it really is fancy intense yellow - could be a really good price? i am not familiar w/ radiants - cant cooment on cut.

 

[Chrisholmes]

The stone was graded by UGS - they are an affiliate of EGL-USA.
I believe the diamond is a cushion cut

 

[peridot83]

I am no expert, so this is just what I''ve picked up from the forums. Mainly the value of a fancy color totally depends on the quality of the colors, so the #s won''t tell us much:

1. Have you seen the diamond? How yellow is it to you? Have you seen many fancy color radiant diamonds before?
2. EGL, at least, I don''t know bout UGS, is not well regarded for fancies. They often give what would be poor color graded white diamonds (i.e. U - v) from the GIA a fancy yellow grade. I also believe they don''t separate out the colors as much as GIA (i.e. between fancy- intense, vivid). But color is extremely subjective, so its really up to you if you like the color yellow you are seeing.
3. EGL also is easier in terms of grading the inclusions. What type of inclusions does this diamond have? Are they visible to the naked eye?
4. A 70% table is generally considered very big and may cause a "glassy" look to the diamond. How do you feel about its light performance (i.e. does it flash enough light etc.)


Also check out Diamonds by Lauren here: http://rockdiamond.com/index.php?crn=208&start=3

Compare the colors you see in the pics to the color/specs of your diamond and that should give you a better idea about the price.

Also, if no one chimes in by afternoon tomorrow, you may want to change your topic title to mention "fancy yellow" so you attract the right people to respond .

Good luck!

 

[yellowsparkles]

I am not a pro here, but I have a Fancy Intense Yellow cushion and I have learned a lot since buying it. Mine is HRD certified (Belgium). I believe my coloring is borderline Fancy Yellow and Intense Yellow. There is a big difference in price. Have you seen the ring in person? Have you looked at lots of yelllow stones? That is the best thing you can do, if you can. For $10,000 I would guess your ring is more like fancy yellow- especially since it is 1.76 cts. Also, I have not heard of UGS , but again, I am not a pro maybe they are reputable. I am sure someone will chime in on that.

As for your stone. If it is a cushion, it is probably a cushion that has the crushed ice effect. You may want to research cushions a bit more and make sure that is the look you want. 70% is large for a table IMHO. Mine has 62% and for me it is too large. My cushion is a crushed ice cushion and for that the stats are good. I have learned more about cushions and found that there are many many variations out there.

Also, SI3. Personally that concerns me. If you have seen the stone and love it then - that is great and I would buy it.

For prices, compare if you can. Go to www.engagementringsdirect.com and they have a link fto rings for sale. They have a few yellow diamond rings and I think their prices are very reasonable.

 

[richipat]

Pardon my ignornace, but what is a "crushed ice" cushion?

 

[InlovewithJHK]

I don''t know much about colored stones but would medium blue flour be a negative in this stone? I would think that it would be because it would "hide" the yellow of the diamond.

i would also be wary of the SI3 without seeing it in person

 

[yellowsparkles]

Date: 4/27/2007 8:19:34 AM
Author: richipat
Pardon my ignornace, but what is a ''crushed ice'' cushion?

Sorry. There are many different facet patterns for the Cushion. Search "cushion" in the search box (top right corner) and you will tons of threads on the cushion. "crushed ice" or "crushed glass" is just the appearance of the stone - looks like a radiant.

From my understanding, yellow diamonds are usually cut like this to intensify the color.... You will lots of cushion information just by searching in Pricescope.

good luck.

 

[neatfreak]

A few things:

1. That grading lab is not well regarded here. Changes are that the grading is going to be off at LEAST one clarity and one color grade, but likely to be more.

2. An SI3 is really code for an I1, so it should be priced appropriately. Except for the "sketchy" grading labs, there really is no SI3. It's just someone trying to pull some wool over a consumer's eyes.

3. Is this a NATURAL yellow diamond? Or has it been treated to get this color? This is a really really important question. My guess is that it IS NOT a natural yellow diamond, which you might care about or not. But you need to know so you can tell what you're dealing with. The more reputable labs will note this on their certificate, but I don't know about UGS.

4. That table iS HUGE, so without seeing it in person to see if you like it, it might not have that great cushion look. Might be glassy on top.

5. This most likely will have a "crushed ice" look. Just something to be aware of. Basically, the facets won't be clean and there will be small pinfire light, but no big flashes. Radiants often share this look if you want to know more about it.

My personal opinion is that there are enough red flags here for me not to want to buy it. But that's just me...

 

[yellowsparkles]

Date: 4/27/2007 9:57:18 AM
Author: neatfreak
A few things:

1. That grading lab is not well regarded here. Changes are that the grading is going to be off at LEAST one clarity and one color grade, but likely to be more.

2. An SI3 is really code for an I1, so it should be priced appropriately. Except for the ''sketchy'' grading labs, there really is no SI3. It''s just someone trying to pull some wool over a consumer''s eyes.

3. Is this a NATURAL yellow diamond? Or has it been treated to get this color? This is a really really important question. My guess is that it IS NOT a natural yellow diamond, which you might care about or not. But you need to know so you can tell what you''re dealing with. The more reputable labs will note this on their certificate, but I don''t know about UGS.

4. That table iS HUGE, so without seeing it in person to see if you like it, it might not have that great cushion look. Might be glassy on top.

5. This most likely will have a ''crushed ice'' look. Just something to be aware of. Basically, the facets won''t be clean and there will be small pinfire light, but no big flashes. Radiants often share this look if you want to know more about it.

My personal opinion is that there are enough red flags here for me not to want to buy it. But that''s just me...

Neatfreak - I totally missed that one. That is a really good question and very important too!

If this were really a 1.76 ct Fancy Intense Yellow - (assume good cut)- this ring would probably be $25,000 to $30,000? I really don''t know prices well, but just from what I have seen at the stores.

If the jeweler is willing to sell for $10,000 - makes you wonder why.

 

[Chrisholmes]

I am confused on the aforementioned ring - the dealer is asking $10K, but on this UGS-EGL-usa report, they appraise the ring at $27K. Is this typical for a ring to be sold at more than half its appraisal value?

 

[neatfreak]

Date: 4/27/2007 2:44:56 PM
Author: Chrisholmes
I am confused on the aforementioned ring - the dealer is asking $10K, but on this UGS-EGL-usa report, they appraise the ring at $27K. Is this typical for a ring to be sold at more than half its appraisal value?

In short, NO. Either the appraisal value is extremely inflated or there is something fishy going on.

 

[yellowsparkles]

Date: 4/27/2007 2:44:56 PM
Author: Chrisholmes
I am confused on the aforementioned ring - the dealer is asking $10K, but on this UGS-EGL-usa report, they appraise the ring at $27K. Is this typical for a ring to be sold at more than half its appraisal value?

I hope not. Sounds like they are appraising it as if it really were FIY and a higher clarity (SI2??) not sure. I know the cert says that it is FIY and SI3, etc. But if it were graded by GIA or AGS, it would probably be graded a lower color grade and clarity. (JUST MY GUESS). That is why they are willing to sell it at that price... that is probably closer to the fair market value. Appraisals can be crazy... all depends on who does them.

Can you take the ring to an independant appraiser to get a second opinion? Just a thought.