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Need help to define Rap price for 18.70ctw emerald

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carbo-den

carbo-den

Rough_Rock
Joined
Apr 21, 2010
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HELLO EVERYONE. I NEED YOUR HELP TO DEFINE approx. RAP PRICE FOR 18.70 CTW EMERALD CUT DIAMOND EX EX EX. COLOR - J CLARITY -VS1
My calculation is around $1.45-$1.50mln.(based on rap for Pear cut - in my country there is one discount on all shapes)
Want to see your opinion please.
Many thanks.
Dennis.
 
Hi Dennis,
The list you refer to is a trade only entity- not to be published elsewhere.
I can tell you that your estimates are exponentially high if the stone is to be purchased from an aggressive priced dealer.

I would also be curious how it has 3 "EX''s" given that GIA would only have space for two on a report for an emerald cut
 
Thanks for reply David. Of course it`s two EX - my misprint. I am from Moscow.Russia. My calculation based on our local methods. This stone will cost for me around $500k. I just want to see few opinions about Rap for it.
 
What difference does Rap make? It’s not related to either what you would need to pay for such a stone in pretty much ANY marketplace or what you or anyone else can expect to sell it for. Although it’s perhaps an interesting academic question, I fear you may be heading for a serious misunderstand. May I ask why you are asking?

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
 
You''re welcome carbo-den!

Neil has a good point- the "rap price" is far less relevant than other aspects- such as how the stone is cut.
It would not be responsible to make any firm comments about such a price, having never seen the stone- or understanding other aspects of this deal- but if we''re just speculating, $500k seems a lot closer to reality.
 
ask because I wish understand approximately what estimation can to be in the USA for this stone. To compare to estimated parametres in USA. Stones over than 10ctw is hard to estimate
 
I understand what to estimate such stone difficult without seeing it but nevertheless I would like to see a rough estimate please
 
Any estimate given is worth the paper it''s printed on- and given that this is online, it''s clearly not printed....


Sorry, I''m making a joke, and English is not your first language.
Any estimate given is useless- or it would have to be so wide that it would not be helpful....
 
Rap has nothing do with either what it would cost you to buy this stone in USA or what you could get for it if you sold it there. In both cases, that'll depend more on the details of the stone and your relationship with the buyer/seller. Knowing Rap won't even get you in the ballpark. The fact that someone is trying to sell it for $500k is FAR more useful information. The difference for the location is a thousand dollars or so. That is to say, basically nothing. Apparently the customer (you) is in Russia, which makes it actually 'worth' more there, but if there were a buyer in USA, India, Japan or anywhere else it would be easy to have the stone in their hands within a week or two so it really doesn't matter. The people peddling such things get around rather freely.

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
 
No problem Dave))) My language is GREAT AND MIGHTY RUSSIAN ))
 
Cagdela?

Horasho!

Spaceba


Please excuse my non existent Russian spelling....heheh
 
You are certainly right Neil but nevertheless we make a start from Rap at purchase and sale as well as you in the USA. At us the price of purchase and sale is of 60-75% of Rap to buy/sell quickly. For example 5.40 G-VVS2 i can sell in Russia for $170-$180k
 
IT`S WILL BE LIKE THIS DAVE :
KAK DELA? (how are you)
HOROSHO! (fine!)
SPASIBO! (thanks!)))))
 
Carbo-den,

I''m really excited for you. I hope that if you get this or something like it, you post a photo. For me, making a purchase of my $10,000 anniversary ring is like the biggest deal. But I''m enjoying reading about your endeavors.

(My fore-fathers came to America from Russia in 1850)

David and Neil, you guys are the best. I love how you honestly hash things out.
 
Spacebo missydebby!

And of course to Carbo-denfor the lesson in Russian.
I also had a set or Russian grandparents.....
 
Hey Missy or Debby )))
so you a little bit Russian girl? ))) Nice to hear it
 
It varies a LOT with the stone details. A ‘good’ J/VS1 may bring anywhere from 50% back to 10% over or more depending on the marketplace and the rest of the details. The same thing with a poor stone may be as much as 75% back or more. That makes a hypothetical 19 carat emerald as you describe in a range of something like $200k - $800k. That’s quite a range, and that’s the reason it’s not very useful information. I think your 1.5m range is way out of line for pretty much any stone and any circumstance. FWIW 10-11/J/VS1 rap is 292.


Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
 
292k for J-VS1 is the price based on Pear Cut Rap. So you have same opinion as me that emerald price can be estimated using Pear cut prices? As was to be shown Neil
 
As most of retailers i am dealing with ROUNDS but this one is interesting COZ it`s really big and easy to sell in Russia. Thats why i am asking you opinion to estimate the price for it.
 
Neil, it`s usefull . Price cant be taken from nowhere. Anyway dealing with EX cut stones you can base on RAP. We have few sources in Russia - it`s Antwerp prices,old Government prices on Diamonds since USSR and RAP. 99% of retailers and customers using RAP.
 
Big is not an easy sell here, especially in that kind of cut and grading. That explains why it’s for sale in Russia. $500k sounds like a good place to start on what it’s ‘worth’, since that’s what some seller is asking for it and, presumably, they haven’t found a buyer willing to pay that yet. Do you know how long it's been available?

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
 
Date: 4/21/2010 5:55:55 PM
Author: carbo-den
Neil, it`s usefull . Price cant be taken from nowhere. Anyway dealing with EX cut stones you can base on RAP. We have few sources in Russia - it`s Antwerp prices,old Government prices on Diamonds since USSR and RAP. 99% of retailers and customers using RAP.
Click to expand...
How do you decide if a particular stone should be priced at Rap, 50% back, a premium over or something else entirely? Do all stores, all ‘wholesalers’, all private individuals and all other manner of sellers charge the same prices?

Don't misunderstand, dealers here use Rap as part of their sales pitch all the time. I'm saying it's not useful for shoppers, not that dealers don't want them to rely on it.

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
 
Date: 4/21/2010 5:55:55 PM
Author: carbo-den
Neil, it`s usefull . Price cant be taken from nowhere. Anyway dealing with EX cut stones you can base on RAP. We have few sources in Russia - it`s Antwerp prices,old Government prices on Diamonds since USSR and RAP. 99% of retailers and customers using RAP.
Click to expand...
Carbo-den,

You came here asking for advice and a well respected, longstanding, and highly reputable appraisor Neil has given you some and is trying to help you.
The price could vary as much as 50% or more based on the cut, and that assumes that you even have a certificate on the stone from a top tier lab.
If you don''t have a GIA or AGS certificate you would have to send it to those labs for grading, otherwise it will be much more difficult to sell in North America.

Good-luck on this venture but quoting rappoport ''generic'' pricing without a focus on the more specific market for your stone shows a lack of experience as both a buyer and a sellor.
 
Neil it`s for sale in Las Vegas. And it`s available for a long time. since may 2009. I want to buy it coz i have customer on it in Russia.
 
Now I’m getting confused. You KNOW what it costs in the US, or at least an upper limit for what it costs since they’re asking $500k and apparently having a hard time getting it. Perhaps the question is becoming how much less it really costs, which makes Rap even less relevant. You’ve got a client in Russia who wants it, and presumably you’ve got a price in mind for what you’re going to charge them for it. If there’s money available on the spread between these two then it’s just a matter of the logistics of how to put the deal together. A 10% spread on a deal like that is worth a fair amount of effort after all. Does the buyer, or one of their trusted employees or agents, ever get to Las Vegas? Is the seller willing to fly it to Russia to do the deal there? If it's not too bold to ask, what is your involvement? Specifically, why is the buyer shopping for this from YOU? How did you choose this particular stone to offer?

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
 
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