Need help with pricing

[BrumBrum74]

Hello.

I've started to save up for a diamond ring for my wife.

I want to buy her a second hand solitaire ring with a 1.5ct centre diamond. I expect the clarity to be SI1 and colour I or J with excellent or very good cut/polish/symmetry. I know the diamonds drop their value dramatically when they're used. But I still would like to know what kind of price range I should expect. I'm not interested in designer pieces and only want a nice diamond.

Thank you for your help.

 

[Snowdrop13]

Second hand will only be cheaper if you know exactly what you are buying ie that the diamond has a proper certificate and an appraiser tells you that you have exactly that stone. You might be surprised what you can get online, please make sure you have a good look around! Where were you thinking of buying your stone?

PS a quick search with those parameters on the search tool here shows a range of prices from $5500 to about $10000, you would have to sift through a few.

 

[BrumBrum74]

I want a ring that has a GIA certificate.


Have been looking at ebay and online shops like http://diamondbistro.com/..

Some rings cost almost like retail price even though they are used.

I'm not that interested in any special setting, but interested in the diamond.

 

[msop04]

What is your budget for the diamond?

 

[BrumBrum74]

I've have around $4000 now. I have time and hope to get a great deal, but prices seem very confusing.

 

[msop04]

I've have around $4000 now. I have time and hope to get a great deal, but prices seem very confusing.

Even buying preloved, you'd be very hard-pressed to find a nice 1.5 ct for $4000. You may want to consider raising your budget and/or changing your specs.

 

[BrumBrum74]

Thank you for your help msop04. I have saved 4000$ so far but I can go up to get a nice stone.

https://www.jamesallen.com/loose-diamonds/round-cut/1.53-carat-j-color-si1-clarity-excellent-cut-sku-1110774

I think the diamond in the link above is good enough for us. If this is what such a stone costs brand new I was wondering how much a used one should cost. I am unsure about what would be a good deal.

 

[msop04]

You'd have to buy from an individual, like on LT or DB... it's really up in the air as far as price. It's really not that a diamond is "used" vs. "new" (diamonds are diamonds), but who is selling it. A diamond sold by an individual will likely not have the same mark up as that same stone being sold by someone in the trade.

Would your FF consider old cut stones as well?

 

[msop04]

If I were you, I would call IDJ and have Yekutiel find you a stone in your budget. He seems to work wonders...

 

[Diamond_Hawk]

Hello.

I've started to save up for a diamond ring for my wife.

I want to buy her a second hand solitaire ring with a 1.5ct centre diamond. I expect the clarity to be SI1 and colour I or J with excellent or very good cut/polish/symmetry. I know the diamonds drop their value dramatically when they're used. But I still would like to know what kind of price range I should expect. I'm not interested in designer pieces and only want a nice diamond.

Thank you for your help.

Hello BrumBrum74,

You may find something that is fits your criteria[given your flexibility on cut/polish/symmetry], but the SI1 clarity covers a broad range of diamond appearance. Clouds would be a particular issue in an SI clarity I would look for - the severity and quantity can hurt performance and brilliance (esp. when they are the grade-setting inclusion). If you find one that approaches your price range the lab report may or may not be an indicator of this performance issue - ask a lot of questions, and make sure you have the ability to return the diamond if you are not satisfied upon purchase.

 

[BrumBrum74]

Thanks so much for the help.

Very much appreciated.