- Joined
- Aug 7, 2013
- Messages
- 1,863
https://www.hpdiamonds.com/en-us/diamonddetail/HPD10857
Someone needs to jump on this!
We can be twinsies!
Someone needs to jump on this!
We can be twinsies!
Yes, it is common for people to purchase CBI stones that are still being cut (I have actually done it myself). Since there is a limited number of CBIs cut each year, the incentive to the buyer is to get a stone in the specs they want. No discount to the buyer. CBI/HPD bears the risks of the final product not meeting the projected specs.Is it common for people to purchase these pre-cut stones? What is the incentive to the cutter? And to the buyer? I'm guessing cutter locks in the sale early and buyer gets a small discount in exchange?
Who bears the risk if the final product doesn't meet the projected specs or lives up to performance expectations?
Just curious.
Is it common for people to purchase these pre-cut stones? What is the incentive to the cutter? And to the buyer? I'm guessing cutter locks in the sale early and buyer gets a small discount in exchange?
Who bears the risk if the final product doesn't meet the projected specs or lives up to performance expectations?
Just curious.
My projected I SI1 ended up coming back a VS2. @KristinTech E SI2 was projected to be an FI think some people have had situations where the stone actually ended up being graded higher than anticipated (color or clarity) and HPD/CBI did not charge them more.
Yes, it is common for people to purchase CBI stones that are still being cut (I have actually done it myself). Since there is a limited number of CBIs cut each year, the incentive to the buyer is to get a stone in the specs they want. No discount to the buyer. CBI/HPD bears the risks of the final product not meeting the projected specs.
Is it common for people to purchase these pre-cut stones? What is the incentive to the cutter? And to the buyer? I'm guessing cutter locks in the sale early and buyer gets a small discount in exchange?
Who bears the risk if the final product doesn't meet the projected specs or lives up to performance expectations?
Just curious.
I'm not sure I agree it's a common thing for people to purchase pre-cut stones, but it does happen. Normally there is a specific reason. @lovedogs wanted a low color CBI for instance. She didn't think it was going to happen and almost pulled the trigger on another stone and got a call it was a reality.
I think finding an eye clean E SI2 is one of those rare exceptions it makes sense. High color and low clarity without risk is hard to find. Great price to boot.
However, if I'm looking at a 1ct G SI1 what makes that special? The price, or just getting my hands on a CBI? IMO, there's much less incentive as a buyer probably has other viable options. Add a twist and say it's a 5 carat rock and now that's a game changer.
The advantage for the cutter is fairly obvious -- they are selling stones and have revenue coming in the doors and can better plan their production. In a business like this, you want your inventory turning as quickly as possible, with the caveat your manufacturing facilities can sync perfectly with the demand. When demand is higher than supply prices will shoot up. The opposite is true as well -- if supply is high and demand is low, prices will lower to help keep inventory turning.
The advantage for the buyer is ensuring they get a CBI when demand is high or the desired stone is not readily available in the market place from another purveyor. Additionally the buyer has some reassurances the stone will meet or exceed the color, clarity and carat weight promised or they can walk from the deal or buy a different stone. In the event the final cutting results in more carat weight, better color and/or better clarity the buyer gets those additional perks for FREE.
https://www.hpdiamonds.com/en-us/diamonds/diamonds-now-crafted
For picky buyers that want to know the exact proportions of the stone they will receive, this is NOT a good option. So if you seek a 54-55 table and 34.5/40.8 combo you may or may not get that. You will get a great stone but it may have a 56 table and 34/40.9 combo or some other variable. Not that it's bad and CBI ensures maximum beauty but some buyers look for particular proportions and to date no vendor offers a custom stone with guaranteed proportions.
I guess as long as the full refund is in play, then there's little risk to the buyer (other than time and hassle).
Interesting that there's no adjustment if the stone ends up being graded higher as well. Based on what you guys have explained, it appears CBI absorbs any downside but gets no upside. Wonder why they do it...
That brings up another subject. You know how we are so hung up on the numbers?
CBI has proof from AGS that there IS a margin of error in the lab equipment measurements.
John is working on a blog article about this. Same diamond, different sets of numbers ... so which one is it? I can link to it when it is completed.
This is the only downsideFor picky buyers that want to know the exact proportions of the stone they will receive, this is NOT a good option. So if you seek a 54-55 table and 34.5/40.8 combo you may or may not get that. You will get a great stone but it may have a 56 table and 34/40.9 combo or some other variable. Not that it's bad and CBI ensures maximum beauty but some buyers look for particular proportions and to date no vendor offers a custom stone with guaranteed proportions.
But you still have a 30 day return period.This is the only downside
And the $1 more upgrade policy.But you still have a 30 day return period.
Really? I thought some are if within commonly requested specs (like 1-2ct g). I know mine wasn't bc no one else wants a 1ct N lolCustom cut to order are not returnable but are eligible for the upgrade program.
You can pick your own minimum clarity and color...That E SI2 looks so good...
how does custom cutting work? can you choose the clarity as well?
Haha, funny you mention this. I've already recommended someone purchase it.
https://www.pricescope.com/community/threads/thoughts-on-a-diamond-si1-eyeclean.251498/#post-4616772
Edited to Add:
Maybe you want to pop in on the other thread and share your CBI/HPD experience with the OP I suggested the stone to. He seemed pretty concerned about clarity of a few stones. This might give him some reassurance and peace. If HPD sent you videos/photos, maybe sharing those would help as well.
@KristinTech All I'm going to say is diamond studs
That E SI2 looks so good...
how does custom cutting work? can you choose the clarity as well?
You can pick your own minimum clarity and color...