Opinion on Oval 2.30ct Diamond

[thediamondlife]

Hi everyone,

Long time lurker. I went in last week to look at diamonds with my girlfriend, working with a local wholesaler. He showed us a large collection of diamonds, and when push came to shove my girlfriend decided she wanted a larger SI1 versus a VS.

The diamond she finally settled on was an oval 2.30ct rated a "D" color and SI1. This was certified by EGL International. Before you bite at me, I understand EGL tends to rate things much more generously. However, having viewed a number of diamonds, this one was very very clear, no yellow tint at all as compared to all the other diamonds I viewed. I believe it is a D, or very close to it.

It sparkled, quite well, and the inclusions it did have were only visible if I put the thing two inches from my eye and even then you had to turn it quite a bit to finally locate it. My girlfriend was pleased, out of 15 diamonds, she absolutely loved it.

Final price? $20,500. Doing some searches online, it looks like a good deal assuming the specs are right. Given she was okay with an SI1, I'm okay with paying a bit more over online wholesale pricing so we can visually inspect the diamond. Report is attached.

My question is this:

1. Does the cut of the oval seem okay? From what I'm looking at online, the depth seems a bit low, and that has me worried.

2. Should I be doing anything extra since it is EGL International? Independent appraisal I assume?

3. Anything about ovals I should be aware of, especially in regard to inclusions and their locations?

4. Does the price seem right considering the specs and the fact it is EGL International? Should I ask for a further discount?

Again, she was very happy with the diamond. That is obviously the most important thing. I just want to ensure I am getting a fair deal here.

Thanks for any advice you can lend to me.

Here is the report:

Link to the report: http://i.imgur.com/L5ZjPJJ.jpg

 

[diamondseeker2006]

We really can't tell you a thing about the diamond without pictures. But we can tell you that diamond is almost certainly not D color if it is EGL International. If you are really lucky, it could be F or G, but it could be lower. If you are really interested in the stone, tell the seller that you'll pay for a GIA report on the stone before committing. Otherwise, there is a very strong possibility you will overpay because the stone could easily be G SI2 from GIA. I will see what a stone with those specs runs.

Oh, and if he sells to the public, he is selling retail and not wholesale. We've seen lots of shady deals with this situation. Whatever you do, be sure there is an unconditional return policy written on your receipt. I would require a minimum of 7 days so you have time to at least get an independant appraisal. But the smart thing to do is to get the GIA grading so you know what a fair price to offer is. I now see that it says EGL European and not International, so it maybe could be F. I think International is the worst.