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Please help with my BGD Recut recently certed...

acezarra

acezarra

Shiny_Rock
Joined
Feb 21, 2006
Messages
348
I recently had my diamond sent to BGD and the results were amazing! Even though it was a spectacular job, I have still decided to part with the diamond. At the recommendation of the experts here, I sent it off to AGS and had it certified. I have the results which I am including. What do you believe is a reasonable selling price? I am looking to list this on Diamond Bistro soon and want to know how to proceed. I really appreciate all of your help!

The lab report is number 104059751001
The cut grade is AGS Excellent (1)
The Light performance and symmetry and ideal (0) and the polish is (1)
The Color is I (2.5)
The Clarity is SI1 (5)
The Carat Weight is 1.168
The measurements are: 6.77 - 6.8 x 4.19 mm

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Attachments

A few more pictures...

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AnaClare|1343068134|3238633 said:
What do you believe is a reasonable selling price? I am looking to list this on Diamond Bistro soon and want to know how to proceed. I really appreciate all of your help!
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You can do a search of a vendor that has a lot of AGS stones (like Whiteflash or Brian Gavin Diamonds) and put in comparable specs to your stone and see what comes up, HOWEVER, I think you really need to decide what is the absolute minimum (i.e. lowest amount) that you must have for the stone, and come to a middle ground between retail and your minimum.
 
You will want to sell at about 70-80% of retail if you want the stone to move. Keep in mind that WF and GOG and BGD's retail price includes a great buy back and upgrade policy. And your stone would not come with those . So that discounts the retail value of your stone. JA has a different policy with regard to these items, so their prices are lower, and so they would be a better comparable. And Blue Nile would also be a good comparable because they don’t have buy back or upgrade policies.

Another thing is international buyers. I sell things on Loupe Troop and Diamond Bistro and I always allow for international buyers. And to date, many of my buyers have been in Canada, UK, Australia. The shipping is a bit more challenging this way. And if you can have BGD do that FOR YOU, and just charge you for the shipping/insurance/etc. that would be the best way. They don’t always do this, but they might, if they still have your stone.
 
80% off retail or 80% of retail? Like if the stone was 1000, sell for 200 or sell for 800? That just seemed like a big number so I was concerned. I guess one of the questions I have is what is retail? I am trying to find comps but am uncertain if I am looking at the right things.
 
Gypsy|1343069662|3238647 said:
You will want to sell at about 80% off retail if you want the stone to move.
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80% off or of retail??... :lol:
 
Dancing Fire|1343070107|3238656 said:
Gypsy|1343069662|3238647 said:
You will want to sell at about 80% off retail if you want the stone to move.
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80% off or of retail??... :lol:
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I guess it depends how quickly she wants to sell!
 
Dancing Fire|1343070107|3238656 said:
Gypsy|1343069662|3238647 said:
You will want to sell at about 80% off retail if you want the stone to move.
Click to expand...
80% off or of retail??... :lol:
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lol, I'll take it for 80% off retail.!
 
I edited. Smart alecks, the lot of you.
 
AnaClare|1343070014|3238654 said:
80% off retail or 80% of retail? Like if the stone was 1000, sell for 200 or sell for 800? That just seemed like a big number so I was concerned. I guess one of the questions I have is what is retail? I am trying to find comps but am uncertain if I am looking at the right things.
Click to expand...

Easier if I just repost. You will want to sell at about 70-80% of retail if you want the stone to move. Keep in mind that WF and GOG and BGD's retail price includes a great buy back and upgrade policy. And your stone would not come with those . So that discounts the retail value of your stone. JA has a different policy with regard to these items, so their prices are lower, and so they would be a better comparable. And Blue Nile would also be a good comparable because they don’t have buy back or upgrade policies.

Another thing is international buyers. I sell things on Loupe Troop and Diamond Bistro and I always allow for international buyers. And to date, many of my buyers have been in Canada, UK, Australia. The shipping is a bit more challenging this way. And if you can have BGD do that FOR YOU, and just charge you for the shipping/insurance/etc. that would be the best way. They don’t always do this, but they might, if they still have your stone.
 
Perfect! Thanks for the help. I will look into finding comps on sites that don't offer buy backs and warranties. I really appreciate the info!!
 
Do you have an actual AGS lab report, or just the sarin results from Brian (that you posted)?

Two recent WF and BGD signature stones sold on DB for 30% below retail. Yours not being a signature stone might mean you sell for less than that, and not having a true AGS0 grade. Being recut by Brian might offset that a little. So I think that is a reasonable target price wise. You will need to figure out a safe way for the buyer to comfortably buy the stone, though. Arrange for an appraiser to act as middle man.
 
I have an actual AGS report. I tried to attach the PDF on the first post. It is number 104059751001.
 
With the comps that DS pulled, I agree that $5100-5200 would be a good price range for you to shoot for. I think it will move at 1000 off retail and be a good deal for you, and for the buyer.

Is the stone wtih BGD? If it's not, call them and ask them if they mind if you send it back to them and have them send it out to the buyer for you (and you pay them for shipping). That way, you don't have to offer a return policy because BGD will have the stone and confirm it is the same stone as the certificate and handle the shipping and insurance details for you, so both you and the buyer will have piece of mind. If the buyer is unsure about I color, send them to see Hearts on Fire stones in I color in the one carat range, so they can see what their comfort is with it.

I don't think you'll have any issue selling if you follow these guidelines.
 
Thanks so much for all of the advice. I was able to talk to Lesley and have her hold the diamond for me. Just another testament to how amazing they are as a company!! I will be posting the diamond to the bistro in a few days and then will post the link on the pre-loved forum. I really appreciate all of your help and words of wisdom!
 
Anytime sweetie.
 
Tagging this thread so I can find the stone when it comes available.
 
Thanks! :)
 
Sweetie... Brian doesn't cut the diamonds himself and a recut diamond- to me- isn't new. I would link to a comp on BGD for pricing.
 
Thanks for the suggestions. When I spoke to Lesley she recommended that I mention that it was a brand new diamond that was cut by Brian. I didn't realize that he wasn't the one to cut them based on the conversations that she and I had in the past.
 
Well, if it's been recut and repolished, and has a fresh lab report, to me, that is "new." When the PS vendors relist diamonds that they bought back or that people traded in, those vendors don't list it 1/3 off as a used diamond, do they? No. They mark it up, usually, to reflect today's current wholesale and retail costs. Because they refurbish it to "new" condition. They (diamonds) are all 1000s of years old, anyway. And at one time might have been part of a larger "used" diamond. And calling somebody "sweetie" is condescending.

My traded-in diamond was relisted at 15% higher than I originally paid for it, and mine wasn't "used." It had sat in a stone holder in its original box for 2 years before I upgraded. That was from 2006-2008, before the big price hikes, even.

I have a BG recut diamond. It turned out very nice but I never had it sent to a lab for grading. It's nice that yours was highly rated. :-)

Take pricing advice that you get here with a grain of salt and skepticism. After all, some of these people might have an interest in buying your item for below-market price, or in seeing a friend, relative, or dealer get it. You can always aim high and then come down if needed to get the sale.

(walks off, muttering to self and shaking head...)
 
TC, sweetie. It wasn't meant to be condescending when I addressed Ana that way. And I have no self interested motives at all, and I'll thank you to keep your opinions as to my motives to yourself, since you clearly do not know me at all. As to the rest of your 'advice': Ana is NOT in the trade. She does not offer the buy back policies that BGD does on their signature lines. She does not offer a return policy or any thing else. So she will NOT get retail for it. WHY would someone with half a brain pay her full retail, or close to it and lose out on the trade in, buy back, and upgrade policies, not to mention the return policy on a board with NO buyer protection like DB? Fact is-- they won't. So you have to make it worth it to the buyer to take the risk of buying from DB, with no return policy or anything else. And that means a lower price.


Ana, for me there is a difference in saying "cut by Brian Gavin Diamonds" rather than "cut by Brian Gavin." The first says-- the company had it cut. The second says Brian actually did the cutting. Brian doesn't actually do the cutting so the second is inaccurate. As for new or old. I've resold a number of diamonds recut (by BGD) and I always list them as recut diamonds, not new ones. Again, I feel that is more accurate. The reason I do this is when I am a buyer, I appreciate accuracy and so I provide the same (to the extent possible) for my buyers when I am selling. There is nothing WRONG with a recut diamond so why not just state that? And, someone looking for a truly NEW diamond (like those people looking for ones that have been recently mined with proof of that) might be upset if they later find out if their diamond was, in fact, a recut one. My advice is this: when listing items for sale it is best to be as accurate as possible so that you never have to deal with someone coming back to you and saying "you mislead me."
 
The proof in in the pudding. Two recent diamonds that were signature WF diamonds sold for 70% of retail value on DB. A private seller cannot expect full retail. If one desires closer to full retail, there is the option to consign at a place like GOG where the commission is less than 30% (the loss on a direct private sale) but it will likely take much longer to sell.

People on DB also seem to expect super deals.
 
i'd agree that 30% off retail sounds right for both the buyer and the seller.
 
Thanks Gypsy. I honestly thought that Brian himself was the one that cut the diamonds. I will edit to reflect this information. I appreciate all of the advice and realize that I won't be getting retail as I am a personal seller. I also understand that I don't have a buy-back policy or warranty as we discussed in the previous months. I did set my price a little higher than recommended because my thought is people are going to assume that it is not my bare minimum. (I'm new to the whole selling thing).

Thanks again for the info.
 
No worries. I was offended by anything you said or did at all. I was just trying to give you constructive feedback to help you sell your diamond. :wavey:
 
I am sure it will sell as that is a desirable size stone with good specs! Good luck to you!
 
The JA stone is an ASG0, JA's opinion on very good or excellent is irrelevant (and I think it's mis-listed because when you click on it, it comes up at Excellent). I think it's a great comp. I wouldn't say what the JA price is, because the PS price is 6,800. I would just link to it say, "Similar diamonds, like this one here: LINK are listed on James Allen for over a thousand more, so this is a great savings opportunity!" (if you have the price listed at 5,800 that is, which is where I would advise you to put it).

And they can click on the link and decide on the discount for themselves. :wavey:
 
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