Possible Purchase

[Mr New York]

HI everyone! This is my first post but I''ve been reading on this website for a couple months. I wasn''t planning to really chose a specific diamond for another few months but a friend is looking to sell their ring so I am looking into buying it. The stats are

Round brilliant:

Cert: GIA
Carat: 1.70
Measurements: 7.60 - 7.66 - 4.75
Color: H
Clarity: SI1 (I haven''t taken a hard look at it yet but it seems eye clean)
Depth: 62.3%
Table: 57%
Girdle: Medium to Slightly Thick: faceted
Culet: None
Polish: Very Good
Symmetry: Very Good
Flourescence: None

It''s on a 18K WG 4-prong Solitare which I would replace. The asked price is $10,000. This is a "used" ring which doesn''t matter to my GF and I actually like the idea of reusing and being a little more environmentally friendly (I''m from Oregon haha) The price is a about two grand higher than I had set for my budget for the diamond. Any advice or comments? Thanks!

 

[Ellen]

Hi Mr.,

Doing a price search on those specs, I''m seeing prices for the stone at around 12,000.00 and some change. Being used, if it was me, (after taking it to an independant appraiser to be checked out thoroughly), I wouldn''t pay more than about 6000.00. And that''s being generous, as one third of the cost is usually what one can expect to recoup. Half is about as good as it usually gets.

 

[Lorelei]

Date: 8/6/2008 11:34:20 AM
Author: Ellen
Hi Mr.,

Doing a price search on those specs, I''m seeing prices for the stone at around 12,000.00 and some change. Being used, if it was me, (after taking it to an independant appraiser to be checked out thoroughly), I wouldn''t pay more than about 6000.00. And that''s being generous, as one third of the cost is usually what one can expect to recoup. Half is about as good as it usually gets.

Ellen gives good advice, welcome to Pricescope MrNY!

 

[Mr New York]

Thanks. I''ve seen about that same price online. The 10000 is half of her appraisal price, but that was a retail appraisal. So I was thinking of taking it to get appraised at a fair market value price and showing that. I dont know if I want to get involved in bartering with someone I know though. Good thing about this is that my GF saw it and was like "oh its so pretty and clear". So now I''m in the clear to buy H colors and S1. I wasn''t too sure before how much she would notice/care.

 

[Ellen]

Date: 8/6/2008 11:42:07 AM
Author: Mr New York
Thanks. I''ve seen about that same price online. The 10000 is half of her appraisal price, but that was a retail appraisal. So I was thinking of taking it to get appraised at a fair market value price and showing that. I dont know if I want to get involved in bartering with someone I know though. Good thing about this is that my GF saw it and was like ''oh its so pretty and clear''. So now I''m in the clear to buy H colors and S1. I wasn''t too sure before how much she would notice/care.

Personally, I wouldn''t.

And yes, you''ve gotten great insight into what will be acceptable to your gal. And, if you decided to buy a H&A cut, I would venture to say you could even go to an I and still be safe. The better the cut, the whiter it will face up.

Good luck!