Price ? between EGL and GIA OEC

[chupiechow]

I am trying to decide between a few different OEC's but I am so confused about determing pricing of and EGL versus GIA stone.
The EGL stone is a 2.33 K VS1 EGL priced at $19,000 I thought this was high considering it was an EGL stone. So I asked if we could get it graded by GIA and they said they would adjust the price accordingly based on what GIA graded it:
2.33 LVS1 $22,100
2.33 LVS2 $20,375
2.33 MVS1 $19,500
2.33 L SI1 $18,000
2.33 MVS2 $17,700
2.33 M SI1 At this grading the stone would not be for sale.

based on these prices I am not sure it would be worth getting it graded? The other option is to buy one of their current GIA stones. But I would have to go down in size.
2.01 LVS1 GIA OEC $17,000
2.02 IVS1 GIA OEC $31,000
2.03 MVVS2 GIA OEC $18,000
2.45 JVS2 GIA OEC $28,000
3.03 LVS2 GIA OEC $35,000

What do you think I should do??

 

[diamondseeker2006]

I think I would shop somewhere else, because those prices look really high to me.

 

[Dreamer_D]

I think I would shop somewhere else, because those prices look really high to me.

Actually, those are retail prices for OECs, seem on par with OWD. I wouldn't pay that much But I am cheap.

To me, though, I don't like their sales approach. They should stand behind their product and pricing, whatever the grade. The diamond is worth what it is worth regardless of the lab report. I think they are trying to scare you into buying it now without getting the GIA report because they might know (suspect) it will come back less desirable.

What are you hoping to achieve by sending it to GIA? Learning market value? I think for OECs you can use EGL to determine market value, just acknowledging that the range for a given color/clarity will be wide. Or you can use an appraiser. But I don't like the shifting price scale.

 

[TristanC]

If they could shift the prices UP with a GIA report, they most likely would have done it themselves anyway.

I'd take them up on the offer if you see one your eye likes, and then let them price it DOWN if it comes back worse off. If it is truly what it states on the EGL report... then I guess you'll have to walk.

If they won't price down, but will only price up, then it isn't a shifting scale.

 

[chupiechow]

I guess I just want to feel like I didn't get ripped off and right now I feel like those prices are way too high. The diamond is lovely, but doesn't warrant a 19k price tag. I feel like it faces up pretty white under most circumstances. But I am just not comfortable paying that much for what might actually be a L/M stone. What would be a reasonable price for me to offer?
I can post the EGL report if that would help?
Thanks

 

[diamondseeker2006]

The thing is, it probably isn't L. It is probably M, N, or O. I really don't like how they are trying to bump up the price if the grading comes back as L or M. That is nuts!

Do you have pictures of the stone? What does it say about the girdle?

 

[Amys Bling]

The thing is, it probably isn't L. It is probably M, N, or O. I really don't like how they are trying to bump up the price if the grading comes back as L or M. That is nuts!

Do you have pictures of the stone? What does it say about the girdle?

Agreed, it is most likely lower than L.

 

[Circe]

Looking over that price list ... they think it's a GIA M, and they've priced it accordingly. Other than that ...

I think I would shop somewhere else, because those prices look really high to me.

Actually, those are retail prices for OECs, seem on par with OWD. I wouldn't pay that much But I am cheap.

To me, though, I don't like their sales approach. They should stand behind their product and pricing, whatever the grade. The diamond is worth what it is worth regardless of the lab report. I think they are trying to scare you into buying it now without getting the GIA report because they might know (suspect) it will come back less desirable.

What are you hoping to achieve by sending it to GIA? Learning market value? I think for OECs you can use EGL to determine market value, just acknowledging that the range for a given color/clarity will be wide. Or you can use an appraiser. But I don't like the shifting price scale.

... ditto.

This is your new Singlestone ring, right? Honestly, because I, a) don't think they negotiate (though it never hurts to try, I guess!), and, b) am chronically opposed to paying retail, what I'd do is return it, find a comparable OEC on the secondary market, and go back and get the setting that you love from them. Yes, it's a pain in the tuchis ... but the approach rubs me the wrong way, and if I recall correctly, you wanted to go closer to three carats, right? 20K might not get you all the way there, but if you're willing to stay down around M, you could get pretty close, I think.

 

[chupiechow]

Yes, circe this is the single stone ring. It was not for me but rather an x-mas present that I purchased last minute, because I am a procrastinator. The person I bought it for adores it and doesn't want to send it back. But when I look at it all I see is yellow and for the cost I just can't live with that. The setting is magnificient! So I thought about just buying the setting and then finding an 8.5mm stone on my own.
I have attached a copy of the EGL report for review

BTW the search for my 3ct which has now turned in to a 4ct cushion is still ongoing. After seeing a cushion in person I must have a Big one

 

[Dreamer_D]

Looking over that price list ... they think it's a GIA M, and they've priced it accordingly. Other than that ...

Exactly, you can figure out EGL/GIA comps roughly by using dollar values, if this stone costs the same as a GIA M, well then... Plus, if you look at it and see yellow, then I suspect it is an M because in my experience, K-L colores do not look yellow and especially not in all lighting,.

 

[Circe]

Hm ... is the ring a genuine antique, or a repro? I ask because finding a stone that's 8.5 EXACTLY gives you a possibly unnecessary constraint: if they can play it again (Sam), you might as well return the ring in its entirety, find a loose stone at a price that's agreeable to you, and then have them remake the setting.

Assuming you can pry it out of the recipient's hands, that is. I know I'd have trouble letting go of that beauty, too ....

My vote? Ask SS what their policy here would be, and if they're amenable to a return, put up a new thread asking for help with X budget, whatever it might be, and see what we-all can find. I bet the recipient will be happier with the plan if you can show her the bigger/whiter/whatever-er it is you guys desire stone that's the alternative. I'm off to the pediatrician now, but assuming a roughly 20K baseline, I'll dig around this evening .....

 

[chupiechow]

I appreicate all the advice......Dreamer and Circe ect
The ring has been returned....I felt really bad doing so, but I just didn't feel good about it.
They said I don't have to pay a restocking fee (5%) as long as I purchase something else. Not sure if a setting will count or not.
The setting is a reproduction, so they can make another to fit any size diamond I find. He said the setting is 5,500. So I would like to stick or stay around 15k for the diamond if possible. Do you think I can get a 2ct?